Stamp duty receipts rise by 20% year-on-year
Homebuyers paid £14.1bn in stamp duty over the past year, up 20% from £11.8bn in the previous year. Business advisors and chartered accountants Lubbock Fine warned that the tax leaves…
Specialist buy-to-let lender launches – PropertyWire
OBS Group has launched a technology-led buy-to-let lending brand called Rely. Rely will use data-led underwriting on a newly created platform, which it said will lead to faster and more…
Non-dom changes create £401million stamp duty black hole
The falling number of high-value residential transactions has put more pressure on the government’s finances, Knight Frank estimates show By Tom Bill, head of UK residential reseaach at Knight Frank…
£22m build-to-rent deal signed in Derby
Housing specialist Lovell and build-to-rent developer-operator Placefirst have signed a £22M build-to-rent deal in Derby. At the Castleward development there will be 33 single-family houses as well as 79 apartments,…
Bank holds base rate but we “remain on a downward path”
The Bank of England has opted to hold the base rate at 4.25% – but its Governor indicated that further rate cuts will happen this year. Andrew Bailey (pictured) said…
Government unveils £725bn 10-year infrastructure plan
The government has pledged to spend £725 billion in 10 years to boost infrastructure. As part of this commitment £39 billion is going towards affordable housing, as the newly announced…
Councils using ‘scare tactics’ to stop tenants taking bad landlords to court
A UK law firm has spoken out against councils for discouraging tenants from pursuing ‘no win, no fee’ compensation claims. Councils across the UK are said to have highlighted cases…
Property associations frustrated at lack of answers on Section 21 court reforms
The government has failed to explain how they will ready the courts for the end of Section 21 evictions, prompting frustration from property groups. The British Property Federation, the National…
House of Lords committee ask for views on Building Safety Regulator
The House of Lords Industry and Regulators Committee is asking for feedback on the Building Safety Regulator (BSR). The inquiry will focus on reports of delays to approvals by the…
Bristol and Brighton most expensive cities outside London
Brighton and Bristol are the most expensive cities outside the capital based on both rental and house prices. They are also the costliest based on the average yearly electricity bill…