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BofE hikes interest rates for the first time in over a decade

Speak to a Solicitor Facebook-f Instagram Twitter Linkedin-in Youtube By Carlin Peton Have you heard about the rise in interest rates for the first time in over a decade? Here at Ackroyd Legal, our expert solicitors are always up to date with the current affairs to provide our clients with the upmost diligent service. Even …

Brexit: What Does This Mean for the UK Property Market?

Speak to a Solicitor Facebook-f Instagram Twitter Linkedin-in Youtube By Carlin Peton Over the past couple of months, Britain’s biggest mortgage lender, Halifax, has said that annual house prices have dropped, and the market is at its weakest rate in the last four years. Surveyors such as RICS have described the political uncertainty caused by …

What Is Stamp Duty Tax and Why Do We Need to Pay It?

Speak to a Solicitor Facebook-f Instagram Twitter Linkedin-in Youtube By Carlin Peton Stamp Duty tax is the property transaction tax. The tax is due to be paid on any property which is purchased at more than £125,000. Historically it was introduced in 1694 to raise funds for the war. Over the years, the tax has …

Panama Papers and the London Property Market

Speak to a Solicitor Facebook-f Instagram Twitter Linkedin-in Youtube By Carlin Peton We have all been following the news on the Panama papers scandal which revealed many of the world’s global elite. According to the Guardian, which had access to the leaked files, this list includes Sheikh Khalifa bin Zayed Al Nahyan, president of the …

Nervousness in London’s super prime & prime property markets

Speak to a Solicitor Facebook-f Instagram Twitter Linkedin-in Youtube By Carlin Peton London is the most desirable global city for the super wealthy, but with property prices reaching record-breaking levels and ongoing tax concerns, what does the future hold for the super-prime sector? According to Oliver Barns super prime market view report 2016, the market …

2016 Budget: A new Individual Savings Account to buy homes

Speak to a Solicitor Facebook-f Instagram Twitter Linkedin-in Youtube By Carlin Peton Chancellor George Osbourne has presented his budget to Parliament and fifth on the list is a new £4,000 lifetime ISA you can use to buy your new home. From April 2017, any adult under 40 will be able to open a new Lifetime …

Majority of London in ‘Half a million zone’

Speak to a Solicitor Facebook-f Instagram Twitter Linkedin-in Youtube By Carlin Peton Property prices reaching beyond half a million pounds have now spread to the majority of London neighbourhoods, according to a new analysis from Ackroyd, in the latest London Hubs Tracker. Property prices break beyond the £500,000 mark across 51% of postcode districts within …

What’s new in the mortgage Market?

Speak to a Solicitor Facebook-f Instagram Twitter Linkedin-in Youtube By Carlin Peton As the Bank of England holds-off raising the interest rate yet again, Ackroyd Legal see how this impacts mortgage rates? Whether you’re borrowing or saving, we’ve been on tenterhooks for months wondering just when the interest rates are going to rise. Before Christmas, …

The Dos and Don’ts of Buying a House at Auction

edit post PROPERTY LAW Exciting news for homebuyers! by Holly Cope 28 September 2022 The dos and dont’s of buying a house at auction Facebook-f Instagram Twitter Linkedin-in Youtube By Emon Ahmed Property auctions are becoming more mainstream as buying a house at auction filters out the lengthy and uncertain buying procedures. According to statistics …