The Telegraph is running an article on the possible outcome of the Autumn statement on landlords. The article can be seen here (subscription might be necessary), and says: Landlords will lose thousands of pounds in sale profits under proposals which would be a fresh...
UK HALIFAX HOUSE PRICE INDEX UK house prices fell by 0.4% month-on-month in October versus a 0.1% drop in the previous month. Annual house price growth came in at 8.3%, slowing from 9.8% in September. There was a notable slowdown in October’s annual house price...
More than 138,000 residential and commercial properties in England and Wales are owned by offshore companies, with holdings in London worth a combined £55bn, according to research shared with the Guardian. The findings come as the government begins a crackdown to...
Property118 are running a blog on the possible matters that might be in the Autumn statement next week, predicting a large squeeze on landlords. The blog can be seen here, and says (note that the revised EPC rating has not yet been published): The government will...
In its property income review, released on 1 November, the Office of Tax Simplification (OTS) makes some strong recommendations to improve aspects of Making Tax Digital for income tax self assessment (MTD ITSA) that affect residential landlords. The MTD ITSA...
Hasan from Home-share.co.uk has posted a blog stating 'Early Indications Medway’s Housing Market Is Slowing… Will It Crash?' The whole blog can be seen here, and says: Over the past couple of weeks, I’ve been carefully gauging the local market and reached a conclusion...
The Bank of England has raised interest rates by 0.75percentage points to 3% - the biggest hike since 1989 See the comment on this from our colleagues at Mortgage for Business.
Estate Agent Today has published an article by the MD of the Open Property Group on the potential finacial future of landlords. It can be seen here, and says: Mortgage rate hikes have already halved landlord profits according to latest research, and a base rate rise...
The BBC have run a piece on the danger to tenants with higher mortgae rates forcing out landlords. It can be seen here, and says: Renters could find it more difficult to find properties in the next year or two as landlords struggle with higher mortgage rates,...
A recent study by Crisis and Zoopla established that just 11% of one-bedroom properties in England are now affordable to renters on Local Housing Allowance – that’s down from 17% in April. They also established that the proportion of affordable two-bedroom properties...
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There are several problems facing tenants at the moment: Rising Rents: Tenants faced a significant increase in rental...
The Government has just published the UK House Price Index, which can be seen in full here. In summary, headline...