Stamp Duty changes – tune in
From 1 April 2025, Stamp Duty Land Tax (SDLT) rates will revert to pre-September 2022 levels. First-time buyers will start paying SDLT on properties over £300,000, while all other buyers will pay on homes valued above £125,000. It’s important for buyers to factor in these changes when planning a property purchase.
Policy U-turn prompts market upswing
Following a remarkable week of tariff trauma, on Wednesday President Trump took to social media to announce a 90-day pause on most of the tariffs announced last week and a substantial lowering of Reciprocal Tariffs, to be agreed during this period.
“We want to secure the best deal possible for British jobs and British industry”
After a tumultuous time for global markets following his Liberation Day announcement on 2 April, last week President Trump took to social media to reveal a 90-day suspension on most of the tariffs, plus a lowering of reciprocal tariffs. (Updated 17 April)
Kickstart the new tax year with confidence
With proactive tax planning and disciplined habits, you can build a stronger financial foundation and make informed decisions that align with your long-term goals. With the new tax year allowances in place, now is the time to make smart financial decisions.
Spring tips for UK homebuyers
Spring brings more listings and competitive pricing, with 70% of homes listed in February and March completing quickly. Buyers benefit from stable mortgage rates (4.75%) and a wider selection of homes, averaging 51 days to sell. Early preparation, including securing a mortgage agreement, is essential. Researching local prices ensures informed decisions in a competitive market.
One in five UK homes suffer storm damage
Between 2020 and 2024, one in five UK homes suffered storm damage. Extreme weather is increasing, with many households affected. Homeowners are urged to review insurance and take proactive steps, like clearing gutters, to protect against future damage
Data has revealed the most affordable places to live in the UK
Scotland’s Cumnock and England’s Shildon are 2024’s most affordable UK towns. The average home is 3.79x more than the average national household income. Affordability has improved in Southern England, but Beaconsfield remains the priciest area at 12.43 times household earnings
Short-term mortgages – in demand?
Two-year fixed mortgages lead searches at 47.73%, with fixed-rate products accounting for 92.51% of all mortgage searches. Consumers favour shorter terms, likely due to anticipated interest rate reductions. What’s right for you will depend on your personal circumstances and preferences.
Market Update
Trump’s sweeping global tariffs have triggered market turmoil and international backlash, especially from China. While stocks slump, gold hits record highs. Investors are urged to stay focused on long-term goals and avoid reacting emotionally to short-term market noise.