House prices fall but taxman boosts IHT receipts by challenging bereaved families

| September 18, 2012 | 0 Comments

  House prices may be falling but HM Revenue & Customs (HMRC) raised an extra 26pc in inheritance tax (IHT) revenues last year by challenging valuations provided by grieving relatives.Beneficiaries of wills and other bequests each paid an average of £27,227 more tax as a result of property valuations being posthumously queried by HMRC, according […]

Filed Under: Latest Finance News

How gold, shares, deposits and house prices fared five years after Northern Rock

| September 14, 2012 | 0 Comments

Savers, investors, shoppers and homeowners have experienced widely-varying fortunes since the global credit crisis hit Britain five years ago tomorrow with a run on Northern Rock. The former building society failed to weather the storm – indeed, none of those that became banks a decade earlier remains independent today – but one asset class has […]

Filed Under: Latest Finance News

House prices and older homeowners would be hit by tax hike

| September 11, 2012 | 0 Comments

  House prices would be hit and many older people forced to sell family homes by an increase in council tax to “fix the broken housing market”, as proposed by an influential think tank today. Many homeowners might question in what sense the housing market is “broken”, when property is one of the few assets […]

Filed Under: Latest Finance News

House prices increase boosts pensioners’ property wealth

| September 3, 2012 | 0 Comments

House prices increased by more last month than they have done in two-and-a-half years, according to Britain’s biggest building society, while international estate agents claim London leads the way with a near double-digit increase over the last year. While that’s bad news for younger people who would like to escape generation rent and get onto […]

Filed Under: Latest Finance News

House prices fall 60pc below peak for foreign buyers because of sterling’s stealthy devaluation

| August 28, 2012 | 0 Comments

House prices are 60pc cheaper than they were at the peak of the housing market for some foreign buyers today because of the stealthy devaluation of sterling since 2007, according calculations by one of the longest-established firms of international chartered surveyors. Massive discounts created by the weaker pound helped boost an influx of foreign buyers […]

Filed Under: Latest Finance News

Boomerang generation boosted by high house prices, rents and graduate debt

| August 22, 2012 | 0 Comments

High house prices, rising rents and growing graduate debts – coupled with falling or frozen wages for people starting their careers – have created a ‘boomerang generation’ where young adults continue to live with their parents. Britain’s biggest insurer, Aviva, is the latest to examine this social trend today. It claims that nearly three quarters […]

Filed Under: Latest Finance News

Lending spike could end mortgage famine and underpin house prices

| August 20, 2012 | 0 Comments

  A sharp increase in mortgage lending last month, following rate cuts from some of Britain’s biggest banks has prompted speculation about the end of the mortgage famine and fresh support for house prices. The Council of Mortgage Lenders reports that gross mortgage lending in July increased by 8pc over the month before to £12.7bn. […]

Filed Under: Latest Finance News

House prices fall, government prop flops and estate agents blame the weather

| August 15, 2012 | 0 Comments

House prices have slipped lower every month for two years now and the government’s much-trumpeted bid to prop up the market with its NewBuy scheme looks like a flop, even estate agents admit. But, in what may seem like clutching at straws, bad weather gets part of the blame in the latest house price  analysis […]

Filed Under: Latest Finance News

House prices at 50pc discounts in top neighbourhoods: too good to be true?

| July 27, 2012 | 0 Comments

  Discounts of up to 50pc on house prices and flats in some of the smartest locations are available without recourse to government schemes such as Newbuy or shared ownership but by means of the tried-and-tested system of leasehold. Foreign buyers tend to shun the concept of owning the right to remain in a property […]

Filed Under: Latest Finance News

House prices divide the nation between old and young, haves and have-nots

| July 20, 2012 | 0 Comments

  House prices and their resolute refusal to plunge as relentlessly predicted by among others, have become a major source of division between the generations. No wonder, you may say, with most homeowners sitting on tax-free capital gains but many other people excluded from home ownership. High house prices and the mortgage famine have […]

Filed Under: Latest Finance News
Get Adobe Flash player