Latest News
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Zephyr Homeloans’ Latest BTL Offerings
Zephyr Homeloans, a specialist in the buy-to-let (BTL) mortgage market, has recently announced significant changes to its mortgage product offerings. A standout feature of Zephyr Homeloans’ latest update is the introduction of a two-year fixed rate mortgage. This deal is set at a 65% loan-to-value (LTV) ratio, offering a fixed interest rate of 5.35% for…
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Limited Companies for Landlords: Understanding the Finance Act
Section 24 of the Finance Act 2015 significantly altered the tax landscape for landlords. This legislation limits the tax relief that individuals can claim on property finance costs, potentially increasing tax burdens for landlords, even in non-profit scenarios. It’s crucial for landlords to understand these changes as they explore ways to navigate ongoing tax challenges,…
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Renters Reform Bill Will Stop Benefits Bans
One of the primary new amendments in the Renters Reform Bill is the prohibition of discriminatory letting practices. Landlords and letting agents will no longer be allowed to reject potential renters solely based on their family status, such as having children, or their financial situation, like being on benefits. This move aims to create a…
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Landlords Switch to Short-Term Letting in London
Recent data reveals a shift from traditional long-term rentals to short-term lets in the capital. This change reflects landlords’ evolving strategies to optimize returns from their property investments. The Emergence of Short-Term Lets Propalt, a property analysis firm, has uncovered that approximately 20% of short-term lets in London were previously long-term rentals. This finding stems…
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Transforming Travel: Airbnb’s AI Revolution
Airbnb, under the leadership of co-founder and CEO Brian Chesky, is making significant strides in the realm of technology, particularly in artificial intelligence (AI). Chesky acknowledges that while Airbnb has faced various technical challenges, including issues with the reliability and consistency of its listings, the company is turning a corner with innovative solutions. One such…
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Global Luxury Property Prices Rise
Recent data from Knight Frank reveals that the average annual price growth in prime global city markets has seen a slight uptick, registering at 2.1% in Q3 2023. This figure marks a significant rebound from the 0.2% low experienced in the first quarter of the year. This increase suggests that the global housing markets, including…
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Buying Property Abroad? Beware of these Pitfalls
Buying property abroad can be an exciting venture, but it also comes with unique challenges and pitfalls. Being well-informed and prepared is key to making a successful investment. Writing in PropertyReporter today, Christopher Nye from Your Overseas Home has highlighted several common mistakes that prospective buyers often make, and offers valuable advice on how to…
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Mortgage Rates Expected to Fall Below 4% by Year End
As we approach the end of the year, there’s an air of optimism for those dealing with mortgages. Thanks to lower-than-expected inflation figures, fixed-rate mortgages are projected to near 4% by year-end. This is a significant shift from earlier in the year and brings a sigh of relief for many. The Impact of Inflation on…
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Landlords’ Mortgage Rates Continue Falling
Buy-to-let mortgage rates are on the decrease, following a period of heightened rates that had been a major challenge across the housing market. This change is easing the affordability pressures for many landlords. It’s a welcome development, especially in light of the recent preference for cash buyers in the property investment space. Why Are Rates…
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Big Six Banks’ Mortgage Rates Now Under 5%
Britain’s “big six” banks have made a significant move by cutting their mortgage rates to below 5 percent. This change comes after a period of inflation decline, which is good news for potential homebuyers and those looking to refinance their homes. Barclays, a major player in the banking sector, has announced a reduction in its…