Following today’s autumn statement, two changes have come into effect from today that will impact all first time buyers.
- Stamp duty abolished for first time buyers on properties up to £300,000.00 from today.
- Stamp duty also waived on first £300,000.00 of properties up to £500,000.00 for first time buyers.
The table below sets out how much first time buyers will pay before and after the budget
For further details, or if you would like a free no obligation quotation, please call us on 01332 292204
We’ve had some great feedback recently from very satisfied clients:
Client A: “Our purchase has been lengthy, complicated and very stressful, due entirely to delays caused by third parties. Throughout this process both Sue Cunningham-Sawyer and her assistant Kimberley Treece, have been unfailingly efficient, professional and courteous. Sue’s knowledge and experience have been vital in ensuring that we were able to complete the purchase; without being secure in the knowledge that she was pushing as hard as we were for a successful outcome, we would probably have given up. Both Sue’s and Kim’s friendly attitude and sense of humour were a blessing and I would not hesitate to recommend John M Lewis, and Sue in particular. ”
Client B: Communication was excellent and thank you for going the extra mile for us.”
Call us now on 01332 292204 for your no obligation quotation.
We are delighted to announce that we have been shortlisted for another award at this year’s LFS East Midlands Regional Conveyancer.
Lisa Wills has been nominated for the Best Individual Conveyancer of the Year. “I’m thrilled to find out I’ve been shortlisted for this award. A big thank you to any clients who have put in a good word for me”.
The award ceremony will take place on 20th September 2017.
We are delighted to announce that we have been shortlisted for this year’s LFS East Midlands Regional Conveyancer.
The award ceremony will take place on 20th September 2017.
Wendy has worked within the legal profession for over 30 years since leaving school, primarily in Residential Conveyancing. She has recently moved from the Manchester area to Derby after reuniting with her childhood sweetheart, after 30 years! She joined the firm in October 2016.
Wendy has an 11 year old son and has a passion for sports cars, motorbikes and rock music, her favourite band being Metallica. When not at the office, Wendy can be found trying her luck at the local Bingo hall.
She deals with all aspects of property transactions and always aims to provide an efficient and personal service to her clients.
A rise in revenues and average selling prices has been reported in recent research, which has been attributed to increased demand since the EU referendum result.
The Housebuilder Persimmon has documented a rise in 2016 revenues to £3.4billion, a rise of 8%, with volumes of legal completion growing by 599 new homes to 15,171. The average selling price for the Group increased to £206,700, a growth of 4%.
Along with customer demand, the firm stated that sales reservations during the autumn season also remained strong.
For the full article by Today’s Conveyancer, please click here
We have joined up with the Conveyancing Foundation to offer all of our clients the opportunity to enter into the Conveyancing Foundation Charity Free Legal Fee Competition, which is designed to generate revenue for our favourite charities and to offer you the opportunity to experience a free conveyancing service. The Free Legal Fee Competition has helped to raise hundreds of thousands of pounds for charity over recent years and your contribution will be gratefully received.
Please note that to enter this competition a charitable donation of £10.00 must be made in order for your details to be entered into the monthly draw to try to win the Free Legal Fee.
The Conveyancing Foundation nominates worthwhile charities and causes over the course of the year. Please access the website at www.conveyancingfoundation.com for additional information in relation to these incredible charities. John M Lewis & Co Ltd’s chosen charity for 2017 is The Air Ambulance Service.
The Air Ambulance Service fly two regional air ambulances, across the counties of Warwickshire, Northamptonshire, Derbyshire, Leicestershire & Rutland. These two helicopters provide a rapid response to trauma and medical emergencies over an area of 3850 square miles covering many of the UK’s major road networks including the M1, M6, M69 and M42. With an average response of just 13 minutes, between them they attend on average 6 missions a day.
You may well have seen them in the skies above you. They have saved thousands of lives in our community. They need your help to save thousands more. The Air Ambulance Service do not receive any government funding.
Please ask the person dealing with your matter for further information regarding this.
The government’s Help to Buy Mortgage Guarantee Scheme will cease from 31st December 2016. The scheme was designed to aid those with very little deposit amounts, to climb the housing ladder.
In a letter to Bank of England governor Mark Carney, the Chancellor, Philip Hammond, said the mortgage market had become less reliant on the Help to Buy mortgage guarantee, with over 30 lenders now offering mortgages worth 90-95% of a property’s value independently of the scheme.
The Chancellor of the Exchequer, Philip Hammond, said: “Our Help to Buy schemes are helping hundreds of thousands of people, especially first time buyers, achieve home ownership. We are continuing the popular Equity Loan and ISA schemes to ensure people can access support when buying or saving for a property. We are determined to help make home ownership a reality for hard working people.”
Housing and Planning Minister, Gavin Barwell, added: “As these figures show, this Government is supporting thousands of first time buyers, helping them to get their first step onto the housing ladder.
“I am delighted to see that the Help to Buy: Equity Loan scheme, in particular, continues to be hugely successful and has now helped a landmark 100,000 households to own their own home.”
The Help to Buy ISA and the Equity Loan Scheme will remain in place.
According to the latest National Association of Estate Agents (NAEA) Housing Market report, figures show the level of sales to first time buyers was the highest since records began 16 years ago in 2000.
All of home sales in October, 32% were to first time buyers, a 9% growth from September. A high proportion of sales at a similarly high level for first time buyers, was also witnessed last October where they reached 31%.
Commenting on the figures was Mark Hayward. The Managing Director for the NAEA expressed that the findings indicated a shift away from referendum related uncertainty, and a need for the Government to address supply levels: “This month’s report paints a positive picture for the UK housing market. Our findings over the last few months indicated mild uncertainty immediately following Brexit – and last month we even saw sales to first time buyers fall. After shrugging off the uncertainty, we have seen an increase in supply and a rise in the number of sales to first time buyers this month – proof the market is beginning to bounce back.
For the full article by Today’s Conveyancer, please click the following link goo.gl/uWt5oJ and for your free no obligation quotation, please call us on 01332 292204