Mortgage Payment Holiday extended
As the lockdown continues, UK lenders agree to extend mortgage payment holidays. Up until now, 1.8 million borrowers have taken advantage of the opportunity to take a mortgage payment holiday. The initial period of up to 3 months was due to end on 30 June. However,...
Home movers to be given more time to recover property tax
The Scottish Government propose to extend the time within which property purchasers can recover property tax. If you buy a new home before you sell your existing home, you have to pay a property tax. This tax is called the Additional Dwelling Supplement (ADS). The...
New “First Home Fund” to help first time buyers
The Scottish Government has recently announced new help for first-time buyers. The “First Home Fund” can provide up to £25,000 to help buyers purchase their first home. If you’re a first-time buyer, this fund might be for you. The new fund is available to anyone who...
Property Alterations give rise to Council Tax increase – but only for the new owner!
Did you know that Regional Assessors monitor the Building Control Register? They monitor it to find out about property alterations requiring a Building Warrant. They then decide if the alterations increase the value of the property. If they do, they will increase the...
More first-time buyers rely on the “Bank of Mum & Dad”
A report by the Social Mobility Commission has shown a rise in the number of children who rely on their parents for help to buy their first home. Parental lending of this nature is generally known as the Bank of Mum & Dad! The research also shows that young...
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