In recent years, more than 400,000 people have become landlords through buy to let, benefiting from great profits. Some experts say that it is too good to last, and the UK property market is finally set to get its reprisal. So should you stay away from buy to let opportunities, or should you take advantage …
Monthly Archives: March 2008
Low Income Buyers Exempt of Stamp Duty
The Chancellor Alistair Darling has announced today in his first budget that low-income property buyers will not pay stamp duty, if they buy a home through a government sponsored scheme. The Chancellor has revealed low-income home buyers would only have to pay stamp duty once they own 80 per cent or more of the property. …
Underfloor Heating Systems Installation
Underfloor heating systems gently warm your floor tiles and the room air creating natural heat with little variation of temperature in comparison to conventional central heating systems. Underfloor heating is efficient and healthy because the air temperature can be set at much lower levels which also contributes for saving energy. Underfloor heating systems are installed …
Northern Rock to Stop Sub-Prime Mortgages
The bank Northern Rock will stop offering sub-prime mortgages in the first of a predicted sequence of pull-backs ordered by the new “owners” at the Treasury. Ron Sandler, Northern Rock’s new boss, is likely to introduce further measures in order to repay the £25bn emergency loan such as cutting down jobs and reduce the over …
UK Property Market Benefiting from High Profile Overseas Investors
Affluent foreign investors are turning into the UK’s property market, accounting for over nearly a third of London’s high-value property buyers. The UK’s property investment potential is being boosted by increasing worldwide wealth, mainly from East European countries and Russia. Research by property company Frank Knight revealed that 37 per cent of London properties in …