For the first time since early-2008 in the midst of the financial crisis, the first quarter of 2016 saw landlords borrowing more money to buy houses than first-time buyers. Between January and March 2016, new purchases for buy-to-let landlords accounted for 24% of all property loans, while loans for first-time buyers …
As part of the government’s plan to transform tax by 2020, HM Revenue & Customs (HMRC) recently launched a wide-ranging tax digitisation programme called “Making Tax Digital”. The aim of the programme is to encourage landlords and businesses to digitally update their tax records on a quarterly basis using specialist …
On 1 April 2016, the UK Government introduced new stamp duty tax rates for people purchasing an additional property, which essentially forced landlords to pay an extra 3% on top of the stamp duty tax rate they’d have to pay when buying their first property. For landlords buying a second …
The Brexit vote has led to a tumultuous time in the housing market, with many property experts trying to second-guess interest rates, and a general air of uncertainty about where the housing market stands following the vote to leave the EU. Today, we come with some much-needed positive news about …
For many people, buying and owning their own property is a key aspiration, but unfortunately, for the younger generation, the dream of property ownership is either out of reach, or far more costly than what it was for their parents or grandparents, also known as the baby boomers (people aged …
