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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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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

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Electronic mortgages likely to be introduced in England and Wales

The Land Registry in England and Wales has launched a consultation on proposals to allow it to introduce new digital conveyancing and registration including e-mortgages. It is seeking responses from the property industry and individuals to changes that will allow it to change the rules so it can move forward with fully digital conveyancing documents […] The post Electronic mortgages likely to be introduced in England and Wales appeared first on PropertyWire . Continue reading

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