“Scrap tax changes” – every residential landlord

New research from Paragon Mortgages reveals that most Buy to Let (BTL) landlords want the Government to reverse changes made to the way BTL investments are taxed. It may sound a little obvious, but the Paragon Mortgages PRS Trends report shows that landlords are aware of the changes in the way that BTL will be taxed. In the first quarter of 2017, 88% said that they fully understood the implications of tax relief changes, up from 71% six months prior. The Paragon PRS Trend report surveyed 201 residential landlords, asking what single ...

Record 22% housing market share for first-time buyers

First-time buyers took a record 22% share of the housing market in the fourth quarter of 2016, the highest since records began in 2007. A press release from the Bank of England published on the 14th of March shows that the percentage of first-time buyers is rising, with figures set to go even higher later in the year. The fourth quarter of 2016 saw £62.8 billion of new residential loans taken out, which was a 2.6% decrease compared to the previous three months. Adrian Anderson, the director of property finance specialist ...

Retirement: Relying on property to help fund your retirement? You’re not alone

Relying on property to help fund your retirement? You’re not aloneTwo new surveys have shown the extent to which people are relying on property to help fund their retirement. The first, by More 2 Life, found that 41% of people approaching retirement are now including their property wealth as a key part of their retirement planning. The second survey, by Key Retirement, shows that retired homeowners have seen their combined property wealth increase by £33 billion in the last six months alone. The astonishing rise is equivalent to an average of £1,200 ...

The dirty dozen: 12 early warning signs an investment is a scam

HiRes 150pxHardly a week goes by without the financial press reporting another huge fine for a bank, an investment that has failed, or a ruling by the Financial Ombudsman Service in favour of an investor. So how do you spot a scam? What are the tell-tale signs? How can you avoid losing your life savings? Here are the dirty dozen, 12 early warning signs to look out for: #1: Cold callers and unsolicited texts Receiving an unsolicited call or text message, which offers you an investment opportunity or a “free pension review” (more ...