Tax & Other Financial

UK homeowners who end up struggling with their mortgage payments due to a job loss may have to build up significant arrears before help arrives, according to a former pensions minister. Steve Webb said the number of people receiving government help with their mortgage...

The current cost of living crisis and expected rise in interest rates has caused many letting agents, landlords and renters to be concerned. Many fear that the recent changes are driving up the cost of rent for tenants, and that there is not enough accommodation available to meet the growing demand as more landlords consider […]

The Telegraph have run an article stating that ‘Landlords will pocket thousands of pounds in savings thanks to the biggest tax boost for investors in years.’. Going on to say ‘The tax cuts have been welcomed by landlords who have shouldered years of punishing tax and regulatory changes which forced tens of thousands of investors […]

Property Reporter are running an article by the MD at Castle Trust Bank, where he states that he believes London is bouncing back. It starts‘Before our idea of ‘normal’ was shaken by Covid-19, the capital sat pretty as an ideal market for those landlords lucky or savvy enough to get themselves a property – demand […]

In a massive shake-up of the UK’s finances, Chancellor Kwasi Kwarteng has outlined a series of tax cuts and economic measures he says will boost growth. In summary, he changed: • Stamp Duty: o no duty on first £250,000 (up from £125,000) o first time buyers will pay no duty of first £425,000 (up from […]

If you weren’t keeping up with the mini-budget this morning, we have gathered some of the highlights, predominantly for business: Overall message: “A new era for Britain”, with a focus on boosting growth, productivity and competitiveness Basic rate of income tax to be cut to 19p from April Higher income tax rate to be reduced […]

Landlords will be forced by law to pass on the £400 energy rebate to tenants with all-inclusive bills, the government says.Activist groups and some charities had raised concerns that tenants whose bills are included in their rent could miss out because the rebate is paid to their landlord The government estimates around one per cent […]

75% of residential landlords have taken steps to support tenants during the current cost-of-living crisis, according to new research from Shawbrook. With 85% of tenants having made lifestyle changes to cope with inflationary pressures, many landlords have been taking action to help. 25% have frozen rents, while 22% have offered a payment holiday to those […]

A range of mortgage brokers are reporting an increase in enquiries from private tenants who have been given first refusal to buy the homes they are renting. They report that tenants are being made the offer on the basis of landlords wanting to sell because of a cocktail of stricter energy efficiency requirements in the […]

Three quarters (75%) of residential landlords have taken steps to support tenants during the current cost-of-living crisis, according to Shawbrook. The specialist lender found that the majority of tenants (85% ) have made lifestyle changes to cope with inflationary pressures, but landlords are helping them too. A quarter (25%) said they have frozen rents, while […]