Construction

Help to Buy frequently asked questions

Can I buy a home off plan? Yes, you are able to reserve a new home off plan at any time. However, you cannot exchange contracts before six months to legal completion of the sale. You also need to ensure that your mortgage offer is valid through to legal completion. Will I have to pay Stamp Duty? The Government’s standard rules and procedures for Stamp Duty Land Tax (SDLT) apply to all Help to Buy...

Affluent millennials targeted by UK property

Spotting a chance to generate income, institutional investors such as pension funds have taken to developing blocks of professionally run rental homes across the UK to compete with the part-time landlords who have traditionally dominated the country’s £1tn rental sector. While politicians have broadly welcomed the prospect of greater institutional ownership in the private rental market, other people...

Building more homes will not solve Britain’s housing crisis

Building more homes will not solve Britain’s housing crisis

Everyone – from the government, to housing charities, to housebuilders – has bought into the conventional wisdom that the dysfunction that racks our housing market is a matter of demand and supply. We’re not building enough houses, so house prices have been sent rocketing, taking home-ownership out of reach for growing numbers of young people. But in reality, our housing problems are not a simple...

Leaseholds on new-build houses to be banned

Leaseholds on new-build houses to be banned

Builders are to be banned by the government from selling houses as leasehold in England and ground rents on flats could be cut to zero following widespread outrage over exploitative contracts. In a blow for major housebuilders such as Taylor Wimpey and Persimmon, the communities secretary, Sajid Javid, will set out plans on Tuesday to “ban new-build houses being sold as leasehold as well as...

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