Tax & Other Financial

UK Nationwide house prices fell by 0.9% in October month-on-month versus zero growth for September. House prices grew by 7.2% year-on-year falling short of analysts’ expectations and dropping from the prior month’s reading of 9.5%. This is a significant miss both in...

On 20 October 2022 32 homelessness organisations from across England, coordinated by Homeless Link, wrote to the Chancellor Jeremy Hunt. The letter calls on the Chancellor to implement a rise, in line with inflation, for homelessness financial support in the coming...

On 17 October 2022 the Ministry of Justice announced reforms to the former Housing Possession Court Duty Scheme by which an extra £10 million per year will be invested in housing legal aid in order to enable people to access legal advice if they should face the risk...

A number of buy-to-let landlords will be forced to raise their rents to prevent their properties from being un-mortgageable amid rising interest rates, new research shows. Nine in ten respondents to a new survey of landlords 600 have either already increased rents, or...

The total number of companies set up to hold buy-to-let property has doubled since 2017 and now stands at over 300,000, according to analysis. The increase is down to existing landlords moving properties into company names for tax benefits, Hamptons found.  Around 40...

Cities have driven house price growth in the UK this year, leaving the suburbs lagging behind, according to research. Since the start of the year, as people have gradually returned to the office, property prices across Britain's cities have typically grown by 9.2%,...

The Sunday Times have published an article wondering if the days of the small landlords are numbered. The article can be seen here (subscription might be required) and states “To keep up with the rising cost of buying, maintaining and letting a property, he faces a...

The House of Commons Library has just released it's regular report on economic indicators in the housing market It can be seen here, and says: Housing Market House prices, as measured by the UK House Price Index,  increased by 13.6% between August 2021 and August...

Jeremy Hunt’s firm grasp of fiscal policy after the market turmoil of recent weeks won’t stop what one housing expert calls “a mass exodus of landlords” in the near future. Jonathan Rolande of the National Association of Property Buyers says: “The grim reality is that...