The UK housing market showed signs of deceleration in May, with the ONS' official house price index reported a 1.9% annual increase in house prices, down from the revised 3.2% growth recorded in April. The average price of a house was now pegged at £286,000, a £6,000...
The Behavioural Insights Team have published a blog asking why the Renters Reform Bill doesn't contain a 'low cost policy, popular with tenants, homelessness advocates and private landlords, that is missing from the bill: allowing people who receive Universal Credit...
If you are an agent letting a property to a non-resident landlord, you need to see this announcement. A new manual can be seen here, and says: A letting agent is generally a person who: has a ‘usual place of abode’ in the UK, and acts for a non-resident landlord (NRL)...
The Government has published a manual on property income received by non-resident landlords. It can be seen here, and is where the property is located in the United Kingdom (UK) then any income generated from it is charged to tax in the UK. This applies even if the...
The Telegraph is running an article on the dangers for tenants who challenge a Section 13 notice - a legal notice to increase the rent. It can be seen here (subscription may be necessary) and states ' An analysis of 30 tribunal cases in the second quarter of this year...
UK Rightmove house prices fell by 0.2%, or £905 month-on-month in July, versus 0% in the prior month. Year-on-year growth decelerated to 0.5% from 1.1% in June. The average asking price now stands at £307,907, still 2.6% higher than in January, with Rightmove...
The Bank of England’s latest Financial Stability Report warns of the chaos to come as landlords are hit with the double whammy of higher interest rates and both tax and regulatory changes, stating that landlords who rely on finance to keep their portfolios afloat will...
As previously reported (see here), the Chancellor has announced a charter to help home owners who are suffering from skyrocketing interest rates. Under the terms of the charter homeowners’ will not be forced out by their lenders for at least a year after the first...
The Daily Telegraph are warning of a 'perfect storm' as demand for homes is plunging as the mortgage crisis forces buyers out of the market, estate agents have warned. The article can be read here (subscription may be necessary) stating ' Figures published yesterday...
LandlordZone have published a very interesting article on the problems faced by landlords with 'Changes in tax rules for buy-to-let landlords have definitely made the business of letting property more challenging, particularly with those who have taken on big...
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A new guide offers comprehensive information for non-resident landlords (NRLs) regarding their tax obligations in the...
The latest Halifax House Price Index released this morning revealed a monthly change of -1% in March. Kim Kinnaird,...