The stamp duty cut for first-time buyers could cost those
purchasing a home more than twice as much as it saves them, a think tank has
claimed. The Resolution Foundation said
the policy will inflate house prices by more than the saving it will deliver
for many buyers. It added that the change will only marginally reduce the time
it takes an average first-time buyer to save up to buy a property – from 19
years to 18.5 years. It also said the rise in house prices that the policy is
likely to cause equates to a £3,200 increase in the cost of an average-price
home – more than double the average £1,600 saving it will deliver. Read more on
the Independent website.
Sadiq Khan: leaseholders in England should have the right to withhold
service charges
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London mayor says residents need a law protecting them from unfair and
unexplained increases in levies by landlords
Leaseholders hit with large and unjus...
5 hours ago
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