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BOE rates highest since March 2009 The BOE rate rise from 0.5% to 0.75% may seem small, but it marks the most significant rise in borrowing costs since March 2009. Many mortgages will rise in cost, but savers will be looking forwards to slightly better returns. The last increase...

Lifetime mortgage or retirement interest-only? A recent mortgage option for older homeowners has become available, retirement interest only (RIO). Effectively the borrower pays monthly interest until they sell their home, go into care or die. At which point the property is sold...

Empty Homes The number of empty homes (vacant more than 6 months) has risen for the first time in 10 years to more than 205,000 with an estimated value of ?50bn, according to government data. At the height of the financial crisis long term vacant homes in the UK were in the...

Spring Statement The Chancellor of the Exchequer delivered his Spring Statement reaffirming the government’s commitment to oversee the building of 300,000 homes annually. The Chancellor also announced 26,000 new affordable homes in the capital. He also highlighted that...

Section 24 BTL changes were announced in the Summer Budget of 2015. From 6th April 2017 the amount of Income Tax relief landlords could get on residential property finance costs was restricted to the basic rate of tax. According to recent figures this means that more than 8...

Property Renovations would like to wish a Happy New Year to?all our clients and tenants! We return to action 9am on the 2nd January 2018 Our normal emergency service for our tenants will be in place throughout the festive period.

Last Wednesday we had the eagerly anticipated conservative budget 2017. With some reassuring news for the housing market, first time buyers and the North. Overall The recent budget has confirmed the government’s dedication to the Northern Powerhouse and deliver new property...

First BOE rate increase in over 10 years The BOE rate increase from 0.25% to 0.5% may seem small, but it marks the first rise in borrowing costs for a decade. Many mortgages will rise in cost, but savers will be looking forwards to slightly better returns. What does the increase...