A new Housing Complaints Resolution Service will be established by the government with private landlords being legally compelled to join an existing housing redress scheme or be fined. The Housing Complaints Resolution Service will provide a single point of access to...
Read moreIf you’re thinking about finding a new home this year and have a property to sell, you may already be aware that a purchase will likely be dependent on finding a buyer for your current home. Nobody wants a lengthy house sale. Aside from the fact that it’s...
Read moreOn the same day that data from Nationwide showed that house prices across the country increased by only 0. 5% during 2018, the Bank of England’s figures for November last year revealed that approvals had fallen from the previous month and from the same month in 2017....
Read moreChanges to the income tax treatment of buy-to-let may have been announced some time ago, but the financial impact of these changes are only just starting to hit landlords in the pocket. With tax returns for 2017-2018 now being submitted ahead of the end of January...
Read moreThe Help to Buy equity loan scheme recorded its busiest quarter in the three months to June since being launched in 2013. According to official data, April to June saw 14,867 Help to Buy equity loan completions with loans worth £962m in England. In the first half...
Read moreBuying a second home and moving up the property ladder is more difficult than buying a home for the first time, 60 per cent of ‘second steppers’ claim. With uncertainty about how the property market will fare after Brexit and the costs involved in buying...
Read moreFrom 1 October 2018, any rental property occupied by five or more tenants as their only or main residence must be licensed if the tenants share kitchen or bathroom facilities. The property can occupy any number of floors. This follows a change in the law regarding...
Read moreTogether has extended the maximum term on its residential mortgage products to 40 years in an effort to help more first-time buyers get on the property ladder. The extension will help bring down the monthly cost of borrowing for buyers struggling with high house...
Read moreHouse prices being offered dropped by 2. 3% in August while home-movers who want to move in by Christmas should be active in the market now, according to Rightmove. Estate agent Connells said it had re-launched 5,000 properties with substantial reductions since the...
Read moreMonetary Policy Committee Announcement and Minutes At its meeting ending on 1 August 2018, the MPC voted unanimously to increase Bank Rate by 0. 25 percentage points, to 0. 75%. The Committee voted unanimously to maintain the stock of sterling non-financial...
Read moreBank statements provide lenders an insight into the lives of prospective borrowers, but some activities could result in an application unexpectedly being turned down. Providers are looking for any clues that customers may struggle to keep up with repayments in the...
Read moreIf you’re a Landlord aged over 55, you may be interested in one of Retirement Advantage’s Over 55 Buy-to-Let Options. Release cash tax free from Buy-to-Let properties The Over 55 Buy-to-Let Options are secured on a Buy-to-Let property. They allow Landlords to release...
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