As 2021 drew to a close, the UK housing market saw prices rise at their fastest pace in 15 years, but despite the obvious gains, there will be some obvious headwinds in 2022, especially for second homeowners.
Average UK first-time buyer deposit increased by £10,000 in 2020.
February sees a tweak to intestacy rules for England and Wales. Ensure you have written a will and keep it up to date.
The Help-to-Buy ISA is gone, though you can still pay in if you already have one. But is the Lifetime ISA really a good alternative for first-time house-buyers? Seek financial advice before investing.
When George Osborne announced in his summer 2015 Budget a variety of tax changes aimed at discouraging buy-to-let (BTL) investment, they came as a surprise. To ease their impact, the then Chancellor phased in the most significant reform, a revised treatment of interest relief, over four years and deferred its start date to April 2017.
Draft legislation released in July contains more bad news for those renting out residential property.
The Autumn Budget contained more bad news for many buy-to-let investors which went largely unnoticed.
“Frankly, people buying a home to let should not be squeezing out families who can’t afford a home to buy.” Words from the Chancellor in his Autumn Statement
A close reading of the summer Finance Bill has highlighted a further tax consequence of the government’s moves to limit tax relief for interest on buy-to-let mortgages.
