Browsing all articles from July, 2024
Jul
11

UK Property Co and Buying Abroad

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I am considering expanding the property portfolio in my UK based Limited Company.

I currently live in Portugal and rental properties are in high demand here.

Property prices are dropping slightly at the moment and I was wondering if it would be possible for my Limited Company to purchase a property in Portugal.

View Full Article: UK Property Co and Buying Abroad

Jul
11

Innovative Sharia-compliant BTL finance service launched

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Offa, the UK’s first Sharia-compliant bridge finance fintech company, has launched a buy-to-let (BTL) service.

Its new offering aims to shake up the traditional Islamic finance market with quicker approval times and a digital application system.

Offa’s BTL service leverages cutting-edge technology to cater to both Muslim and non-Muslim property investors.

View Full Article: Innovative Sharia-compliant BTL finance service launched

Jul
10

How should landlords handle damp and mould issues?

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Hi, hope this post comes as helpful and can kick off some useful discussions. It’s about damp and mould, the risks, and mitigations as well as a (my current) case study.

I own and self-manage an ex-local authority flat in South East London and it’s been fine (concerning damp and mould) for years.

View Full Article: How should landlords handle damp and mould issues?

Jul
10

Landlords set to raise rents as costs increase

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Landlords across the UK are planning to raise rents in the next year, with nearly 85% expecting to do so, research reveals.

A new survey by Landbay reveals a big shift from previous years, where rent rises were primarily driven by high demand for rented homes.

View Full Article: Landlords set to raise rents as costs increase

Jul
9

SDLT 3% Surcharge Impacting Rental Supply in High-Value Areas

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Welcome to another episode of Property Breaking News! In today’s video, Ranjan Bhattacharya and Andrew Roberts dive into the significant impact of the 3% Stamp Duty Land Tax (SDLT) surcharge on rental supply in high-value areas. 

This surcharge

View Full Article: SDLT 3% Surcharge Impacting Rental Supply in High-Value Areas

Jul
9

Landlords urged to be wary over council ‘safer renting’ schemes

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Landlords need to be cautious over the growing numbers of council-promoted ‘Safer Renting’ schemes, one legal expert warns.

Phil Turtle, of Landlord Licensing & Defence, says that while the schemes appear to be aimed at improving tenant safety

View Full Article: Landlords urged to be wary over council ‘safer renting’ schemes

Jul
8

Delaying SDLT and paying the fine

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I’m buying a derelict property to refurbish and running pretty tight on cash for the first 3 months of the project while we wait on a sale of an old btl going through.

Reading through the HMRC SDLT guidance it looks as though you can pay up to 3 months late and pay a £100 fine

View Full Article: Delaying SDLT and paying the fine

Jul
8

The Challenge of Pets in Rental Properties

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Landlords have long struggled with tenants wanting to keep pets in rental properties.

For landlords, pets pose an unpredictable risk of property damage.

For tenants, pets are cherished family members, making the idea of renting a home and giving up a pet like Rover or Tigre unthinkable.

View Full Article: The Challenge of Pets in Rental Properties

Jul
8

How to recover rent arrears?

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Hi everyone, please can I get some advice on how to proceed.

Tenants have an outstanding balance of around £3000 in rent arrears. The possession court date was around 3 weeks ago which the tenant chose not to attend

View Full Article: How to recover rent arrears?

Jul
8

Landlords say election result will make no difference to plans

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Most landlords in the UK say that the election result which saw Labour enjoy a landslide victory won’t affect their investment plans, a survey reveals.

Foxtons questioned more than 1,000 landlords before the election and found that 59% of landlords expect a new Labour government won’t have an impact on their decision to either expand or sell their portfolios.

View Full Article: Landlords say election result will make no difference to plans

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