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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

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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

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UK house prices ended 2016 with strong growth, latest index shows

House prices in the UK increased by 7.2% in the 12 month to December 2016 taking the average property value in the country to £219,544, the latest index data shows. Month on month prices increased by 1.4% since November 2016 taking the monthly index figure for the UK was 115.2, the figures from the Land […] The post UK house prices ended 2016 with strong growth, latest index shows appeared first on PropertyWire . Continue reading

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