Lenders pull mortgage products after “irresponsible” mini-budget
Brokers are reporting nervous behaviours from lenders, who they say are rapidly repricing rates, pulling products, and finding reasons to fail cases.
Bank of England vows to hike interest rates “as much as needed” after pound falls
The Bank of England has issued a statement saying it’s prepared to decisively raise interest rates to boost the value of sterling and curb inflation.
Labour Party to hand tenants new powers – the NRLA hits back
The Labour Party plans to create a private renters’ charter to hand tenants more powers if elected.
Labour pledges to boost council housing stock if elected
The Labour Party has vowed to restore social housing as the second biggest tenure ahead of the private rented sector if elected, in order to ease the supply issues in the housing market.
Stamp duty cuts to boost property sales by 26%
Last week’s cuts to stamp duty could help boost the number of property transactions seen across the property market by 26%, estate and lettings agent Barrows and Forrester has predicted.
Paul Shamplina to discuss Renters’ Reform Bill this week
Enforcement measures in the Renters’ Reform Bill will be discussed in a free webinar with Paul Shamplina, chief operating officer of Hamilton Fraser and founder of Landlord Action on Wednesday 28th September at 10am.
Buy2Let Investment News - Investment Mortgages & Property Finance News - Land & New Homes Investment News
Money markets pricing in 5.5% base rate rise
Traders are pricing in the Bank of England increasing the base rate to 5.5% next year, which would vastly increase the cost of mortgages.
Government unveils “investment zones” policy – summary and reaction
The government has unveiled plans to introduce regional “investment zones” where stamp duty will be abolished, employment taxes will be slashed and planning rules will be loosened.
Buy2Let Investment News - Commercial Property Investment News - Investment Mortgages & Property Finance News - Land & New Homes Investment News
Stamp duty cut: Reactions from builders, agents, brokers, lenders, lawyers and asset managers
We compile a range of reactions to the government decision to permanently cut stamp duty in Friday’s mini-budget.
Investors spooked by tax cuts
The value of pound and stocks have both tumbled following the government’s mini-budget, signalling that investors are questioning the government’s succession of tax cuts.
