Stuck with low EPC empty house we can’t rent?

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My Husband and I (in our 50’s) bought a house, our first one together. We managed to save up the deposit and recover our credit over 15 years to get a mortgage. Shortly after completing I fell ill and had to move into a bungalow

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How can I form a partnership if I’m the sole owner of the properties?

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Property ownership comes in two forms: legal ownership and beneficial interest. The two are usually united, but they can be separated. The legal owner of a property is the person who is registered at HM Land registry, whereas beneficial owners are entitled to enjoy the economic benefits of the property

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61% of Landlord’s gross rental income is £20,000 or less

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The English Private Landlord Survey, click here, profile of landlords shows the average gross rental income for all landlords is only £15,000 and that 61% have a gross rental income of £20,000 or less.

By the time you factor in ever increasing costs and taxation it should be obvious that being a landlord is not some get rich quick scheme full of ‘Fat Cats’.

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Question on tax when extracting money from a company

admin    Uncategorized     agents

So, our property company pays corporation at at 19%.

If we then declare a dividends, due to being a higher rate tax-payers we pay another 32.5% tax personally, and the company receives no tax credit for that. That’s a net effective tax rate of 51.5% –

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Protection for Airbnb landlords?

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The recent discussion over the future of the S21 process makes us wonder what protection does a landlord have when letting via Airbnb et al?

What happens if the guest outstays their welcome and stops paying? Airbnb could keep taking card payment until either the card is blocked or runs out of credit

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Landlords already planning ‘pre-Brexit’ war chest strategy

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With jitters that prices may drop, but still with plans to buy later this year (at reduced prices?), some of our landlords are now capital raising and releasing what they can based on the current (highest?) values, and then planning on using those available funds to snap up the opportunities when they come their way.

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Section 8 delays cause 56% of Landlords use Section 21 instead

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The consultation into which major reforms to make to private sector tenancies, including the case for a Housing Court, longer tenancies and the future of Section 21, has now ended and the industry awaits the result.  Critics are calling for Section 21 evictions to be banned

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Increasing numbers of families calling Scotland’s PRS home

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Scotland’s private rented sector (PRS) continued to rise as at Q4 2018, up 5% year on year (YOY), according to the latest Citylets report. Strong demand for properties of all sizes in major cities underpinned growth, with larger 3 and 4 bed properties posting the steepest gains as an increasing number of families settle in the PRS.

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SDLT income take down

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HMRC’s report for 2018 will not come as a surprise to most as there has been very little positive news of late. The successive tax hikes introduced on residential property and the lack of a clear Brexit scenario looms heavily over the UK.

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Hamilton Fraser purchases TDS from NLA

admin    Uncategorized     agents

Hamilton Fraser (HFIS plc) has taken full ownership of Tenancy Deposit Solutions Ltd (TDSL), which runs mydeposits, one of the three Government-approved tenancy deposit protection schemes, following the purchase of the shares of its joint venture partner, the National Landlords Association (NLA).

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