HSBC BUY-TO-LET GUIDE TO THE UK MARKET
2016-03-27
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Millions of leaseholders will be given a new right to extend their lease by 990 years. Changes could save households from thousands to tens of thousands of pounds. Elderly also protected by reducing ground rents to zero for all new retirement properties.
The United Kingdom has beaten the United States to become the most popular destination for overseas Chinese students, according to a recent survey.
The news comes amid an intense tariff war between Beijing and Washington.
More and more of Chinese pupils are turning away from American schools and universities due to concerns over their visas and job prospect across the Pacific Ocean.
The average rent has now risen above £800 per month across England and Wales.
New research saw average rental figures in July hit £804, up from £789 in the previous month - an increase of 1.9%. This is the fastest month-on-month rise since records began in 2009.
STAMP DUTY HOLIDAY FOR PROPERTIES COSTING UP TO £500,000 AND COMPLETED BEFORE APRIL, 2021 IN ENGLAND
The government has temporarily increased the stamp duty threshold to £500,000 for property sales in England and Northern Ireland. First-time buyers will not be taxed if the property is costing £500,000 or less and the legal transaction is being completed before April 2021, more expensive properties will only be taxed on their value above that amount.
Under the new British government plan – which will be put in place when Beijing formally enacts the law – every one of the 3 million Hongkongers who qualify for a British National (Overseas) passport and their dependents could relocate to the United Kingdom to stay and work or study for extendable periods of 12 months, creating a path to citizenship.