Could a ‘Brexit’ affect the mortgage industry?
Referendum. The word on many people’s lips across the nation, as we all weigh up the pros, argue over the cons and get ready to make our vote on whether the UK will remain in the European Union. But how could a potential ‘Brexit’ affect the mortgage industry? It is a question some are beginning to a…
What is a Consumer Buy-to-Let?
What do I need to know?
The European Mortgage Credit Directive (MCD) rules went live as of 21st March 2016. Part of the changes included providing regulation for some buy-to-let loans for the first time, the purpose of which to deliver consumer protection for “accidental landlords”.
What is an ‘ac…
Could your property earn more than you?
A recent study has revealed that house prices have increased so dramatically in some parts of the UK that one in four properties now ‘earn’ more than their owner. Research from the Halifax has revealed that the average house price in the UK has outpaced the average net salary in more than a quarter …
The Times They Are A-Changin'
You may or not be aware that as of 1 April 2016 the stamp duty land tax (SDLT) on second homes and buy to let purchases will be increased by 3%. If that wasn’t enough for landlords, the government has also announced that as of April 2017 the tax relief claimed by landlords on their financial costs w…
Budget 2016 – key information for the housing market and property ownership
Take a quick look at my summary of what I believe to be the most important factors affecting first time buyers, homeowners and property investors in this year’s budget:
Help to Buy and Lifetime ISA
Something of particular note is that millions of consumers under 40 will be able to use a new Indiv…