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Category Archives: Buy to let

Chorley Property News – Are We Heading Towards a House Price Crash?

Local house prices rose by 1.0% last month, according to the Land Registry. This means the annual rate of house price growth in Chorley has increased to 11.7%. Looking at the national figures, many people were concerned the UK property market was overheating as spring saw annual growth of 9.9%, the highest rate of house price growth documented […]

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Chorley Property Blog – How Eco-friendly are Chorley Homes?

And how new Gov’t rules will mean draughty low-eco homes will drop in value ‘It’s Not Easy Being Green’ Yet now being green is a normal way of life for most of us. Walking or cycling places instead of taking the car, recycling and even shunning meat are some of the things most Chorley households […]

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Chorley Property Blog: Chorley Buy-to-Let Property Market Going into Crisis?

…as first-time buyers now only need a 5% deposit for a mortgage. Landlords, sell your property portfolios, your tenants will soon be leaving in droves as they buy their first home with the new 5% deposit mortgages backed by the Government’s new mortgage-guarantee scheme revealed in March’s budget! These 95% mortgages are to be supported […]

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Chorley Property News: First-Time Buyers Can Now Buy Using 5% Deposit Mortgages

Yet higher mortgage rates could see Chorley buyers paying a lot more each month for the privilege Being a first-time buyer in the last 12 months has not been an easy thing. Just before lockdown there were 400 ‘5% deposit mortgage’ deals and first-time buyers were able shop around to get the best deal. When […]

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Chorley Property Market Blog: Is it Time to Stamp Out Stamp Duty?

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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Chorley Property Blog – How Will the Brexit Deal Affect Chorley House Prices and Your Mortgage Payments?

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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Chorley property blog – No Deal Brexit – The Prediction for Chorley House Prices

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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Why Boxing Day is Brilliant for Savvy Home Sellers…

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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Chorley Property Blog – Chorley Second Homeowners and Landlords will Probably Save Money from the Proposed New Capital Gains Tax changes

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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Chorley Property Blog: As Chorley First-time Buyers are Being Locked Out of the Chorley Property Market – Rents Have Risen by 5.2%

With the banks reducing the number of low deposit mortgages (i.e. deposit of 10% and below) since Covid-19 hit in the spring, this has meant that the number of local first-time buyers has been decreasing quickly, meaning many of those would-be buyers wanting to make the first step on the Chorley property ladder are having to stay […]

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