by peter littlewood | Aug 5, 2024 | Tax & Other Financial
A Propertymark report sheds light on the significant and far-reaching consequences of the Conservative government’s phased removal of mortgage interest rate relief under Section 24 of the Finance (No.2) Act 2015. Introduced by former Chancellor George Osborne, the...
by peter littlewood | Aug 5, 2024 | Industry News
Zoopla Research: Two-Bed Terraced Homes Lead Fastest Sales in England and Wales Recent research by Zoopla reveals that two-bed terraced homes are the fastest-selling property type in England and Wales, with sales agreements typically reached in just 27 days, compared...
by peter littlewood | Aug 2, 2024 | Industry News
Recent data from the Bank of England reveals a slight decline in mortgage approvals in June, indicating a potential stabilisation in the UK's housing market. Key Data Points Net Mortgage Approvals: June: 59,976 May: 60,134 March Peak: 61,080 June 2023: 53,620...
by peter littlewood | Aug 2, 2024 | Tax & Other Financial
The average inheritance tax (IHT) bill in the UK for the 2021/22 tax year has reached an unprecedented high of £215,000, reflecting a broader trend of increasing IHT burdens due to rising property prices and accumulated savings. Here’s a detailed analysis of the...
by peter littlewood | Aug 2, 2024 | Industry News
Recent tax changes and regulations are exacerbating Britain's housing crisis by discouraging buy-to-let landlords from entering or remaining in the market, according to property experts Guy Gittins, chief executive of letting agents Foxtons, and Charlie Bryant, chief...
