Property

  • Where is the property market hottest in the current climate?

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    The latest figures from the housing market suggest that the Midlands is currently the hottest area for property, with price rises outstripping even those seen in the traditional hotspots further south. Rightmove’s most recent monthly price index has revealed that the average asking price for a home in the East and West Midlands during March increas...
  • House prices to slump in 2017?

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    Recent figures suggest that house prices are set to slow during 2017. Property prices grew by 5.7% in the year to the end of January, slower than the annual growth of 6.5% in the previous month. In January, the average UK home was valued at £220,260. Whilst prices in the three months to the end of January were higher than in the previous three mont...
  • Taking out a mortgage when retired: what happens if you end up in care?

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    Downsizing during your retirement years is something many people consider. Moving to a smaller property can cut down on maintenance and utility costs and if your new home is cheaper than your current property, you can even raise some cash to save or spend as you like. However, if you’re relocating to a more expensive area then you may need to take...
  • Inheritance tax: the recent changes you need to know about as you plan

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    The changes to inheritance tax that were introduced in the 2015 Budget will soon come into effect, with some becoming the law as early as April 2017. With less than a year to prepare for these changes, it’s important to ensure you know what to expect and that you’re doing everything you need to in order to ensure you aren’t caught out. The biggest...
  • Squeeze on property market starting to slow London boom?

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    Sales of luxury property in London have seen a considerable slump following Chancellor George Osborne’s sharp increase to stamp duty. Property industry observers have given warnings that the situation is becoming more and more harmful to the property market. Douglas & Gordon, an estate agency with particular expertise when it comes to property...
  • Tax Relief changes for individuals who are landlords

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    According to HM Revenue & Customs’ (HMRC) policy paper, ‘Restricting Financial Cost Relief for Individual Landlords’ it’s not just mortgage interest to which the change in tax relief applies. As well as mortgage interest, finance costs include interest on loans to buy furnishings and fees incurred when taking out or repaying mortgages or loans....
  • The Summer Budget implications for ‘Buy-to-Let’ housing

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    A major shake-up of the buy-to-let housing market could be about to take place, after the Chancellor announced plans to change mortgage tax relief for landlords. In his Summer Budget speech, the chancellor said that the relief will be cut to 20%, from 40-45%, in an effort to “level the playing field” between buy-to-let landlords and ordinary house...
  • British Expats in USA – Do you still have any financial assets in the UK?

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    A large majority of British expatriates living in the US tend to have left some form of financial asset back home. This article aims to discuss some of the more common assets that individuals typically leave, or indeed forget about, in the UK and will provide a general outline of how they are viewed and treated once you become a US resident or cit...
  • New home permissions are back to 2008 level

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    Figures released recently in the Home Builders Federation’s (HBF) latest Housing Pipeline report show that planning permissions for 56,647 homes were granted in England in Q2 of this year – the highest number for over six years. The figure maintains the steady increase in total permissions granted in recent quarters and raises the Moving Annual Tot...
  • Video: How to find the best mortgage for you

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    Settling on the perfect mortgage for you and your family can be a difficult task. How do you decide on which of the current offers will benefit you the most? If you go for the lowest interest rate, will you be hit by a raft of expensive fees? In this video we discuss how we help clients to find their perfect mortgage; from identifying the best deal...
  • Homes worth £3 million or more to be hit hardest by proposed ‘Mansion Tax’

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    Those owning properties worth more than £3million will be hit with tax bills starting from £10,000 under a Labour government, according to research by the Institute for Fiscal Studies (IFS). Under the party’s mansion tax plans, homes worth between £2m and £3m would attract around £3,000 in liabilities, but properties worth above £3m will take a far...
  • House buyers count the cost of quick viewings

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    People looking to buy a house in a highly competitive market are spending less time on property viewings and potentially missing out on signs of maintenance issues that could cause them financial pain down the line, according to new research from Aviva. Home buyers in the past year spent on average just over half an hour in total looking round a pr...
  • Announcing the Complete Property Investment

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    Alexander Beard Group are today delighted to announce a new service designed specifically for UK expatriates who want an easy way to invest in property back in the UK. Our specially designed Complete Property Investment Service contains all of the elements required to make investing in a property in the UK as simple as possible, so you can get on w...
  • Video: Explaining Inheritance Tax

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    When it comes to passing on your estate to your family, did you know that anything over the current limit of £325,000 is subject to a 40% Inheritance Tax? That might sound like a large number but with rising property prices and a recovering economy, more people than ever are being caught out. In the video below, we explain what Inheritance Tax can...
  • Will the new mortgage rules affect what can be borrowed?

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    Under new changes to the mortgage market, lenders will have to ask you, as the borrower, detailed questions about your spending. They will take into account any expenditure to which you are already committed and will need to know about credit card and loan repayments, hire purchase agreements and child maintenance or alimony payments. You will be...