Liz Truss cuts stamp duty as mini budget is announced

In a move that some property experts are branding ‘well overdue’, Prime Minister Liz Truss announced a cut to stamp duty property tax as part of the mini budget announced on September 23rd. Chancellor Kwasi Kwarteng announced a variation of new stamp duty thresholds on a permanent basis, with stamp duty set to be eradicated entirely for purchases of land buildings for commercial or new residential development. These announcements came alongside a string of other tax cuts as the new chancellor attempts to boost economic growth in the UK.

Continue ReadingLiz Truss cuts stamp duty as mini budget is announced

Protecting your mind

With World Mental Health Day having recently passed on October 10th, what better time could there be for each of us to take a moment to assess how we’re feeling. There’s no hiding the fact that we are currently living in uncertain and unpredictable times, and feeling stressed, anxious and overwhelmed is hardly uncommon at the moment as the cost-of-living crisis looms overhead. It’s so important to be aware of your own mental health so that you can know how to take care of yourself. So, what happens if it all gets too much? How do you protect your income and your livelihood if you need to take some time to look after yourself? We take a look at the options available to you.

Continue ReadingProtecting your mind

Help to Buy deadline draws near

The Government’s Help to Buy scheme is coming to a close and the deadline for new applications is 31st October this year. All applications for purchasing properties through the Help to Buy scheme must be submitted before the October deadline – and only properties that will be build-complete by 31st December 2022 will be eligible for the scheme. There is no guarantee that Homes England will honour the 20% Equity Loan if the building is completed next year, so it is so important to ensure your home will be building-complete before the turn of the year.

Continue ReadingHelp to Buy deadline draws near