Research by Quilter suggests that landlords could face significant increases in capital gains tax (CGT) if Chancellor Rachel Reeves adjusts CGT rates to match income tax rates in her upcoming Budget on October 30th. This move is considered as a measure to address a...
The Telegraph has published an article entitled 'Labour plots fresh war on landlords'. It can be seen here (subscription may be necessary), and in summary says: Hardship Tests for Tenant Evictions The new Labour government is set to introduce 'hardship tests' to make...
A Propertymark report sheds light on the significant and far-reaching consequences of the Conservative government’s phased removal of mortgage interest rate relief under Section 24 of the Finance (No.2) Act 2015. Introduced by former Chancellor George Osborne, the...
Zoopla Research: Two-Bed Terraced Homes Lead Fastest Sales in England and Wales Recent research by Zoopla reveals that two-bed terraced homes are the fastest-selling property type in England and Wales, with sales agreements typically reached in just 27 days, compared...
Recent data from the Bank of England reveals a slight decline in mortgage approvals in June, indicating a potential stabilisation in the UK's housing market. Key Data Points Net Mortgage Approvals: June: 59,976 May: 60,134 March Peak: 61,080 June 2023: 53,620...
The average inheritance tax (IHT) bill in the UK for the 2021/22 tax year has reached an unprecedented high of £215,000, reflecting a broader trend of increasing IHT burdens due to rising property prices and accumulated savings. Here's a detailed analysis of the...
Recent tax changes and regulations are exacerbating Britain's housing crisis by discouraging buy-to-let landlords from entering or remaining in the market, according to property experts Guy Gittins, chief executive of letting agents Foxtons, and Charlie Bryant, chief...
The Leasehold and Freehold Reform Act 2024 received royal assent on May 24, 2024, and represents a significant overhaul of leasehold and freehold property laws in England and Wales. The act aims to improve consumer choice and fairness in leasehold arrangements, taking...
Southwark Council has shelved £160 million worth of developments, including three projects scheduled for completion next year and one in 2026, which would have provided 231 new social rent homes. A Freedom of Information (FOI) request by Inside Housing revealed that...
A building society has indicated that the combination of the UK Labour government’s housing proposals and a regional plan for 20,000 low-carbon homes for rent could signal “a new dawn” for the housing market in the latter half of 2024. The Principality Building...
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The ONS has just released its Private rent and house prices, UK: September 2024. The full report can be seen here, and...
The Telegraph has published an article outlining the potential for landlords under Labour. The original article can be...
As the UK anticipates the October Budget, landlords in the Private Rented Sector (PRS) are facing uncertainty,...