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BoE cuts rate to record low of 0.1%

VKM Mortgage brokers Cambridge

The Bank of England has slashed the UK base rate to a record low of 0.1 per cent as it attempts to boost the UK economy against the spreading coronavirus crisis. This is the second cut in interest rates in just over a week after the BoE reduced rates from 0.75 per cent to 0.25 per cent […]

Government names and shames building own...

VKM Mortgage Brokers

The Ministry of Housing, Communities and Local Government has published a list of five building owners who have failed to put a plan in place to remove unsafe aluminium composite material (ACM) cladding from high-rise buildings. In January, Housing Secretary Robert Jenrick MP warned he would publicly name companies who were moving at a “slow pace” as […]

Buyers of shoddy new homes given fresh p...

Homebuyers are to be given fresh help with rogue builders and shoddy work by a New Homes Ombudsman. Housebuilders will be obliged to join the ombudsman so all homebuyers can get issues resolved. Developers will be forced to pay compensation for substandard finishes on homes, under the new rules announced by housing secretary Robert Jenrick […]

CGT changes to hit second homeowners and...

VKM Mortgage Broker

Law firm Collyer Bristow has warned that second homeowners and property investors are to be hit by changes to Capital Gains Tax. Homeowners, second homeowners and property investors who cannot rely on the principal private residence relief and sell a property face a tough new Capital Gains Tax (CGT) payment regime from 6 April 2020. […]

UK house prices rise at fastest rate on ...

UK house prices rise at fastest rate on record

2019 general election result provided period of ‘stability’ following Brexit uncertainty UK house prices rose over the last month at the fastest rate on record for the time of the year, as sellers felt more confident about the outlook for the housing market after the general election, according to Rightmove. The average price of properties coming on […]