Tax & Other Financial

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...

The Telegraph is reporting that ‘One in five landlords in England face paying hundreds of thousands of pounds in death taxes because of a government freeze on allowances, analysis shows. More than half a million buy-to-let investors have a portfolio that exceeds the...

Zoopla has just published its latest survey and has found: UK house prices have fallen 1.3% in the last 6 months but they’re no longer falling as quickly Lower mortgage rates in the first half of 2023 have supported an increase in housing market activity More...

More prospective house sellers are returning to the UK’s property market, pushing agreed home sales to their highest point of the year in May, according to Zoopla, although it warned that the rebound in activity could be knocked by rising mortgage rates. House prices...

Empiric Student Property said revenue occupancy for academic year 2023-24 now at 86% and continuing to track significantly ahead of prior year. Like-for-like growth in average weekly rents for academic year 2023-24 is now expected to exceed 7%. "The booking cycle for...

Private renters are almost twice as likely to be struggling with problem levels of debt than the general population, with a sharp rise in the numbers in serious financial difficulty since January, research shows. The figures come against a backdrop of private rents in...

MortgageSolutions are reporting that ‘The leasehold system is a ‘mess’ that leaves homeowners paying ‘through the nose’ according to brokers, though opinions are divided on whether it should be scrapped entirely or adapted.’ Going on to say ‘The government has...

A new landlord database, currently in draft legislation phase, could provide HM Revenue and Customs (HMRC) with valuable information to pursue landlords for unpaid tax, according to BDO, a leading accountancy and business advisory firm. The Renters (Reform) Bill,...

Property118 has published an article reporting that Propertymark told the House of Commons Work and Pensions Committee that many people in receipt of benefits are excluded from some housing options due to Local Housing Allowance (LHA) rates. LHA rates have been frozen...