UK Mortgage & Property Related News
Labour’s anti-landlord stance will hurt tenants, claims an industry boss.
Purplebricks’ chief executive, Sam Mitchell, told The Telegraph that Labour’s proposed tax hike rumours have fuelled anxiety in the property market.
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Buy-to-let landlords are being hit by higher interest rates, higher costs and a less friendly tax regime.
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Tom Entwistle gives his tips on surviving and thriving in the buy-to-let business after the new bill becomes law.
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It’s a strange conundrum. While it might seem logical to try to get more landlords competing to drive down renting costs, it seems like the new government is happy to make things more difficult for landlords
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Although the Bank of England has held its base rate steady, lenders are getting ahead of the competition leading to falling buy-to-let mortgage rates.
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With the Autumn Budget looming large in the minds of landlords, some have decided to sell up in order to avoid higher costs now and a possible capital gains tax raid in future.
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It’s a tough time for landlords, with new legislations, CGT tax rises, incorporation challenges, EPC requirements, The Renters Rights Bill and mounting financial pressures, there’s no surprise that many landlords are looking to sell.
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A landlord in Colchester has been handed a £5,000 civil penalty notice for failing to license his unsafe HMO.
Following a complaint made one of the tenants, the council’s private sector housing team discovered that a family of four and two unrelated men were living in a four-bedroom flat.
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Higher borrowing costs, a reduction in tax relief on additional homes, plus more stringent requirements for landlords under the new Renters’ Rights Bill, are combining to take much of the shine off buy-to-let as an investment.
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The huge imbalance between supply and demand in the private rental sector will continue into 2025, says Zoopla.
It says that the demand for rented housing has slowed as one -ff pandemic factors start to fade and lower mortgage rates help some renters buy their first home.
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