Tax & Other Financial

The Financial Conduct Authority has published a review which corroborates and adds to the findings of its review in September 2022 of multi-occupancy buildings insurance. In its latest report the FCA has found that absolute levels of remuneration, including...

SpareRoom has published a report that shows 'Average room rents rose by 10% or more in every UK region, every London region and nearly all the UK’s top 50 towns and cities in the first quarter of 2023, compared to the start of 2022.  The average rent in both London...

More than eight million households across the UK will start receiving a GBP301 cost-of-living support payment from the government from Tuesday. It is the first of three payments, totalling up to GBP900, for those eligible and on means-tested benefits, such as...

The Telegraph has an article on tax efficiency. It can be seen here (subscription may be necessary) and concentrates on the ownership of properties.

The City watchdog is clearing the way for millions of buy-to-let landlords and flat owners to claw back billions of pounds lost in secret building insurance commissions. Leaseholders will be defined as customers of buildings insurance under new rules planned by the...

Renting platform Goodlord has launched a manifesto calling on the Government to rapidly step up its support for the under-pressure lettings industry. The manifesto, called Renting Done Right, has been created following focus groups and roundtables with more than 1,500...

The government revealed it has not tried to calculate how many people cannot pay their rent because of the freeze on housing benefit rates. The admission has been made by the Work and Pensions Minister, Mims Davies, in response to the parliamentary question 'To ask...

The Property Ombudsman, Rebecca Marsh, writes in The Negotiator magazine about a recent case, where a Letting Agent had used an alternative deposit scheme, which the landlord did not agree could be used for the tenancy. The whole article can be seen here, and hinges...

Money Week have looked at the current rental situation, investigating asking ‘So is it time to give up on buy-to-let?’ The article can be seen here, and investigates various scenarios.

The petition set up to reinstate mortgage interest tax relief for landlords by reversing the Section 24 tax change. Before Section 24 was introduced in 2017, landlords were able to deduct mortgage interest from their income tax - at that time it was also possible to...