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Sir Jon Cunliffe, deputy governor of the Bank of England, has recently been reported to have told the BBC that the housing market poses the “biggest risk” to the UK economy. He further stated that the high levels of debt make the economy “vulnerable to shocks”. As house prices continue to rise faster than people’s […]
The Bombshell Budget Announcement In the summer budget, George Osbourne announced two major changes to the way private landlords are to be taxed. He decided to introduce, in phases, a tax relief on mortgage interest and to scrap the 10% wear and tear allowance. So landlords will now only be able to claim tax relief […]