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Homes worth more than £2 million could face ‘Mansion Tax’

Tens of thousands of London families will face mansion tax bills averaging nearly £2000 a month if the levy is brought in. A study by Knight Frank suggested that 775,000 properties would be subject to the tax during the next 25 years if property prices continue to rise at current levels. Liam Bailey, head of Research at Knight Frank,...


Interest-only mortgages begin to return

Clydesdale and Yorkshire Banks are now offering the public a three-year interest-only term at 2.69%. However, after that, borrowers must start repaying the debt.  This particular deal had been available through brokers only since January, but now the banking group has also extended the offer to customers who approach it directly. Interest-only loans, come with long-term risks that need...


Nearly half of all tenants have had a bad experience with Landlord or Agent

37% of tenants say that they would not rent another property from their current agent or landlord, according to a survey from new tenant-body The Tenants’ Voice. In their survey of 2,000 UK Tenants, more than half (51%) reported bad experiences with landlords or letting agents. 46% of those surveyed also said they have had deposit disputes. The Tenants’...


Buy-To-Let Mortgage Lending at 5 Year High

Strong rental demand is spearheading the recovery of the buy-to-let sector; with industry figures showing today the value of loans extended is up 31% compared to this time last year. Lending to those looking to purchase a property on a buy-to-let basis has topped £5 billion in the second quarter of 2013, showing the strongest level of mortgage lending...


House price rise hits three-year high, according to Nationwide

House prices across the UK have enjoyed their biggest annual increase in three years, according to Nationwide. The latest house price index from the high street building society shows property prices across the UK are up 3.9% on the same time last year. This takes the average value of a home to £170,825, and represents the strongest rate of...