Chancellor Kwasi Kwarteng’s mini-Budget in September brought a flurry of new stamp duty thresholds for first-time buyers (FTBs) on a permanent basis. In addition, stamp duty was eradicated for purchases of land and buildings for commercial or new residential development. Now that the measures have further bedded into
After lenders temporarily pulled products to reprice them due to the falling pound, soaring swap rates and base rate increases last week, Buckinghamshire Building Society head of mortgage sales Claire Askham says “it's hard to see which way this is going to go, how it's going to settle down and start to ease”.
New prime minister Liz Truss and chancellor Kwasi Kwarteng are considering cutting stamp duty, The Times reports. It is believed the cut will be announced this Friday, 23 September, as part of her cabinet’s mini budget. Truss has made no secret of her wish to cut taxes in an effort to stimulate the UK economy, with
The number of dwellings where building work started on site was 51,730 between 1 April and 30 June this year, according to the latest figures from the Department for Levelling Up, Housing & Communities. The latest figure represents a 21% increase compared to the previous quarter and a 15% increase compared to the