Demand from buyers has reduced at the fastest rate in eight years according to the latest report from property surveyors RICs.
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Category Archives: Stamp duty land tax
The surge in buy-to-let investors ahead of the stamp duty tax has helped to increase mortgage lending to a new high in February.
Data from the CML shows remortgage lending for homeowners and buy-to-let market rises significantly by numbers and value for January.
Data from the Halifax shows house prices in the UK have decreased by 1.4% for the month to February although over the years prices remain 9.7% higher.
New stamp duty tax from April has seen a surge of buy-to-let landlords with the increase demand increasing the price of homes.
Landlords of buy-to-let properties must pay much higher stamp duty land tax following the chancellor’s Autumn Statement.
The pace of house price inflation picked up last month and is starting to match earnings growth according to the mortgage lender Nationwide.
The Council for Mortgage Lending (CML) has released new figures showing mortgage lending has reduced over the last four months.
The stamp duty reforms introduced by the chancellor George Osborne are expected to boost house sales by 2-5% says Rics.
The Council for Mortgage Lending (CML) has released new figures showing mortgage lending has reduced over the last four months.