Labour are considering equalising capital gains tax (CGT) with income tax, according to reports, which could hike landlord tax bills when selling properties. Sky News reports that Labour ministers are mulling over a draft paper that would push CGT into line with income tax. CGT… The post Labour planning to equalise CGT and income tax, report says appeared first on Mortgage Strategy.
Barclays is raising prices by up to 55 basis points tomorrow, with widespread rate increases across both buy-to-let and residential products. Existing customer deals and new business rates will both see price hikes. It comes as the average mortgage rate surged to 5.48% this morning,… The post Barclays hikes prices by up to 55bps appeared first on Mortgage Strategy.
Foundation and Family Building Society have both temporarily withdrawn products due to the current market instability. Foundation has pulled all products and says “this isn’t a decision we’ve taken lightly”. The lender says: “It’s a necessary step to ensure we can keep doing what matters… The post More lenders pull rates as turmoil continues appeared first on Mortgage Strategy.
The average mortgage rate has surged by 59 basis points since the outbreak of war climbing from 4.89% in late February to 5.48% this morning and gaining 14bps in the last day alone. Data from Moneyfacts shows the average rate across all types of product… The post Average mortgage rate 59bps higher than at start of war appeared first on Mortgage Strategy.
Landbay has introduced new small HMO and remortgage automated valuation model products to its Premier range, including a new small HMO product transfer (PT) options for existing borrowers. The buy-to-let lender has launched new two- and five-year fixed rate options, available up to 75% loan-to-value… The post Landbay adds AVMs and HMOs to Premier range appeared first on Mortgage Strategy.
