Hundreds of thousands of struggling households in Great Britain risk missing out on government help to pay their energy bills this winter if they fail to make an application for financial support that opens on Monday, according to fuel poverty activists. About 800,000...
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Landlords look to commercial property instead of residential
Specialist lender Shawbrook are reporting that landlords frustrated by poor returns and high taxes in the buy to let arena are looking for ways to diversify investment with commercial property. Its recent research revealed that around 19 per cent of landlords are...
Pensioners trapped in their own homes
The Sunday Times is reporting on the problem of pensioners wants to downsize, but unable to the cost – 'paying stamp duty is just horrendous' quotes one pensioner. The article can be seen here (subscription may be necessary) and says: There are growing calls on the...
Hamptons say mortgage crisis is reducing the market
Landlords in the UK are paying 40 per cent more mortgage interest than in August 2022, forcing more of them to quit the sector warns Hamptons lettings agency. In August, mortgaged investors handed over an average of 37 per cent of their rental income in mortgage...
Rightmove latest House Price Index
Rightmove have just published their latest House Price Index, it can be seen here. It reported that asking prices edged higher by an average of £1,950 this month. Although new asking prices typically rise at this time of the year, the property portal says October’s...
Chancellor warned homelessness will rise if LHA freeze continues
The Telegraph is reporting on a letter sent to them regarding the freeze on the Local Housing Allowance (LHA), it can be seen in full here (subscription may be necessary), and says: Jeremy Hunt has been warned he will force more people into homelessness unless he...
Landlords now making a loss as profits have ‘evaporated’
The i news are reporting that many landlords are now making a loss in their least lucrative year since before the financial crisis, analysis from estate agency Savills shows.. The article can be read here (subscription may be necessary), and goes on to say that as...
Holiday home owners’ banking details to be handed over to taxman
Holiday home owners will have their bank account details scraped by HM Revenue and Customs (HMRC) as part of a global tax crackdown. From January 2024, rental platforms, food delivery apps, freelance websites and others facilitating various “side hustles” (an extra...
Councils spend £1.7bn on temporary accommodation amid homelessness ‘crisis’
Spending on temporary accommodation by council homelessness services in England rose to more than £1.7 billion in the year to March, with bed and breakfast costs up by a third. Housing charity Shelter branded the situation “outrageous” and “illogical”, accusing the...
Landlords urged to file their tax returns early rather than late
Landlords grappling with tax returns have been given some advice - file them sooner, rather than later. Data analysed by business consultancy Hargreaves Lansdown shows that almost 250,000 people filed a self-assessment tax return in the first week of the tax year - up...
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Study Reveals Trends in Londoners Moving to More Affordable Areas
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Gove to be evicted
As the Secretary of State for Housing, Michael Gove has faced numerous challenges addressing the UK's housing crisis....
Nearly Half of Landlords Plan to Invest in Property in the Next Year, Survey Reveals
A recent survey by specialist lender Landbay shows a significant rise in landlord confidence, with nearly half (44%)...