Higher mortgage rates to reduce buyer competition
Some 28% more people won’t be able to afford to buy property if mortgage rates reach 5% by the end of the year, Zoopla…
Buy2Let Investment News
Whether you are a property developer or looking for your first investment project – the latest buy2let investment news and stories from around the UK brought to you by Property Investor Post covering houses, flats, houses in multiple occupation (HMOs), multi-unit freehold blocks (MUFBs), multi-lets, student-lets and semi-commercial properties, are an essential daily read.
The Mortgage Works withdraws fixed rate mortgages
The Mortgage Works, the buy-to-let branch of Nationwide Building Society, has withdrawn its range of fixed rate buy-to-let mortgages in response to the dysfunctional funding markets.
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Wales ups Land Transaction Tax threshold – and slams the UK government
Wales has increased the Land Transaction Tax (stamp duty equivalent) threshold in the country from £180,000 to £225,000, meaning anyone buying a property less than that amount won’t pay any tax.
Stamp duty saving to be wiped out within a month
The stamp duty saving is expected to be wiped out within a single month, according to property purchasing firm HBB Solutions.
Propertymark: Be ready for Right to Rent changes
Propertymark is reminding agents to be ready for significant changes to the way they carry out Right to Rent checks from 1 October 2022.
More lenders enter the holiday let market
More lenders have come on board to cater for landlords looking to invest in the holiday let market.
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.
