Tax & Other Financial

The House of Commons Library has published its latest report on Rising cost of living in the UK. It can be seen here, and says: The cost of living increased sharply across the UK during 2021 and 2022. The annual rate of inflation reached 11.1% in October 2022, a...

Buy-to-let profits have plunged to their lowest level since 2007 as interest rate rises pile pressure on landlords’ finances. Net profits for landlords with mortgages fell below 4pc in the first three months of 2023, according to new analysis from Savills estate...

A Chartered Accountant has published an article on taxation on holiday lets. It can be seen here, and says: Airbnb and holiday letting landlords who fail to pay the correct income tax will face scrutiny from HMRC and in certain cases could face prosecution and...

Data released this week from the Hamptons revealed the average rent on a newly let home in Great Britain was up 9.1% in May compared to the corresponding month last year. London saw the biggest annual hike, with rents rising by 13.1%, followed by Scotland (11.6%) and...

The impact of regulatory and tax changes on landlords’ business models combined with sharp rises in buy-to-let mortgage rates risk putting more private landlords out of business, a hard-hitting report from the Intermediary Mortgage Lenders Association (IMLA) reveals....

Downing Street has called upon banks to safeguard homeowners currently wrestling with escalating mortgage costs as interest rates continue to rise, destabilising the borrowing market. This initiative has been triggered as borrowers receive warnings of additional...

Property Industry Eye is reporting on research by Savills’ the suggests 'that buy-to-let profits have plunged to their lowest level since 2007, and their is a “very real risk” that landlords will leave the PRS in their droves as a consequence.' The full report can be...

The Guardian published an interactive map showing which areas are affordable to rent privately based on an individual, couple or family salary and an assumed deposit. For the map, click here.  

On 24 May 2023 the Office for National Statistics published a price index tracking the prices paid for renting property from private landlords in the UK during April 2023. It found: Private rental prices paid by tenants in the UK rose by 4.8 per cent in the 12 months...

London homeowners will see their annual bill jump by up to £7,300 when they remortgage this year as 3.5 million borrowers face a rate shock. Nationally, homeowners will have to spend nearly an extra £9bn in interest over 2023 and 2024 as they are forced to refinance...