Thrifty Loans

French inheritance tax changes will benefit Brits

UK owners of French holiday homes will benefit from a change in the country’s inheritance tax laws. The threshold has gone up by 200% from 50,000 Euros to 150,000 Euros per parent per child. Any Brits who own French property will benefit as the country’s tax rules apply to any asset owned in the country even [...]

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Stock market turbulence to affect London housing market

The recent turbulence on the stock market will reach out and affect markets in different ways. It is likely that City personnel will see their annual bonuses cut by as much as 20% this year as a result of the falls in the financial markets. It will mean an end to seven-figure handouts after four [...]

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Average London home now above £300,000

An average London home has now passed £300,000, according to the Halifax. The price of an average home in the capital rose 4.9% in the three months to June, to reach £313,122. The UK’s biggest mortgage lender says this means that the average price is now above the threshold of inheritance tax, and way above [...]

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Middle earners turn to social housing

More and more people are turning to their council in the hope of finding a home in these difficult times for homebuyers. The price of a home, although the rise is reported to be slowing down, has gone way beyond what a lot people can afford, and as a result town halls are being inundated [...]

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