Government to lower barrier to entry for shared ownership

Government to lower barrier to entry for shared ownership

The government is changing the rules around shared ownership so buyers will only have to purchase a minimum stake of 10%.

People will also be able to buy additional shares in the property via instalments of 1%.
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Source: Property Wire


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Planning to sell your Attleborough home in the next 12 months? Setting an inflated asking price could cost you valuable time, money, and the chance to move, as buyers have many options and tend to dismiss overpriced properties. Pricing your home correctly from the start is the best way to attract serious interest and secure a successful sale.

Nestled in the picturesque village of Great Hockham, this charming four-bedroom, non-estate detached chalet offers a perfect blend of comfort and convenience. The ground floor boasts a spacious bedroom complete with an en-suite bathroom, ideal for guests or single-level living.

The government announced an increase in stamp duty for second home purchases. Buyers of additional properties, including buy-to-let investments and holiday homes, will face a higher rate of stamp duty compared to primary residences.

In the bustling property market of Attleborough, the average time to sell a property with every Estate Agent currently stands at 83 days. This is above the national average of 73 days.