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Buy to let sector disappointed by UK Chancellor’s failure to address their concerns

There was disappointment for buy to let landlords in the UK when Chancellor Philip Hammond did nothing for the lettings sector when delivering his Spring Budget. It had been hoped that he might re-visit the extra 3% in stamp duty imposed by his predecessor last year on additional homes and that he might also reconsider […] The post Buy to let sector disappointed by UK Chancellor’s failure to address their concerns appeared first on PropertyWire . Continue reading

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Remortgages increased share of home lending market in UK last year

There was a definite shift in borrowing type in the UK housing market last year with remortgage business increasing in each quarter, new data shows. There was a 7% rise in remortgage borrowing with this sector accounting for 39% of all mortgages handled, according to the latest financial advisors confidence tracking index report from Paragon […] The post Remortgages increased share of home lending market in UK last year appeared first on PropertyWire . Continue reading

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Mayor of London urges short term letting agents to enforce 90 day limit

Short term letting agents in London are being urged by the city’s Mayor to follow Airbnb’s lead by blocking hosts from renting out homes in the capital for more than 90 days. Airbnb, which has about 50,000 listings in London, announced in December last year that it would place a block on its website so […] The post Mayor of London urges short term letting agents to enforce 90 day limit appeared first on PropertyWire . Continue reading

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