Tax payments for the wealthy increase by 40% in four years
Tax contributions paid by the UK’s wealthy individuals increased by 40% in the past four years alone, Ashtons analysis shows. In the 2023-24 tax year, wealthy individuals – defined by…
Business rates to surge in prime city centre properties
Businesses occupying prime Grade A office property in the central business districts of Birmingham, Leeds and Manchester will see significant rises in their business rates bills next April, following the…
Commercial landlords in renewed drive for retail
Demand to invest in the retail property sector is up by 35% compared with the same three-month period last year, based on enquiries to commercial agents about listings on Rightmove.…
New bridging lender launches – PropertyWire
A bridging lender has launched called Momentus Capital from Dani Spitzer, who has experience in private banking. The lender has secured a £100 million facility, while it will focus on…
Buy-to-let revival in Q1 as activity surges
There’s been a 38.6% increase in buy-to-let loans issued in the first quarter of 2025 year-on-year, the Buy-to-let Mortgage Market Update from UK Finance has revealed. Average buy-to-let rates have…
Landlords failing to ask leaseholders before starting works
Landlords are routinely failing to carry out Section 20 consultations, where landlords should consult leaseholders before starting major works. The Leasehold Advisory Service (LEASE), a government-funded advisory body providing trusted,…
More children living in temporary accommodation
The number of households with children living in temporary accommodation has surged in the past year, worrying government statistics show. There were 83,150 households with children in temporary accommodation in…
Claim – Renters’ Rights Bill a goldmine for letting agents
The Renters’ Rights Bill is an opportunity rather than an obstacle for thousands of letting agents, according to Sally Lawson, managing director and founder of Agent Rainmaker. She reckons the…
Rents rising faster than mortgage payments
Private renters are seeing costs rise at a faster rate than mortgaged homeowners, analysis from Zoopla has revealed. In the past three years the average mortgage repayment has risen by…
London hotel demand drops in face of global headwinds
The money hotels made per available room has dropped by 2.4% year-on-year in London, suggesting economic uncertainties are putting the lid on tourism. After a period of boosted spending power…