Budget 2024: Landlords let down by the government again. What to do?

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This week’s Budget brought significant changes for landlords, with implications for capital gains tax (CGT), furnished holiday lets relief, and multiple dwellings relief.

As the dust is still settling, let’s consider their impact on our investments and the rental market.

View Full Article: Budget 2024: Landlords let down by the government again. What to do?

House prices will fall 2% this year – OBR

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The Office of Budget Responsibility (OBR) has released its Spring Budget forecast, predicting a 2% drop in house prices this year.

And the OBR admits in its briefing papers that the cut in Capital Gains Tax IS aimed at reducing the number of landlords and second homeowners (see below).

View Full Article: House prices will fall 2% this year – OBR

Durham’s student landlords accused of ‘panicking’ amid rent price drops

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An investigation by the Palatinate, Durham University’s student newspaper, reveals that estate agents in Durham have slashed prices for student properties available in the 2024/25 academic year.

The move comes after imposing hefty rent increases at the start of the year.

View Full Article: Durham’s student landlords accused of ‘panicking’ amid rent price drops

Removal of FHL – One man’s poison is another man’s meat. How will it affect you?

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The changes in Serviced Accommodation will impact different people in different ways. To some, it will provide an advantage, for others it will be time for change.

The changes are threefold:

1) Removal of FHL means the income for those who own in personal name will be treated identically to buy-to-let income for tax purposes.

View Full Article: Removal of FHL – One man’s poison is another man’s meat. How will it affect you?

How FHL abolition will impact UK holiday let owners

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Landlords and owners operating furnished holiday lettings (FHL) may still be reeling from Chancellor Jeremy Hunt’s announcement in the Budget that tax relief will be abolished from 6 April 2025.

Now tax accountants BDO have revealed what the financial impact will be from next year.

View Full Article: How FHL abolition will impact UK holiday let owners

Buy to let lenders announce new products and lower rates

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Several buy to let lenders have updated their products and rates to attract more landlords and investors.

The Mortgage Works (TMW), a specialist BTL arm of Nationwide, has cut its Interest Cover Ratios (ICR) for both higher and lower rate taxpayers

View Full Article: Buy to let lenders announce new products and lower rates

What The Spring Budget Means For Property Investors?

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What does the spring budget 2024 mean for property investors and property developers? Some property investors will suffer a massive tax blow! Join Ranjan Bhattacharya as he discusses the Spring Budget in his latest video. 

View Full Article: What The Spring Budget Means For Property Investors?

Property industry reaction – Spring Budget 2024

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Industry leaders in the property and finance sector have reacted to the Chancellor’s Spring Budget.

The Spring Budget is seen as the last chance to woo voters before the upcoming General Election this year.

Announcements included a crackdown on holiday lets

View Full Article: Property industry reaction – Spring Budget 2024

Scottish Greens hit back at landlord claims

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A political party has hit back at claims made by the Scottish Association of Landlords which said that 22,000 homes have disappeared from Scotland’s private rented sector (PRS).

The Scottish Greens says the landlords are offering ‘misleading claims’.

View Full Article: Scottish Greens hit back at landlord claims

Could American “mega-landlords” buying portfolios be the lifeline British landlords need to get out?

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As the UK government struggles to help landlords facing tough financial situations, landlords have rallied together to help themselves.

This year is the year of the sale: with landlords rushing to sell up their property portfolios to either get out

View Full Article: Could American “mega-landlords” buying portfolios be the lifeline British landlords need to get out?