Tax & Other Financial

Rate cut squeaks through in super-tight decision The Bank of England has cut the base rate from 5.25% to 5% The Bank of England has cut the base rate from 5.25% to 5%. The rate had held for a year The committee voted 5:4 for a cut Inflation has held at 2% for 2...

Summary of Housing Market Forecast for 2024 Key Points: Expected Price Increase: House prices across the UK are forecasted to rise by 2% by the end of 2024. Market Dynamics: The increase in house prices is driven by a higher number of homes being put up for sale. More...

Writing in the Financial Times, Moira O'Neill questions whether buy-to-let investments are with while now. The article from the Financial Times can be seen here (subscription may be necessary), and discusses the current state and challenges of the buy-to-let property...

Savills has presented its quarterly review of the rental market, concluding The prime rental markets have reverted to pre-pandemic patterns, but as the market cools, a closer alignment between tenants' and landlords' rent expectations will be vital. The original can...

A recent survey conducted by Leaders Romans Group (LRG) highlights the pressing priorities of tenants and landlords in the private rented sector, especially in anticipation of Labour’s first 100 days in office. The findings provide valuable insights into the shared...

Around 2,500 former Northern Rock customers are set to confront TSB in court, claiming they became "mortgage prisoners" after the UK lender's collapse. These customers allege that they were trapped into paying significantly higher than market interest rates after...

NatWest has updated its mortgage terms to allow landlords to rent out their properties on short-term and holiday let platforms such as Airbnb and Booking.com during void periods. This change comes under the bank's new 'Consent to Let' policy, which is also designed to...

The latest inflation data for June 2024 provides a detailed picture of price changes in the UK economy: Overall Inflation Rates CPIH (Consumer Prices Index including owner occupiers' housing costs): Annual Rate: Increased by 2.8% in the 12 months to June 2024, the...

Writing in the Propert118, David Coughlin advises 'Cut your losses says landlord: Why this month’s mortgage rates are causing landlords to sell' The article can be seen here, and in summary says that recent news has presented mixed signals for landlords deliberating...