Mortgage crisis deepens as buy-to-let loans disappear
Landlords are being warned to brace themselves for a mortgage crisis with a hike in mortgage rates that will force many to sell up – or create financial misery for their tenants with rent rises.
UK house price growth cools
UK house price growth has dropped to its slowest pace in fourth months, new data shows, as the end of the temporary stamp duty holiday ended a boom in the property market.
UK house prices up
British house prices rose at the fastest annual rate since early 2017 in the three months to the end of June, mortgage lender Halifax said on Friday, adding to other signs that the housing market has stabilized after weakening on Brexit worries.
HMRC takes aim at AirBnB
Homeowners who rent out their property on sites such as Airbnb face having their income automatically declared to the taxman under a digital crackdown proposed by ministers. As part of a consultation launched last week the Treasury said that it was considering forcing online platforms to provide details of users’ income directly to HM Revenue & Customs, or even taking the money at the source (AirBnB).
Shawbrook Plans Specialist Market Launch Next Year – Property Investment
Shawbrook Bank is set to launch into specialist lending space during the first quarter of next year (property investment).
House Price Growth Stills Shows Downward Trend (Property Advice)
House price growth continued to slow in July, while key indicators covering price expectations, buyer enquirers, agreed sales and new instructions all remained firmly negative, according to the Royal Institution of Chartered Surveyors (Property Advice).