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The Nationwide House Price Index for November is reporting annual growth rising to 6.5%, the highest rate since Jan 2015 and up 0.9% month-on-month, after taking account of seasonal factors. The latest average house price for the UK now stands at £229,721. Robert Gardner, Nationwide's Chief Economist, said: “Annual house price growth accelerated from 5.8%in October to 6.5% in November the highest since January 2015. House prices rose by 0.9% month-on-month in November after

In addition to the temporary ban on evictions implemented to help sustain tenancies and prevent homelessness during the COVID-19 pandemic, since re-opening, the courts have now introduced Review Hearings. The reason given for this is to enable them to prioritise the most urgent eviction cases. Landlord Action has set up a team to handle the additional workload caused, but Review Hearings are adding time and cost to landlords’ existing cases. The purpose of the new Review Hearing

I am about to sell a rental property which will generate a capital gain which I will need to pay within 30 days. Can anyone advise me how to calculate my income from the property so that I can calculate what I owe bearing in mind that there are 4 months before the end of the tax year? I am likely to complete on my property sale on 7/12/20. To calculate the CGT that I owe, the HMRC calculator requires me to input my income for the tax year 20/21 and we have 4 months to go before th

The PRA has highlighted to lenders that section 24 rental income tax changes have made BTL investments more expensive for high rate taxpayers and lenders are not fully accounting for this when assessing affordability. Banks routinely look for a minimum stress testing or Interest Cover Rate (ICR) of 125% calculated against monthly interest at a notional rate. This calculation reflects the amount of gross rental income required for landlords to breakeven, factoring in the costs of m

The celebrations usually involve holding a glittering evening of fine dining and entertainment to announce the winners. Although a very different way of celebrating this year, it is even more important to ensure we continue to celebrate the very best of the property investment sector....

Now celebrating its 10th year, the Property Investors Awards 2020 is taking place online. This year’s award winners will be announced as a ‘premiere’ on Youtube, Saturday 28th Nov at 7 pm. The ceremony is hosted by Ranjan Bhattacharya and Cyril Thomas who will reveal this years property investor award winners across 11 categories....

A package to build more homes, end rough sleeping and support and level up communities across England  has been welcomed by Secretary of State Robert Jenrick today. The measures were unveiled by the Chancellor as part of yesterday’s Spending Review....

After the tenant fee ban, can landlords now ask for three months rolling rent in advance rather than normal one month in advance? This is not the case where the tenant pays rent every 3 months, but is that the tenant pays three months rent at the start of the tenancy and then keeps paying monthly rent for each month going forward....