John Lewis Pulls Out Of Residential Property Market

In this podcast we discuss the decision by the major retailer John Lewis to withdraw from developing thousands of residential

properties.

Meanwhile, as thousands of small private lands quit the buy-to-let property, private equity firms and hedge funds continue to invest

billions of pounds into the housing market.

Watch full video: https://youtu.be/m5Aoqr4hquU

New Tax Rise For Landlords

In another blow long suffering UK landlords,

Chancellor Rachel Reeves has announced a new higher rate of tax surcharge on rental income profits in her budget, which will see the tax burden rise to record levels. Buy-to-let landlords will pay a tax rate two percentage points higher than the basic and higher rates of tax from April 2027. Frozen threshold bands until 2030 means most

of us will pay more tax due to ‘fiscal drag’.

This is in addition to the hike in the stamp duty surcharge on second property purchases to 5%, which is having a detrimental effect on property development and flipping.

Watch full video here - https://youtu.be/O38dvXPp22k

Although successive governments seem to be doing their best to encourage the big corporate landlords and drive small landlords out of business (Section 24, licensing, increased red tape etc), they still