Deposit

UK property prices continue to grow, up 1.3% in August, official data shows

Property prices in the UK increased by 1.3% in August and are up 8.4% compared to a year ago, taking the average price to £218,964, the latest index shows. The figures from the Office of National Statistics (ONS) also show that prices increased across most of the country with only Wales and the North East […] The post UK property prices continue to grow, up 1.3% in August, official data shows appeared first on PropertyWire . Continue reading

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Hundreds of thousands of landlords will face steep rise in tax from next year

More than 400,000 landlords in the UK who currently pay the basic rate of tax will find themselves forced into a higher tax bracket from April 2017, research has found. According to a survey for the National Association of Landlords (NLA) while some 22% of the estimated two million landlords in the private rented sector […] The post Hundreds of thousands of landlords will face steep rise in tax from next year appeared first on PropertyWire . Continue reading

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UK sees first time buyer mortgages rise as buy to let slows

Home owners in the UK borrowed £12.2 billion for house purchases in August, up 14% month on month and 11% year on year, according to the latest data. They took out 66,000 loans, up 13% on July and 9% on August 2015, the figures from the Council of Mortgage Lenders (CML) show as house purchase […] The post UK sees first time buyer mortgages rise as buy to let slows appeared first on PropertyWire . Continue reading

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