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With Labour’s landslide victory in the 2024 General Election, significant changes are anticipated for the private rented sector in England. Understanding both the content and pace of rental reform is crucial for landlords to navigate the evolving landscape.
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Mortgage troubles
The Bank of England’s recent Financial Stability Report paints a concerning picture for millions of UK homeowners. Despite interest rates starting to decline, the relief for many borrowers will be minimal, as over three million households are set to face a significant increase in mortgage payments over the next two years. This scenario is expected...
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Ah, the UK economy, often the stuff of economic fairy tales, filled with promises of growth and prosperity. But, as the latest figures reveal, April was not a month for any such happy endings. According to the Office for National Statistics (ONS), the UK’s Gross Domestic Product (GDP) was as flat as a pancake in...
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This change marks a significant milestone for homeowners across England and Wales as the Leasehold and Freehold Reform Act has officially become law on 24th of May 2024. This landmark legislation, introduced by the Department for Levelling Up, Housing and Communities, aims to revolutionise the rights and protections afforded to leaseholders and freeholders alike. Here’s...
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Today, official data revealed that the Consumer Prices Index (CPI) rose by 2.3% in the 12 months to April 2024, a notable drop from the 3.2% increase seen in March. This figure, though lower than the previous month, is slightly above the 2.1% predicted by economists. While progress has been made, it’s not quite enough...
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A recent report reveals positive developments in the buy-to-let market for the first quarter of 2024. While not a full-blown boom, the data suggests a period of stabilization and potential growth for investors. Here’s a closer look at the key takeaways:
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In today’s ever-shifting economic landscape, the costs associated with bringing up a child can feel as daunting as they are delightful. From the very first nappy to the last school uniform they’ll wear at 18, every parent should be aware of the financial journey that lies ahead. But just how much does it really cost...
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With the fluctuating economy and varying interest rates, homeowners are constantly seeking ways to manage their finances more effectively. One strategy that often comes up in discussions is making overpayments on mortgages. While it might seem like a straightforward decision, there are several factors to consider to ensure it aligns with your financial goals and...
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As the UK grapples with its economic adjustments, recent inflation data suggests that the Bank of England (BoE) might have to delay its anticipated rate cuts, potentially pushing them back to later this year or even into the third quarter. The latest Consumer Price Index (CPI) figures indicate a persistence of higher-than-expected inflation rates, raising...
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