Departing non-doms reinvigorating the HNW mortgage market
There’s been an influx of mortgages issued worth more than £5 million, driven by non-doms departing from the UK. In 2024 there were £3bn worth of mortgages at the £5m+…
Property Ombudsman unveils new website
Dispute resolution service for agents, the Property Ombudsman, has unveiled a refreshed version of its website. The new design features an improved business search to check who’s registered and updated…
Replacing stamp duty is valid – but Labour can’t please everybody
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Rightmove raises concerns about ‘unintended consequences’ of stamp duty changes
The government needs to be careful about stalling parts of the market with far-reaching tax changes, Rightmove has warned. One speculated change is removing stamp duty and replacing it with…
Bradford is highest demand region of England
Bradford was the leading property hotspot in the country between May and July, research from OnTheMarket has revealed. This is based on the number of available sales per available properties,…
Inheritance Tax receipts to break £9bn barrier this year
It’s predicted that the government will rake in over £9bn from inheritance tax this tax year, exceeding the previous year’s total of £8.2bn. Specialists at Irwin Mitchell Private Client Advisory…
High number of tenants relying on loans to make rent
Just over half of flatsharers (51%) are relying on some form of loan, credit, advance or a second income stream to help them pay their rent, Spareroom research shows. In…
House price inflation rises to 3.7%
Annual house price inflation has climbed to 3.7% in June from 2.7% in May, bringing the average to £269,000, the government’s UK House Price Index has found. The average monthly…
Rental inflation eases off – but is still high
Private rental growth slowed in July, falling to 5.9% from 6.7% the month before, ONS data shows. Despite the slowdown rental growth is outstripping house price inflation, which rose by…
Commercial landlords overlooking legal way of recovering rent
Many landlords are failing to utilise Commercial Rent Arrears Recovery (CRAR), an effective way of recovering unpaid rent. With traditional litigation proving expensive and time-consuming, and lease forfeiture carrying significant…