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...
The Telegraph have run an article about the danger of letting a property on a standard residential mortgage. It can be seen here (subscription may be required) and points out that ‘failing to notify your bank about letting a property out may seem like a small...
Growth in UK house prices slowed in March, according to data from Halifax. According to the mortgage lender, average house prices edged up 0.8% in March on a monthly basis. Growth slowed from a 1.2% climb in February. Annually, growth in house prices slowed to 1.6% in...
The Telegraph has published an article on how to minimize Stamp Duty. The article can be seen here (subscription may be necessary)
The full budget can be seen here. In summary: Housing mentioned 19 times All were vague with no specifics for either PRS or SRS Levelling up - Devolved to local authorities Affordable housing 2021 spending review £24 Bn Ambition to deliver 300,000 new homes -...
The British Property Federation is calling on the government to use next week’s Budget to zero-rate VAT on work which allows homes to improve their energy efficiency. The BPF argues that the government has a critical role to play in supporting property owners and...
According to market analyst TwentyCi house prices have already plunged by almost a fifth in some areas, with the biggest drop being in Southampton, where agreed sales prices nosedived from a peak of £463,000 in June to £383,350 last month. Additionally, Jonathan...
An extra 356,000 UK mortgage borrowers could face payment difficulties by the end of June 2024, in addition to those who are already behind, according to the City regulator. This has been reduced from a previous estimate made last September that an additional 570,000...
The House of Commons Library has issued a report on the Local Housing Allowance (LHA). It can be seen here, and says: What is Local Housing Allowance (LHA) LHA is not a benefit in its own right. It sets maximum amounts claimants of Universal Credit and Housing Benefit...
The Royal Institute of Chartered Surveyors (RICS) UK residential market survey has been published, and can be seen here. They report that new buyer enquiries is reduced on a seasonally-adjusted basis, but has shown improvement on last month. As they put it ‘it is...
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Virgin Money UK said it has agreed to a takeover by Nationwide Building Society. Under the Nationwide over, Virgin...
The latest Halifax house price index reveals several trends in the UK property market: Overall Growth: Average house...