Bank of mum and dad tightens lending
House buying funds supplied by the Bank of Mum and Dad has dropped dramatically over the last two years, shows government data. In 2019/20, the English Housing Survey describes 28% of first-time buyers as having received finance from family and friends to help with...The end in sight for leasehold sales?
Leasehold property sales could soon be scrapped in favour of commonhold, in accordance with recommendations made in The Law Commission’s ‘Residential leasehold and commonhold’ report in July 2020, after the government announced today that it is to establish a...Popular thumbs up for a wealth tax but no green light for Rishi Sunak
More than 45% of Times readers would be happy to pay a wealth tax as long as it did not include the value of their main home. A poll of 2,000 readers of The Times and The Sunday Times found broad support for increased taxes on assets and second homes as a way to help...Financial New Year Resolutions
Over half of people over 45 say they don’t set a new year’s resolution. But small changes from 1 January could make all the difference to your future. Here are three common goals for people at different stages of their saving and investing journey and how you can make...What next for Capital Gains Tax?
Alarm bells will be ringing for many taxpayers and their advisers following the report published by the Office of Tax Simplification (OTS) on 11 November 2020. Its recommendations, which are made independently to the Government, have the potential to increase capital...