Is your Landlords Insurance renewing before the end of the year?
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If your Landlords Insurance is renewing before the new year let us know when or get an immediate quote and one of the team will give you a call. Landlords Insurance – Price Guarantee We can GUARANTEE to beat any like for like quotation for landlords insurance. Operated on behalf of Property118 by The Property… Read more
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Redfern review into the decline of Homeownership
Published today, the Redfern Review is supposed to be an independent report, led by Pete Redfern, Chief Executive of Taylor Wimpey, commissioned by Labour Shadow Secretary of State for Housing, John Healey MP. The review into home ownership reveals that the financial squeeze on young people is at the heart of the decline in the… Read more
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Nigel Lawson tells Hammond to cut stamp duty to raise more tax
The Daily Telegraph has launched a campaign calling on Mr Hammond to address the issue of stamp duty in next week’s Autumn Statement. Click Here In an article for the Telegraph today, Lord Lawson, Chancellor for Margaret Thatcher from 1983 to 1989, says the Treasury could learn from his time as Chancellor when he cut… Read more
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Rate of Rent Increases Slowing Down
The latest data from HomeLet shows that rents across the UK rose by an annual average of 3pc to October 2016. Their data shows that landlords are “balancing affordability with returns.” Tenants signing a new tenancy during October 2016 were on average asked to pay a monthly rent of £902, an amount which is 3pc […]
… LandlordZONE.
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Buy-to-Let Newcomers Have Never Had It Better
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 […]
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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 […]
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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 […]
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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
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