The Bank of England has reduced interest rates for the second time this year, bringing them down to 4.75% as anticipated. Previously set at 5% following a 0.25% reduction in August (the first since 2020), rates were held steady in September. Bank of England Governor Andrew Bailey reassured the public,…
Read MoreExperts anticipate that interest rates will be cut, despite Rachel Reeves’s October Budget likely adding to inflation. The Bank of England’s Monetary Policy Committee (MPC) is expected to reduce the interest rate from 5% to 4.75% this Thursday. The Bank had previously lowered rates from a 16-year high of 5.25%…
Read MoreThe recent Budget has had a notable impact on the housing market, particularly for landlords and potential homebuyers. Here are some key changes and their effects: In summary, the Budget introduced cost increases for buy-to-let investors without providing substantial reliefs for buyers, potentially leading to increased rent prices, limited supply…
Read MoreThe residential property sector is grappling with the news of a 2% increase in Stamp Duty on buy-to-let properties, effective immediately. Chancellor Rachel Reeves announced this increase, raising the tax on investment properties from 3% to 5% in the recent Budget. This change is expected to heavily impact landlords, though…
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