Planning officials of the UK’s second city, Birmingham, have recently endorsed and approved the plans for a new city centre redevelopment housing project, Monaco House. Comity members of the city council’s planning department unanimously approved planning consent.
Another way to avoid the cuts in landlord mortgage interest tax relief would be to not have a mortgage at all ie to pay for a property by cash.
According to the latest Rightmove Rental Trends Tracker, landlords in the East Midlands are charging an average 2.7 per cent more than the same period last year, while rents have increased by two per cent over the last quarter.
In recently revealed data by Halifax, house prices within London were one of only two areas within the United Kingdom to fall in March. Historically, London’s property market has been one of the strongest in the world, attracting millions of investors to take advantage and make great gains.
In the latest figures revealed by The Guardian, the total amount of rent paid by tenants has doubled in the last decade, soaring to more than £50 billion in 2017 alone.
