The Financial Times is reporting that 'UK estate agent Winkworth has warned profits will fall short of forecasts because of a slump in sales, sending shares in the group down 15 per cent in early trading.' The article can be read here (subscription may be necessary),...
The Telegraph is reporting that 'as 225,000 landlords face losses on their rental properties when they come to refinance as mortgage costs climb towards 7pc, analysis shows.' The article can be seen here (subscription may be necessary) and discusses the recent...
More than a third, or 36%, of all tenants would both renew their contract and accept a rent increase if they had a positive relationship with their landlord, research from price comparison website Uswitch has found. The survey of more than 2,000 tenants also revealed...
Despite expectation of a mass exodus from the rental market, many landlords are buying even more properties to expand their portfolio, according to the latest Landbay landlord survey. Results of the lender’s quarterly survey revealed that more than four in 10, or 41%...
Four in ten of all fines issued by HM Revenue & Customs for late filing of tax returns are meted out to people who earn too little to owe any tax in the first place, according to an investigation by tax campaigners. Between 2018 and 2022, 420,000 late-filing...
The Telegraph has reported that the Chancellors mortgage rescue deal with banks will exclude buy-to-let properties. The article can be read here (subscription may necessary) stating that the The formal Mortgage Charter agreed with banks was published on the Government...
The House of Commons Library has published its latest report on Key Economic Indicators on debt. It can be seen here, and says: Household debt as a % of disposable income Household debt peaked in Q3 2008 at 155.6% of household disposable income. It then declined to...
The House of Commons Library has published its latest report on Key Economic Indicators on house prices. It can be seen here, and says: House prices, as measured by the UK House Price Index, increased by 3.5% between April 2022 and April 2023. On a seasonally adjusted...
More than four in 10 UK house sellers are having to shave more than 5% off the original asking price to achieve a sale, according to Zoopla, in signs that rising mortgage rates are dampening the market. The property website said this proportion, seen in June, is the...
The average price of two- and five-year fixed-rate mortgages in the UK has hit its highest level for seven months, putting further pressure on borrowers who are reaching the end of their deals. Data from the financial information firm Moneyfacts showed the cost of a...
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According to Nationwide, house prices rose by 1.6% in March year-on-year, the fastest increase since December 2022....
The Telegraph is reporting on the proposal to implement a proposal to double council tax rates for second homes in...
HM Revenue and Customs (HMRC) has swiftly reversed its decision to close its self-assessment telephone helpline for...