UK house prices increased by 8.6 percent – expect a ‘chain’ reaction
UK average house prices increased by 8.6 per cent in the year to February 2021, up 0.6 percent from January. Whilst sellers celebrate their homes going under offer in a day, they forget that they will now join the buying rabble. Any gains will, in most cases, be spent on any
When the 2% surcharge doesn’t apply when buying in the UK from overseas
From the 1st of April 2021, anyone looking to buy a property in the UK from overseas, will be subject to a 2% surcharge. Any purchase on a residential leasehold or freehold property by a non resident or by an unmarried couple, where one of them is a UK resident,
Bidding wars are rife as demand outstrips supply in the housing market but will all sales have been worth the battle?
The seesaw battle between supply and demand is long fought, but currently the UK housing market is buckling under the strain, desperate for reinforcements, as supply struggles to keep up. Last week saw Savills adjust their property forecast with an upward trajectory predicting Average UK house prices to rise +4 pc
April showers for the UK Property Market?
Don't be caught out this April in property showers. Next month is raining property deadlines and start dates. Listed below are some of the things to expect, prepare and brace yourself for. A 2% surcharge - Overseas purchasers will now have to pay an additional 2% surcharge on any property
EWS1 Forms revisited
New guidance issued by RICS aimed at releasing leaseholders from the necessity of an EWS1 form comes into play from the 5th of April 2021. The hope is this will encourage mortgage lenders to lend to sellers or owners looking to remortgage without the need for a fire survey. So what
The winners and losers from the 2021 Budget
Corporation Tax From April 2023 Corporation tax will increase from 19% to 25% this will greatly affect Landlords with portfolios listed as Limited Companies. It is though still a cheaper alternative than paying 40% on profits in income tax if a higher earner. Plus you still benefit by offsetting mortgage interest
What’s in store for Buy-to-Let Landlords in 2021
The hangover from 2020 is dragging on but for UK Buy-to-Let Landlords, it feels personal. The attached guide is a breakdown of some of the things to expect and prepare for this year. Searching for silver linings? Gone are the days when you could deduct mortgage expenses from a rental income. 2021
If the Office of Tax Simplification gets its way, Landlords could be hit with a ‘taxing’ Capital Gains bill
In case you missed this, back in November The Office of Tax Simplification published a report ‘simplifying by design’ that outlined a number of recommendations to overhaul Capital Gains Tax. I’m baffled about where the simplifying features lie within this but I do see how if some of their suggestions are
The Stamp Duty Holiday, Villain or Saviour?
The Stamp Duty Holiday, Villain or Saviour? The stamp duty holiday extension debate will resume in Parliament on the 1st of Feb but has it been all good? Regardless of whether it ends on March the 31st or at a later date there will always be some kind of fall out. The