Planning officials of the UK’s second city, Birmingham, have recently endorsed and approved the plans for a new city centre redevelopment housing project, Monaco House. Comity members of the city council’s planning department unanimously approved planning consent.
Another way to avoid the cuts in landlord mortgage interest tax relief would be to not have a mortgage at all ie to pay for a property by cash.
According to the latest Rightmove Rental Trends Tracker, landlords in the East Midlands are charging an average 2.7 per cent more than the same period last year, while rents have increased by two per cent over the last quarter.
Over the last few years, a storm of Government changes has affected the Buy-To-Let market and its investors. Changes such as the 3% stamp duty surcharge on second properties and the reduction in mortgage interest tax relief have meant many investors have turned away from this type of investment.
During a recent conference where Theresa May announced reforms to planning rules, the prime minister suggested that house builders are to blame for the UK’s chronic housing shortage, but Berkeley, one of Britain’s biggest housebuilders
In recently revealed data by Halifax, house prices within London were one of only two areas within the United Kingdom to fall in March. Historically, London’s property market has been one of the strongest in the world, attracting millions of investors to take advantage and make great gains.
Edifice Invest discusses a booming Birmingham Investment and the period of significant change the UK is currently undergoing. We discuss the growing sense of optimism across the West Midlands region which is critical to how investors turn uncertainty into success.
Edifice Invest discusses what Chancellor Philip Hammond’s Spring Budget really means for the UK and how investors can start taking advantage of the numerous investment opportunities available.
In the latest figures revealed by The Guardian, the total amount of rent paid by tenants has doubled in the last decade, soaring to more than £50 billion in 2017 alone.
In recently released data, the value of Britain’s homes has reached over £6 trillion for the first time. In one year alone, the value of homes in the UK has risen by £376 billion and the number of homeowners without a mortgage have a total property wealth of over £2 trillion.
