Retirees across the South of England who rely on property to supplement their income face a growing tax squeeze following the Chancellor’s decision to increase property income tax rates in the Budget, analysis by Rathbones reveals. Landlords will pay four percentage points more tax on… The post Southern landlords face up to £22,000 tax hit: Rathbones appeared first on Mortgage Strategy.
Most buy to let landlords make profits despite rising operating costs, mortgage expenses and regulatory pressures, according to ModaMortgages’ analysis of research from Pegasus Insight. The specialist lender’s analysis of the latest Landlord Trends report found that 85% of landlords are making a profit from… The post Most buy to let landlords are making money, says ModaMortgages appeared first on Mortgage Strategy.
Equifax UK and ClearScore have expanded their 10-year partnership through a new initiative to integrate rental payment data directly into Equifax credit files. The initiative aims to help improve access to credit for tenants and supports renters who have little to no traditional borrowing history.… The post Equifax and ClearScore expand partnership to capture rental data appeared first on Mortgage Strategy.
Borrowers in London have an average of almost £100,000 in potentially accessible equity, analysis from Selina Finance suggests. The second-charge lender estimates that the average mortgaged household in the capital has £96,623 in usable equity, the highest of any UK region. Selina calculated usable equity… The post London borrowers have on average £97k in usable equity appeared first on Mortgage Strategy.
Everyone in the home buying chain knows where it hurts: missing information, repeated checks, and transactions that stall for weeks. The government’s roadmap for reform promises to fix much of this through digital data standards, and in time those standards will become mandatory. The question… The post Blog: Act now on digital data standards appeared first on Mortgage Strategy.
