How will the budget affect the property market?
Amidst concerns that Chancellor of the Exchequer, Rishi Sunak, was set to increase tax rates, there have been a number of pleasant surprises in today’s budget. We saw a subtle “fiscal drag” policy with regard to tax allowances and reliefs but no direct increase in...
Stamp duty holiday to be extended?
There is intense speculation that Rishi Sunak, the Chancellor of the Exchequer, is set to announce an extension of the current stamp duty land tax (SDLT) holiday. It would appear that the exemption will be extended to the end of June 2021 amid concerns of weakening...
Nothing but a sticking plaster on the building cladding wound
The UK government is under attack for what many see as a substandard response to the growing problem of unsafe cladding on the side of high rise buildings. The announcement of an additional £3.5 billion, to go with an earlier £1.5 billion commitment, creates a...
Why are private landlords being branded the devil incarnate?
Since the COVID pandemic began, the UK government has thrown literally hundreds of billions of pounds into supporting the economy. From domestic tenants to office tenants, huge conglomerates to small businesses, money has been pouring in. However, private landlords...
UK Property Market Prospects in 2021
As we look towards 2021, we can only speculate what the next 12 months hold for the UK property market. Many people were astounded that Boris Johnson managed to negotiate a last-minute Brexit deal. This has since been voted through parliament in the UK and the...