The Chancellor has announced that stamp duty is to be abolished for all first time buyers on properties bought up to £300,000, effective from today. In addition, first time buyers purchasing properties up to £500,000 will pay no stamp duty on the first £300,000.
In his Budget, Philip Hammond announced that 80% of first time buyers would pay no stamp duty at all. With 358,000 first time buyers in the last year, this means that at least 24% of all sales in the UK’s housing market are set to be charged 0% tax. Once other exempt sales under £125,000 are taken into account, this figure will be even higher.
Two thirds of properties bought so far this year across the country have been under the new threshold but there are large regional variations. In Wales and the North East, over 90% of sales in the last year have been over £300,000 while just 17% of sales in London were for less than £300,000.
While good news for first-time buyers, this will further squeeze investors in the sub-£500,000 market who are already suffering from increased taxes. What's more, it does not, give any encouragement to owners higher up the chain to downsize.
After months of hard work, our new website finally went live over the weekend and is looking fantastic! Why not have a good look around and see what amazing new features and information are included.
Our new banner has arrived today ready for tonight, and it looks great!! We are proudly sponsoring the Pink Wig event which is part of Falmouth Week and raises funds for vital research projects, the best care for breast cancer patients in Cornwall and a safer future for the next generation.
One of the joys of owning your own home is having the ability to inject a bit of your own personality into each of the rooms, and what a better way to start than with colour. It can be easy to stay safe and always go for the same shade of beige, but making your house a home is all about filling the rooms with colours and items you love. Our handy guide to choosing the right colours for your rooms will help inspire your creative side so you can find that perfect shade.
Take inspiration from nature
If you’re stuck in a rut of always choosing the same colours, try looking to nature for inspiration. This doesn’t mean that you should choose a vibrant shade of green - nature is full of all sorts of wonderful colours. Why not take a trip to a local art gallery and look at the different landscape paintings? Artists naturally have a keen eye for picking out colours, and you, too, will most likely find a shade particularly striking. It might be the use of pink in a beautiful sunset or a rich shade of yellow on an autumnal tree. This will help you start to imagine how you might feature the colour in a room. You won’t necessarily use the colour on your walls, but you miht use it as an accent in your soft furnishings and find a complementing hue of paint or wallpaper.
Your favourite objects
If you already have colourful objects that you love, try grouping them together in sets that have the same shade and consider putting them in the same room. This will give you a theme to start from and you can find soft furnishings and accessories to match, which will help create consistency in the room. Plus it will help draw attention to your favourite objects, transforming them into features.
How will the space be used?
One of the main deciding factors when it comes to choosing colours is how the room will be used. For example, we typically use our bedrooms when we want to wind down, so soft, calm colours like blues, greys and greens, work well here. In the kitchen, however, it’s likely that you’ll want a fresh and bright colour to give it a luminous glow while you’re busy cooking, so consider opting for a pastel shade. Rich, warm colours like terracotta, teal and crimson help to make rooms feel cosy, and are ideal in sitting rooms and dining rooms. You can use these colours on just one or two walls to create a feature rather than on all walls, as this can make rooms feel smaller.
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