Manse & Garret Blog
Listening to the budget, one would have thought for once property owners had been left alone but hidden away on page 51 of the Budget document, we learn that the government intends to legislate to enable tenants in privately rented accomodation to sub-let!
Why anyone would think this is a sensible idea is beyond me. The landlord takes the risk and has to deal with the consequences... Read More
The big surprise of the Autumn Statement this year was the changes made to stamp duty which benefit the masses and penalise those purchasing with larger budgets.
In blatant plagiarism of the new Scottish system introduced in October to take affect in April
The changes became effective at midnight and the main change is that instead of having a slab system, whereby you pay a... Read More
In reaction to today’s budget Managing Director Karelia Scott-Daniels said, “The 2% increase in stamp duty is unprecedented and a real blow for buyers in prime central London. Property related tax hits London and the South East disproportionately and is therefore unfair.”
“I don’t think it will affect overseas buyers purchasing in prime central London but it will inevitably put... Read More
I have to admit, the 2% stamp duty increase took the property market by surprise.
It had been leaked to the FT that morning but no-one thought it would take effect immediately, so we were straight on the phone to our buyers for property over the new threshold and plans for Wednesday afternoon were scrapped as we assisted affected Clients to exchange before the midnight deadline, saving... Read More
A great many people aspire to own property in prime central London.Here at Manse and Garret we deal with hundreds of hard-working clients every year who want to put their money into a safe and useful investment.
Those lucky enough to reach the lofty heights of the London property market often find themselves purchasing leasehold flats, not freehold houses – they’re more convenient as... Read More
In August last year Manse and Garret blogged about the mansion tax proposals which had been floated at the recent Liberal Democrat conference.
The idea went away almost as rapidly as it had appeared with senior Tories, such as Boris Johnson and Eric Pickles, arguing it would punish people for enjoying a buoyant property market, particularly in London.
However the issue is back... Read More
Karelia on London Live