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Lawyers ‘unaware of stamp duty change’

Divorce settlements open to challenge as lawyers ‘unaware of stamp duty change’  Olivia Rudgard  30 JUNE 2016 • 9:27AM Thousands of divorce settlements could be left open to appeal because the Government’s new stamp duty surcharge is leaving estranged partners unable to buy their own home following a split. The new rules mean that a […]

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North of England now has lowest house prices in UK

The lowest house prices in the UK are now in the North East of England and Cumbria, according to the Nationwide. Previously Northern Ireland had the cheapest homes in the country. But while prices have been rising in Northern Ireland and Scotland, the North saw prices fall by 1% over the last year. Prices in […]

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Property jargon buster – a glossary of terms

Posted by OnTheMarket.com June 20, 2016 5:00 am  The property world is full of words and expressions that may be unfamiliar to anyone who is not regularly buying, selling, letting or renting a home. This updated guide from OnTheMarket.com will help to shed light on what they all mean. Absent landlord A landlord described as “absent” is one who […]

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Ratings agencies downgrade UK credit rating

The UK has lost its top AAA credit rating from ratings agency S&P following the country’s Brexit vote. S&P said the the referendum result could lead to “a deterioration of the UK’s economic performance, including its large financial services sector”. Rival agency Fitch lowered its rating from AA+ to AA, forecasting an “abrupt slowdown” in […]

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Market pressure eases after Brexit rout

Pressure has eased on UK financial markets after two days of turmoil in the wake of the Brexit vote, with the FTSE 100 share index closing higher. The index ended up 2.64% at 6,140.39, while the FTSE 250 had gained 3.6%. The FTSE 100 lost 5.6% in the previous two trading sessions, while the more UK-focused FTSE 250 […]

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UK interest rate ‘likely to hit zero’

UK interest rates are likely to hit zero in the next six months as the Bank of England moves to shore up the economy after the vote to leave the EU. David Tinsley, UK economist at UBS, said Brexit meant “sharply lower growth, a large drop in the pound, and further easing from the Bank […]

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EU Referendum: Five changes to your finances

An immediate impact on some – but not all – elements of our finances has been felt following the UK’s vote to leave the EU. Some of the changes may well only be temporary but experts say that they should be taken into consideration when making money choices. Further, more fundamental, changes are expected when […]

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Property market hangover continues

A hangover in UK property sales continued in May following a surge in purchases by buy-to-let investors earlier in the year. A total of 84,300 homes were sold in May, latest figures from HM Revenue and Customs (HMRC) show. In March, shortly before the introduction of a 3% stamp duty surcharge on buy-to-let and second […]

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Homes ‘too expensive’ for Help to Buy Isa scheme

Would-be-homeowners in large parts of England are being priced out of a government scheme to help first-time buyers, a BBC investigation has found. The Help to Buy Individual Savings Account (HTB Isa) was introduced last year to help people save for a home. In many areas, the average price of a starter home exceeds the […]

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The pound has made strong gains against the dollar

The pound has jumped in value against the dollar, as traders reassess the likelihood of the UK leaving the European Union. A short while ago, the pound was almost three cents higher against the dollar at $1.4645. The bounce followed several polls over the weekend that suggested a very tight race, but that the Leave […]