Going up
Posted by: Titlesolv
Despite recent political uncertainties and fluctuations in sterling, in the longer term it seems likely that investors will continue to place their capital in UK real estate to obtain much-desired certainty.
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.
Funding dilemmas
Posted by: Titlesolv
The post-Brexit property market is proving to be unpredictable with all involved taking precautionary steps to guard themselves against any potential longer-term fallout. Following three years of growth the housing market had already been slowing in the months leading up to the referendum. The result certainly did not improve its fortunes. Perhaps unsurprisingly in the aftermath of the referendum result, the FT reported that homebuyers were now ?assessing the potential impact of the vote on house prices?.
A Renewed Outlook on Emissions
Posted by: Titlesolv
In accordance with the 1997 Kyoto Protocol industrialised nations pledged to cut their yearly carbon emissions as measured in six greenhouse gases by an average of 5.2% by 2012 as compared to 1990. This equated to a 29% cut in the values that would have otherwise occurred.
Stamp Duty Land Tax (SDLT) clarity comes at a cost
Posted by: Titlesolv
The three per cent rise in stamp duty land tax (SDLT) on second homes and Buy to Let properties introduced in George Osborne?s budget have been in effect since the beginning of April. The rise in SDLT was met with dismay among market commentators at the time of the announcement due to its likely impact on the private rented sector (PRS) ? with no exemption being provided to large-scale investors.
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