Tag: buyers

Coronavirus: First-time buyers slip on the property ladder as deposits rise

Image copyright PA Media Image caption The goalposts have moved for many first-time buyers Purchasing a first home is one of the biggest financial steps many people will ever take. But changes to the housing market brought on by the Covid-19 pandemic have made that step a little bigger. For those scrimping and saving to afford a deposit, coronavirus has… Read more →

First-time buyers: Four ways the property market ‘will be tougher’

Image copyright Getty Images Official forecasts predict a fall in UK house prices with the economy in recession and jobs being lost. First-time buyers may be rejoicing about the prospect of cheaper property. Yet a report by the Resolution Foundation suggests home ownership could become increasingly “out of reach” for this group of people. It comes as a survey of… Read more →

Tax cut for Scots home buyers starts next week

Image caption Kate Forbes said she was delighted to remove uncertainty from the market A temporary cut to the transaction tax on house sales will be introduced next week, the Scottish government has said. Finance Secretary Kate Forbes announced the cut to the land and buildings transaction tax (LBTT) on Thursday. The move followed UK Chancellor Rishi Sunak’s announcement of… Read more →

Coronavirus: Welsh car dealers ‘concerned’ buyers will go to England

Image copyright PA Some of Wales’ biggest car dealers have expressed “concern and disappointment” that they remain unable to trade due to coronavirus. Eighteen dealerships have written a joint letter to First Minister Mark Drakeford saying it is unfair they cannot operate but English rivals can. They say “countless customers” will choose to buy there. The Welsh Government said “non-essential”… Read more →