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Under the new coalition government the use of Home Information Packs (Hips) by home sellers has been scrapped this week, one of the few announcements by the new regime that will undoubtedly be met with near universal praise. In other property news from the government, David Cameron has claimed that the owners of second homes should pay higher taxes; and the new MPs have agreed that housing is a priority.
Elsewhere in the market positive news emerges with mortgage approvals rising 25 per cent during March as housing activity bounces back up. According to the Council of Mortgage Lenders around 45,000 mortgages were lent for house purchase during the month, up from 36,000 in February.
And finally, who thought that flats were cramped and didn’t afford you much space? Not so with Whittinghame House in Scotland - the overall floor area is 9,000 sq ft, which is about one fifth of an acre and it can all be yours for the bargain prce of £2.5m!
The coalition government has suspended the use of Home Information Packs (Hips) by home sellers.
BBC, 20/05/10
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Estate agents report deluge of inquiries from landlords about possibility of selling before proposed tax rise introduced.
The Guardian, 19/05/10
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Capital gains increase comes as new landlord deals emerge.
The Sunday Times, 16/05/10
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Housing market activity bounced back during March with a 25 per cent jump in the number of mortgages advanced to people buying a property, new figures show.
The Telegraph, 17/05/10
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The owners of second homes should pay higher taxes, David Cameron has said, provoking accusations that he is betraying core middle-class Conservative voters.
The Telegraph, 17/05/10
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As Parliament officially returns, new research reveals that new MPs will find housing is the chief concern of their constituents.
PropertyTalkLive, 20/05/10
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Whittinghame House could be Scotland’s most expensive apartment ever; it’s certainly one of the most lavish.
The Sunday Times, 16/05/10
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