Tag: Hamptons
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Short-Let Platforms Will Pass Property Owners’ Tax Info to HMRC
Significant changes are on the horizon concerning how income from holiday home investments is reported to HM Revenue and Customs (HMRC). These changes, expected to come into effect from January 2024, form part of a broader initiative to ensure tax compliance across various income streams, many of which have been popularised by the digital age.…
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A Rocky Climate for Landlords
Recent market conditions have proven challenging for landlords. Factors such as climbing interest rates, unstable swap markets, and strained affordability assessments are hindering the acquisition of new properties and the remortgaging of existing ones. Compounding these financial pressures is the reduced assortment of available mortgage deals. The Department for Levelling Up, Housing & Communities (DLUHC),…
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How to Pick an Estate Agent to Sell Your House
For many, selling a property is one of the most significant decisions they’ll ever make. Thus, selecting an estate agent to represent your interests can’t be taken lightly. The right choice can turn the usually daunting process into a smooth journey, while a misstep could lead to months of stress, potential price reductions, and ultimately,…
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Crucial Time for Buy-to-Let Sector
The UK property investment sector, particularly the buy-to-let (BTL) market, is going through a tricky period. The economic landscape, heavily influenced by various factors including housing regulations, tax changes and mortgage interest rates, is creating a challenging environment for landlords. The Task Ahead for Landlords Rachel Springall, finance expert at Moneyfactscompare.co.uk, underscores the importance of…
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Tenants Offering to Overpay by 30% as Rental Demand Surges
With the surge in property demand in recent times, we’ve seen some remarkable shifts in the rental market. Potential tenants are offering considerably more than the advertised rent, some up to a whopping 30%. This development is a clear response to the increased demand for rental properties, which has overtaken supply. This growing trend comes…
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BTL Mortgages – Declining Fixed Rates and Increasing Product Availability
In a surprising turn of events, the number of buy-to-let (BTL) products available on the market has nearly tripled from the previous year. This trend is based on research from Moneyfacts, which highlights an increase from 988 BTL offerings available in October of last year to 2,581 options this year. We’re not only seeing this…
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UK’s Rental Hotspots: Why the South Coast is Soaring
When we talk about the rental market, we often think of the bustling streets of London. However, recent data paints a very different picture, one where the south coast and other regions are seeing an impressive surge in demand. Let’s dive in to see what’s happening. The South Coast Steals the Spotlight Regions on the…
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Is the Landlord Exodus a Reality?
The UK’s rental property landscape has long been an area of contention and discussion. A landlord exodus, which could see many properties exit the rental market, has been a pressing concern. Property118 considered whether it is as significant as it seems. The Landlord Exodus: Separating Fact from Fiction We’ve often come across headlines about a…
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Bloomberg – UK BTL is Past its Prime
An opinion-piece in Bloomberg echoes what many pundits are saying about the Buy-to-Let market in Britain. Summary – The property market, especially the buy-to-let sector, has long been a go-to investment option for many in the UK. The allure of passive income, property appreciation, and the dream of being a landlord has drawn countless investors.…
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House Prices Still Rising in Some Areas
Although recent data indicates a national downward trend in house prices, the devil, as they say, is in the details. Nationwide and Halifax, two leading mortgage lenders, have reported that property values have decreased by 5.3% and 4.6% respectively since their peak last summer. However, official figures from the ONS / Land Registry, based on…