The Telegraph are reporting that 'Rents will jump by a quarter across Britain in just four years, significantly outstripping house price growth, forecasting suggests. Rising interest rates will continue to pile pressure on landlords with mortgages, forcing many to...
Tax & Other Financial
Propertymark calls on Government for tax policies to incentivise landlords
Propertymark has called for the Government to review the impact of tax and financial changes on landlords. The trade body analysed the impact of changes to the private rented sector (PRS) using data from members and other private and public sector organisations....
Some mortgages are now tied to the EPC rating
Paragon Bank has recently reduced its rates, but the best rates are only available to properties with better energy rating. Paragon’s 70 per cent LTV two-year fixed rate product, now priced at 4.59 per cent is available to portfolio landlords for the purchase or...
Revealed: the most and least affordable areas to buy a home in the UK
Which magazine has published an article showing the best and worst places to buy a house. The full report can be seen here.
Are landlord families at risk of overpaying Inheritance Tax?
Landlord Today is reporting that a wealth management organisation has raised the spectre that some families may end up overpaying inheritance tax. The article can be seen here, and goes to suggest some ways of mitigating this possibilty.
House Price Affordability Improving
Falling house prices and record wage growth has meant houses have become more affordable on paper, but the rising cost of borrowing has cancelled out any benefit. The cost of a typical UK home is 6.7 times average earnings, down from a peak of 7.3 last summer,...
Are you part of the landlord exodus? Here’s what you should do next
Telegraph Money has run an article on the best options for squeezed buy-to-let owners. It can be seen here (subscription may be necessary) and says: Letting out a property was once viewed as a reliable way to make your money work for you – but a series of regulation...
The rise of shared ownership – and the disaster lying in its wake
The Telegraph has just published n article looking at the problems of shared ownership, stating 'For many, the promise of partially owning a home has turned into a nightmare'. The article can be seen here (subscription may be necessary), and follows the case of Maddy...
Rightmove House Prices
Rightmove’s asking prices fell by 1.9% in August to £364,895, the biggest drop for this month since 2018. However, asking prices are still 19% higher than August 2019. Home sales fell by 15% versus 2019 before the onset of the pandemic, while first-time buyer sales...
More landlords struggling with mortgage re-payments
According to figures produced by trade association, UK Finance, 8,980 buy-to-let mortgages had arrears that totalled over 2.5 per cent of the outstanding balance as of June 2023 - a rise of 28 per cent in comparison with the end of March. Almost half of landlords saw...
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Reader poll: Are house prices falling?
It seems there's a significant divergence of opinions regarding the direction of house prices, with a notable portion...
Why a Base Rate Cut Won’t Necessarily Make Your Mortgage Cheaper
MFB (previously Mortgage for Business) has released a statement on why they believe 'Why a Base Rate Cut Won’t...
UK Housing Price Index released
The UK Housing Price Index has just been released, and the headline statistics for February 2024 regarding UK property...