Landlords grappling with tax returns have been given some advice - file them sooner, rather than later. Data analysed by business consultancy Hargreaves Lansdown shows that almost 250,000 people filed a self-assessment tax return in the first week of the tax year - up...
Labour stated that they intend abolish leaseholds within 100 days of achieving power. The Conservatives had considered this, but it was reported that this idea had been dropped - see report. The problem is that it is complicated. It is a good idea for existing...
Following new Financial Conduct Authority (FCA) leasehold buildings insurance reforms, managing agents face the prospect of action from leaseholders, as new legislation outlawing the historic practices of managing agents in relation to insurance commissions gets...
Steve Smith, Chairman of PRS REIT, which has the largest portfolio of single-family rental homes in the UK [5,500], made the following comments in the company's year end report:. "The portfolio's outstanding asset performance to date demonstrates the continuing market...
Yields achieved by landlords letting to students have steadily increased from an average of 5.63% recorded in September 2020 to 6.66% in August 2023, according to new analysis by Paragon Bank. The research revealed that the greatest returns are often found in the UK’s...
The average UK house price fell by 0.4% in September, but it remains higher than the level recorded in the month that the Bank of England started its run of rate rises, according to the Halifax House Price index which can be seen here. On a month-on-month basis,...
HMRC has published its concerns about hybrid business models used by some landlords. The publication can be seen here. If you believe you have set up a scheme described below, we recommend you get urgent independent advice on this matter. Note that iHowz cannot give...
HSBC has become the first UK bank to offer newcomers to the country the chance to utilise their international credit history when applying for a credit card. When you move country, the credit history and positive credit score you've built up over time don’t come with...
Confused.com has analysed the average rental income by the average house price of different areas in the UK to reveal the areas with the highest rental yield. Areas in the UK with the greatest rental yield: Rank Local authority Average rental yield Average house...
The Office for National Statistics has published data on house prices and the number of transactions for property sales in England and Wales, on an annual basis. The data show: Median house price for residential properties was £290,000 in England and £200,000...
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The Open Property Group's analysis indicates that buy-to-let investors across England and Wales have been reducing the...
The latest official government rent index reveals that average private rents across the UK increased by 9.2% in the 12...
The annual decline in UK house prices slowed to 0.2% in February, marking its lowest rate of decrease in eight months,...