Think-Tank says abolish stamp duty
July 16, 2007 | Leave a Comment
It is possibly the tax that is the most disliked of all. At a time when interest rates are going up and the price of houses has almost gone off the scale for many people, if buyers do manage to find a house they like within their budget and they find a mortgage to suit, they are than hit by stamp duty.
Base rate increase means higher mortgages and savings rates
July 13, 2007 | Leave a Comment
Last week the Bank of England increased its base rate by a quarter of a percent, to 5.75%. With twenty-four hours some providers had announced changes to their mortgages, and this week the banks and building societies will begin to change their rates to keep up. No doubt the cost of borrowing will go up first – within days – and savings rates will follow on – probably at the beginning of August.
London housing boom not over yet
July 12, 2007 | Leave a Comment
Talk is changing from a discussion of London’s booming property prices to a nervousness about whether the slowdown in house prices will lead to a market collapse.
Tesco offers property sale services
July 11, 2007 | Leave a Comment
Tesco has joined the property market with an offer to sell property for homeowners at a bargain price of just £199.
Rate rise looks inevitable
July 10, 2007 | Leave a Comment
The Bank of England is coming under further pressure to raise interest rates this week.