It seems like landlords in the UK are facing increasing financial pressures due to rising costs, particularly related to mortgages. The report from Foundation Home Loans sheds light on various strategies landlords are employing to cope with these challenges: 1....
Research by comparison website Moneyfacts suggests that building societies are currently offering the most competitive mortgage deals for first-time buyers compared to high-street lenders. Analysis of mortgages with loan-to-value ratios of 90% and 95% found that...
The Renters (Reform) Bill has sparked discussions and concerns among landlords regarding the legal implications of requesting rent in advance. The proposed changes stipulate that rent periods must align with the periods for which rent is payable, potentially affecting...
Savills' revised UK house price forecast suggests a more positive outlook than previously anticipated, with an expected increase of 2.5% this year and a cumulative growth of 21.6% by the end of 2028. This upward revision is attributed to several factors, including...
According to Halifax, British house prices rose 0.1% in April month-on-month and 1.1% year-on-year. The average house price in April now stands at £288,949. In the previous month, UK house prices fell by about £2,900 in March with the typical property value down...
The Telegraph has run an article on stamp duty. It can be seen here (subscription may be necessary) and discusses the issues surrounding stamp duty in the UK housing market, stating they are clearly multifaceted and impactful. Here are some key points from the...
Coventry Building Society is advocating for reform in Stamp Duty due to a notable decline in property transactions, particularly buy-to-let purchases, during the first quarter of 2024. This drop is significant, as it's the first time transactions have fallen below...
Analysis from Paragon Bank highlights a significant shift in the buy-to-let property market, particularly in Southern England, following the introduction of the stamp duty surcharge for additional properties in 2016. The proportion of buy-to-let properties purchased...
The recent announcement of a 10% increase in court fees for landlords has sparked concern within the property sector. Effective Wednesday May 1st, various court activities, including those involving landlords, will see higher charges. Landlords will particularly feel...
Brand new data from Mojo Mortgages has revealed significant differences in the types of properties the average UK house price can purchase across the country's major cities. The average house price is most likely to be able to purchase a 2-bed, 1-bath semi-detached...
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The UK Government is considering aligning capital gains tax (CGT) rates with income tax rates to address a £22 billion...
Research by Quilter suggests that landlords could face significant increases in capital gains tax (CGT) if Chancellor...
A Propertymark report sheds light on the significant and far-reaching consequences of the Conservative government’s...