UK Property

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A man has been arrested on suspicion of arson in connection with a series of fires including at Sir Keir Starmer’s family home and other property linked to the prime minister.The Metropolitan Police said a 21-year-old was arrested in the early hours of Tuesday on suspicion of arson with intent to endanger life. In a statement, the Met said the arrest related to the fire at the four-bedroom house in Kentish Town...

The patriarch of one of the Europe’s biggest fortunes is among the latest wave of rich baby boomers and Gen X residents exiting the United Kingdom amid tax hikes aimed at the country’s wealthiest denizens.Troels Holch Povlsen, the 75-year-old founder of clothing giant Bestseller, which owns the Jack & Jones brand, recently switched his usual residency to his native Denmark after previously citing it as England, according to registry filings.Elio Leoni Sceti, 59, the former chief executive officer of EMI Music and co-founder of an early stage investment firm based...

Dreams of the perfect profession, pastimes and even partner often lure young people away from the their hometowns to the bright lights of a big city. As time passes and ambitions are fulfilled, many wish to swap the excitement of city life for a more settled lifestyle. In the programme, presenter Helen Skelton and Northern Ireland architect Patrick Bradley follow one such young couple. Jess and Colin are leaving London to return to their family roots in Powys in rural Wales where they hope to create their dream house. Having...

British police are investigating a fire which broke out at UK Prime Minister Keir Starmer's house in London.In a statement, the Metropolitan Police said officers were called to a property in Kentish Town, in the north London borough of Camden. Authorities say there was damage to the property's exterior but no one was injured. The house is in Mr Starmer's parliamentary constituency of Holborn and St Pancras.The Labour leader previously lived there before moving into Downing Street — the traditional home of British prime ministers — after his election victory last July."Officers...

UK PM Keir Starmer’s north London house hit by suspicious fireA fire broke out early Monday at a house in north London owned by UK Prime Minister Sir Keir Starmer.The fire caused damage to the entrance of the property but as per the Metropolitan Police, no one was injured in the incident. As per the reports, the police, including counter-terrorism officers are now investigating the incident.The house, located in Kentish Town, is not where Starmer currently lives but he still owns the property and has rented it out.A statement from...

Who should use the practice note? Solicitors and their teams who handle property transactions.  The note considers how to address climate change risks in these transactions, whether they involve residential, commercial, or mixed-use properties.  The note offers practical advice suitable for most solicitors, regardless of their firm's size or whether they specialise in residential or commercial work.   Consultation findings In September 2024, we launched a public consultation to explore how a new climate risk and conveyancing practice note could help you. The consultation produced detailed feedback that has been used...

News A climate change and property practice note has been launched by the Law Society of England and Wales today (12 May) to help support property solicitors. The new practice note will complement the Law Society’s practice notes on flood risk and contaminated land and builds on landmark climate change guidance for solicitors and firms released in 2023. It has been developed in response to a call from members for greater clarity on how climate risk affects their conveyancing practice, together with practical guidance on how to advise clients. The launch...

Secretary of State for Science, Innovation and Technology, Peter Kyle. (Photo by Dan Kitwood/Getty ... More Images)Getty Images Today, The Entrepreneurs Network has published an open letter to the Secretary of State for Science, Innovation and Technology, Peter Kyle, asking him to urge Members of Parliament and Peers to reject amendments to the Data (Use and Access) Bill that threaten to undermine the Government’s careful and consultative approach to legislating on copyright and AI development. The House of Lords will debate the Data (Use and Access) Bill today, including proposals...

I’m selling a rental property and trying to work out my allowable expenses in an effort to reduce the capital gains tax. Can you help?A Which? Money memberGet expert help with your money problems'Know the difference between maintenance and income'Mike Croxford, Which? Money expert, says...HMRC distinguishes between maintenance, which can be set against the income from rent to reduce income tax, and improvement, which, as a ‘capital expense’, can be set against capital gains.Improvement typically involves adding something to a property that it has never had before, such as an en-suite...

This city is one of the best for its sense of community - it’s home to a thriving city and a beautiful coastline nearby. Newcastle is not only one of the UK’s most exciting cities but it’s also one of the most affordable. A listing on Zoopla shows a house for as little as £7,500 that is on sale at the moment with many other affordable properties across the city.According to RightMove, house prices in Newcastle Upon Tyne have an overall average of £232,009 over the last year. Newcastle is...