If the proposals were adopted in full, some Hitchin landlords would pay £14,000 less Capital Gains Tax than they would currently The government borrowed £394bn this financial year (April ‘20 to April ‘21). This figure does not include the cost of November lockdowns and support measures, which means the final bill will probably be over half a trillion pounds. Ultimately these billions will need to be paid back to cover the cost of Coronavirus. The Office of...
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Looking back at the Hitchin property market for 2020, it can certainly be seen as a frenetic game of two halves, albeit with a very long half time in the spring. Between the General Election in mid-December and Christmas, many Hitchin agents saw an unusually higher uplift in activity in the property market just as we were getting ready for Christmas 2019. Yet once the New Year festivities were out of the way, that pre-Christmas...
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With the banks reducing the number of low deposit mortgages (i.e. deposit of 10% and below) since Covid-19 hit in the spring, this has meant that the number of Hitchin first-time buyers has been decreasing quickly, meaning many of those would-be Hitchin buyers wanting to make the first step on the Hitchin property ladder will stay in the Hitchin rental sector. This has caused demand to grow amongst Hitchin renters for larger homes to ride out...
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