The latest HomeLet Rental Index data shows that the average monthly rent in the UK rose again in May, increasing by 0.7% to £1,307.
May was especially busy this year, with agreed sales reaching a four-year high, Rightmove research has revealed.
Chancellor Rachel Reeves is facing mounting calls from Labour MPs to impose new taxes on landlords, aiming to address a looming budget deficit without breaking the party’s promise to avoid tax hikes on ‘working people’.
A specialist mortgage lender is warning that the higher than expected leap in inflation may trigger a rise, not a fall in interest rates.
The empty homes tax was meant to be a deterrent. It’s turned out to be little more than background noise.
New buy-to-let purchases are being increasingly concentrated in the North of England, as investors target higher-yielding homes with lower entry costs.
As widely predicted, and not this time following the US Federal Reserve, the Bank of England’s Monetary Policy Committee (MPC) voted 5-4 to reduce the Bank Base Rate by 0.25% to a total rate of 4.25% its lowest level in around 2 years.
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