Over the last five years, life has become a little trickier for Swindon landlords, with changes to their taxation status, mortgage interest relief and an additional 3% stamp duty for a buy-to-let property, and has made lots of Swindon landlords ask themselves: ‘Is buy-to-let in Swindon still worth the risk?’ Regarding taxation, in 2016, the Government added a 3% supplement in stamp duty on...
• With the Bank of England raising interest rates and inflation high, what is happening in the Swindon property market? • Are properties selling in Swindon? And if so, what is selling? • What will happen to the value of your Swindon home? • Read the article to find out what is happening to the Swindon property market. As we enter February, the Swindon (and British) property market is full of...
An additional 6,926 spare bedrooms have been locked out of the Swindon housing market since 2011 as Britain’s ageing population means the country’s stock of homes is being used more unproductively. The number of spare bedrooms in Swindon between 2011 and 2021 increased from 93,979 to 100,905. The number of Swindon households living in properties with at least two spare bedrooms (i.e. spare...
In her first conference speech as the Tory's new leader in 1975, the grocer’s daughter from Grantham, Margaret Thatcher, asserted her conviction in a ‘property-owning democracy’.Although Thatcher didn't conceive the saying – (that credit belonged to Conservative MP Noel Skelton in 1923), it encapsulated what she thought Britain should be.Through prudence, saving and hard work, she believed that...
The Swindon housing market over the last three months is now becoming more ‘normal’ after the last couple of years of insane demand when the lockdowns started a race for space!
Extensions can be a great addition to a home, and the light and space they create, not only enhance the flow of fresh air and natural light but may also add significant value to your home. Planning to extend your home can be a bit of a minefield if you don’t have any experience, so first of all, it is important to take your time in deciding whether an extension project is for you. You’ll need to think...
The Swindon property market has changed in the last 12 months, with more Swindon properties coming onto the market. This has given greater choice to Swindon home buyers and buy-to-let landlords. The value of Swindon properties that had their sale agreed upon in the early spring of 2022 (and completed their sale in September 2022) is 13.4% higher than those Swindon properties that had a sale agreed...
Swindon Buy-to-Let Landlords. Would it surprise you that inflation can be very useful when it comes to protecting your hard-earned savings and investment? Some of you reading this will be old enough to remember the 1970s – the bell-bottom trousers, the huge collars, frayed jeans, disco glitter balls, maxi dresses, midi skirts but above everything else - HYPER INFLATION.With inflation currently standing...
The doom and gloom of the national newspaper headlines regarding the UK property market would make you think Armageddon has arrived, this being the second most interesting topic to the Brits (the first being the weather!). So what is happening in the British property market? As with most things in life, the devil is in the detail. 2020 and 2021 were exceptional years for the UK Property Market. In Q4...
The number of properties available to rent in Swindon has dropped from 1,394 to 597 since February 2020. The average rent a tenant has had to pay in Swindon has risen from £767 to £984 since February 2020. Many Swindon landlords have cashed in on the post-lockdown property boom of the last two years and sold their properties to owner-occupiers - not fellow landlords. The supply of...
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