Primarily an update on the state of the nation’s finances, the Autumn Statement also includes some key decisions that affect the money in people’s wallets or purses. Chancellor George Osborne said the contents were a signal of “staying on course for prosperity”. This was the final
A scheme that would force landlords to hold licences has been quashed by the High Court. The High Court ruled that the judicial review called for by landlord Constantinos Regas challenging Enfield Borough Council’s licensing scheme was to be upheld. The council’s scheme would have required landlords
The Chancellor has unveiled several measures to benefit savers in this year’s Budget, as low interest rates continue to bring disappointing returns on money stashed away. One new policy is the “Help to Buy” ISA which is an extension on a current scheme designed to assist
The wealth controlled by Britain’s growing army of buy-to-let investors is about to pass the £1trillion (£1,000 billion) mark, according to banking trade body the Council of Mortgage Lenders. Its latest snapshot of property wealth found that the total value of residential property was £4.8trillion. Of that,
Landlords who rent properties to illegal immigrants will face up to five years in prison under a crackdown to be announced by the Government on 3 August. The move is part a drive to make it harder for migrants to live in the UK when they
A survey of 500 landlords suggest the vast majority want to avoid contact with tenants and instead want letting agents to handle property management and complaints. The results of the survey, conducted last month, show that over 85 per cent of landlords don’t want to deal
Compulsory checks by landlords on the immigration status of new tenants are to be introduced across the country from February, Home Office ministers have announced. The decision follows an official evaluation of the first six months of a pilot scheme in the West Midlands, which concluded
Buy-to-let landlords and people buying second homes will soon have to pay more in stamp duty, the chancellor has announced. From April 2016, those in England and Wales will have to pay a 3% surcharge on each stamp duty band. George Osborne said the new surcharge would
Chancellor George Osborne’s Autumn Statement was full of surprises. One of the biggest was reserved for Britain’s army of buy-to-let landlords, who are facing tax hikes that could seriously curtail their rental profits. Here’s what you need to know. What has changed? “Frankly, people buying a home