House sellers ‘should pay stamp duty’

Stamp duty should be a tax paid by property sellers, rather than buyers, to assist those trying to buy their first home, a major UK building society has stated. The Yorkshire Building Society said that approximately three-quarters of first-time buyers now had to pay the tax, contrasted with just over 50% in 2006. Many more [...]

One in four British retirees still paying mortgage or other debts

25 per cent of those planning to retire this year will still have a mortgage or other debts to pay off and will, on average, owe about £24,000, according to a new report. The study found the proportion of people who expected to retire while still in debt this year to be at its highest [...]

Remortgage lending in August & September at highest level for seven years

The number of remortgage loans to home-owners reached its highest levels since 2009 in August as borrowers snapped up low loan rates. Some 34,900 loans were taken out for remortgage purposes, marking the highest monthly figure since July 2009, the Council of Mortgage Lenders (CML) said. There were also signs of house purchase activity bouncing [...]

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