Category: Property

Tax changes and increasing regulation mean a fifth of landlords are considering reselling

03.08.2021
Property is often seen as a way to generate a passive income or to fund retirement. Yet a survey has found that an increasing number of landlords are considering selling at least a portion of their property portfolio due to tax and regulation changes. Property can be a useful asset to invest in. However, if you’re thinking about purchasing a buy-to-let property, it’s important you fully understand the responsibilities and potential financial...
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Why rising house prices could mean you need to reconsider your Inheritance Tax plan

03.08.2021
House prices have reached record highs this year. While you may be pleased the value of your home is increasing, it may also mean you now need to consider Inheritance Tax (IHT). Or if IHT already plays a role in your plans, they may need updating. A combination of rising demand, the Stamp Duty holiday, and 5% mortgage guarantees to support first-time buyers means house prices have reached new highs. According to the Halifax House Price Index, the...
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Rent is now “cheaper” than a mortgage but there are still reasons to get on the property ladder

30.06.2021
House prices have soared over the last year and it means that renting a property is now “cheaper” than making mortgage repayments. Yet, while monthly costs could be higher for aspiring homeowners, there are still reasons to get on the property ladder now. For the last six years, it’s been cheaper to pay a mortgage each month than it has to pay rent. According to the BBC, before the pandemic, people buying a house with a 10% deposit were...
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Equity release: As property values soar, could your home help fund your later life?

25.05.2021
Across the UK, private property is worth more than £6 trillion, according to an Equity Release Council (ERC) report. Property prices have soared in the last decade, but homes often don’t play a role in later-life planning as the wealth is locked away. Equity release is one option more retirees are considering. In 2020, homeowners accessed more than £3.89 billion of property wealth through equity release. It can be a useful way to fund plans in...
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Buy to Let boom: What aspiring landlords need to know about mortgages

18.01.2021
The number of people purchasing property to let out soared in the last months of 2020. Becoming a landlord can be an attractive way to boost your income or invest. However, there are many things to consider before taking the plunge, starting with whether a Buy to Let mortgage is right for you. Landlords made up 15% of agreed property purchases in November Landlords made up 15% of agreed property purchases in England, Wales and Scotland in November...
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What are your options with an interest-only mortgage?

18.01.2021
While interest-only mortgages have become less popular, millions of people have one and need a repayment strategy in place. If you do have an interest-only mortgage it’s important to review your plans as figures suggest almost half of borrowers will experience a shortfall. According to the Financial Conduct Authority (FCA) over the next 30 years, 2.6 million interest-only mortgages will be due for repayment. While 90% have a repayment plan, the...
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Will house prices fall in 2021?

04.11.2020
House prices have been climbing in recent weeks as pent up demand means there’s more competition for each property. Yet, forecasts suggest that property prices could fall in the New Year. The impact of Coivd-19 on the property market The property market temporarily closed in a bid to slow the spread of Covid-19. It meant plans and sales were put on hold. Once viewings began again, demand increased. As well as high levels of demand, the...
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