Taxi drivers to lose tax relief on fuel in the Autumn Statement 2016
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Rumour has it that private taxi drivers will no longer be able to offset fuel costs as an expense against their income, thus preventing them from getting unfair tax relief on their fuel. The Treasury initiative is designed to “level the playing field” with private motorists who have to pay for fuel out of their… Read more
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Will taxi drivers and haulage companies lose tax relief on fuel in the Autumn Statement 2016?
There is a rumour that private taxi drivers and haulage businesses will no longer be able to claim tax relief on their fuel. The initiative is designed to level the playing field with private motorists whi have to pay for fuel out of their taxed income. Only private businesses will be affected, companies will continue… Read more
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A Hole in the Bucket – Action and Fighting Fund Update
A big thank you to all readers that have donated so far to the fighting fund and I am delighted to report we have raised £781. This has allowed us to purchase a lobbying database of email addresses for of all MPs, Lords and Baronesses. It allows us to send bulk personalised emails whenever we… Read more
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How do Mortgage Companies value an HMO?
Can anyone advise how mortgage providers value a house for mortgage purposes? As an example take an HMO which would be valued at £300,000 as a single family home, based on similar properties in the area, and which cost £310,000 including renovations and alterations (with 6 rented rooms) bringing in a total of £36000 in… Read more
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Landlord possession claims down by 21%
The number of claims made by private sector landlords to re-possess a property have fallen by 21% over the past two years. According to official statistics published by the Ministry of Justice today, the number of possession claims made to county courts in England and Wales by private landlords have fallen from a high […]
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Now is the time to act if you are considering a BTL remortgage or purchase
The Prudential Regulation Authority (PRA) Consultation on landlord ‘affordability’ management is being implemented as guidance to lenders from the 1st of January. The PRA are requiring Buy to Let lenders to take into account borrower’s increased tax liabilities due to Section 24 mortgage interest relief reductions and other outgoings when assessing the amount of loan… Read more
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Rents Rising to Meet Mortgage Payments
Detailed research* from Experian shows that rental payments are catching up with and even surpassing typical mortgage payments for first-time buyers, but in the third quarter of 2016, 84% of UK districts still have rents which are higher than mortgage payments. And with inflation predicted to hit 4% in 2017, mortgage payments are set to […]
… LandlordZONE.
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