Making a statement
Posted by: Titlesolv
The country's housing shortage topped Chancellor Philip Hammond's Autumn Statement in November, who promised to deliver a housing market that works for everyone.
Buy-to-let under pressure
Posted by: Titlesolv
Buy-to-let lenders are facing a double whammy, and as a result, will start to stress-test buyers at a higher threshold from January 2017.
Interesting times for landlords
Posted by: Titlesolv
Landlords in the buy-to-let market have faced a double-whammy. Not only did the former Chancellor of the Exchequer introduce a new stamp duty land tax surcharge on buy-to-let properties in April, but as of 2017, tax relief on mortgage interest will be phased out to be replaced with a capped tax credit. If that wasn't enough, in response to new affordability checks currently under consultation by the Bank of England, some of the UK's biggest lenders including The Mortgage Works (TWM) and Barclays raised a key affordability threshold in the spring.
Buy-To-Let Transformation
Posted by: Titlesolv
It's been a bumpy ride for the buy-to-let market as the government, through various measures, attempts to slow down a sector dominated by private landlords. The intention is an honourable one as it aims to ease the housing shortage while increasing home ownership. Approximately 1.4 million people in the UK are currently landlords, and many may now need to reconsider their investments as the introduction of universal credit together with other changes put increasing pressure on them.
Providing strong foundations?
Posted by: Titlesolv
The Government's proposed planning and housing sector reforms attempt to address the housing shortage, but what do they signify for housebuilders and what are some of the corollary implications for funders and solicitors who act for these parties?
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