A new house price study indicates that one in ten districts across the UK may now exceed the inheritance tax threshold, in news that could be of interest to people looking to find a remortgage deal.
Research from banking institution Halifax has discovered that the average house price in 236 of the 2,098 postcode areas across England and Wales is now above the tax threshold of £285,000.
To put the figure into context, this is approximately double the 117 postcode districts that qualified for inheritance tax five years ago.
Tim Crawford, group economist at Halifax, commented on findings that may be of concern to many mortgage holders.
"House prices continue to increase more quickly than the inheritance tax threshold," he said.
"There are 2.3 million properties in the UK valued at more than the inheritance tax threshold."
Following the research, Mr Crawford has called upon the government to increase the threshold to £460,000.
Some people may be looking to search for a remortgage deal in order to put more money into investment vehicles that minimise inheritance tax liability.
Halifax warns mortgage holders that tenth of UK now exceeds tax threshold
Mortgage Quote Line
0845 108 0505
Halifax warns mortgage holders that tenth of UK now exceeds tax threshold
Mon, 26 Feb 2007
Recommended links
Halifax fixed-rate mortgage changes announcedHouse prices hold steady, Halifax finds
Mortgage rate cut announced by Halifax
Legal and General names Halifax as best overall mortgage lender
Daily rates from mortgage lenders save money, says Halifax
Fixed-rate mortgage available at Halifax
Halifax offers hints for first-time buyers
Mortgage lender Halifax highlight home improvement
Welsh mortgage holders looking to find a remortgage alerted to Halifax's research
Halifax launches new stepped fixed-rate mortgages
New mortgages from Halifax
Halifax offers hints for first-time buyers
Halifax Mortgages
Free Mortgage Quote from Mortgages.co.uk
UK Mortgage Lenders Directory
| mortgages news |
|---|
| 1.99 per cent discount mortgage from HSBC - Thu, 11 Mar 2010 |
| Council of Mortgage Lenders releases Budget submission - Thu, 11 Mar 2010 |
| Remortgage activity starts to recover - Thu, 11 Mar 2010 |
| More News |
Mortgage Rates by Lender 
Worried about Mortgage Repayments?
- Join our petition to Government to bail out burdened individuals, not just banks.
Free Mortgage Quote
Mortgages in Scotland
Equity Release
Switching Mortgages
Home Reversion Plans
Commercial Mortgages Arrears & CCJs?
Remortgages- Sub prime mortgages
- Arrears, CCJs
- Self certification
- Debt consolidation
Protect Your Mortgage