View more on these topics

Govt to review house buying process


The Government is set to investigate ways to improve the house buying process.

In today’s Budget document the Treasury claimed consumers spend £270m each year on failed housing transactions.

When a transaction falls through buyers normally end up losing their legal, survey and mortgage fees.

It said: “The Government will shortly publish a call for evidence on how to make the process better value for money and more consumer-friendly.”

A Building Societies Association spokeswoman says: “We look forward to the publication by Government of a call for evidence on how to improve the home buying process and will engage.”



Osborne slashes corporation tax to 17%

Chancellor George Osborne has again taken the axe to corporation tax, with the rate set to fall to 17 per cent in 2020. The corporation tax rate is currently 20 per cent. Under existing plans it was due to fall to 19 per cent in April 2017 and 18 per cent by 2020. However, giving […]

Chancellor reforms stamp duty for commercial properties

The Government has reformed stamp duty for commercial properties by removing the ‘slab’ structure and replacing it with a system more akin to income tax. In the 2014 Autumn Statement the Chancellor did the same thing for residential properties. The change means that when a purchase passes a tax threshold, the higher rate applies to […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment