There’s still a lot of uncertainty surrounding the EU Referendum result. Guy Vaughan, senior valuer at Love Your Postcode explores the aftermath of Brexit on the property market.
Following Brexit, the Bank of England decided to keep the interest rate a 0.5 per cent, indicating the economy and the UK property market is stronger than expected.
“After a roller coaster ride, we now know the outcome: Britain is set to leave the European Union. So how will this momentous decision affect UK property? Let’s look at the underlying factors:”
Finding tenants, sorting contracts, making sure everything complies with the latest legislation. Let’s face it, being a landlord is anything but simple.
If you’ve just purchased your first buy-to-let property then, chances are, you’re already well aware of this having successfully navigated the complicated world of buy-to-let mortgages and stamp duty. But for those that have been catapulted into being a landlord, falling into the position somewhat accidentally, knowing where to begin can be a complete headache, full of bewildering lingo and complicated processes.
Solihull is one of the most desired places to live, not only in Birmingham, but in the whole country. In 2015, it was one of the towns outside London with the biggest house price rises. The average property in the region increased its worth by around £95 a day over the last year. Continue reading
The number of luxury properties in Birmingham and the West Midlands is set to more than double during house price boom, in the next 15 years. Continue reading
According to a recent research, in 2015 the home prices rose almost £30,000, whereas the average salary in the UK was £2,000 below that figure. This fact means good news for those who were thinking of an equity release. Continue reading
Stamp Duty is a tax that everyone that purchases freehold, leasehold or a shared ownership property over £125,000 in England, Wales and Northern Ireland has to pay. Last autumn, Chancellor George Osbourne announced a possible increase of a 3% on all stamp duty. In this article we analyse how this change might affect homebuyers and tenants. Continue reading
This is a part of a huge development in Digbeth and will be Birmingham’s tallest office block (the third-tallest building, after the BT Tower and Radisson Blu hotel). Work will begin within a month after city planners’ approval and it will cost £200m.
The planning committee unanimously supported the plans for the 30 storey building situated in the Beorma Quarter and welcomed it as a key regeneration project for Digbeth and Birmingham. Continue reading