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Low mortgage and interest rates in UK benefitting remortgagers

Remortgaging property owners in the UK are taking full advantage of record low interest rates and the cut to the Bank Rate according to the latest research from surveyors. In October the number of remortgage valuations was 16.8% higher than it was in October 2015 as home owners locked into attractive deals, says the report […] The post Low mortgage and interest rates in UK benefitting remortgagers appeared first on PropertyWire . Continue reading

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Residential rents up 2.3% year on year in UK

Private rental sector prices paid by tenants in Britain increased by 2.3% in the 12 months to September 2016, unchanged compared with the year to August 2016, the latest official data shows. There is some regional variation with the data from the Office of National Statistics (ONS) showing rents up by 2.5% in England and […] The post Residential rents up 2.3% year on year in UK appeared first on PropertyWire . Continue reading

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Landlords urge UK to follow Irish example and abolish change to tax relief

A decision by Ireland to reverse its policy preventing residential landlords from claiming full mortgage interest tax relief on their rental income should send a powerful message to the UK, according to campaigners. Britain is due to introduce a similar policy in April 2017 which is widely opposed by landlords, trade organisations and tenants amid […] The post Landlords urge UK to follow Irish example and abolish change to tax relief appeared first on PropertyWire . Continue reading

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