Buy-to-Let Newcomers Have Never Had It Better
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The cost of long term fixed rates is about half of what they were at the lowest point whilst I built my own property portfolio. Newcomers to buy-to-let will not be affected by tax changes on mortgage interest relief because they will buy in a Limited company from day one. Tenant demand has never been higher…. Read more
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One in four landlords selling up due to MIR changes
A week ahead of the Autumn Statement the RLA can reveal that a quarter of all buy-to-let landlords are selling homes as a result of Government tax changes. An RLA survey of more than 1,000 landlords showed that a quarter had either sold one of their properties or had one on the market as a […]
The post One in four landlords selling up due to MIR changes appeared first on RLA Campaigns and News Centre.
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Rent Smart Wales deadline one week away
There is just one week to go before enforcement of Rent Smart Wales begins, and with thousands of landlords still not registered or licensed. From November 23 any landlord or agent who has not complied with their duties under Rent Smart Wales could face harsh penalties, which could cost them thousands in back rent and […]
The post Rent Smart Wales deadline one week away appeared first on RLA Campaigns and News Centre.
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Life can be so cruel at times
Since I began growing my property rental business in 1989 I have become accustomed to high gearing and would even go as far as to say I have become comfortable with it. Many people cannot understand how I can sleep at night with over £5,000,000 of debt hanging around my neck. Maybe I am a… Read more
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Britons without passports are victims of Right to Rent
British people who don’t have passports are struggling to rent homes, after the Government made landlords responsible for carrying out illegal migrant checks. According to a new survey of landlords by the RLA, 43% said that they were less likely to rent to those who do not have a British passport because of the fear of […]
The post Britons without passports are victims of Right to Rent appeared first on RLA Campaigns and News Centre.
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BTL – How much can you borrow Pre and Post 1st of Jan (now is the time to act)
I have had lots of people ask how the calculation works for the amount you can borrow after the new rules come into force next year regarding Buy to Let affordability testing. To make it simple as a follow up to the example in the original article below: The maximum you can borrow: Pre January… Read more
The post BTL – How much can you borrow Pre and Post 1st of Jan (now is the time to act) appeared first on Property118.com.
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Nationwide – another West Brom?
Following the hugely impressive decision in West Brom (well done Mark and team!), I’ve been looking into the position regarding my Nationwide mortgage. This started off as a tracker residential mortgage with Portman in 1996. I moved in 1998 and applied for, and was granted, consent to let. Portman applied a 1% loading to the… Read more
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Rent Smart Wales Deadline Approaches…
The Residential Landlords’ Association (RLA) is reminding all landlords and agents with properties in Wales that the deadline for registration is the 23rd November 2016. There are only a few days left to make sure you are letting within the law – after the 23rd it will be a criminal and civil offence to let […]
… LandlordZONE.
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