Proposals to restructure stamp duty after government take increases 10 fold

Four in a row IIA report conducted by the campaign group, Homeowners Alliance, has discovered stamp duty has risen by almost 10 times since the mid 90’s. Since 1995, average stamp duty fees have risen from £532 to almost £6,000; this is seven times the rate of inflation and five times the rate of house price rises. Stamp duty is paid by homebuyers, purchasing property worth over £125,000 and has become a major source of revenue for the Treasury. The group ...

Housing & Mortgage round up: Renters finding the going tough, whilst demand amongst homebuyers rises

Housing & mortgage round up_istockphotoNo house price surveys this week, but still plenty of housing news to bring you, dominated by an increase in house buying activity, plus news rents continue to increase. Housing demand at four year high New figures, from the Royal Institution of Chartered Surveyors (Rics), have shown demand for homes in the UK has risen to the highest level since 2009. The research also showed that the majority of Rics members are reporting rising ...

The rise of the ‘hotel of mum and dad’

Many parents are aware of the 'bank of mum and dad' concept, especially as the tough economic times have bit young people especially hard, however the 'hotel of mum and dad' also seems to be rising in popularity. New figures from the Office of National Statistics (ONS) show that almost three million people aged between 20 and 34 are still living at home with their parents. Are you a first time buyer looking for help?...