Landlords need to be ready for 2020 tax changes

27 Jan 2020

The number of property investors in the UK has increased significantly in the last decade, with many choosing to let out property to supplement their income or provide security in retirement. However, this meteoric rise in second homeowners has led to the Government introducing several tax changes that have made renting property less profitable, which […]

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Tenant demand drives record high UK rents

06 Nov 2019

ARLA Propertymark, the trade body for lettings agents, has revealed that the number of tenants experiencing rent rises rose to a record amount during August this year. According to their latest figures, 64 per cent of agents recorded rent rises during the month, up from 63 per cent in the previous month. However, year-on-year this […]

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First-time buyer demand strong

06 Nov 2019

The latest data from UK Finance has shown that the number of first-time buyers entering the UK property market has grown. The latest figures from the UK financial services trade body show that 32,640 first-time buyer mortgages were completed in July – an increase of almost six per cent on the previous year’s numbers. During […]

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UK’s second homes now worth nearly £1 trillion

02 Jul 2019

The value of UK residents’ second homes, buy-to-let properties and overseas properties rose from £610 billion in 2001 to £941 billion earlier this decade. Meanwhile, the number of adults in the UK who own additional properties has more than doubled since the Millennium to around 5.5 million. A key driver of the growth appears to […]

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Labour party proposes stamp duty overhaul

02 Jul 2019

The Labour party is proposing an overhaul to the Stamp Duty Land Tax (SDLT), with the details presented in an independent review that they have commissioned. The report is entitled ‘Land for Money’ and it reviews property tax and land usage. Overhauling SDLT is one of the key proposals, with the report calling for the […]

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