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Tuesday, July 5, 2022
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    Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

    Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

    Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

    Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

    Scottish independence: Who could lead pro-UK group during next referendum campaign?

    Scottish independence: Who could lead pro-UK group during next referendum campaign?

    Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

    Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

    Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

    Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

    Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

    Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

    Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

    Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

    SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

    SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

    Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

    Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

    SNP Government accused of failing to rule out 12% rise in water charges

    SNP Government accused of failing to rule out 12% rise in water charges

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    SNP and Greens in Edinburgh council coalition talks as historic deal looms

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

    Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

    Trending Tags

    • Business
      Inflation rises again to new 40-year high

      Inflation rises again to new 40-year high

      Bank of England hikes interest rates to 1.25%

      Bank of England hikes interest rates to 1.25%

      Hiring activity in Scotland slows amid steep decline in staff availability

      Hiring activity in Scotland slows amid steep decline in staff availability

      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

      Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

      Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

      Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

      Knowing The Debt Collection Practices

    • Sports
      Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

      Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

      How to choose a spin bike (3)

      How to choose a spin bike?

      Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

      Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

      Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

      Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

      Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

      Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

      Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

      Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

      Magene MG70 Electromagnetic Indoor cycling bike (1)

      Magene MG70 Electromagnetic Indoor cycling bike

      Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

      Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

      Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

      Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

      Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

      Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

      Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

      Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

      Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

      Trending Tags

      • Technology
        Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

        Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

        Nine red flag signs a phone could be hacked – from overheating to mystery calls

        Nine red flag signs a phone could be hacked – from overheating to mystery calls

        WhatsApp makes huge change to group chats for users from today

        WhatsApp makes huge change to group chats for users from today

        Email scam warning issued as fraudsters impersonate government and make enticing offer

        Email scam warning issued as fraudsters impersonate government and make enticing offer

        Apple warning as tech giant says replacement batteries could lead to safety issues

        Apple warning as tech giant says replacement batteries could lead to safety issues

      • Health
        ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

        ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

        Armband VS chest strap heart rate monitor, which is better

        Armband VS chest strap heart rate monitor, which is better?

        Parents warned against giving water to breastfed babies even in heatwave

        Parents warned against giving water to breastfed babies even in heatwave

        Sex can help men live longer – and has important health benefits for woman too

        Sex can help men live longer – and has important health benefits for woman too

        Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

        Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

      • Entertainment
        Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

        Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

        Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

        Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

        Safe sex advice in new monkeypox guidance from experts amid UK outbreak

        Safe sex advice in new monkeypox guidance from experts amid UK outbreak

        Parkinson’s early sign could appear in sleep as experts warn to be on look out

        Parkinson’s early sign could appear in sleep as experts warn to be on look out

        Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

        Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

      • Life Style
      • Travel
      • Education
        The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

        The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

        Wales’ green, yellow, amber and red school colour codes expected to be scrapped

        Wales’ green, yellow, amber and red school colour codes expected to be scrapped

        Exam board says grades ‘will be more generous’ amid A level paper complaints

        Exam board says grades ‘will be more generous’ amid A level paper complaints

        The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

        The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

        Did the Queen go to school and what did she study?

        Did the Queen go to school and what did she study?

      • Real Estate
      No Result
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      • Home
      • World
      • News
      • Politics
        Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

        Labour will not strike deal with SNP to take Boris Johnson down, says senior MP

        Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

        Jacob Rees-Mogg boasts his banker pals are ‘jogging along’ as inflation causes misery for millions

        Scottish independence: Who could lead pro-UK group during next referendum campaign?

        Scottish independence: Who could lead pro-UK group during next referendum campaign?

        Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

        Scottish independence debate is futile without legal certainty on a referendum – Paul Hutcheon

        Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

        Council leaders ‘deeply disappointed’ with Nicola Sturgeon over pay dispute

        Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

        Boris Johnson wins confidence vote as Tory MPs fail to oust Prime Minister

        Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

        Scots Tory MP ‘utterly appalled’ at Boris Johnson but stops short of calling for him to resign

        SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

        SNP MP Kirsty Blackman claims Scotland is paying for the UK through oil and gas windfall tax

        Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

        Boris Johnson is a gift to the SNP and a threat to the United Kingdom – Paul Hutcheon

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP Government accused of failing to rule out 12% rise in water charges

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        SNP and Greens in Edinburgh council coalition talks as historic deal looms

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Blundering Boris Johnson told by Nazanin Zaghari-Ratcliffe how ‘she lived in the shadow of his words’

        Trending Tags

        • Business
          Inflation rises again to new 40-year high

          Inflation rises again to new 40-year high

          Bank of England hikes interest rates to 1.25%

          Bank of England hikes interest rates to 1.25%

          Hiring activity in Scotland slows amid steep decline in staff availability

          Hiring activity in Scotland slows amid steep decline in staff availability

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Scottish retail footfall growth ‘worst in UK compared to pre-pandemic’

          Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

          Sunak told more help on cost-of-living crisis is ‘absolutely imperative’

          Knowing The Debt Collection Practices

        • Sports
          Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

          Jim Goodwin makes Connor Ronan Aberdeen transfer confession and offers Bojan Miovski update

          How to choose a spin bike (3)

          How to choose a spin bike?

          Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

          Rangers and SPFL feud could trigger ‘nuclear option’ as Scottish Premiership clubs prepare for crisis talks

          Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

          Stephen Odey Rangers transfer latest as Randers set out stall on price for Nigeria striker

          Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

          Ange Postecoglou tipped for new Celtic transfer gold amid Champions League millions

          Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

          Stephen Kelly reveals Rangers future silence as he admits ‘I haven’t heard a thing’

          Magene MG70 Electromagnetic Indoor cycling bike (1)

          Magene MG70 Electromagnetic Indoor cycling bike

          Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

          Calvin Ramsay to Liverpool transfer edges closer as Aberdeen star prepares for Anfield medical

          Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

          Carl Starfelt Celtic injury latest as return timeline sparks doubts over Premiership kick off fitness

          Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

          Ylber Ramadani offered Aberdeen transfer advice from Sergio Porrini as Jim Goodwin nears first summer signing

          Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

          Alfredo Morelos posts Rangers champions claim Celtic fans simply aren’t having

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Gio van Bronckhorst wants Rangers contract answers as he hits back at ‘end of cycle’ claims

          Trending Tags

          • Technology
            Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

            Boss of Dundee app Snappy Shopper warns local shops face wipeout by ‘dark stores’

            Nine red flag signs a phone could be hacked – from overheating to mystery calls

            Nine red flag signs a phone could be hacked – from overheating to mystery calls

            WhatsApp makes huge change to group chats for users from today

            WhatsApp makes huge change to group chats for users from today

            Email scam warning issued as fraudsters impersonate government and make enticing offer

            Email scam warning issued as fraudsters impersonate government and make enticing offer

            Apple warning as tech giant says replacement batteries could lead to safety issues

            Apple warning as tech giant says replacement batteries could lead to safety issues

          • Health
            ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

            ‘Brave’ nine-year-old motocross star set to lose leg in heartbreaking cancer battle

            Armband VS chest strap heart rate monitor, which is better

            Armband VS chest strap heart rate monitor, which is better?

            Parents warned against giving water to breastfed babies even in heatwave

            Parents warned against giving water to breastfed babies even in heatwave

            Sex can help men live longer – and has important health benefits for woman too

            Sex can help men live longer – and has important health benefits for woman too

            Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

            Monkeypox cases in Scotland grow as officials list two reasons to contact doctors

          • Entertainment
            Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

            Save £5 when you spend £25 at Sports Direct with your Daily Record with this great offer inside Monday and Tuesday's paper

            Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

            Typhoid could be latest medical risk to UK as strains build tolerance to antibiotics

            Safe sex advice in new monkeypox guidance from experts amid UK outbreak

            Safe sex advice in new monkeypox guidance from experts amid UK outbreak

            Parkinson’s early sign could appear in sleep as experts warn to be on look out

            Parkinson’s early sign could appear in sleep as experts warn to be on look out

            Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

            Struggling UK chippies to ask Norway for more fish to ‘keep prices under control’

          • Life Style
          • Travel
          • Education
            The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

            The beautiful message a head teacher sent staff and pupils to recognise how hard things have been

            Wales’ green, yellow, amber and red school colour codes expected to be scrapped

            Wales’ green, yellow, amber and red school colour codes expected to be scrapped

            Exam board says grades ‘will be more generous’ amid A level paper complaints

            Exam board says grades ‘will be more generous’ amid A level paper complaints

            The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

            The huge amount of school that children in Wales have missed this year as tens of thousands miss lessons

            Did the Queen go to school and what did she study?

            Did the Queen go to school and what did she study?

          • Real Estate
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          No Result
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          Freehold Property Vs Leasehold Property In Bristol

          June 22, 2022
          in Press Release
          Reading Time:2min read
          Share on FacebookShare on Twitter

          Owning a freehold property in Bristol means that you completely own the property and the land it sits on. If there is a mortgage lender then of course they hold a charge over this however you are the sole proprietor of this property.

          Freehold vs Leasehold

          There are many benefits to owning a freehold and a leasehold property.

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          Freehold;

          • You will own the property yourself and the surrounding land
          • You do not have to pay any ground rent/ service charges or admin fees
          • You can make any alterations to the property you wish
          • You are in charge of the maintenance and do not have to rely on a third party
          • More likely to increase in value long term

          Leasehold;

          • Normally cheaper than freehold properties
          • Responsibility of maintenance is not yours
          • Potential to purchase the freehold also

          Buying and selling a freehold property is normally a much more straightforward transaction as there are no third parties involved.

          However, freehold properties in Bristol can also have a management company involved whereby they would then need to provide further documentation normally at an extra cost and potential further delay. Leasehold properties can have multiple third parties e.g a landlord, management company, managing agent etc.

          Purchasing the freehold of a property

          If the property is a house it is worth purchasing the freehold if the opportunity arises. Buying the freehold means it could increase value to your home. You would no longer be liable for service charges, ground rent or any additional payments.

          You should always take the help of regulated and licensed Bristol conveyancing solicitors to make your property buying a great experience.

          The property would be yours alone meaning there would not be as many restrictions imposed for example; some landlords do not allow pets or external alterations. This would not be an issue if you bought the freehold. If you own a leasehold property and are interested in purchasing the freehold, this can be looked into via the landlord/management company.

          Stamp duty

          Stamp duty is a historical land tax that is paid on property purchase transactions, introduced in 1694 and a tax we still pay today. Stamp duty will differ depending on the price of the purchase property, the date and your status as the buyer. Stamp duty land tax applies throughout England and Northern Ireland. It no longer exists in Scotland as it was replaced by Land and Buildings Transaction Tax on April 1st 2015.

          Why is stamp duty different for different purchases?

          Stamp duty is calculated by the purchase price of the property, when you buy the property and also who you are as a buyer. First time buyers are exempt from paying stamp duty on any property upto £300,000 however if it is over £300,000 then you will be liable to pay 5% upto £500,000 and anything over this stamp duty threshold you are held to the same rules as any other buyer who has bought a home previously. If you’re purchasing a home and have previously purchased a house then the thresholds stand at £125,000 for residential properties and £150,000 for non-residential land and properties. If you’re purchasing a property whilst owning another property then it is different again, you will be expected to pay 3% on top of SDLT rates. There is a stamp duty calculator to assist if you are confused about what your stamp duty would be.

           

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