{"id":8577,"date":"2022-10-19T13:30:23","date_gmt":"2022-10-19T12:30:23","guid":{"rendered":"https:\/\/new.contentdeployment.co.uk\/tomd\/?p=8577"},"modified":"2022-10-19T13:31:25","modified_gmt":"2022-10-19T12:31:25","slug":"in-the-news-home-finance-2","status":"publish","type":"post","link":"https:\/\/new.contentdeployment.co.uk\/tomd\/2022\/10\/19\/in-the-news-home-finance-2\/","title":{"rendered":"In the News \u2013 Home Finance"},"content":{"rendered":"<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Gardens\nuprooted<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>A quarter (25%)\nof homeowners in the UK with outside space have turned all or part of their\ngarden into a driveway and a further 17% plan to make this change<sup>1<\/sup>.\nAs well as parking space proving to be popular, one in ten homeowners with\noutside space have replaced at least some of their garden\u2019s natural lawn with\nartificial grass; a further 29% are considering making the swap. In contrast,\n12% have replaced part or all of their garden with a wildflower meadow and 7%\nhave turned their driveways into a planted garden.<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong>Stamp Duty<\/strong><\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p>On 23\nSeptember, the government outlined a series of tax cuts and measures, most of\nwhich have since been reversed. One of the surviving tax announcements was a\nreduction in Stamp Duty Land Tax (SDLT) in England and Northern Ireland,\nraising the residential nil-rate threshold from \u00a3125,000 to \u00a3250,000, with\nimmediate effect, and First Time Buyers Relief from \u00a3300,000 to \u00a3425,000. The\nmaximum amount that an individual can pay for a home while remaining eligible\nfor First Time Buyers\u2019 Relief, was increased from \u00a3500,000 to \u00a3625,000. As SDLT\nis devolved in Scotland and Wales, the Scottish and Welsh Governments will\nreceive funding through an agreed fiscal framework to \u2018allocate as they see\nfit.\u2019&nbsp; <\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><sup>1<\/sup>Aviva, 2022 \u00a0\u00a0<strong><em>\u00a0<\/em><\/strong>\u00a0<\/p>\n<\/div>\n\n<div class=\"hd-block hd-block-paragraph\">\n<p><strong><em>As a mortgage is secured against your home or property, it could be repossessed if you do not keep up mortgage repayments.<\/em><\/strong><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>Gardens uprooted A quarter (25%) of homeowners in the UK with outside space have turned all or part of their garden into a driveway and a further 17% plan to make this change1. As well as parking space proving to be popular, one in ten homeowners with outside space have replaced at least some of [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[32,91],"tags":[],"hd_content_source":[],"_links":{"self":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/8577"}],"collection":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/comments?post=8577"}],"version-history":[{"count":3,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/8577\/revisions"}],"predecessor-version":[{"id":8580,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/posts\/8577\/revisions\/8580"}],"wp:attachment":[{"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/media?parent=8577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/categories?post=8577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/tags?post=8577"},{"taxonomy":"hd_content_source","embeddable":true,"href":"https:\/\/new.contentdeployment.co.uk\/tomd\/wp-json\/wp\/v2\/hd_content_source?post=8577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}