Looking for something different to do this bank holiday? Well, May is Local and Community History month and now is the perfect time to get out about and explore the history on your doorstep. You don’t even have to leave the Gedling Borough! Take a read of our ideas for places to visit which mean... View...
Earth Day is the perfect time to take a look around your home and see if there are any changes you can make to make it more green. Saving water and energy Do you still leave lights on when you leave rooms? Is your hot water heater set to the maximum temperature?... View...
It’s that time of year when pollen can play havoc with our health, stuffy nose, watery or itchy eyes, a scratchy throat, but it’s not only pollen that can be a nightmare if you have allergies. There can be allergens in the home. You can be allergic to many things, but airborne allergies are the... View...
Whether you’re buying or selling a property, there are some myths about High Street Estate Agents you’re likely to have heard. We’ve come across them all in our time. In this post we thought we’d take a look at the 3 myths about Estate Agents that are most common and explain why here at... View...
For most of us, the most expensive thing that we ever purchase will be a property, and the prospect of saving for that all-important deposit can be rather daunting. However, the key to saving for that lump sum is simply good financial preparation and making a few changes to your outgoings which should reap big... View...
As a Landlord you will have no doubt have heard the phrase ‘wear and tear’ at some point when it comes to property condition, but what does it mean and how do we determine what damage falls within this definition? Everything in a house has a lifespan, and this normal deterioration is a Landlord’s responsibility... View...
Recent legislative changes mean that tenancy deposits are now capped at an amount equal to 5-weeks’ rent. Whilst this is usually enough to deal with most end-of-tenancy issues, some Landlords may wish to have additional cover. We have recently teamed up with Reposit in order to offer an alternative for traditional deposits. If you opt-in... View...
We let you know in January that all tenancy deposits that exceed the equivalent of five weeks of the property’s current rent will need to be revised, in line with the second stage of the Tenant Fees Act which comes into force in June 2020. We are currently checking each deposit against the Tenancy Deposit... View...
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There are three rates of stamp duty land tax which could be applicable to the purchase of a property and are dependent on your circumstances.
If you are a first time buyer, then there no stamp duty to be paid on the first £300,000 of the purchase price of a property valued below £500,000.
If you are buying a property as a second home or investment, or you are retaining your current property whilst purchasing a new principal residence, you will be liable for a stamp duty surcharge of 3%. In the latter circumstance, the stamp duty surcharge payment is refundable if the property you have retained is sold within three years of your purchase date.
For more information, please visit: Money Advice Service
