Latest News
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Short-Term Let Profits Drying Up?
Is the party over for holiday let landlords? New research shows that while the number of holiday lets is booming, the number of people booking them is dropping, meaning many landlords could be facing a financial headache. It seems that many landlords have been drawn to the promise of higher profits from holiday lets. Over…
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Portfolio Landlords Believe Election Won’t Shake Up Property Empire
Don’t worry, landlords! The upcoming election won’t send your buy-to-let empire crashing down, according to new research from Zero Deposit. 82% of landlords have kept their buy-to-let portfolios the same size, despite a barrage of changes from the Conservative government. These include tweaks to mortgage tax relief, heftier stamp duty on additional homes, and the…
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Builders Demand Action: Planning System Needs a Tune-Up
The British Property Federation (BPF) is calling on the next government to give the UK’s planning system a much-needed overhaul. They’re saying: “Don’t throw the baby out with the bathwater!” – no radical rewrites, just a few key changes that will get things moving again. The BPF argues that the current system is holding back…
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Airbnb Warning – Tax Changes & Empty Properties Could Leave Landlords Out of Pocket
Landlords, especially those running Airbnb and other short-let properties, are facing a double whammy: new tax rules and falling occupancy rates could leave them with less money in their pockets. Tax Trouble on the Horizon The government has axed tax breaks for Furnished Holiday Lettings (FHL) properties, meaning landlords will have to pay more tax…
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Will the Bank of England Finally Interest Cut Rates?
Homeowners across the UK are feeling the pinch as interest rates remain stubbornly high. With inflation expected to fall back to the Bank of England’s 2% target, many are hoping for some much-needed relief. The big question on everyone’s mind is: will the Bank of England finally cut interest rates? The latest figures show that…
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Credit Card Debt Could Wreck Your Mortgage Hopes, Experts Explain
Mortgage hopefuls are being warned about their credit card debt by experts, with new data revealing the true scale of borrowing in the UK. The warning comes as UK Finance, the banking trade body, revealed that outstanding credit card balances have shot up by 9.9% in the year to March 2024. That means almost half…
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Landlords Beware – Renters Are Hitting Crisis Point
It’s a tough time to be a renter in the UK. Prices are soaring, and many are struggling to make ends meet. The cost-of-living crisis is hitting renters hard. Rent prices are up 8.9% in the last year, with tenants paying over £100 more per month on average. And it’s only getting worse. Here’s the…
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Get More Cash Upfront – Assetz Capital Gives Developers a Boost
Property developers, Assetz Capital is giving you a helping hand with your cashflow. They’re offering bigger upfront payments on development loans, designed to make life easier for builders right from the start. Previously, Assetz Capital offered loans up to 70% of the estimated total value of a project (known as Loan to Gross Development Value,…
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Suffolk BS Slashes Rates for Expat BTL Mortgages
Looking to invest in UK property from abroad? Suffolk Building Society is making it easier and cheaper than ever! They’ve just slashed rates on their expat holiday let and buy-to-let mortgages, giving you more money in your pocket. Suffolk Building Society has announced they’ve reduced their rates by as much as 30 basis points (bps).…
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Yorkshire House Prices Rise in Latest Rightmove Report
While the average UK house price dipped slightly this June to £375,110 (that’s just £21 less than May), Yorkshire has seen a 2.8% rise in property values over the past year. That means the average house price in the county is now a healthy £254,020. It’s not just Yorkshire riding the wave – the North…