homebuyers

Ladder

Lockdown has helped a third of homebuyers get on the ladder

The latest research by Yes Homebuyers has found that a third of homebuyers have been helped onto the property ladder as a result of lockdown.

It’s been a long road and the end is (hopefully) near, with an exit plan in place to gradually reduce lockdown restrictions.

However, Yes Homebuyers has found that there has been one silver lockdown lining for 27% of recent homebuyers...

Row of houses

What would a CGT tax hike mean for B2L landlords and second homebuyers?

Research by lettings and estate agent, Beham and Reeves, has estimated that buy-to-let landlords and second homeowners could see the capital gains tax (CGT) owed if they choose to sell increase by as much as £24,000. That’s if recommendations by the Office of Tax Simplification to change the tax threshold are introduced.

CGT is tax paid on the profit of an item sold that has...

Help to buy homebuyers facing £32k interest repayment increases

The latest research by Yes Homebuyers has revealed just how much profit the government could be making via the Help to Buy (H2B) equity loan scheme due to be introduced in April.

This latest rehash of the Help to Buy initiative only requires homebuyers to save a 5% deposit with the government adding a further 20%, or 40% if you’re buying in London. Homebuyers are only required to...

Taunton Somerset

The stamp duty free hotspots offering the biggest savings until September

The latest research by lettings and estate agent, Benham and Reeves , has revealed just how much of the property market is due to remain stamp duty free as a result of the soft landing implemented in the form of a double extension.

Currently, 93% of local authorities across England are home to an average house price that falls below the current £500,000 stamp duty holiday threshold,...

Keys in door

The UK’s chain-free property hotspots to help homebuyers avoid the current market backlogs

Research by estate and letting agent, Barrows and Forrester , has looked at where a chain-free property is most in-demand amongst UK homebuyers, as well as which UK cities are home to the most chain-free properties for sale.

A property chain is when the transaction involves more than one buyer. For example, if you were a buyer, buying from someone who was also buying from another...

Rooftop view of Oxford, England

The cities where asking price reductions are helping boost homebuyer affordability

The latest research by Yes Homebuyers has revealed where homebuyers could be quids in due to a hat-trick of savings via the stamp duty holiday, a reduced mortgage deposit requirement and a reduction in the asking price of their property.

The budget announcement on Wednesday saw the government extend the existing stamp duty holiday until June, with homes purchased up to £500,000...

Stamp Duty Extension

Stamp duty extension to benefit 600k buyers to the tune of £2.8bn

The latest market insight by national estate agent, Keller Williams UK , has looked at how many additional homebuyers will now benefit as a result of a double stamp duty extension saving.

Using sold price records from the Land Registry on market transactions to have already completed since the start of 2020, Keller Williams looked at the estimated impact of: -

- The original...

Magnifying Glass

Warning that stamp duty holiday needs more clarity say Slater Heelis

The housing market should be buoyant thanks to Chancellor Rishi Sunak’s Spring Budget, but Slater Heelis Solicitors have warned that until there is more clarity in the details, sellers and purchasers should still aim for a 31st March deal to be done.

The stamp duty holiday has now been extended into the summer as part of the government’s aim to ensure the economy is rebuilt and so...

A street scene of Elan homes

Boost for first time buyers in Barnstaple

FUELLED by months of staying home and craving their own space, first time buyers in Barnstaple are stepping onto the property ladder with Help to Buy.

A number of those who’ve seized the early opportunity to reserve a new home at Pickards at Larkbear have been first time buyers.

They’ve been able to boost their buying power with the aid of a Government-backed equity loan...

Nearly half of buyers would pay full stamp duty to avoid the transaction falling through

Research by home buying platform, Yes Homebuyers , has revealed that half of current homebuyers would happily pay the stamp duty owed on their purchase if it meant completing now and avoiding the current market backlog.

The survey of 3,717 homebuyers found that those to have seen their property purchase delayed due to the current market backlog have been impacted in a number of ways...

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