How an overseas property register would work
This week Mayor of London Sadiq Khan called for an overseas property register in a bid to root out money laundering into UK property.
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This week Mayor of London Sadiq Khan called for an overseas property register in a bid to root out money laundering into UK property.
More than a third (37%) of landlords are demanding help from the government to upgrade the Energy Performance Certificate ratings of their properties.
The Bank of England has been slammed for raising the base rate, bringing it back to its highest level since before the pandemic.
The government’s levelling up strategy targets bringing all privately rented properties up to scratch.
The Bank of England voted to raise the base rate from 0.25% to 0.50%, as it looks to put a lid on rising inflation.
The government’s aims have been labelled highly unlikely to be met”, “piecemeal”, as well as lacking “focus” and “finance”.
A third (34%) of 18–34-year-olds plan to buy property this year, suggesting there’s likely to be strong competition for house purchases in 2022.
Purplebricks says tenancy deposit errors should cost the firm £3.6 million, 60% than the £9 million set aside in December.
The cost of borrowing dropped in December, but this is likely to be the low point before they rise following interest rate hikes from the Bank of England.
Wolverhampton and Sheffield are the first cities selected for government regeneration funding.