Property Tax

Tougher lending criteria and tax change set to affect majority of UK landlords

The majority of landlords in the UK believe they will be affected by the new tougher mortgage affordability tests and by income tax changes due to be introduced in April of this year. Some 60% said they believe they will be directly affected by income tax relief changes but 29% said that they would not, […] The post Tougher lending criteria and tax change set to affect majority of UK landlords appeared first on PropertyWire . Continue reading

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Prime country property prices in UK fell marginally in final quarter of 2016

Prime country property values in the UK fell by 0.4% between October and December, the third consecutive quarter in which prices have fallen, the latest data shows. The property tax stamp duty continues to be the biggest drag on the top end of the prime country regional market with higher purchase costs contributing to the […] The post Prime country property prices in UK fell marginally in final quarter of 2016 appeared first on PropertyWire . Continue reading

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Lenders’ organisation in UK wants stamp duty reformed in 2017

Looking ahead to 2017 the Council of Mortgage Lenders believes that stamp duty needs to be reformed as it is one of the biggest barriers to home ownership. The CML, which represents over 90% of home lenders in the UK, says that the property tax paid by buyers, which rises with the price, is preventing […] The post Lenders’ organisation in UK wants stamp duty reformed in 2017 appeared first on PropertyWire . Continue reading

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