HM Treasury and HM Revenue & Customs have published the outcome of their consultation on a proposed VAT zero rate for social housing land across the UK. The publication page does not set out an implementation date or final eligibility rules.
HM Treasury has published its response to the First Time Buyer ISA consultation. Respondents broadly supported the proposed savings product, but stressed the need for simplicity, stability and clear information.
Bank of England figures show UK house-purchase mortgage approvals fell in September, while approvals to remortgage with a different lender increased. The effective interest rate on newly drawn mortgages also edged higher.
The government has published its response to consultation on a proposed charge for owners of homes worth £2 million or more in England. The publication covers responses to the plans and the government’s intended next steps.
