Property news

How to Declare Airbnb Income to HMRC

Your Airbnb account says guests paid £800 for a stay, but a smaller amount reached your bank account. Which figure belongs on your tax return? If you only let the property for a few weekends, do you need to send a return at all?

The first job is to establish what HMRC expects for your type of letting. After that, you can collect the figures for the correct tax year, register if necessary and...

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Kensington house prices fall by more than two times the average annual earnings in the last year

The latest research from the homebuying platform, YesHomebuyers , has revealed that over the last year, house prices in Kensington and Chelsea have fallen by more than twice the annual net salary in the borough.

The average house price across Britain has climbed by almost £24,000 in the last year, just shy of the average annual net earnings of £25,266.

In Hammersmith and...

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Pandemic uncertainty pushes more tenants towards long-term tenancies

Research from build to rent specialists, Ascend Properties , has further highlighted the important role of the sector in meeting the needs of the modern-day tenant, as an overwhelming majority say they want longer-term tenancies.

The survey of over a thousand UK tenants commissioned by Ascend found that 93% of those asked think that tenancies longer than 12 months should be more...

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London property sales see 6% increase in asking price achieved since start of the year

The latest property market analysis by London lettings and estate agent, Benham and Reeves , has revealed which areas of the London property market are seeing homesellers achieve the highest percentage of asking price, as well as where has seen the biggest increase in asking price achieved.

At 5.2%, London has seen the lowest rate of annual house price growth of all regions , but...

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The two-bedroom Hayward is among the homes now available from Elan at Three Js in Abberley

LEVEL UP YOUR HOME BUYING OPTIONS IN WORCESTERSHIRE

THE scarcest of new builds, the bungalow, is among the homes available in Abberley as Elan Homes does its level best to provide a diverse range of housing options. Offering everything from two-bedroom bungalows to substantial five-bedroom family homes, the mix of properties at Three Js is perhaps surprising given the intimate nature of the development on Clows Top Road, which once complete...

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Just 19% of landlords have plans to offload their buy-to-let portfolio in the next five years

The latest research by the nationwide buy-to-let specialist, Sequre Property Investment , has revealed that despite a string of government changes around stamp duty, tax relief and a potential change to capital gains tax, UK landlords remain undeterred where their investment intentions are concerned.

While changes to tax relief and a three per cent increase to the rate of stamp duty...

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Beat the Heat: Five tips on how to stay cool when working from home!

The UK recorded the hottest day of the year so far as temperatures exceeded 30C in across the nation and Google searches for fans in the UK since last week have increased by a whopping 669%!

As much as this weather is truly appreciated by Brits, a lot of us are still working from home without the joy of the office air-conditioning. To help, tech experts at Fasthosts.com have revealed...

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Can using BNPL schemes affect your chances of securing a mortgage?

Recent headlines suggest that users of Buy Now Pay Later (BNPL) schemes like Klarna and Clearpay may be at risk of having their mortgage application declined, due to the credit agreements being factored into the mortgage affordability assessment.

The news comes as money.co.uk releases their Shop Now, Stress Later report for 2021 which reveals that one-in-six BNPL users (16%) have...

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UK Families Can Lose Up to £400 Million In Rental Deposits Because Of Household Damages Caused By Kids

Recent research has shown that curious kids can cause up to £400 of damage around the house before the age of three. With one million private renters who have children in the UK, this can amount to £400 million in deposit deductions.

Digging into recent data, London based Estate Agents Douglas & Gordon have researched and compared the most common and costliest household damages...

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Innocent holiday photos are finding burglars on the prowl

More than 100 amber countries will be open to fully vaccinated Brits, meaning more than 5 million* holidaymakers are set to leave their homes empty.

On Instagram alone there are 515k #outofoffice open account posts, a further 16.3 million #airport uploads and a mammoth 152 million #holiday hashtags. Sharing posts relating to passports, which 2.8 million have on Instagram alone, not...

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