Proportunity

The news coming from the UK government this morning about the stamp duty changes are once again a mere plaster on the flesh wound that is the housing market for first time buyers. This policy change will only lead to sellers blending the stamp duty into the asking price, like we previously saw with the stamp duty holiday following the pandemic lockdowns.

What's more, when running the numbers, the benefit to first time buyers is minimal. The changes end up helping investors and 2nd home buyers more than FTBs. Yet another policy made to look like it's helping one group of people, while in reality helping another.

The issue has been, is and will remain twofold: supply and affordability. The UK is not building enough properties to keep up with demand - specifically for first time buyers, and affordability has been completely obliterated for most people over the years.

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At Proportunity we believe that affordability remains the key to unlocking home ownership. If you're like us, you'll question these policies and look through them to realise that the solutions are beyond what the government does. Start with the Proportunity Loan here https://www.proportunity.com/how-it-works!

Choosing between and can be tricky, so let's break it down!

🏠Freehold allows you to not only own the property itself, but also the land it sits on.
🏢Leasehold means you own the property but not the land. You are effectively 'leasing' the ownership from the freeholder, usually somewhere between 90 to 999 years.

There are pros and cons to both, but in a nutshell you have more freedom 🤓 to do what you want to your property as a freeholder. The downside is freehold properties are usually houses, so they're more expensive. You are solely responsible for the maintenance of your property and land.

As a leaseholder, you will have to pay ground rent and service charge, but these homes tend to be cheaper as they are likely to be flats or apartments. There are usually limitations to what you can do with your home as well.

Want to learn more about ? Check out our A-Z guide right now!

http://ow.ly/p6IO50K2PLJ

We hear you Francisco, we wouldn't want to overpay for our either!

Tag a friend who's 👀 for a 🔥 on the market right now! Our Proportunity Home Index platform uses machine learning to identify undervalued homes and help discover properties worth the 💰

Link 👇



http://ow.ly/XTA350JZFGv