Almost 13,000 offshore companies holding UK property have failed to declare their ultimate owners and may now face fines and a ban on selling their land, the government has said. Martin Callanan, a business minister, praised the introduction of the new register of...
UK Nationwide house prices grew by 1.1% year-on-year in January, falling short of estimates for growth of 1.9%. On a monthly basis, the figure declined by 0.6% also underperforming forecasts for a decline of 0.3%, representing the fifth consecutive monthly drop....
If you bought properties before August 1st 2022 with an overseas ‘entity’ you should register with Companies House by January 31st this year. To register with companies house, follow the steps here. The register will be publicly available and HMRC.
What Mortgage have run an article that it is their belief that now is the time to invest in property. Commencing 'Would-be landlords may have been put off investing in a new property because of soaring mortgage rates. But, says Richard Campo, there are some market...
The Office for National Statistics has published data showing that more than 1.4 million households in the UK are facing the prospect of interest rate rises when they renew their fixed rate mortgages in 2023. The majority of fixed rate mortgages in the UK (57 per...
On 9 January 2023 the Resolution Foundation published a report finding that typical household disposable incomes for working-age families are likely to fall by 3 per cent this financial year, and by 4 per cent next year, with the two-year cost-of-living increase set...
The House of Commons has released its latest indicators on house prices, etc. It can be seen here, and says: House prices, as measured by the UK House Price Index, increased by 10.3% between November 2021 and November 2022. On a seasonally adjusted basis, average...
According to the latest Rightmove house price index, prices rose 0.9% month-on-month, swinging from a 2.1% decline in December. It was the biggest January rise since 2020, while year-on-year, house prices jumped 6.3%. The average asking price now stood at £362,438,...
On 23 December 2022 the DLUHC announced that a Homeless Prevention Grant comprising £654 million in funding will enable councils to target support at those who need it the most including vulnerable families and people at risk of rough sleeping. £24 million will be...
A petition that was launched to reinstate tax relief allowing a landlord’s mortgage interest to be set against rental income has now reached 20,201 signatures – and has seen another well-known backer step forward. The petition was started by landlord Simon Foster who...
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Dorset councillors have recently approved proposals to implement a council tax premium on second homes and to tighten...
A case involving Michael and Bridget Brown, who attempted to avoid Stamp Duty Land Tax (SDLT) by using a tax...
Data released by UK Finance indicates a significant decline in new buy-to-let (BTL) mortgage borrowing among older...