There are also reports of rogue traders attempting to use the green deal to defraud householders. Caerphilly Trading Standards has recently received 17 complaints of people knocking on doors claiming that homeowners were entitled to around £10,000 of funding for free home improvements. The fraudsters then asked for an "administration fee" to undertake various tasks on behalf of the householder. But Tim Keohane, senior trading standards officer in Caerphilly, said that none of the people under investigation was registered under the scheme. … [Read more...] about Green deal debt may have to be repaid before property sold
Government deals for first time buyers
First-time buyers pay nothing on properties below £300,000 (and relief available on properties of up to £500,000) You pay nothing if the property costs below £125,000 You pay 2 per cent if it is worth between £125,001 and £250,000 You pay 5 per cent if between £250,001 and up to £925,000 You pay 10 per cent if it is between £925,001 and £1.5million You pay 12 per cent on anything over £1.5million For second homes or buy to let properties: … [Read more...] about Stamp duty holiday explained: When could it start and how would it work?
He said: “The last stamp duty holiday in 2008/09 had mixed results. Studies showed that it increased transaction volumes by 8 per cent but, significantly, the increase was offset by a substantial downturn when the holiday was withdrawn. … [Read more...] about How a stamp duty holiday would affect the property market and house prices
“Older couples often want to downsize when their children move out and that frees up a big house for a family that is expanding. But it’s no good being able to afford a home if the right one is not for sale.” … [Read more...] about How the Chancellor’s plan to burden stamp duty to sellers could impact your finances