Mortgages

HAPPY HOLIDAYS

There is a 77% chance UK houses are over-valued, an economist has warned, as the threat of a bubble looms.

The mortgage market is experiencing "strong upwards momentum" and gross lending may top £200bn for the first time in seven years in 2015, but there is little evidence of a housing boom developing, according to the Council of Mortgage Lenders (CML).

Non-residents will have to pay capital gains tax (CGT) on any gains made from residential property sales in the UK from April 2015, George Osborne announced today.

IFAonline.co.uk will provide full coverage of Autumn Statement 2013 from 11am on 5 December.

Chancellor George Osborne should cut stamp duty on homes valued at between £250,000 and £300,000, according to senior tax advisers.

The yawning property gap across England and Wales has highlighted again as figures showed house prices surging nearly 9% in London while values are still on the slide in the North.

The mortgage aspect of the Funding for Lending Scheme (FLS) is to be discontinued in light of improved market conditions.

RBS Intermediary Partners is to return to the mortgage market on Monday, the group has announced.

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