Q & A: Stamp Duty
Property expert Nicholas Leeming of propertyfinder.com answers your questions on stamp duty:
Property expert Nicholas Leeming of propertyfinder.com answers your questions on stamp duty:
Nicholas Leeming, major client director of propertyfinder.com, commented on the CML buy-to-let figures and the escalating demand for private rented homes:
Nicholas Leeming, major client director of propertyfinder.com:
Where HIPs are concerned, the only thing the government has been consistent on is indecision. The main impact on the market has been from dithering over implementation, rather than the actual legislation. Now that HIPs are compulsory for almost all properties, they are just an expensive, unavoidable inconvenience – much like death and taxes.
The London property market is more resilient than most other parts of the country. Despite hype about the reliance of London on financial services, the city has a strong and diverse labour market which shows little sign of faltering.
Nicholas Leeming, major client director of propertyfinder.com comments:
Deciding on what and how to bid for a property is one of the most challenging parts of the house buying process. There is no set formula and this is a straightforward commercial negotiation, made all the more difficult because the individuals involved may have widely differing standards and business experience.
Property expert Nick Lemming gives his advice..
Continue reading "How should you make an offer for a property?" »
The stamp duty paid on a home in the UK has reached an average of £4,950 this tax year, according to the latest research by propertyfinder.com, based on predictions using HMRC data.
This is up from £3,828 last year and just £709 ten years ago (a ten year increase of nearly 600%). During the tax year 2007/2008, the HMRC will have collected a total of £6,863m from home buyers.
Continue reading "Stamp Duty bills soar far above home buyers' expectations" »
Most agents set a guide price slightly above of the figure that they expect to achieve for a property, but the precise level which a vendor will accept depends on a number of matters, the most important of which will be the number of competing bidders and the overall market conditions.
Continue reading "Q&A: How can you negotiate with vendors?" »
Continue reading "Q&A: I've found the perfect home, what’s the next step?" »
As the government announced the roll out of HIPs on all homes by December 14th, propertyfinder.com’s survey of 842 estate agents reveals just what a shambles the legislation has been so far. HIPs, which are already compulsory in the home selling process for homes with three or more bedrooms, will be introduced on all homes from mid December.