Finance
Major mortgage lenders pull products amidst market turmoil
Virgin Money, Halifax and the Skipton Building Society are amongst those to have pulled mortgage products.
Industry Reactions: Kwarteng’s big ‘mini Budget’ & Stamp Duty cut
A surprisingly mixed set of responses from the property sector, featuring insights from Savills, Knight Frank, Rightmove, Maskells, Cluttons, Jackson-Stops, JLL, Winkworth, Carter Jonas, Chestertons, …
Exploring a valuable reduction on VAT on property renovations
Since 2008, renovations and alterations to residential properties that have been empty for at least two years are eligible for a reduced VAT rate of 5%, writes Nick Cunningham of Stacks Property Search.
BoE raises interest rates by 0.5% to 2.25%
The UK's base rate of interest has been rising since December 2021, as the Bank of England attempts to keep a lid on inflation.
Truss set to cut Stamp Duty to ‘encourage economic growth’
The Prime Minister and Chancellor will announce a reduction in property transaction taxes on Friday, suggests The Times.
Chancellor Kwarteng to deliver ‘emergency mini-budget’ on 23rd September
The new Prime Minister has promised to cut taxes.
BoE delays interest rate decision
"In light of the period of national mourning now being observed in the United Kingdom, the September 2022 meeting of the Monetary Policy Committee has been postponed for a period of one week."
UK Finance: ‘House purchase activity looks to have returned to pre-pandemic norms – for now’
"It is too early to predict when escalating cost-of-living pressures will begin to bear down on effective demand," says UK Finance
Bridging lending rises as deals take longer
The total value of bridging loan lending in the UK has jumped 22% in the past year, according to analysis by mortgage broker Henry Dannell, with the purchase of an investment property being the most common …
King’s Cross secures £1bn refi deal
Vast regen project is entering the final stages of development.
Mortgage lending dips but approvals rise
The property market is "rife with nerves", says Knight Frank Finance after looking at the latest BoE mortgage numbers.
A fifth of property sellers miss new CGT payment deadline
A Freedom of Information Request by the Financial Times has revealed a big problem with the new Capital Gains Tax timeframe...