Chesham flats best value for mortgage hunters, study shows - Published:12/09/07
Britons will find that they get the best value for money by taking out a mortgage on a flat in Chesham, Buckinghamshire, according to a new studyThe survey, which was conducted by mortgage lender Halifax, revealed that the municipality offers the best value among all similarly-sized locations where the standard flat cost is below £150,000, while it also came sixth in a recent "best place to exist" studyHowever, for those looking to take out a mortgage on a terraced house rather than a level, Stowmarket in Suffolk is the bank's top option, being the 17th best place to live and an average cost of £133,331 for properties of this natureThe mortgage corporation explained its methods: "Halifax has measured value for money by examining home prices in 549 post towns and then ranked them according to the Halifax Quality of Life Index"However, recent research from a man mortgage provider, Principality, indicated that first-time buyers are stressed in Wales, following the Bank of England's recent choice to raise the base rate of interest by one quart-point to 575 per centChesham flats most excellent worth for mortgage hunters, study showsNone of the information on this website is intended to promote any exact mortgage product.
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Five in six pay stamp duty - Published:23/05/07
Five out of six homebuyers are forced to pay a massive bill for stamp duty when they purchase a possessions, research reveals todayA typical buyer has to split out about £2,220 before meeting any of the other expenses involved in the expensive processChancellor Gordon Brown has greater than before the rate at which stamp duty is charged four times, creation it a extremely lucrative tax for Labour since the party came to power in 1997Due to Mr chocolate's changes to the system, 71% paid it in 2004/05 before the lower doorsill was finally increased from £60,000 to £120,000 in March 2005 next strong criticismAlthough the number of buyers paying stamp duty fell to 55% in 2005/06, the duty still raked in £46bnAnd information from property website Rightmove, which published the research, show that the increase in the lower doorsill is fast becoming irrelevant because house prices are increasing so quicklyExperts said stamp duty - which most homebuyers used to be safe from paying - is now 'a tax on the ample, not just the rich few'It comes as house prices continue to go up well ahead of inflation The average asking price for a house in England and Wales jumped by 124% over the last year to a record £222,333, and is up almost £3,400 in the last monthIn the London borough of Kensington and Chelsea, prices have jumped 55% to an average of more than £1m for the first timeRightmove's investigate shows how stamp duty is hitting additional and additional homebuyers as prices keep on risingBefore Mr Brown became Chancellor, trample duty was charged at 1% on all properties over £60,000 It is now emotional at 1% on homes between £125,000 and £250,000, 3% between £250,001 and £500,000 and 4% over £500,001Rightmove examined the prices of almost 157,000 properties advertised for sale by land agents over the last month, roughly 75% of the marketplace Only 17% were available for less than £125,000, the level at which stamp responsibility begins to be chargedThis means nearly five out of six homebuyers will have to pay stamp responsibility The Chancellor's stamp responsibility trap has caught 26m homes in the past nine years, according to Halifax, Britain's main mortgage lenderNearly one in five houses and flats in England is now worth at least £250,000, the height above which the responsibility is charged at three%Miles Shipside, commercial director of Rightmove, said: 'This is obvious evidence that stamp duty is a tax on the ample, not just the affluent few 'Just 2% of London's property store falls below the starting band of £125,000'Figures from the committee of Mortgage Lenders make known that the majority of homebuyers are now paying stamp responsibility They show that 55% of first-time buyers and 86% of home-movers who took out a mortgage salaried the tax in SeptemberStamp duty is likely to catch even more populace over the next year, according to predictions for the property marketLondon and the South-East leaving up 15% The Treasury insists the Chancellor has tried to help young people keep away from stamp duty by increasing the nil-rate group from £60,000 to £125,000A coffers spokesman said: 'Five out of six homebuyers either disburse stamp duty at one%, or disburse no duty at all'But there is now no region in England and Wales where the standard asking price is less than £155,000, which would incur a stamp responsibility bill of £1,550The two higher thresholds, currently £250,000 and £500,000, have not been distorted for six years Halifax says they would be £650,000 and £13m if they had been greater than before in line with house price price risesSelect a loan term 12 months (1 year) 24 months (2 existence 36 months (3 existence 48 months (4 existence 60 months (5 existence 72 months (6 existence 84 months (7 existence 96 months (8 existence 108 months (9 existence 120 months (10 years)Please select a kind of insurance Life insurance Home and contents Car Breakdown services Health - checkup Health - dental Travel favorite - dog favorite - cat.
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students urged to be savvy when choosing a bank account - Published:25/10/06
Students could misplace out on more than £630 by choosing the incorrect account, according to new researchHalifax believes that many students are lured into signing up to an explanation which offers free gifts but suggests that they would be distant improved off considering using an account which offered a larger interest-free overdraftThe group estimates that missing out on financial records with a larger interest-free facility tfinish to finish up financing their costs by taking out credit cards, which usually have considerable interest ratesPeter Jackson, managing manager of HBOS bankings and savings, said: "The best recommendation is always to avoid getting into debt in the first put but for most students that's just not possible"So the next best advice is to have a loan of cash as cheaply as possible and that's why it's important not to be taken in by the lure of free gifts and to concentrate in its place on the interest free overdraft limits which are on offer," he additionalTerms of use Advertising Resources manufactured goods guides Press releases.
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