Jeremy Hunt in ‘stretchy mortgage’ proposal
Chancellor Jeremy Hunt could encourage lenders to extend mortgage terms to ease affordability issues, according to reports.
Chancellor Jeremy Hunt could encourage lenders to extend mortgage terms to ease affordability issues, according to reports.
The number of landlords selling up is at a 13-year high following the government’s move to cut Capital Gains Allowance.
The upcoming change to Capital Gains Tax will cost landlords £2,600 more for every property they sell, estate agency Hamptons has calculated.
The government has decided to reduce the Capital Gains Tax exemption, much to the consternation of landlord and estate agency groups.
It’s speculated that Capital Gains Tax could be raised in today’s Autumn Statement, as Chancellor Jeremy Hunt looks to plug the £50 billion fiscal black hole in public finances.
Britain’s property investors could be in the firing line in the upcoming Autumn Statement, as the government considers upping Capital Gains Tax for those passing on homes.
The shakeup, as detailed in the ‘Planning for the Future’ white paper last year, would ask councils to create multi-year plans, dividing land in England into ‘growth’ and ‘protected’ sites.