The Bank of England today announced that it would maintain the current record low interest rate at 0.5%.The Bank’s Monetary Policy Committee (MPC) also maintained the level of quantitative easing (QE) at £375bn which it has remained at since July 2012. Continue reading
Capital Gain Tax – the current exemption from CGT for non-UK resident owners of residential properties will be removed.
Liam Bailey, Head of Knight Frank Global Research, comments… Continue reading
We have been waiting with interest to see what George Osborne was going to say in his Autumn Statement today.
The Chancellor says Britain’s economic plan is working but the job is not done, we need to secure the economy for the long terms and the biggest risk to that comes from those that would abandon the plan.
He says We need a plan where we don’t pretend we can make things better by writing cheques to ourselves. Forecasts show the growth is up, but growth in productivity is still too low, business taxes are still too high and exports are still too low. Continue reading
The impact of tenants falling into arrears at Christmas time should not be underestimated, as it can also directly affect a landlord’s ability to maintain their mortgage payments too.
With many landlords relying on a tenant’s rent to supplement their monthly income it is clear that some would be unable to pay the mortgage on their property in the event that the tenant missed a payment of rent. Continue reading
We recently spoke with Bruce Bishop who had just launched his new book “The Rich Revolution”.
Needless to say we were very pleased for him when we found that his book had made it to Best Seller status on Amazon. Continue reading
The Nationwide House Price Index for November 2013 was released today, showing a continued increase in UK house prices. The average mortagge rates being provided, for a 2 year fixed period, are also declining with both 90% LTV and 75% LTV mortgage rates the lowest for some considerable time. Continue reading
UK Housholds are at record levels of debt, with individuals now owing £1.43 trillion. Total lending to individuals secured on dwellings was also up by £1.2 billion to £15.7 billion. This was higher than the monthly average over the last 6 months, which was £1.0 billion. Continue reading
The Land Registry’s September 2013 HPI, released today, sees house prices having increased in England, along with a fall in repossessio Continue reading
The CML estimates that the total gross lending was up to £17.6 billion in October – a rise of 9% over the month and 37% in total over the year since October 2012. The last highest being in October 2008. Continue reading