HM Revenue and Custoims is running a series of webinars aimed primarily at those new to earning income from property of all kinds. The next is on Thursday October 26 and will tell attendees about the Revenue’s definition of ‘income from property’, about furnished...
Tax & Other Financial
Government to review rules governing Pooled Client Accounts
In a debate on Business Banking: Undesignated Client Accounts, the Government has resulted in assurances from HM Treasury that action will be taken to improve guidance and reform anti-money laundering procedures if necessary and end the unfair denial of banking...
House prices will return to growth – Hamptons report
A recent report by Hamptons International says House prices to readjust over the next two years with return to growth in 2025. The report can be seen here and says: The cost of living squeeze and higher interest rates have overshadowed the housing market this year....
Many landlords paying 3 times their previous mortgages
Landlords are paying an extra £5.5bn a year to their banks following a surge in mortgage rates, data shows. Buy-to-let investors are now collectively paying £15bn a year in mortgage interest, a 58pc jump since November 2021 when the Bank of England began raising...
Don’t miss out on Government help with energy bills
Hundreds of thousands of struggling households in Great Britain risk missing out on government help to pay their energy bills this winter if they fail to make an application for financial support that opens on Monday, according to fuel poverty activists. About 800,000...
Landlords look to commercial property instead of residential
Specialist lender Shawbrook are reporting that landlords frustrated by poor returns and high taxes in the buy to let arena are looking for ways to diversify investment with commercial property. Its recent research revealed that around 19 per cent of landlords are...
Rightmove latest House Price Index
Rightmove have just published their latest House Price Index, it can be seen here. It reported that asking prices edged higher by an average of £1,950 this month. Although new asking prices typically rise at this time of the year, the property portal says October’s...
Chancellor warned homelessness will rise if LHA freeze continues
The Telegraph is reporting on a letter sent to them regarding the freeze on the Local Housing Allowance (LHA), it can be seen in full here (subscription may be necessary), and says: Jeremy Hunt has been warned he will force more people into homelessness unless he...
Landlords now making a loss as profits have ‘evaporated’
The i news are reporting that many landlords are now making a loss in their least lucrative year since before the financial crisis, analysis from estate agency Savills shows.. The article can be read here (subscription may be necessary), and goes on to say that as...
Holiday home owners’ banking details to be handed over to taxman
Holiday home owners will have their bank account details scraped by HM Revenue and Customs (HMRC) as part of a global tax crackdown. From January 2024, rental platforms, food delivery apps, freelance websites and others facilitating various “side hustles” (an extra...
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Is the Chancellor considering a cut in stamp duty?
The potential stamp duty cut being planned by Chancellor Jeremy Hunt, as reported in various newspapers, could have...
Rightmove adds to reports of Market Recovery
Buoyant sales of large homes helped drive house prices to their highest level in 12 months, figures on Monday showed....
Foxton’s Q1 Update
Strong revenue growth underpinned by significant Sales market share growth and Lettings growth from acquisitions. ...