All posts by Property118.com News Team
Bank of England steady the ship with a 0.25% Base Rate increase...
The Bank of England’s monetary policy committee (MPC) today voted by a majority of 7–2 to increase Bank Rate by 0.25%, to 4.25%. Two members of the MPC voted to keep the rate the same at 4%.
The...
DOUBLE WHAMMY FOR LANDLORDS Interest Rate Rises AND Section 24...
Until the recent interest rate rises started to bite into cashflow, many larger portfolio landlords had taken the decision to pay the extra tax resulting from the Section 24 restrictions on finance cost...
Hike in rented housing tax ‘costs Treasury £1.5bn’...
An independent analysis shows that tax changes in the private rented sector (PRS) have contributed to the loss of £1.5 billion in Treasury revenue.
The research was commissioned by the National Residential...
Property Deal of the Year XP Property...
Being dynamic and challenging the norm are the watchwords that have seen Jack Jiggens and Ben Richards from XP Property enjoy success in the property market.
The company specialises in delivering the highest...
Pressure builds for England’s landlords to meet EPC rules...
Time is running out for England’s landlords to meet the Government’s proposed deadline to improve rental property EPC ratings to a C, one homebuying firm says.
The Open Property Group says...
Rents still rising at below the rate of inflation...
Tenants in the UK have seen their private rents rise by 4.7% in the year to February – which is still below the annual rate of inflation.
The figures from the Office for National Statistics (ONS)...
UK house prices fall between December and January...
The average UK house price fell 1.1% between December and January, the latest Office for National Statistics (ONS) house price index reveals.
However, the average price was £289,819 – 6.3% higher...
Landlords upgrade property to enjoy rental and capital gains...
Standards in privately rented property are being boosted with four in five landlords upgrading each rental home they purchase, a survey reveals.
The findings from Paragon Bank found that 81% of landlords...
Fleet cuts rates on its two- and five-year fixes...
Fleet Mortgages has announced reduced product rates across its entire range of two-year and five-year fixed-rate products.
The buy-to-let specialist lender says that all two- and five-year fixes within...
Revealed: The imbalance of the property market...
Rental stock accounts for just 5% of available homes in some areas of England, according to new research.
The findings from the Gradual Homeownership provider, Wayhome, revealed in areas like the Isle...
Letting agent pens open letter to Michael Gove...
An estate and letting agent in Leeds has written an open letter to Michael Gove urging the Government to address the chronic shortage of rental properties available in the private rented sector (PRS).
Letting agents who ban children are breaking equality rules –...
The Property Ombudsman has ruled that a blanket ban on letting a property to a family with children is discriminatory against women and against its code of practice for the rented sector in England.
The...
Daily Telegraph wants to speak to landlords facing difficulties...
Are you landlord who is trying to retake possession of your properties and facing difficulties from the council? Then, Alexa Phillips, the personal finance reporter for the Telegraph would like to speak...
February sees the lowest property sales in a decade...
Data published by HMRC show that non-seasonally adjusted property sales were up 2% from January, to 76,920 in February – but this is down nearly a fifth from last year (18%).
However, the seasonally...
Landlords will undertake major EPC work in 2023...
Nearly half of UK landlords are looking to complete EPC improvement-related works over the next 12 months, according to a new survey.
The findings from Finbri reveal that 48% of landlords intend to complete...
Housing market shows signs of ‘green roots’...
As Spring approaches, one organisation says that the housing market is showing signs of ‘green roots’.
The Guild of Property Professionals says that despite the continuing cost-of-living crisis,
Council to buy 300 homes to deal with landlord repossessions...
One council has revealed that it’s going to buy 300 homes, worth up to £600,000 each, in a bid to provide emergency accommodation for those being made homeless.
Councillors at Lewisham Council have...
Property Trader of The Year Saif Derzi...
In 2015, Saif Derzi bought his first property, he then went on to buy 2 more properties in 2017 and incorporated his property investment and trading business in 2018. Fast forward 5 years and he has bought...
Landlords fear the scrapping of s21 – and are selling up...
The potential scrapping of section 21 worries a third of landlords and is a ‘driving force’ behind growing numbers selling up and leaving the private rented sector (PRS), a survey reveals.
Am I too old to increase my wealth?
Hello, Any suggestions/advice would be much appreciated. I have a property portfolio with low loan to value ( 20% ) and I am in my 70s and bored!!!
I don’t want to sell up and pay CGT, then IHT.
Housing market shows cautious signs of recovery...
Optimistic home sellers are not being deterred by rising mortgage rates and a property market slowdown, Rightmove reports.
In its latest house price index, the platform says that average asking prices...