Pressure on government over stamp duty. An influential group of MP’s are putting pressure on the government to raise the threshold for stamp duty even further. The Conservative Growth Group calls it an unfair tax and calls for it to be scrapped for most occupied homes but not second homes and investment purchases. Stamp duty currently starts at £250,000 for all buyers except first time buyers where it starts at £425,000. This means that first time buyers in this area are already unlikely to pay stamp duty.
Holidays in the UK? It’s that time of year again when we start thinking about our holidays in the spring and summer months to come. With an ever increasing desire to holiday in the UK rather than travel abroad, we sell many properties of all types to buyers looking for either a holiday home for themselves or a property to let out in the popular short term holiday letting market. We offer a diverse range of properties suitable for holiday use. From rural cottages, to holiday restricted bungalows and holiday chalets. Some for as little as around £30,000. If you are thinking of purchasing a holiday home in East Norfolk or North East Suffolk give us a call today!
Inflation falls to lowest level since summer 2022. Better inflation news today with the overall rate dropping to 8.7%. Still very high relatively but heading in the right direction. The government want to half inflation by the end of the year (5%) and some forecasts predict it may even be 3% by Christmas. Falling inflation should probably mean the cycle of interest rate rises we are seeing should be drawing to a close giving a clearer outlook to the housing market moving forward.
Introducing Michael Adderley – Joining the team in our Lowestoft office. A warm welcome to Michael who has joined us and is working out of our Lowestoft office. Michael is new to estate agency and is joining after a career in hospitality. Although still a trainee Michael has already been engaging with our customers in the short time he has been with us. He has really taken to carrying out viewings securing an offer on his first one! Everyone at Aldreds is delighted to have Michael with us!
100% Mortgages are back! In an amazing development for first time buyers, Skipton have announced that they will offer 100% mortgages. Applicants must be first time buyers and have been renting a property and paying household bills 12 months of the last 18 months. There are other criteria to meet as well We can introduce you to mortgage advisors who can advise you on this product. If you are a first time buyer in rented accommodation looking to buy your first house call us now! 01493 664600/844891 or 01502 565432