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Lifetime ISA

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THE LIFETIME ISA George Osbourne’s March budget unveiled the proposed Lifetime ISA (LISA) to be rolled out in April 2017. “…25% bonus contribution from the UK Government…” Much like the Help-to-Buy ISA currently on...

Help to Buy ISA

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The 2015 budget saw the launch of this initiative to help first time buyers.  Savings of up to £200pm will be topped up by the government by 25% with a cap of £3000. Further information is available on the Gov.UK website : Help to Buy: ISA...

SDLT Changes

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A major reform of Stamp Duty Land Tax was announced in the Autumn statement. As a result 98% of residential property buyers will see a welcome saving whilst only those paying over £937,000 will see an increase in SDLT. Each rate will be paid only on...

Land Registry Fees Reduced by 50%

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From 17 th March 2014 the Land Registry fees will be reduced by 50% for certain applications delivered by electronic means, these include:  the fee payable by the purchaser on registering a transfer of the whole of a registered title; the fee on...

Need Help to Buy a New Build...?

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Help To Buy – Phase 1 – New Build Phase 1 of the government’s Help to Buy scheme is the “Equity Loan” which is available for new build properties only.    In effect it is a shared ownership mortgage.  The...

Help to Buy 2 : Mortgage Guarantee Launch

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Help To Buy – Phase 2 – The Mortgage Guarantee One of the biggest obstacles to owning your own home is that of raising the deposit and not everyone can rely on family to help!  Things will be a bit easier from today as the second phase of...

Mortgage Shortfall Fears

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Mortgage Shortfall Fears The new Financial Conduct Authority has suggested that approximately 2.6 million people will not have saved enough money by the time their interest only mortgages mature to repay them with the average shortfall being in the region...

Company Secretaries...

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… should be aware of changes to the registration of charges at Companies House. New regulations came into effect, on 6th April 2013, governing the registration at Companies House of security given by Companies and by Limited Liability Partnerships....

Unlocking the Value in Your Home

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The term ‘capital rich, income poor’ describes the position of many people in their later years.  There is value locked up in the home but there is little income and little in the way of savings.For many people their most valuable asset is...

Equity Release to Pay For Care

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It is being widely reported that consideration is being given to the controversial step of forcing pensionsers to remortgage their homes to pay for personal care. The Dilnot Commission reported in July this year – see news item on  ‘Long...

Mortgage Market Review

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At the FSA public meeting on 23rd June Hector Sants, the Chief Executive, announced the delay of the Mortgage Market Review (‘MMR’): “… the principal issue that MMR is looking to address is the generally agreed failing in the...