Tuesday 29 March 2016
As the new stamp duty reform is introduced on Friday 1st April there are growing concerns that the changes will backfire and have the opposite effect of helping people on to the housing ladder. Article by Simple Landlords Insurance.
Friday 25 March 2016
The tax changes Chancellor George Osborne announced in the 2015 Budget and Spending Review sent shockwaves through the world of buy-to-let.
Thursday 24 March 2016
Lending companies are offering landlords a legal loophole to help them avoid the dreaded new stamp duty hike set to come into force next week.
Wednesday 23 March 2016
Despite all hopes the 2016 budget confirmed what many landlords feared – no back-down by George Osborne over his plans to penalise buy-to-let with a stamp duty hike and a cut to mortgage interest relief.
Friday 18 March 2016
In the 2016 budget George Osborne has confirmed that the stamp duty surcharge on stamp duty for buy-to-let properties will remain and landlords will be excluded from an 8 per cent cut in capital gains tax. Article by Simple Landlords Insurance.
Thursday 17 March 2016
The rush to buy second homes before George Osborne's new charges come into force has spiralled, according to new statistics. With the introduction of the 3 per cent stamp duty hike now just a few weeks away, people are clambering to join the buy-to-let market according to the Council of Mortgage Lenders (CML).
Sunday 13 March 2016
The Scottish Parliament has passed legislation which increases the stamp duty on buy-to-let and second homes, finance secretary John Swinney has been questioned about his next move if the buy-to-let tax policy is abandoned by George Osborne in Westminster. By Simple Landlords Insurance.
Saturday 12 March 2016
New figures show how landlords in seven out of ten British buy-to-let towns will be £300 in debt on average by the end of the decade if the interest rate increases by 2.5 percentage points. Simple Landlords Insurance has interviewed a landlord who says he will be hit the by the combination of mortgage interest relief being cut and rising interest rates but will not be selling-up - yet.
Friday 11 March 2016
Simple landlords Insurance attended the London Landlord and Letting Show. In this article we share a few top tips from David Lawrenson, of Letting Focus, taken from a workshop he hosted at the event.
Wednesday 09 March 2016
A study by Prudential has found three in every ten over-55s plan to invest in buy-to-let properties in the next ten years. This news article by Simple Landlords Insurance also looks at in this new development in the wider context of George Osborne's buy-to-let tax changes.
Thursday 03 March 2016
The commons treasury select committee has heard evidence which heavily criticises Chancellor George Osborne's buy-to-let tax changes in this news article by Simple Landlords Insurance. Paul Johnson, Director of the Institute for Fiscal Studies is among the economists who say the reason house prices are so high right now is lack of suppply, not landlords.
Wednesday 02 March 2016
Lloyds Bank plans to reign in buy-to-let mortgage lending in order to protect profits after figures have revealed that up to a million owners of second homes could offload their properties by 2021, leading to plummeting house prices. But it's not all bad news, as this news article by Simple Landlords Insurance also points out. Plenty of other banks are still providing buy-to-let mortgages at very competitive rates and opposition to George Osborne's buy-to-let tax changes is strong.
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