Most people pay Stamp Duty Tax when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak (quickly followed suit by the Welsh and Scottish Governments), announced last July that Stamp Duty was partially being suspended on all English property transactions up to £500,000 (£250,000 in Wales and Scotland) – a Stamp Duty Holiday.
Christmas Eve brought the news that Boris Johnson had conclusively agreed on a Brexit deal for the UK with the European Union. This gave optimism that the economic turmoil of leaving the EU would be radically reduced, yet what will this ‘trade deal’ do to the value of your Hounslow home and the mortgage payments you will have to make?
12 months ago, the unemployment rate in Hounslow stood at 3.5% of the working population, yet with Coronavirus hitting the UK, what impact will this rise in unemployment have on the Hounslow property market?
n the last few months, the Hounslow (and UK) property market has resisted and flouted every economist’s prediction. With the economy a shadow of its former self, unemployment set to hit 11.9%, the Government on track to borrow nearly half a trillion pounds to pay for Coronavirus support packages etc.,
Looking back at the Hounslow property market for 2020, it can certainly be seen as a frenetic game […]
With the banks reducing the number of low deposit mortgages (i.e. deposit of 10% and below) since Covid-19 […]
What will happen to the value of your Hounslow home next year? What will a no deal Brexit […]
With the second lockdown starting on the 5th November 2020, does this mean Hounslow landlords can wave goodbye to their Hounslow buy-to-let investment and see it go up in smoke on the bonfire of buy-to-let dreams, like a Guy Fawkes puppet?