The Association of Independent Inventory Clerks (AIIC) is reminding landlords to be vigilant when dealing with contractors. It says there are many contractors who take advantage of inexperienced landlords, either by overcharging them for work, or not completing the work to a good standard.
Tenants groups are in an uproar after a shady clause in Santander buy to let mortgages has come to light. The lender, who first entered the rental market in 2011, has a clause buried deep in its mortgage contracts that states landlords must raise their rents as high “as can be reasonably achieved”.
Rental returns in London have shot up in recent years. In central London, it’s now £700 per week to rent a one-bed flat, which is well beyond what most young people can afford. Further out, it is cheaper, but even £320 per week in Golders Green is unaffordable for young couple in minimum wage jobs. […]
Experienced landlords are looking into alternative means of making money, and with the government seemingly determined to dampen down enthusiasm for the buy to let sector, investors are turning away from residential property.
Lenders have cracked down on buy to let finance and with new affordability rules coming into play it’s now more difficult to find a lender who says “yes” when you apply for a mortgage. Some landlords have enough capital to be able to purchase properties for cash, but for everyone else, a mortgage is the […]
Landlords are calling upon the Welsh government to amend or scrap the second property stamp duty tax payable by landlords when they purchase an investment property to let out. They say the punitive tax is stalling recovery of the Welsh buy to let market, as landlords think twice about investing in private rental homes.
After a very mild winter so far, the temperatures have finally plummeted and the nation is now in the grip of an icy glove. Many parts of the UK have been blanketed in snow, with some areas hit by several inches.
The Bank of India is planning to expand into the UK buy to let market by targeting landlords who hold their portfolios in limited companies. The bank says they can help out landlords by assessing each application on an individual basis, unlike other mortgage lenders who adopt a cookie cutter approach.
A recent survey of more than 2,500 landlords has revealed that 61% of landlords are now aged 55 and above, compared to 12 years ago when only 24% of landlords were in the 55 and over bracket.
The future is not looking very bright for landlords. Recent government tax changes have caused a great deal of upset in the buy to let community, with many landlords feeling as if they are being penalised.
A leading landlord insurer is warning landlords to beware of tenants sub-letting their properties over the holidays. Since most shorthold tenancy agreements specifically exclude sub-letting without the landlord’s written consent, landlords could end up in breach of their mortgage terms and conditions, as well as uninsured if there is any damage to the property.
With the January self-assessment tax deadline fast approaching, HMRC is providing online tutorials for landlords who need to brush up on their tax knowledge. The tutorials are designed to help landlords work out how much tax they owe on any properties they own.
Managing a property rental portfolio is tough enough in the present climate without having a host of administrative issues keeping you awake at night. A property management software package can help make your life easier, by streamlining the administrative burden of running your portfolio, and by ensuring you don’t forget to do anything important – […]
A recent report from buy to let lender, Kent Reliant, has revealed that many landlords are restructuring their property portfolios in a bid to beat government tax changes. Some landlords have converted their businesses into limited companies, whereas others are raising rents or transferring ownership of properties to relatives.
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