Reform UK says it will abolish section 24 for landlords

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Among the promises being made by Reform UK to boost the UK’s private rented sector (PRS) is a pledge to abolish section 24 in its first 100 days in office.

Section 24 was introduced in the Finance Act 2015 by the then Chancellor George Osbourne which removed a landlord’s ability to offset all of their mortgage interest

View Full Article: Reform UK says it will abolish section 24 for landlords

BTL mortgage rates dropped by CHL and Landbay

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Two buy to let lenders have revealed a raft of new rates for BTL mortgages.

First up is specialist BTL lender CHL Mortgages which has revamped its buy to let product range, including significantly lowering rates and introducing new criteria for landlords.

View Full Article: BTL mortgage rates dropped by CHL and Landbay

UK housing market remains stable despite election uncertainty

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The UK’s housing market is showing resilience despite the upcoming General Election with the average price now £375,110 – a drop of just £21 on May’s figure.

That’s according to Rightmove which adds that the minor adjustment mirrors the typical seasonal trajectory seen in previous years.

View Full Article: UK housing market remains stable despite election uncertainty

iHowz manifesto: rent-free proposal and tax fairness for landlords

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A landlord organisation has released a manifesto outlining 14 recommendations including a bold reform for Section 21.

ihowz says the recommendations aim to create a fair and efficient rental market that works for landlords and tenants.

Recommendations include fair taxation for landlords and training for landlords and tenants.

View Full Article: iHowz manifesto: rent-free proposal and tax fairness for landlords