Stamp Duty
Tax change could result in UK landlords putting up rents by 20% to 30%
Tenants in the UK private rented sector face potential rent increases of up to 30% as a result of tax changes, it is claimed in a new analysis report. Tax changes, including the 3% extra stamp duty on additional properties, that have affected landlords are having a negative effect on the supply of rental properties […] The post Tax change could result in UK landlords putting up rents by 20% to 30% appeared first on PropertyWire . Continue reading →
Prime property market in London still hit by tax, politics and the economy
Higher taxes and political and economic uncertainty have continued to suppress prime London residential values throughout 2016, according to new research. However, as prices have become more aligned with buyer expectations of value, the market has become more fluid, says the report from real estate firm Savills. Average house prices across the prime property market […] The post Prime property market in London still hit by tax, politics and the economy appeared first on PropertyWire . Continue reading →
This year set to see little growth in home lending in UK, says CML
Last year could have been a potentially destabilising year of regulatory and political change for the UK mortgage market but it was resilient and adaptable and looking ahead challenges will continue in 2017. Indeed, the Council of Mortgage Lenders (CML) does not expect much growth in 2017 even although home owner house purchase lending increased […] The post This year set to see little growth in home lending in UK, says CML appeared first on PropertyWire . Continue reading →