Boris Johnson has announced a 5% mortgage deposits plan for first-time buyers to transform “generation rent” into “generation buy”. Speaking at the Conservative Party Conference, he promised that the plan would create 2 million more owner-occupiers in the UK. The pledge was one of a series of ambitious promises in the prime minister’s speech to…
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The Welsh Government has extended the rules which were due to expire at the end of September. Rules meaning landlords in Wales cannot give less than six months notice for evictions will stay in place until 31 March 2021. Therefore, buy-to-let landlords in Wales must now give at least six months notice for evictions until…
The government has further extended the ban on evictions for another 4 weeks to protect the renters affected by Coronavirus. The Ministry of Housing, Communities and Local Government confirmed on Friday 21 August that the suspension of evictions would continue until 20 September. Landlords will also have to give six months’ notice to any tenants…
The property market has reopened now across the UK. Estate agents are conducting in-person house viewings again and buyers are able to move home once more. All UK governments have also temporarily cut stamp duty. This means buyers could potentially save up to £15,000 in tax if they move home before April 2021. The government…