Virgin Money UK said it has agreed to a takeover by Nationwide Building Society. Under the Nationwide over, Virgin Money UK shareholders to receive 218p per share in cash, as well as 2p dividend from Virgin Money. This bring the total to 220p. The Nationwide takeover...
The latest Halifax house price index reveals several trends in the UK property market: Overall Growth: Average house prices rose by 0.4% in February, marking the fifth consecutive monthly increase. However, the annual growth rate has slowed slightly to 1.7% compared...
UK house prices rose for the fifth consecutive month in February, according to data from Halifax on Wednesday. The Halifax house price index rose by 0.4% on a monthly basis in February, after rising by 1.2% in January. The typical UK home cost now costs around...
Gavin Richardson, Managing Director | Mortgage Finance Brokers has issued the following statement: Chancellor Jeremy Hunt gave what will likely be his last Budget Statement before the next General Election. Which announcements will impact property investors, and does...
At the same time the Chancellor was speaking in the Commons, a resume was announced. It can be seen here. the Chancellor’s speech can be found here. Other documents published alongside the Spring Budget today can be found here. The budget announcements seem to be...
According to a report in The Sunday Times, the upcoming Budget is expected to include a £300 million tax increase targeting the private rental sector, particularly second home owners who profit from holiday lets. The leaked information suggests that Chancellor Jeremy...
The government's confirmation of Making Tax Digital for Income Tax Self Assessment (MTD for ITSA) brings both additional costs and changes in procedures for landlords. Starting from April 2026 or 2027, depending on income thresholds, landlords with qualifying income...
Lettings agency Hamptons believe that rents have peaked. Their latest data reveals some interesting trends in the rental market across Britain: Slowing Rental Growth: Average rents on newly let properties increased by 8.3% year-on-year in January, marking the...
Hargreaves Lansdown are of the view that expectations regarding the upcoming Budget should particularly focus on ISA changes and support for first-time buyers and retirement savings: Investment in British Companies: The government is expected to emphasize investing in...
This is Money has reported on the views of Fred Harrison, a British author and economic commentator famous for his theory of an 18-year property cycle, who is predicting turbulent years ahead for the housing market. The article can be seen here, and says that Fred...
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