Buy-to-let was one of Britain’s best-loved investments before crippling tax blows caused many landlords to lose interest. But now buy-to-let has been thrown a lifeline. Slashed stamp duty, better mortgage deals and new tax benefits all mean landlords are flocking back to the market. However, with unemployment predicted to soar to four million by the … Read more
Chancellor Rishi Sunak’s stamp duty cut came under fire today as critics warn it will unfairly benefit buy-to-let investors and second-homeowners, and perpetuate unaffordable house prices. In a bid to boost the housing market the Chancellor announced on Wednesday that most homebuyers won’t pay any stamp duty on the first £500,000 of their home purchase … Read more
Will the stamp duty cut be BAD for first-time buyers? Critics warn tax giveaway could revive buy-to-let investors and boost house prices Chancellor’s plans will see 90 per cent of homes pay no stamp duty until March However this includes second-home buyers including property investors Labour have blasted the move as an ‘unnecessary subsidy’ for … Read more
I’m a pensioner with a modest income. I have some savings that I would like to invest in a buy-to-let to help boost my retirement income. I’ve heard that it may be beneficial if I set up a company and use that to purchase the property investment. Would this be a wise thing to do? … Read more
Could June see a surge in renters moving home? Tenancies extended due to lockdown rental freeze and evictions ban are both due to end Landlords have been granting monthly extensions to tenants during lockdown However, many of these tenants could move now the ban on moving has lifted Experts also warn of a surge in … Read more
Rents see biggest drop on record as seven in 10 tenants opt to renew rather than move while the coronavirus lockdown continues Rents on tenancy renewals fell by 0.5 per cent year-on-year across the country This comes as seven in 10 opt to renew their tenancies rather than move home London rents dropped the most, … Read more
Three quarters of landlords warn their tenants will fail to pay rent as coronavirus lockdown continues Seven in 10 landlords have been contacted by tenants worried about paying rent Five million privately rented households in the UK are affected by the crisis Unions call on the Government to ban future evictions based on rent arrears … Read more
Mortgage lenders axe almost HALF of buy-to-let mortgage options amid ongoing coronavirus lockdown Mortgage lenders have slashed buy-to-let deals in the wake of the coronavirus More than 1,300 buy-to-let mortgage deals have been axed since March This accounts for nearly half of all available deals, with 1,593 now left Learn more about how to help … Read more