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The budget tax change will reduce UK house price growth

Friday 07 August 2015  / Ruth Montia

The Chancellor George Osborne had announced in the Budget last month that tax relief on mortgage interest payments and arrangement fees that incurred when taking out buy to let mortgages would be restricted to the basic rate of income tax, presently 20%....

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Labour MP says ‘No!’ to extend Right To Buy

 / Ruth Montia

The Labour MP for Islington North, Jeremy Corbyn, has said that he would vote to end to all forms of Right To Buy and would support challenging development on the Green Belt.In an interview in Red Brick (left-wing housing blog) the Labour leadership...

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OnTheMarket celebrates!

 / Ruth Montia

The new portal OnTheMarket, which has recently celebrated its six months since its launch, has achieved 5.2m visits in July. They have also attracted more than 2.4m unique visitors in July, which was an increase of 17% on the previous months figure.Ian...

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Changes to Stamp Duty have affected asking prices

Thursday 06 August 2015  / Ruth Montia

The analysis of homes taken by Nationwide on sales six months after the scrapping of the new system on stamp duty has revealed a dramatic change to agents’ and vendors’ asking prices.The Nationwide Building Society study has shown much less clustering...

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Nationwide’s new Price Index Data

 / Ruth Montia

The Nationwide building society have said that since monitoring the last year, there are “tentative signs that annual house price growth may be stabilising close to the pace of earnings growth, which has historically been around four per cent”.UK...