What an Andy Burnham Government Could Mean If You Are Buying a Home
I f you are thinking about buying a home, or simply trying to work out when the time is right to move, politics might feel like the last thing on your mind. Yet the policies a future government chooses can change the cost of buying, the type of home you end up owning, and even how easy it is to move again later. Andy Burnham, the Mayor of Greater Manchester, is often talked about as a future Prime Minister, and over the years he has set out clear views on housing, property tax, and leasehold. Here is what those ideas could mean for you as a buyer, explained in plain terms. The cost of buying could change The biggest idea Burnham has backed is a complete rethink of how we tax property. At the moment, most buyers pay stamp duty when they purchase a home. It is a one off charge, paid on completion, and it can run into thousands or tens of thousands of pounds depending on the price of the property. For many people it is one of the largest single costs of moving. Burnham ha...
