Finance
Rising interest rates: Why the Bank of England has increased rates again and what to expect next
Financial markets are currently forecasting interest rates of around 4
BoE raises interest rates to 3%
The UK's base rate of interest has jumped by 0.75% in the biggest single rise since the 1980s.
Mixed-use home-owners should ‘expect greater scrutiny from HMRC in all SDLT claims’, warns accountant
A pudding entrepreneur has landed a significant Stamp Duty bill after a 'misguided' attempt at a refund based on mixed-use rather than residential rates for a country home
Sancus names new UK Managing Director
Property lender pursues its 'aggressive growth strategy' with another top-table change.
Start-up real estate lender recruits legal guru as MD
Birchwood Real Estate Capital was set up earlier this year by former Blackstone, L&G and Delancey exec Lorna Brown, with backing from WR Berkley.
Welsh Government updates Land Transaction Tax rates
Wales is cutting the Land Transaction Tax for lower-value homes, while raising rates for properties above £345k (the top c.15% of the market).
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.