In light of the UK’s decision to leave the EU after the historic vote of 23rd June, there comes the inevitable question about what effect this will have on the country’s property market.
No sooner had the champagne corks been popped to celebrate Leicester City’s most unlikely of Premier League title wins than analysis was being delivered upon the various affects their triumph might have on the city itself.
A surge of buy-to-let and second home buyers in March prompted the mortgage industry to announce their highest lending figures of £17.1 billion – the highest amount of the past 8 years.
It’s more than three years since Prime Minister David Cameron pledged to hold a referendum on the UK’s membership of the European Union (EU). And, following his recent stint around the Brussels negotiating table, the electorate are going to get the chance to have their say on June 23rd, as Britain goes to the polls.
All eyes and ears were on Chancellor George Osborne this week as he presented his spring budget to Parliament and the nation. As you might expect, the one area of keenly held attention concerned the UK property market, and the potential implications that the budget might have for property investors in the coming year.
One of the notable trends of the past few years in the UK property market has been the increasing diversity in terms of location, with opportunities for healthy growth emerging with ever greater prominence in cities and towns the length and breadth of the country; beyond the traditional stronghold within the M25 and the City […]
While Buy-to-Let re-mortgages were the dominant feature of the 2015 UK mortgage market, the prediction for the opening three months of 2016 is that this is likely to be superseded by a wave of new buy-to-let mortgages. As reported this month on Landlord Today, 2015 saw buy-to-let property owners re-mortgaging their portfolios, taking advantage of ultra-low interest […]
In 2013, a controversial campaign was launched. This incentive was designed to encourage UK landlords to get their tax affairs in order and disclose tax on their previously undeclared income. This was called the ‘Let Property’ campaign, and so far it has been incredibly successful. In fact, in October HMRC announced that this campaign had […]
In his Autumn Statement, Chancellor George Osborne announced unexpectedly that Stamp Duty for buy-to-let investors would rise from 1 April 2016. Stamp Duty Changes For all second homes and buy-to-let investments valued over £40,000 in England and Wales, a new 3% Stamp Duty Land Tax (SDLT) surcharge will be payable on top of the current […]
A few weeks ago on this very website we spoke about time being somewhat ripe for investment in the UK’s second city, Birmingham. And, indeed, it’s a theme that seems to have been steadily growing in traction across the financial pages of the national media. In the past week alone the FT, Sunday Times and […]
Following the crash of the Chinese Stock Market on the 24th August and the ensuing financial volatility in its aftermath we ponder upon the potential impact that such a downturn of China’s markets might have on the residential property market here in the UK. Chinese Economy Slowing NOT Crashing The first thing to consider with […]
Birmingham is enjoying something of a renaissance. Emerging from a generation in the doldrums, relative to the exponential growth of London, the area has, in recent years really begun to live up to its billing as Britain’s second city. As reported in the Financial Times earlier this year the city has been attracting the attention […]