The latest house price index from the Office of National Statistics (there are others) illustrates how the property market is remaining in full flow across the UK. The March 2021 index shows that the average price of a UK property was £256,405 and the annual price change in UK property was 10.2%. House prices have..
Whether you are a seasoned landlord or simply harbour ideas of becoming a property investor, you are probably aware that picking out a buy-to-let property requires an entirely different approach than finding your forever home. From calculating rental yields to attracting suitable tenants, there are several important considerations when choosing a property to let. Stamp..
Mark Carney, the governor of the Bank of England, recently warned us that house prices could fall 35 per cent over the next three years due to the Brexit debacle putting buyers off. This worst case scenario has made buyers hesitate in completing purchases and has even seen some buyers pulling out of transactions completely. The..
We have our own house moving guide HERE, but take a look at this article from the independent for extra info on what first time buyers in London should know regarding the expenses involved in house purchase… Question: We are first-time buyers looking at a house priced £285,000. We know we will not have to pay stamp..
There have been a lot of enquiries lately about what how much tax you have to pay when you sell your home, or if you are selling a property you rent out. Below is an easily understandable set of answers from Eastern Daily Press. Don’t forget, you can easily calculate the amount of Stamp..
Completed house sales fell 5.7 per cent last month compared to last year as potential buyers were put off by stamp duty and higher prices in urban areas. House sales also declined three per cent between May and June to 96,370, according to HMRC figures. The Office for National Statistics’ house price index last week revealed that house price growth..
The number of amateur landlords buying new properties is in dramatic decline as recent tax changes come into effect. According to figures from trade body UK Finance, there were 5,500 new buy-to-let home mortgages completed in May, 9.8 per cent fewer than May last year. This could very well be because of the 3 per cent stamp duty..
Although residential property price growth in the UK has been fairly subdued of late, buy-to-let investors are still ably to expect a strong return on investments in certain areas over the next few years. With changes to buy-to-let tax relief and increases in stamp duty creating a challenging investor market, these locations offer a potential goldmine for the..
A new law is set to stop Airbnb hosts earning up to £7,500 tax-free when letting out their home – unless they’ are also staying there. AirBnB launched in 2009, and started by helping 21,000 guests a year find a place to stay – to helping six million a year go on holiday, and currently lists a..
It has been suggested The Bank of England should use its powers to freeze house prices for the next five years to reduce the chances of another financial crisis The Institute for Public Policy Research said that Britain needed to “reset” the way it thinks about rising prices to break the “cycle of ever-rising house..