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High mortgage rates hit London hard - Zoopla
20+ hour, 16+ min ago (319+ words) Higher mortgage rates add a whopping £35,000 to an average London buyer’s deposit, according to a new analysis. A report from the portal says: “The impact of higher mortgage rates has hit home buyers in London much harder than the rest…...
Warning of HMRC tax clampdown on property industry
6+ day, 21+ hour ago (288+ words) A law firm says HM Revenue & Customs (HMRC) is targeting the property industry for up to £645m in additional tax. That’s a 40% increase on 2024/25’s £461m figure. This is according to international law firm BCLP. HMRC hired over 1,600 additional compliance officers in…...
How Rising Interest Rates Are Pushing More UK Landlords to Sell Fast
3+ week, 2+ hour ago (221+ words) For a landlord with a mortgage of £200,000, a jump of just two percentage points in the interest rate can add well over £300 a month to repayments. Multiply that across a portfolio of two, three, or more properties, and the strain…...