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‘Foreign stamp duty surcharge will cause inflation’

‘Foreign stamp duty surcharge will cause inflation’

The 2% stamp duty surcharge affecting non-residents will seriously impact developers and may cause inflation, tax and advisory firm Blick Rothenberg has warned. The surcharge will come into force in April 2021 in England and Northern Ireland. Sean Randall, a partner...

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New tenancies fall by almost a third during lockdown

New tenancies fall by almost a third during lockdown

The lockdown caused a marked decrease in the number of new tenancies between March and May – as they fell by 21% year-on-year to 61,972. On 26 March The Health Protection (Coronavirus, Restrictions) (England) Regulations 2020 was published, which imposed new...

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Toronto records busy September

Toronto records busy September

September was a busy month for home sales in the Greater Toronto Area, as detached home sales increased by 28% year-on-year. The median home price for detached properties in the City of Toronto for September 2020 was $1,185,000 (£689,457). There was also a 7% rise in...

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Equity available in UK homes soars to £600bn

Equity available in UK homes soars to £600bn

There was almost £600bn of equity available for release in UK homes in Q3 2020, an increase of £100bn from Q2, analysis from Canada Life has revealed. The figures, based on the latest Halifax quarterly Regional House Price Index, reveal that the total amount of...

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Landbay refreshes buy-to-let range

Landbay refreshes buy-to-let range

Specialist buy-to-let lender Landbay has refreshed its core product range.The lender has introduced a free valuation on its 5-year fixed rate mortgage to 75% LTV, and reduced the rate from 3.69% to 3.65%. Title indemnity insurance is also offered across its...

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Residential transactions up 21.3% month-on-month

Residential transactions up 21.3% month-on-month

Property transactions increased by 21.3% from August to September, HMRC statistics show.Following the rise they are slightly lower (0.7%) than September last year.Alan Cleary, managing director for mortgages at OneSavings Bank, said: “Housing transactions continued to...

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