The critical role of accurate rebuild values for landlords

admin    Uncategorized     agents

 If your rented property is damaged beyond repair in a fire or flood, then it’s important to look at rebuild values.

You’ll be asked for your property’s rebuild cost when taking out buildings insurance which covers the structure of your home.

View Full Article: The critical role of accurate rebuild values for landlords

Throwing the baby out with the bathwater?

admin    Uncategorized     agents

I was going to buy x 2 houses and turn them into HMO’s to put on long-term leases to SERCO (approx 100k each). On paper, it looks good and the numbers are appealing.

Then I started reading horror stories about dealing with SERCO.

View Full Article: Throwing the baby out with the bathwater?

Council to buy homes with a REIT to tackle homelessness

admin    Uncategorized     agents

A London council has announced it will create a Real Estate Investment Trust (REIT) to secure homes for housing homeless people and families.

The council’s strategy involves leasing back 300 properties from the RIT to boost its temporary housing capacity.

View Full Article: Council to buy homes with a REIT to tackle homelessness

Budget 2024: Landlords let down by the government again. What to do?

admin    Uncategorized     agents

This week’s Budget brought significant changes for landlords, with implications for capital gains tax (CGT), furnished holiday lets relief, and multiple dwellings relief.

As the dust is still settling, let’s consider their impact on our investments and the rental market.

View Full Article: Budget 2024: Landlords let down by the government again. What to do?

House prices will fall 2% this year – OBR

admin    Uncategorized     agents

The Office of Budget Responsibility (OBR) has released its Spring Budget forecast, predicting a 2% drop in house prices this year.

And the OBR admits in its briefing papers that the cut in Capital Gains Tax IS aimed at reducing the number of landlords and second homeowners (see below).

View Full Article: House prices will fall 2% this year – OBR

Durham’s student landlords accused of ‘panicking’ amid rent price drops

admin    Uncategorized     agents

An investigation by the Palatinate, Durham University’s student newspaper, reveals that estate agents in Durham have slashed prices for student properties available in the 2024/25 academic year.

The move comes after imposing hefty rent increases at the start of the year.

View Full Article: Durham’s student landlords accused of ‘panicking’ amid rent price drops

Removal of FHL – One man’s poison is another man’s meat. How will it affect you?

admin    Uncategorized     agents

The changes in Serviced Accommodation will impact different people in different ways. To some, it will provide an advantage, for others it will be time for change.

The changes are threefold:

1) Removal of FHL means the income for those who own in personal name will be treated identically to buy-to-let income for tax purposes.

View Full Article: Removal of FHL – One man’s poison is another man’s meat. How will it affect you?

How FHL abolition will impact UK holiday let owners

admin    Uncategorized     agents

Landlords and owners operating furnished holiday lettings (FHL) may still be reeling from Chancellor Jeremy Hunt’s announcement in the Budget that tax relief will be abolished from 6 April 2025.

Now tax accountants BDO have revealed what the financial impact will be from next year.

View Full Article: How FHL abolition will impact UK holiday let owners

Buy to let lenders announce new products and lower rates

admin    Uncategorized     agents

Several buy to let lenders have updated their products and rates to attract more landlords and investors.

The Mortgage Works (TMW), a specialist BTL arm of Nationwide, has cut its Interest Cover Ratios (ICR) for both higher and lower rate taxpayers

View Full Article: Buy to let lenders announce new products and lower rates

What The Spring Budget Means For Property Investors?

admin    Uncategorized     agents

What does the spring budget 2024 mean for property investors and property developers? Some property investors will suffer a massive tax blow! Join Ranjan Bhattacharya as he discusses the Spring Budget in his latest video. 

View Full Article: What The Spring Budget Means For Property Investors?