Thrifty Loans

The South Pays Three Times As Much Stamp Duty As The North

Stamp duty has become the ban of the homebuyers’ existence; well, at least, it has become so in the South, as it has been shown that homebuyers in the South are paying over three times more than those in the North. The average stamp duty paid by property buyers in London, the South East, South West [...]

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B&B Could Be In For A Chunk Of Northern Rock

Another potential bidder for Northern Rock has emerged, and it’s Bradford & Bingley. This has to be regarded as a surprise because B&B is a similar beast to Northern Rock, in that they are both building societies that have become mortgage banks. Therefore it was suspected that B&B might eventually have similar problems to those [...]

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New home demand will fall, say Barratts

Britain’s biggest housebuilder, Barratt Developments, has warned that the problems of credit and the crisis at Northern Rock will have a detrimental effect on the demand for new homes, which could prices down. Chief executive Mark Clare said: “Over the last week, since the Northern Rock crisis blew up, we have seen other mortgage lenders become [...]

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New home incentives from Government for green field building

The Government is keen for councils to build new houses; so keen that it is dangling a £500m carrot to those who can help solve the UK’s housing crisis. For others, however, will loom the threat of having to raise councils tax bills if they refuse to sanction building on green fields. Gordon Brown wants to [...]

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