Bank raises base rate to 3%
The Bank of England has gone ahead with a steep 0.75% increase in the base rate, bringing up the rate to 3.00%.
Typical 5-year fixes hit 6.32%
The cost of fixing your mortgage for five years has risen to an average rate of 6.32%, seeing a dramatic increase from just 2.64% in December 2021, Moneyfacts data shows.
UK landlords’ rental returns rise by 18%
The tenant income received by landlords has increased by 18% in the past year, according to analysis from rental platform Ocasa.
Holiday let landlords could be subject to harsher tax regime
The government should consider abolishing the separate tax regime for furnished holiday lets, according to recommendations by the Office of Tax Simplification (OTS).
Typical landlord EPC ratings not up to scratch
Seven in 10 (71%) landlords in the UK still own rental properties with an energy performance certificate (EPC) rating of D or below, research from Shawbrook has found.
The Mortgage Works relaunches tracker range
The Mortgage Works has unveiled a tracker range with affordable rates.
Buyer purchases castle with mega loan
A high-net worth family has purchased the historic Chilham Castle in Kent.
Tenants could claim rent back for poor quality homes
Tenants may be able to claim rent back from landlords if they’re made to live in poor quality accommodation, under plans being considered in Westminster.
HMRC clamping down on landlords who don’t declare all their income
Landlords with undisclosed income are increasingly in the crosshairs of the HM Revenue & Customs – and could be forced to pay fines, taxes and interest.
Singapore buyers driving foreign purchases
Singaporean buyers are having a big impact on housing market activity in the UK, as they sit on a property portfolio worth £5.8 billion in London alone.
