Client Portal Independent financial planning advice for teachers

Teachers Logo
  • Home
  • Advice
  • About Us
  • Seminars
  • News
  • Downloads
  • Contact
Email
Home/News/Uncategorised/Are you thinking of moving to a new house?
loading...

Are you thinking of moving to a new house?

13/03/2019 Racheal Smith

Moves are afoot to help manage rises in house-prices.

The government are to consult on a new stamp duty surcharge. This research focused on understanding why people struggle to get on the property ladder or could not move due to rising house prices.

Ministerial findings reveal a domino effect caused by non-UK residents choosing to purchase homes and so drive up the house prices.  When considering the costs of houses in London, it is easy to see why the government may be concerned.  It is thought that nearly 50% of the residential housing stock in London are foreign-owned.

The new surcharge is proposed to add 1% to all existing stamp duty rates for non-UK resident and non-natural persons purchasing UK residential property.

What does this mean? Well, if the recommendation is approved, this new charge will apply to those living outside the UK and those not considered naturalised UK residents who are seeking to purchase residential property.  This will apply to freehold and leasehold purchases, including those bought for rental purposes.

The content in this article was correct on 9th March 2019. You should not rely on this article to make important financial decisions. Teachers Financial Planning offers advice on teacher specific mortgages. Please use the contact form below to arrange an informal chat with an advisor and see how we can help you.

Share this article:

  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
Posted under: Uncategorised


Make an enquiry

Please complete and send the short contact form below and we will come back to you as soon as possible.

    First Name

    Telephone

    Email

    Enter code captcha

    Message
    ifa logo
    Apple App Store Google Play Store
    • Site Map
    • Cookies
    • Legal
    • Privacy
    • Careers
    • Facebook
    • Google
    • Twitter
    • LinkedIn

    Teachers Financial Planning Limited is an appointed representative of LJ Financial Planning Limited which is authorised and regulated by the Financial Conduct Authority. Financial Services Authority firm registration number 552276. Content on this website is provided for information purposes only and should not be considered advice. The information contained within this website is subject to the United Kingdom regulatory regime and is therefore primarily targeted to consumers in the United Kingdom. Registered in England & Wales 07612896. Registered Office: St James Business Centre, Wilderspool Causeway, Warrington, WA4 6PS. Calls to 08452 69 69 90 cost 5p [or 5p per minute] plus your phone company's access charge.

    © 2011-2020 Teachers Financial Planning Limited.
    Website designed and developed by Carpe Diem
    This website uses cookies to improve performance: Find out more.