RLA tax demands submitted to Government

admin    Uncategorized     agents

RLA evidence on Stamp Duty, Mortgage Interest Relief and Capital Gains Tax has been officially submitted to Government.
The association’s submission to the Finance Bill committee has called for new build properties to be exempted from the new Stamp Duty levy. It is also calling for Mortgage Interest Relief to apply only to new borrowing and for Capital Gains Tax to be reduced to 20% where a landlord is selling a property to a sitting tenant.
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Call of the week – deposit protection and evictions

admin    Uncategorized     agents

The Landlord Advice Team assists with all sorts of advice for landlords but the bulk of our queries fall into two categories; deposit protection and evictions.
For evictions, most of the time these are relatively simple to resolve as the fixed term is ending or coming to end so we advise a section 21 notice. However sometimes the tenant has only recently moved in but has already become a nightmare for the landlord.
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An end to “7 day evictions”

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There has been an increasing trend to transfer county court evictions – once a possession order has been obtained at county court level – to the high court for a much faster eviction process, using High Court Enforcement Officers (HCEOs). However, according to eviction specialists Landlord Action, recent changes to the process of accelerated possession […]

… LandlordZONE.

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Smokescreen?

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With 3 institutions (so far) suspending dealings in their commercial property funds, the downside of investing in such funds has emerged. The past few years have been very good for such investors (and fund managers), but now that share prices of quoted property companies are on the slide it might make more sense to invest […]

… LandlordZONE.

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Lenders increasing rates as rental costs increase

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Lenders mindful of the Chancellor’s tax measures, which will start to impact buy-to-let landlords from next year – April 2017 – are already starting to react. TSB is the latest in a line of buy-to-let mortgage lenders to increase its rental cover to income calculation following on from concerns that landlords will come under pressure […]

… LandlordZONE.

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Letting agent jailed for four and a half years

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A serial fraudster letting agent has swindled more than £220,000, money taken as rents and deposits, out of more than 60 tenants and landlords. Harrow Crown Court jailed Martin Marcus, 52, of Bushey, Hertfordshire, for four and a half years after he was found guilty of what has been described as one of the worst […]

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Uncertainty and growth

admin    Uncategorized     agents

On the subject of Brexit – don’t say I didn’t warn you – http://www.landlordzone.co.uk/industry-expert-guest-writer/michael-lever/brexit-aftermath – we are now being told that businesses including but limited to property investors do not like uncertainty. That’s a myth, surely? Regardless of how good a business thinks its products and services (similarly, an investor thinks the property), there is no […]

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Going, Going Gone…

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The experts at Belvoir reveal their top tips for buying or selling investment properties at auction. Property auctions can enable us to buy a bargain or sell at speed. Follow these top tips to get the best from your auction property purchase or sale… Buy a bargain “Buying a property at auction can be a […]

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NLA supports judicial review on tax changes

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The National Landlords Association (NLA) is to donate £10k to support the Judicial Review of clause 24 against the Government’s controversial decision to remove Finance Costs for individual landlords. The Chancellor’s move to remove of Finance Costs which he announced in last July’s Summer Budget will be introduced from April 2017 as part of the […]

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Airbnb fights new rent rules legislation

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Airbnb has files a lawsuit against its home town San Francisco over new rental rules to be introduced in the city in July. The travel accommodation web service Airbnb could find itself lible to pay out thousands of dollars in fines following the introduction of new short-term letting law. The multibillion dollar company, which connects […]

… LandlordZONE.

View Full Article: Airbnb fights new rent rules legislation