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Office-to-home conversions could create uninhabitable properties
An insurer has issued a stark warning about the potential dangers of the growing trend to convert commercial buildings into residential properties, cautioning that poorly executed projects could result...
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Mortgage approvals rise for fourth consecutive month
Mortgage approvals for house purchases climbed to 65,647 in September, up 1.1% from 64,958 in August, marking the fourth consecutive month of positive growth, according to revised figures from the Bank...
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Landlords pause property purchases over tax concerns ahead of Budget
New research reveals that 77% of buy-to-let (BTL) landlords are holding back on property purchases due to concerns over potential tax increases. With today’s Budget announcement pending, over 90% of...
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Capital gains tax rise hits investors as stamp duty hike pressures landlords
In today’s Budget announcement, the government increased capital gains tax (CGT) rates, with basic rate taxpayers seeing a rise from 10% to 18% and higher rate taxpayers from 20% to 24% on profits from...
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Spooky street names can boost or haunt property values, study reveals
Have you ever thought that the name of your street could affect your home’s value? According to Chartered Surveyors Stokemont, certain Halloween-themed street names can either enhance or decrease...
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October sees 12% drop in rents as market cools down
England’s rental market experienced a significant cooldown in October, with average rents dropping over 12% compared to September and year-on-year increases hitting an annual low, according to the...
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House price growth slows as Budget puts pressure on property market
House prices in October showed modest growth, with a 0.1% rise month-on-month and an annual increase of 2.4%, according to Nationwide’s latest house price index. However, the annual growth rate has...
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Labour’s freeze on local housing allowance rates will ‘hurt most vulnerable...
Labour’s recent announcement to freeze local housing allowance (LHA) rates until at least April 2026 has sparked concern among landlord groups, who warn that this decision will disproportionately...
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England’s landlords hit by £6K stamp duty hike after Autumn Budget
England’s second-home buyers are now facing an average stamp duty increase of over £6,000 following changes introduced in the Autumn Budget. Analysis from Inventory Base, the UK’s leading property...
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Renters’ rights activists push for stronger reform bill
Over the weekend, renters’ rights group Acorn rallied in 30 cities across the UK, urging the public to pressure MPs to strengthen the Government’s upcoming Renters’ Rights Bill. The campaign aims to...
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Landlord profitability reaches highest point since 2022
Landlord profitability surged in the third quarter of 2024, reaching its highest level since early 2022, according to new research from Paragon Bank. The findings, based on a survey of over 700...
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Commercial property investment sees highest demand since 2021
New insights from Rightmove reveal an 11% year-on-year increase in demand for commercial property investment, marking the biggest quarterly surge since 2021. The data, drawn from Rightmove’s Quarterly...
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Mortgage arrears and possessions ease as lenders continue support for...
New data from UK Finance for Q3 2024 shows a slight reduction in mortgage arrears for both homeowners and buy-to-let investors, while possession rates remain well below long-term averages. Lenders...
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Base rate cut brightens UK property market outlook
The Bank of England has reduced the base rate to 4.75%, marking the second rate cut this year. The decision, backed by nearly all members of the Monetary Policy Committee, comes in response to...
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More UK homes listed as chain-free as landlords and investors look to sell
With a rising number of UK homes on the market as chain-free, prospective buyers have an opportunity to save time and avoid the lengthy wait often associated with property chains. New data from Zoopla...
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Rental market approaching affordability limit, warns Savills expert
As rental costs continue to rise across England, an impending limit on what tenants can afford appears on the horizon. Estate agency Savills has highlighted that while demand still far exceeds supply,...
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Landlord licensing fees defended by council as critics warn of shrinking...
North Devon Council is considering introducing a selective licensing scheme for landlords, proposing fees of £750 to £900 for a five-year permit. The council’s aim is to better regulate rental...
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Landlords under pressure: Rising rents expected as EPC upgrades take toll
A recent survey by mortgage lender Foundation Home Loans indicates that a large number of UK landlords are preparing to raise rents to offset the costs associated with upgrading energy performance in...
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Most tenants managing rent with ease, government survey reveals
New data from the English Housing Survey shows that the majority of tenants in the UK’s private rental sector are comfortable paying rent, with over 70% reporting “no issues” with affordability. The...
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UK house prices rise as rental market remains under pressure
The Royal Institution of Chartered Surveyors (RICS) has reported a positive turn in UK house prices, with notable increases across various regions in October. However, the rental market faces ongoing...
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