Landlords and buy-to-let property investors who have undeclared rental income have been warned to seek advice and come clean with the taxman – or face stiff penalties. Shenward, a Yorkshire-based firm of chartered accountants and business advisors, has noticed that HMRC officials are pursuing individuals they believe may be underpaying income tax. The Bradford-based company […]

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Specialist lender Together has raised the maximum loan-to-value to 70% across its first and second charge mortgage products. The firm has also reduced the minimum loan size on its second-charge products from £50,000 to £30,000. Sundeep Patel, the lender’s head of intermediaries, said: “The housing market remains strong, with average UK asking prices rising by […]

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Brexit won’t destabilise the housing market as much was feared before the pandemic, said Kush Rawal, director of residential investment at Metropolitan Thames Valley Housing. While it will have some impact, he felt the impact of covid-19 will dwarf the impact of leaving the EU. Kush Rawal, director of Residential Investment at Metropolitan Thames Valley […]

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Charlotte Grimshaw is Ipswich Building Society’s head of mortgage sales Although family life has to some extent always driven trends in mortgages, Ipswich Building Society is anticipating that as we adapt to new ways of living and working, lending will become more notably family-centric in the coming year. Working from home will see a shift […]

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Two in five (40%) SMEs in the construction industry haven’t adequately prepared for the UK’s departure from the EU. The main reason for this is the continued focus on managing the impact of the pandemic. Among construction SMEs, 28% of their monthly business income is dependent on business with customers in the EU. Should tariffs […]

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Brokers are looking ahead to next year with optimism, after what’s been a challenging 2020, research from Masthaven Bank found. The survey of 265 intermediaries found that almost three quarters (71%) are confident about the market in 2021. Meanwhile 87% are optimistic about their own company’s prospects next year. Nearly two-thirds (63%) expect to see […]

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A third (31%) of potential buyers are ‘very likely’ pull out of moving if they miss out on the stamp duty holiday. What’s more, a further 43% of potential buyers said they would likely do the same, research from The Guild of Property Professionals found. The slow and cumbersome nature of the homemoving process this […]

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Buy-to-let landlords who have admitted to evading tax on their rental income underpaid an average of £4,480 in tax last year, up 72% from an average of £2,610 underpaid the year before. UHY Hacker Young, the national accountancy group, said it’s likely that landlords who have evaded larger amounts of tax are now beginning to […]

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Hope Capital has partnered with Dynamo for Intermediaries to offer bridging lending to those who go to the broker. Since joining the panel in November, Hope Capital and Dynamo have worked closely together to strike their first deal – a residential property based in London. Hope Capital currently offers bridging loans up to 75% LTV. […]

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Bradford is the cheapest city for solo buyers, where average one bed properties can be purchased for just £67,370 on average. In Bradford paying the mortgage and living expenses account for 43.8% of earnings. This is based on estimated monthly mortgage payments of £272, a cost of living of £597 per month, with average monthly […]

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