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May 08, 2008

Q & A: Stamp Duty

Property expert Nicholas Leeming of propertyfinder.com answers your questions on stamp duty:

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Posted by Ben Henzell at 01:16 PM | | Comments (6)

March 18, 2008

Stamp Duty bills soar far above home buyers' expectations

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.

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Posted by Ben Henzell at 04:11 PM | | Comments (2)

February 04, 2008

Poorer London boroughs suffer biggest declines in affordability as city money spreads further afield

Phenomenal house price growth has put a strain on household finances nationwide, with the house price to income ratio doubling over the past 10 years.

London house prices in particular have soared – rising a third faster than the rest of the UK. However, according to the latest research from propertyfinder.com, the average rate of decline in affordability in the capital has kept pace with the rest of the country – the house price/income ratio is just over twice its level of 10 years ago. The ratio in London stands at 8.3 compared to 7.2 for England. The figures mask wide variation in the changing pattern of affordability from borough to borough in London.

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Posted by Ben Henzell at 12:17 PM | | Comments (0)

June 07, 2007

Bank holds interest rates at 5.5%

The Bank of England granted homeowners and businesses a reprieve today by leaving interest rates at 5.5 per cent - a decision the City believes represents merely a pause in the tightening cycle.

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June 01, 2007

Tax shock on buy-to-let

Almost 80,000 landlords who may have claimed too much tax relief are facing a shock as the HM Revenue & Customs looks to claw back unpaid tax from as far back as six years.

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Posted by at 11:39 AM | | Comments (0)