what the budget should contain to bring buoyancy and stability to the property market.
National low fees estate agency eMoov.co.uk takes the initiative by suggesting what the budget should contain to bring buoyancy and stability to the property market.
With George Osborne set to make his announcement at 12.30pm today, here are three proposed measures from emoov.co.uk, the estate agency helping homeowners to make the most of their budgets by introducing selling fees from £295.
1. Stamp Duty
Traditionally paid by the buyer, it should be announced that stamp duty will from here on be paid by the seller. Such a shift in responsibility will allow beleaguered buyers to buy more easily and for sellers to simply utilise their equity to foot the Treasury’s bill. Stamp Duty should be changed to a flat 2% on all sale prices rather than it being maintained as a penal, escalating levy concentrated on the South East with its higher house prices.
Banks don’t want to lend to home buyers any more. Whilst there are more mortgage products available than at the height of the crunch, the underwriting criteria is harsh and many banks are missing Government imposed lending targets. The solution is for the Government to set up a ‘Treasury Bank’ and lend directly to the home buyer (and small business for that matter) at competitive rates and with a sensible approach to risk.
3. House Builders
Not enough houses are being built. The new Localism Act will free traditional planning shackles but the industry itself needs further help. We propose tax relief on house builder profits IF they meet volume targets for fresh homes constructed in a given year. Incentives work.
Comments on the actual budget are available from Russell Quirk, founder and director of eMoov.co.uk, contact firstname.lastname@example.org to arrange.
eMoov.co.uk is a unique low fees estate agency, tackling high street agents head on with fixed fees of just £295 plus vat. Founded by Russell Quirk, a former High Street estate agency boss who started in the industry in 1984 and ran five branch offices between 1999 and 2009, Russell launched eMoov.co.uk two years ago having noticed that buyers simply do not visit estate agents as much anymore, as 95% of property searches take place on the internet.
The eMoov team are experienced property professionals regulated by the Property Ombudsman Scheme and trained in all aspects of legislation as it applies to home selling, for instance the Estate Agents Act 1979 and the Property Misdescriptions Act 1991.
The Quirk family has a long history in property. Russell’s grandfather Albert Quirk opened his first estate agency in 1957 having worked for the Co-operative Society as a surveyor and land valuer for many years. His business, Quirk & Partners, grew into a highly respected and sizeable company during the 1970’s and 1980’s with offices in many locations.
Media contact: Emma Starrs, Ad Hoc-PR, email@example.com, Tel: 07704 110703
This press release was distributed by ResponseSource Press Release Wire on behalf of Ad Hoc-PR in the following categories: Personal Finance, Construction & Property, for more information visit https://pressreleasewire.responsesource.com/about.