On Wednesday, chancellor Rishi Sunak announced an increase in of £500,000 in the threshold for property stamp duty relief in England and Northern Ireland. The general reaction to the news among the mortgage industry was positive, with the hope that the decision will get the market moving quickly after months of struggles amid the Coronavirus…
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Cambridge University has announced plans to go online for the academic year 2020-2021. They have decided to suspend in-person lectures for the 2020/2021 academic year. The university has also confirmed that its smaller group teaching will continue to be in person. The plans risking significant impact on HMO landlord and investor. HMO’ stands for ‘house…
The FCA has extended mortgage payment holidays further for three more months. The customers struggling to pay their mortgage due to coronavirus will be able to extend their payment holidays for three more months or start making reduced payments, the financial regulator has confirmed today. The firms will give support to mortgage customers who are…
UK residential property transactions in April hit their lowest monthly level since comparable records began in 2005, new figures showed on Thursday. There were 38,060 transactions in April, according to provisional numbers from HM Revenue and Customs (HMRC). This was less than half the level seen in the same month last year, the BBC reported….