Month: December 2015

December Market Commentary

Introduction November brought us the Chancellor’s Autumn Statement and Spending Review in the UK – and rather more tragic events abroad. Friday November 13th saw the massacre in Paris, which was followed by an escalation in the bombing of ISIS in Syria. World stock markets inevitably fell in the wake of the Paris attacks, but […]

The Autumn Statement – local impact on local people

The latest budget pronouncements by the Chancellor in his 2015 Autumn Statement may accelerate increases in local council taxes over the next few years, for both homeowners and businesses. The Chancellor acknowledged the pressure on the social care system and therefore resolved to give local councils the power to increase social care funding through a […]

How does a lifetime mortgage work?

With a lifetime mortgage, you take out a loan secured on your home which does not need to be repaid until you die or go into long-term care. It frees up some of the wealth you have tied up in your home and you can still continue to live there. As with a conventional mortgage, […]

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A hit on the ‘Buy-to-Let’ market from the Autumn Statement

Chancellor George Osborne landed buy-to-let landlords a shock during the Autumn Statement by announcing a 3% stamp duty surcharge on property purchases from 1st April 2016. The addition of a 3% extra charge for buy-to-let and second homes on all stamp duty bands above a £40,000 starting level will see some purchases taking on a […]