Tag: UK housing market
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Conservatives pledge Stamp Duty abolition on primary residences to boost home ownership
Conservatives promise stamp duty abolition for primary residences The Conservative Party has announced a policy to abolish stamp duty on the purchase of primary residences in England and Northern Ireland, a move designed to bolster home ownership and bolster the party’s economic credibility ahead of the next general election. The pledge would see buyers pay…
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Tories pledge to abolish stamp duty on primary residences announced by Kemi Badenoch
Executive summary In a policy-focused speech at the Conservative Party conference, housing and equality minister Kemi Badenoch laid out a bold proposal: abolish stamp duty on primary residences in England and Northern Ireland for purchases over £125,000. The pledge, part of a broader plan to boost the economy, aims to make home ownership more attainable…
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UK Ministers Move to Speed Up Homebuying by Four Weeks with New Proposals
UK ministers unveil plan to speed up homebuying by four weeks Ministers are set to overhaul the housebuying process with reforms aimed at cutting the time it takes to complete a property purchase by about four weeks. The proposals, part of a broader plan to reduce frustrating delays and ‘nasty surprises’, would shift some costs…
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Newcastle Building Society Introduces 98% Mortgage for First-Time Buyers
Introduction to the 98% Mortgage Offering In an effort to support first-time buyers in the UK real estate market, Newcastle Building Society has unveiled its innovative First Step mortgage, allowing borrowers to secure up to 98% of the property price. This ambitious initiative aims to ease the daunting burden of getting on the property ladder,…
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Newcastle Building Society’s 98% Mortgage for First-Time Buyers
Introduction to Newcastle’s 98% Mortgage Offer In a significant move aimed at assisting first-time buyers in the UK, Newcastle Building Society has unveiled its new First Step mortgage, allowing potential homeowners to borrow up to 98% of the property’s value. This initiative addresses the ongoing challenges faced by aspiring homeowners, particularly in the current turbulent…
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UK Lender Launches 98% Mortgage for First-Time Buyers
Introduction to the 98% Mortgage Initiative In a bid to assist first-time buyers in entering the property market, Newcastle Building Society has introduced an innovative mortgage solution that allows borrowers to finance up to 98% of a property’s value. This development is particularly significant given the ongoing challenges faced by new buyers in accumulating sufficient…