x

Industry Insider

Agent

452 Profile Views

About Me

ghee

my expertise in the industry

jell

Industry's Recent Activity

There is an awful lot of supposition and conjecture in this piece, and of course a company who's prime objective is to buy for cash at a discount is going to suggest that lenders are tightening their lending criteria. In my experience the statement of “This would suggest that the 30% of failed sales attributed to difficulty securing a mortgage are due to buyers being turned down during the formal mortgage application process after initially securing an agreement in principle" is incorrect - all too often we show people around properties who claim to have an AIP or MIP in place, only to find when we receive the offer that they actually don't.

From: Industry Insider 13 July 2022 14:40 PM

Don't necessarily disagree with this, however how do you calculate the 'uplift'? If I bought my house and extended it several times over the years, do I pay on the uplift from the purchase price, or the net price after factoring in the cost of improvements. I've always thought that SDLT should be switched from buyers to sellers, as whilst it wouldn't necessarily raise more tax, it put the burden more on the people who you would normally expect to have the equity to pay it as opposed to those who have spent years already saving for a deposit.

From: Industry Insider 09 December 2021 10:52 AM

From: Industry Insider 23 November 2020 11:26 AM

Breaking News