UK business is managing to keep its head above water, showing surprising resilience in the face of a multitude of global economic pressures such as the rise in oil prices and the credit crunch, according to the latest report from accountants and business advisors, BDO Stoy Hayward.
BDO Stoy Hayward LLP, Press Release – 28/11/2007
The BDO [...]
Changing CGT could be a bigger disaster for the UK financial services industry than the Northern Rock scandal, Premier Wealth Management warns. Managing director Adrian Shandley says if the CGT changes go ahead, he can envisage a mass exodus from insurance bonds.
Hysni Kaso, IFAonline.co.uk – 29 November 2007
Shandley noted insurance companies heavily rely on these [...]
From 1 October next year landlords will be obliged to provide an energy performance certificate to prospective tenants – much as home sellers already have to provide an EPC when they put their home on the market.
Lorna Bourke, Money Columnist, Citywire.co.uk – 29 November 2007
In neither case is it likely to affect whether a person [...]
House prices in Britain are overvalued by about 30 per cent, HSBC said yesterday, sounding the alarm that the property market could suffer a similar slump next year to that experienced in the United States.
Gabriel Rozenberg, The Times – 29 November 2007
The alarming report from the bank’s chief UK economist, which gave warning that the [...]
Buy-to-let to grow by over 40% within next ten years, Market growth leads to the increase of ‘professional landlords’
Positive attitudes towards renting and a desire to be ‘footloose and fancy free’ have sparked a surge in the buy-to-let market – which is predicted to grow by over 40 per cent (41%) by 2016, according to [...]
The City is betting on UK house prices falling by 7 per cent next year in new tradeable derivatives contracts, which some bankers say is the best indicator of the market’s direction as millions of pounds are riding on the outcome.
David Oakley and Chris Giles, FT – 25 November 2007
These future housing contracts, which were [...]
NALS (National Approved Lettings Scheme) has launched a new campaign that is expected to be warmly welcomed by its 1,505 – strong member agencies.
The “NALS GOES GREEN” initiative will support members in providing both tenants and landlords across the UK with useful and relevant information that will help them become more environmentally conscious and socially [...]
Energy Efficiency
Energy efficiency improvements cost less than you think. Central heating, insulation, and double glazing can increase the long-term value of your properties and make them more attractive to renters. What’s more there are many grants available and they can reduce your income tax bills.
Here are some simple things you could do to improve the [...]
The date was Tuesday, March 15 1988. Nigel Lawson was enjoying delivering his fifth Budget, one that would see the then chancellor eliminate public borrowing, cut the basic rate of tax from 27p in the pound to 25p and abolish all higher income tax rates above 40p in the pound.
Chris Giles, Economics Editor, FT – [...]
BUY-to-let, once regarded by some investors as a sure-fire way to make money, has seen its fortunes suffer in recent times.
Rosemary Gallagher, The Scotsman – 24 November 2007
Only this week, Paragon, the UK’s third-biggest buy-to-let mortgage firm, admitted it was facing funding uncertainties as a result of its costs spiralling on the back of the [...]
