The UK property market is undergoing significant shifts, particularly due to the introduction of new regulations aimed at improving energy efficiency, safety standards, and tenant rights. For property owners, landlords, and investors, futureproofing your property isn’t just about protecting its value—it’s about staying compliant with these evolving laws and ensuring long-term success.
Tag: UK property market
What Are the Current UK Mortgage Rates?
Current Mortgage and Interest Rates Overview
As of now, the Bank of England’s Base Rate is 5.25%, held steady since August 2023. Recent trends show a decline in average mortgage rates, largely due to increased competition among lenders. Notably, the average rate for a five-year fixed mortgage is currently 4.88%, while the two-year fixed rate stands at 5.27%. These figures reflect a decrease from the previous week’s rates, indicating a favorable trend for borrowers.
Apply for a Repayment of the Non-UK Resident Stamp Duty Land Tax Surcharge in England and Northern Ireland
Check if you can and how to apply for a repayment if you’re a non-residential purchaser of property in England and Northern Ireland.
Who Can Apply
You or your estate agents can apply for a repayment of the surcharge paid on a property if all the purchasers are individuals and have spent 183 days in the UK in any continuous 365-day period: