What Changes Are Being Made to Stamp Duty?

From April 1st, significant changes to Stamp Duty Land Tax (SDLT) will take effect, particularly impacting first-time buyers. The nil-rate threshold for first-time buyers will decrease from £425,000 to £300,000, with a 5% rate applying to properties priced between £300,001 and £500,000. Additionally, the maximum property value eligible for first-time […]

Cash Buyers Enjoying Greater Discount

The accelerating property market is enabling cash buyers to secure average discounts of over 13% compared to the prices paid by buyers needing a mortgage, new analysis by MPowered Mortgages reveals. The study of Land Registry records of sales completed in September 2024 found that across Great Britain, cash buyers paid £28,189 […]