April 20, 2024
Mortgage

Almost 150,000 landlords facing ‘significant’ jump in mortgage costs in 2024

Reductions in tax relief on buy-to-let mortgages, which were phased in between 2017 and 2020, have amplified the impact of higher rates on landlords who own properties in their own names.  The new rules mean landlords are no longer able to deduct all of their mortgage interest as a business expense when they calculate their

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Mortgage

10,000 homeowners are at risk of becoming ‘mortgage prisoners’

More than 10,000 homeowners are at risk of becoming mortgage prisoners as a negative equity “time bomb” looms, new information suggests.  The number of houses purchased with a loan worth 95pc or more of the value of the property doubled last year, according to figures released under a Freedom of Information request. These homes are most

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