UK house prices experienced a notable increase in November, climbing 1.2% month-on-month. This sharp rise marks a rebound in the annual growth rate, which surged to 3.7%, up from 2.4% in October. The annual growth is now at its fastest pace since November 2022, highlighting a renewed strength in the housing market. As a...
Introduction On 30th October, Chancellor Rachel Reeves gave no indication that the government would extend the current stamp duty threshold for first-time buyers (FTBs), which is due to expire in March. This scheme sees first time buyers pay no stamp duty on home purchases below £425,000, an increase from the previous £300,000, although this...
Stepping onto the property ladder can be overwhelming, so we have provided an overview of a range of borrowing schemes to help you secure the home you’ve been dreaming of. Our experts are here to guide you through every step of the process, ensuring you find the right mortgage product tailored to your financial...
Despite interest rates falling for the first time since the initial Covid lockdown in March 2020, borrowing costs remain high. What are interest rates, and why do they fluctuate? An interest rate indicates the cost of borrowing money or the return on saving it. The Bank of England adjusts rates to manage UK inflation,...
UK resident Individuals selling UK residential property at a gain, where the gain is not fully covered by private residence relief, need to submit a capital gains tax on property disposal (CGT PPD) return within 60 days of completion whereas non-resident individuals need to submit this return regardless of whether the property is sold...
As the value of the pound falls, it has been announced that nearly 3000 mortgage deals have been pulled. It is said that banks and building societies have withdrawn deals in anticipation of increasing interest rates. Are you a first-time buyer or looking to re-mortgage? In this article, PK Group have provided insights to...
Jonathan Birkett, PK Group’s mortgage, equity release and protection adviser at PK Group is featured in Investors Chronicle magazine, discussing available opportunities for equity release mortgages. Click here to find out more.
Are you a first-time buyer? If you are thinking of purchasing a property, then we can help. Why not download our home buying guide which includes a variety of content, such as the buying process, types of mortgage, what deposit you will need and insurance insights. Download the PK Group Home Buying Brochure.