UK Property

UK Property

Commercial property investment explained – Which?

Why invest in commercial property?Commercial property is an asset class to consider as a way of spreading, or diversifying, risk in your investment portfolio.You can earn money from a commercial property investment through income from renting to a tenant or capital growth from an increase in the value of the property.Generally, property isn't highly correlated to other assets classes such as cash, fixed income (bonds and gilts) and equities, meaning that property values move independently of other assets and aren't typically affected by what's going on in the stock markets.If...
UK Property

How rental income is taxed

Video: how tax on rental income is calculatedAs a landlord, you must normally pay income tax on any profit you receive from any rental properties you own. Put simply, your profit is the sum left once you've added together your rental income and deducted any expenses or allowances.Our short video explains how tax on rental income works.What counts as rental income for landlords?Your income is primarily the rent you receive but also covers any other payments from tenants for services normally provided by a landlord. These include:Cleaning of communal areasUtility...
UK Property

Oxford: Police raid property in city ‘firearms’ incident

Thames Valley Police (TVP) arrested three people, including one for firearms offences, following a major police operation on Marlborough Road near the city centre.  One householder described the residential street, with several cafes and a nursery, as a “usually nice and quiet area”.  READ MORE: Smoke billows after fire breaks out inside van at retail park However, at approximately noon on Monday police carried out a raid on one of the houses resulting in two arrests. Neighbouring properties were reportedly evacuated as part of the operation, and a part of the street was closed...
UK Property

What is an international mortgage?

What is an 'overseas' mortgage?An overseas or international mortgage is a mortgage for a property that's not in the UK.You might consider taking out an overseas mortgage if you're buying a holiday home, retiring to sunnier climes or buying your first property overseas because you can't afford to buy in the UK.You can arrange an overseas mortgage through a UK bank or an international lender. It can also be possible to raise the funds to buy a home abroad outright by remortgaging your UK property.Here, we explain the pros and...
UK Property

UK house prices fall after stamp duty rush cools market momentum

UK house prices recorded their sharpest monthly fall in a year as the housing market cooled following a rush of buyers trying to beat changes to stamp duty thresholds in England and Northern Ireland. According to Halifax, the average price of a home fell by 0.5% in March to £296,699 – marking the largest monthly drop since March 2023. This was the second consecutive decline, with February’s figure revised down from a 0.1% dip to a 0.2% fall. The pullback follows a mini-boom in January, when property prices surged to...
UK Property

Questions over whether Tulip misled UK parliament on flat

Former Labour city minister Tulip Siddiq has faced questions over whether she misled the UK Parliament over the ownership of an apartment in Bangladesh, reports The Daily Mail. The Anti-Corruption Commission (ACC) in Bangladesh is investigating the MP over the apartment – valued at £600,000, the UK-based publication says. Tulip, 42, told the Mail she received the apartment as a gift from her parents in 2002 and transferred it “lawfully and legitimately” to her sister Azmina within weeks of her election to parliament in May 2015. The records in the...
UK Property

Road near A34 closed after fire breaks out at property

Police said they were contacted just before 8.15pm yesterday (April 5) to support the fire service at a 'property fire' in Weston on the Green. A section of Northampton Road/B430 leading from Weston on the Green to the A34 is closed. A spokesperson for Thames Valley Police said: "This has been closed down from our perspective and left with Highways." READ MORE: Fight between men in Oxfordshire town centre leaves one with injury The Milk Shed, a business at Manor Farm off Northampton Road, announced it will be closed today due to...
UK Property

Drug kingpin back behind bars after £17m property empire seized. | UK | News

A drugs kingpin who amassed a £17m property fortune as part of a £180m drug money laundering gang is back behind bars after being caught with another mammoth hoard of heroin. Alam Zeb Khan was snared for a fourth time after National Crime Agency officers raided a flat in Small Heath, Birmingham, after surveillance teams had watched the 49-year-old crook enter it carrying a large brown shopping bag. Inside the flat officers found two heroin users along with Khan, whose shopping bag with the drugs he was peddling had just...
UK Property

Four-bed detached property for sale near Cockermouth

Built four years ago by Washington Homes, this property still benefits from six years remaining on the LABC build warranty. Prospective buyers will find the property offers access to Cockermouth, Carlisle, and The Lake District National Park. The open-plan living, dining, and kitchen area, which spans the full width of the house (Image: Zoopla) The property is also situated between the Solway Coast and the renowned Lake District National Park. The estate agent, eXp World UK, describes the property as being "immaculately presented." The ground floor features a lounge with...
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