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).
Help to Buy ISAs (ISA)
More than 500,000 savers have opened Help to Buy ISAs after being told by George Osborne that it provided “direct government support” for those saving for a deposit, as a way of getting “Generation Rent” on to the housing ladder. It emerged late last week that these savings will not be able to be used as part of the initial deposit for their home purchase (ISA).
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