How to avoid a property chain

A property chain is a sequence of linked house purchases, in which transactions are dependent on one another. For example, Adam wants to buy a property from Beth, but Beth needs to buy from Claire, and so on. If an issue arises within the sequence, it can cause troubles for everyone involved. So you might want to avoid a property chain to make your house buying experience as smooth as possible. Luckily, there are options for you. Let’s take a look at some of them. Move in with friends or family A relatively simple way of avoiding a property chain is More ›

Investing in Buy-to-Let Property: Advice for Aspiring Landlords

Investing in buy-to-let property is still an attractive prospect for many people, despite recent changes in the way buy-to-let investments are taxed. The changes mean that landlords are no longer able to offset all their mortgage interest against their profits – but investing in buy-to-let can still pay off. However, the changes mean that if you do want to enter the buy-to-let market, you need to do things properly if you want to see a return. Here’s our essential advice for anyone considering investing in buy-to-let property. Research the market and know the pitfalls Before you invest, be sure that More ›

Stamp Duty Changes for First-Time Buyers: What Do They Mean?

Chancellor Phillip Hammond announced the Autumn Budget on 22 November 2017, and one of the most talked-about changes was a cut in stamp duty for first-time buyers. But what do the stamp duty changes mean? Stamp duty changes – the facts As part of a range of measures designed to boost home-building, Hammond abolished stamp duty for first-time buyers on all properties up to £300,000 with immediate effect. For properties costing between £300,000 and £500,000, first-time buyers will pay no stamp duty on the first £300,000, but will pay the standard 5% on the remaining amount. For homes costing more More ›