Tag Archives: tax
Letting agent fee ban will lead to higher rents, industry warns
The decision by the Chancellor of the Exchequer to ban letting agent’s fees in England and Wales could backfire and end up leading to rent rises, according to the industry. Philip Hammond announced in his autumn statement that the ban will help 4.3 million households in private rental housing and stop them being hit by […] The post Letting agent fee ban will lead to higher rents, industry warns appeared first on PropertyWire . Continue reading →
New buy to let powers granted to Bank of England committee from early 2017
he Bank of England’s Financial Policy Committee (FPC) will be granted new powers by the Government to help it protect the financial system from future risks in the buy to let mortgage market. The FPC is responsible for identifying, monitoring and taking action to remove or reduce systemic risks in the financial system and these […] The post New buy to let powers granted to Bank of England committee from early 2017 appeared first on PropertyWire . Continue reading →
Residential asking prices in England and Wales down 1.1%
The asking price of property coming onto the market in England and Wales fell by 1.1% in November but it was a smaller drop than the 1.8% average over the last six years showing signs of a resilient market. The figures from the latest Rightmove residential index also show that prices are still 4.5% above […] The post Residential asking prices in England and Wales down 1.1% appeared first on PropertyWire . Continue reading →