Tax & Other Financial

Mortgage Introducer have reported on research carried out has revealed the cost of rectifying damage caused by tenants can run into thousands of pounds. It can be seen here, and says: If a rogue tenant occupies a property for up to nine months and fails to pay rent,...

HM Treasury has announced the appointment of Ashley Alder as the new chair of the Financial Conduct Authority (FCA). The newly appointed chair is expected to take up his role in January and begin his five-year term. Alder is currently chief executive officer of the...

UK house price growth accelerated in June, defying expectations that the market will cool as consumers face pressure from rampant inflation, figures. According to Halifax, UK house prices rose 13% yearly in June, the strongest growth since late 2004, accelerating from...

More than 2m households have missed a bill payment every month this year as people struggle to keep their heads above water in a “relentless cost of living crisis”, according to new research from consumer group Which?. In June an estimated 2.1m households missed or...

While traditional buy to let landlords are selling down their portfolios, companies such as this are raising funds from institutional investors to buy houses to rent to charities, etc on 25 full repairing leases. Home REIT PLC - London-based homeless accommodation...

Landlords are still enjoying substantial capital appreciation - but the latest Zoopla house price index reveals the lowest rate of monthly price growth since December 2019. The property market in the South West remains the most buoyant with the average property taking...

The House of Commons have released a report on the key economic indicators for houehold debt. It can be seen here, and says: Household debt as a % of disposable income Household debt peaked in Q2 2008 at 151.5% of household disposable income. It then declined to...

This morning (Friday, 1 July 2022) on BBC's Today program (06:16), Steve Hughs, Chief Executive of the Coventry Building Society, confirmed that their buy to let business are seeing a net exodus of landlords, as they sell up, quoting changes in tax and legislation as...