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..
New research suggests that many young people in Britain are pessimistic about their likelihood of ever Home ownership. According to a survey from the Building Societies Association (BSA), 70% of us say that the difficulties young people have getting onto the housing ladder is one of the biggest problems we have in Britain today. This is..
If you have kept up to date with the property news in recent years you will have noticed that the number of homeowners in England has been declining. The government even built new homes to encourage people onto the property ladder. At the end of April 2017, the number of homes in England rose by..
The Government has responded to an e-petition, with over 15,000 signatures (at the time of writing this), calling for the re-introduction of full mortgage interest relief and the abolition the 3% stamp duty surcharge. This petition is still running, and asks the government to rethink the current “tax raid” on landlords. Here is the petition..
Residential transaction in the UK reached almost 100,000 in April 2017, some 20.3% higher than the same month last year, the latest official figures show. There were 99,910 residential transactions and 9,980 non-residential sales. However, this was down by 3.2% month on month, according to the data published by HMRC and April 2016 saw sales..
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Housing market analysts are predicting a slowdown in the UK following the recent increase in Stamp Duty for additional properties. This follows an increase in the purchase of properties for buy-to-let in a bid to beat the introduction of a surcharge of 3% or more for additional properties in the duty. Our handy, simple to..