The Government is on track to borrow £400bn because of Coronavirus and that needs to be paid back at some stage. Last year alone, before Coronavirus, the Government brought in £824 billion in taxes whilst they spent £887 billion, meaning they had to borrow £63 billion. In fact, the last time taxes were higher than…
March deadline is only few months away, what can you do to complete on property in time?
Are you planning to buy a property and benefit from Stamp Duty Holiday but you are left feeling frustrated now that coronavirus measures have ground the housing market to a temporary halt? Take advantage of the stamp…
On the 8th of July 2020, the Chancellor announced the first £500,000 of any property bought was exempt from Stamp Duty until 31st March 2021. This also included buy to let landlords (although they would still need to pay the additional 3% stamp duty level for second properties). Talking to many of you Brixton homeowners,…
Going into lockdown in March, the Government proclaimed a ban on tenant evictions, pledging that no tenant in a privately rented home, who had lost their wages due to Covid-19 would be kicked out of their private rented home until the late summer. Fast forward to August and the press were being briefed as late…
Brixton Property Market
What is going to happen to Stamp Duty on the 11th March and how will affect the value of your Brixton Property?
3% additional Stamp Duty surcharge on non-UK resident buyers?
Some are asking if Sunak will impose what was promised with the 3% additional Stamp Duty surcharge on non-UK…
That number surprised you didn’t it? With the General Election done, I thought it time to reflect on renting in the manifestos and party-political broadcasts and ask why?
As the best way to tell the future is to look at to the past, so we decided to look at the number of…
Over the past five years, the thumbscrews on the buy to let market for British (and de facto) Brixton investors have slowly turned with new barriers and challenges for buy to let investors. With the change in taxation rules on mortgage relief starting to bite plus a swathe of over 320…
Brixton Property Market Update Summer 2019
With record low interest rates at 0.75%, low unemployment rates of 3.8%, and decent mortgage availability, Brixton buyers have a lot going in their favour, aside from the perceived political uncertainty. Even those with low deposits – there were 224 mortgage deals available on the day…
41.1% of Brixton OAP’s own their own home … and they are worth £581.3m
Yes, that number is staggering isn’t it ….
Of the 2,708 households in Brixton where the head of the household is 65 years or older, an astounding 1,113 (or 41.1%) of those are owned, which is far below the national average…
In 1979, more than 4 in 10 British people lived in a council house, yet today that figure is only 1 in 12!
According to Shelter 65% of families on the Council House waiting lists had been on those lists for more than a year and 27% had been waiting for more…
