Navigating the property market can be tricky, especially with all the jargon. Whether you’re new to buying a home or a seasoned homeowner, it’s important to understand key terms like freehold and leasehold. Here’s our straightforward guide to these two types of property ownership. What is Freehold? With a freehold property, you own both... View...
September often brings us those last glimpses of summer, and it’s not just the weather that’s bright – so is the UK property market. According to Rightmove, the number of sales agreed this summer was 15% higher than the same period last year, signaling a strong market. Here’s why now is an ideal time to... View...
If you are looking for activities to keep your kids occupied this February half-term, then the Nottingham City Council website, asklion.co.uk has listed a number of events that are going on in different parts of Nottinghamshire. The Nottingham Festival of Science and Curiosity is running from the 5th to the 16th February with a whole... View...
The Bank of England has indicated a potential reduction in interest rates, following its projection that inflation is likely to dip below 2% in the coming months. This forecast comes even though the Bank has maintained the current borrowing rate at 5.25% for the fourth time in a row. The decision to keep the interest... View...
Significant shifts are underway as leading lenders opting to lower their interest rates. Nationwide Building Society recently announced a dramatic reduction in its interest rates, with cuts reaching up to 0.81 percentage points. This adjustment has brought its most economical offer down to 3.84%, the lowest in the past 8 months. This move by Nationwide... View...
In the past, fireplaces were the main source of heating in homes, so many older properties have them in the bedrooms. These days, many of those old fireplaces are sadly out of action and when people move into the home, they don’t really know what to do with them. However, they don’t need to... View...
As we say goodbye to the last few Christmas events, we welcome 2024 with open arms and excitement for all the great entertainment and activities to come. Check out our top picks for January below, and join us in making the most of this year! There’s plenty of talent to kick off the year,... View...
This Christmas, the name of your street could be the gift that keeps on giving, with festive street names having a surprising impact on property value. But from Rudolph Street to Tinsel Lane, which festive street names are impacting property value the most? Keen to find out, the experts at chartered surveyors, Stokemont, compared house... View...
£
You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property. SDLT only applies to properties over £250,000. There are three rates of stamp duty for residential property, with a standard rate for people who own one property, a surcharge for those who own multiple properties and a relief element for first time buyers.
For more information visit the .Gov website HERE
