The financial services industry’s much-hyped mortgage holiday scheme, heavily endorsed by the government, could cost home owners hundreds of pounds in extra payments it is claimed.
Housing Secretary Robert Jenrick – accused by some of breaking the lockdown some weeks ago – is now in more hot water after the government accepted that a key planning decision he made was biased.
The government is jeopardising the success of the housing market relaunch through the inflexibility of the furlough scheme, claims a group of agents, conveyancers, valuers and other property professionals.
High-end agency Beauchamp Estates is claiming to have bagged the capital’s biggest deal during the lockdown period – a mansion which has sold for £15.45m.
A group representing 600 tax experts working in UK legal and accounting firms is warning buyers not to purchase a new home without selling their old one first – unless they are prepared to risk paying thousands extra in taxes if the sale is delayed.
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