Property Blog

Multiple Dwellings Relief Abolition – The Consequences

The abolition of Multiple Dwellings Relief (MDR) following Chancellor Jeremy Hunt’s Spring Budget, has brought into sharp focus the additional costs for investors when they purchase multiple properties in the UK. Property buyers now have to pay an increased amount of tax, with investors now having to purchase six or […]

What Tax Changes Means For Landlords

With several tax changes taking effect in April, experts reveal what this will mean for renters and landlords – including how these changes may impact property insurance in the future. Matthew Harwood, home and lifestyle expert at Confused.com home insurance, said: National Insurance charges “Firstly, the compulsory Class 2 National Insurance […]

10 Things You Shouldn’t Say To Tradespeople

When engaging with tradespeople, what you say matters. Whether it’s a plumber, electrician or carpenter, certain phrases can ruin the interaction and overall job experience. The relationship between you and your tradesperson should be a harmonious and professional one. However, like any other relationship, there’s potential for hiccups if not […]

Stamp Duty Land Tax (SDLT) Five Exemptions

Stamp Duty Land Tax (SDLT) is levied on property purchases in England and Northern Ireland, with thresholds determining the amount owed. Properties priced up to £250,000 (or £425,000 for first-time buyers) incur no SDLT, while rates of 5% apply to main residences priced between £250,001 and £925,000, and 8% for […]

Are Landlords Responsible For Roof Repair?

Amid widespread yellow weather alerts, homeowners may wonder whether their insurance extends to torrential rain-induced roof repairs. But what responsibilities do landlords have when it comes to roof repairs? In 2023, there were 2,860 Google searches in the UK asking ‘who is responsible for roof repairs in a (leasehold) flat?’. To […]

New Changes To Short Term Lets

On 19 February the Department for Levelling Up, Housing and Communities announced a change in the rules governing Airbnb-type lettings by requiring planning permission for properties let for more than 90 days per year, introducing a mandatory national register of short term lets and giving councils greater powers to control short-term lets. […]

Housing Demand in 2024

A number of recent surveys have suggested that more confidence is returning to the market as mortgage rates continue to fall. In January, for example, The Mortgage Lender published research showing that 52 per cent of residential buy-to-let landlords had expanded their property portfolios over the last 12 months, adding […]

How Can I Help A Loved One Get On The Property Ladder?

By Sarah Thompson, Managing Director, Mortgage Scout Compared with a decade ago, today’s first-time buyers are older, more likely to buy with a partner and more likely to have dependent children. This highlights how getting on the property ladder is becoming increasingly hard for younger borrowers. However, lenders are always […]