The 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 MoreBank of England Governor Andrew Bailey has signalled that further interest rate cuts could be on the table, provided inflation stays under control. Bailey indicated that the Bank might adopt a “somewhat more aggressive” approach to the base interest rate in the coming months. In an interview with The Guardian,…
Read MoreAverage UK rents have increased for the sixth consecutive quarter, according to The Deposit Protection Service, whilst also producing evidence that some tenants are paying above the going rate to secure a property The UK’s largest protector of deposits, which safeguards 1.8m rent securities, says that average rents now stand…
Read MoreStamp Duty changes will boost business and house prices. The government has grasped the Stamp duty nettle and has done away with the so-called “slab system”, which has meant that for years a house sold for £250,001, rather than £250,000 attracted an extra £5,000 in stamp duty.
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