How wealth is distributed will always be a contentious issue, especially as the Baby Boomers (those aged between their late 50’s and late 70’s) wealth has grown exponentially over the last 20 years, compared to the wealth of the younger generation. With most UK property in the hands of the older generation, with its total […]
NEWS
Over the last six months, the Chorley Property Market has been flourishing. As soon as an estate agent’s ‘For Sale’ flag went up, neighbours would be checking out Rightmove to see the internal pictures and compare the asking price to their own home (go on … admit you do that too – every Chorley homeowner […]
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With most local families home schooling their children in lockdown and the forthcoming Stamp Duty Holiday deadline on the 31st March 2021, less local properties have been coming onto the Chorley property market since the New Year. This has prompted a 9% drop in the supply of local homes for sale compared to September 2020. […]
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Most people pay Stamp Duty Tax when they buy a property, house, apartment or other land and buildings over a particular price in the UK. The Chancellor, Rishi Sunak (quickly followed suit by the Welsh and Scottish Governments), announced last July that Stamp Duty was partially being suspended on all English property transactions up to £500,000 […]
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Making the decision to sell your home and move is a big one. Whatever the reason whether it’s downsizing, needing more space, wanting a better neighbourhood or to be closer to excellent schools it’s life changing. Once you’ve made the decision to move you have another big question to address. How do I sell my […]
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Christmas Eve brought the news that Boris Johnson had conclusively agreed on a Brexit deal for the UK with the European Union. This gave optimism that the economic turmoil of leaving the EU would be radically reduced, yet what will this ‘trade deal’ do to the value of your Chorley home and the mortgage payments you […]
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If you’ve been thinking about buying a house in or around Chorley, you’ll be thinking about how many bedrooms you need, what size the garden is or if it’s in the right school catchment area and does it have a garage? Moving can be a stressful time, even if you are excited about the important […]
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Roll the clock back to April 2020, and major financial economists and property market commenters were sounding the alarm. The very best-case scenario was a 5% drop in property values by the end of the year, and most were in the 10% to 15% range. They forewarned the Covid-19 stimulated recession would trim tens of […]
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In this two-minute read, we unwrap the staggering statistics and reasons which make Boxing Day more than just a time for food, family and friends. Picture the scene – It’s the afternoon after the night before. It’s Boxing Day! The presents are all open, the wrapping all recycled, visitors entertained and time for a bit […]
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Yet, if the proposals were adopted in full, some Chorley buy to let landlords would pay £7,000 less Capital Gains Tax than they would currently The government borrowed £394bn this financial year (April ‘20 to April ‘21). This figure does not include the cost of November lockdowns and support measures, which means the final bill […]
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