£5.3 million tax planning success

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This week we got approval for a £5.3 million bridging facility to allow a client to withdraw their partnership capital up to base cost from their property rental business pre-incorporation.

The facility will transfer to the company on incorporation but the partners will retain the cash.

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Universal Credit – What is all the fuss about?

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More and more over the last few weeks there have been articles discussing the Governments flag ship Universal credit system, this has been the most major shakeup in the Welfare Reform in 40 years. Currently there are two services; Universal Credit Live Service and Universal Credit Full Service.

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New Pre-action protocol for debt claims from 1st Oct

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The new protocol is designed to encourage debtor and creditor to communicate and resolve a payment plan before the need to go to court.

Click Here to download the full Pre-Action Protocol for Debt Claims

The following summary is from our partners at the Sheriffs Office:

New process for Creditors:

Creditors will be expected to have sent a clearly dated Letter of Claim by post

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Purpose built student accommodation in high demand

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Whilst there were concerns that Brexit would have a negative impact on the Purpose-Built Student Accommodation (PBSA) market in the UK, new research has quashed this theory, with Savills reporting that over £2.1bn was transacted in the student housing sector after Brexit, compared to £1.9bn earlier in 2017. The same report noted a 17% increase in investment in student accommodation in the UK year on year.

This illustrates a growing popularity in investment in PBSA, with investors recognising that the asset class can often offer higher returns than traditional buy-to-let.

The numbers of overseas students in particular flocking to UK universities to take advantage of the world-class education on offer is monumental, and only on the rise. Research from Universities UK International showed that 91% of international higher education students across all levels were satisfied with their university experience in the UK – so it is no surprise that the UK has seen a rise of 2.2% in applications from overseas students outside of the EU.

A rise in the number of university students has resulted in the demand for PBSA far outstripping supply, equating to there being 3.5 students for every available room last year. Industry experts have noted that this demand is particularly high in certain cities, including Liverpool which last year saw a 20% increase in students from the previous year. With an estimated 60% of these students requiring accommodation, the need for more PBSA speaks for itself.

High demand has made PBSA an excellent venture for property investors, with it becoming apparent that the need for high-quality student rental accommodation is a necessity. As well as this, there has been a growth in rents, in turn improving rental yields in the sector. Commercial property and real estate consultant Cushman & Wakefield is anticipating average headline rental growth of 2.9% between 2016/17 and 2017/18 within PBSA, demonstrating buoyancy in the market.

Research from Knight Frank has shown that the average weekly rent of a room in a student accommodation block is £126 – a figure that illustrates the growing trend within the student sector for students paying a premium in order to secure a luxury room.

PBSA often offer students more than a traditional university hall would, with many blocks fitted with extra amenities such as gyms, private kitchens, en-suites and communal games rooms. International students in particular are snapping up these boutique rooms as an alternative to more traditional student lets.

The upsurge in demand for student property in the UK means that investment in PBSA offers an excellent way to diversify your portfolio, with high yields and low entry prices. If you’re interested in finding out more about how you can invest in student property, contact StudentPodshop.com today and speak to one of our experienced student investment consultants.

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