The Mansion Tax is coming. Properties valued between £2 million and £5 million will be slapped with annual charges ranging from £2,500 to £7,500. But remember this is in addition to Council Tax which, like a dogged TV Licence inspector, simply refuses to go away. Given the average Council Tax bill is around £4,000, homeowners…
Average asking prices remain flat in February, holding at £368,019 after January’s record rise, according to Rightmove. The first two months of 2026 have seen prices climb 2.8% since December, driven by a boost in buyer and seller confidence following Budget clarity. While price gains from January have held, new listings have largely avoided further…
A new and unified trade organisation for commercial property has been created following almost unanimous agreement among members of three existing bodies to merge into one, to be called Real Estate: UK (RE:UK). These are the British Property Federation (BPF), the Association of Real Estate Funds (AREF) and the Investment Property Forum (IPF) and the…
Key figure has tragically passed away following a cycling accident Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
What does the new legislation mean for letting agents, landlords, and tenants? Author: Gemma Discover more from Sovereign Prime Property Subscribe to get the latest posts sent to your email. Type your email… Subscribe
UK Finance has released its latest mortgage arrears and possessions data for Q2 2026, which highlighted continuing lender support for customers facing financial difficulty. There were 77,940 homeowner mortgages in arrears of 2.5% or more of the outstanding balance in the second quarter of 2026, which was 1% fewer than in the previous quarter. The…
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