First Time Buyers

First Time Buyers now pay less or no tax if all purchasers are First Time Buyers and the purchase price of the property is £500,000 or less.

Since 1st July 2021, the current Stamp Duty Land Tax (SDLT) threshold has gone down to £250,000. Although the bigger savings before this date have now been reduced, there is still an opportunity to save up to £2,500 on SDLT before it returns to its regular threshold rate of £125,000 from 1st October 2021.

What has gone unnoticed by most commentators is the change that affects First Time Buyers, which also came into effect from 1st July. Since that date, First Time Buyers now pay less or no tax if all purchasers are First Time Buyers and the purchase price of the property is £500,000 or less.

First Time Buyers are exempt from SDLT for the first £300,000, but since 1st July, they now pay a reduced rate of 5% on purchase prices above £300,000 and up to, and including, £500,000. So, if you’re a First Time Buyer, but were unfortunate to miss out on the 30th June deadline, there are still longer-term savings to be made, as these will continue for First Time Buyers after the SDLT returns to its £125,000 threshold from 1st October 2021 for all other buyers.

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According to the latest surveys, buying a home is majorly influenced by ‘love at first sight’. One in two buyers decide after the first visit and don’t need another one to make a bid on a home.

How to use the front of your home to its best advantage

Photo source: https://bit.ly/2Assr33

  1. Add a splash of colour
  2. Get floral
  3. Light it up
  4. Improve your curb appeal
  5. Add accessories to your door
  6. Maintain your garden
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Freelancer or just working remotely? Either way, if your home is your office, you might want to check out if your home is a efficiency boosting environment.

Source:

Six features your house needs if you work from home

  1. The office – an area created especially for working, close to Wifi, away from distractions.
  2. Additional working areas – maybe you can work from the couch, too. But how do you manage to ignore the TV?
  3. Temperature control.
  4. Natural light.
  5. Visible greenery.
  6. Open space.

Here are some available offers that comply with these working ‘standards’!

Photo source: https://bit.ly/2PGgf3A

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A good first impression is always a long term benefit, but can it actually be a short-term win. And by ‘win’ we mean a sell! 🙂

Our experience says ‘Yes’ and we’re giving you one extra tip:

make sure the bathroom of the selling property is very clean and in the trends!

Here are some good aspects to consider improving in the bathroom:

Contemporary Bathroom Design: Elegance is Always in Vogue

Ready to make the necessary changes?

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Investment property is real estate property that has been purchased with the intention of earning a return on the investment, either through rental income, the future resale of the property or both.

Source: Investment Property – Investopedia

Buy-to-let is usually a secure source of income. We recommend it seldom to first-time investors in real estate looking for monthly income.

It can come to situations when rental costs are much higher then revenues and renting is not much of a solution for the investors. We found some indicators that can signalize this point in a buy-to-let property’s life.

Signs it’s time to sell your investment property

However, the good part is that an investment property rarely becomes a lose-business. When renting is not creating the profit wished for, you can always sell it for the right price.

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When you step into a house there is naturally one room which buyers gravitate towards. The important question is, which room convinces you to buy? If you’re looking to sell your home it is useful to know which room to prioritise for open houses, images of the property or facts about your home.

Read more in this article on guildproperty.co.uk:

Which room convinces you to buy?

Photo souce: https://bit.ly/2McAlVL

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