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Letting a property can be a legislative and economic minefield. As a landlord you should always ensure that you are up to date with current legal requirements, health and safety duties, and of course, your tax liability.
As a landlord of a rental property, it is essential that you know how much tax you have to pay and also which areas can be written off as non-taxable expenses. Any rental income you receive from letting out your property must be declared, as income tax is payable. (more…)
It’s been a twitchy few weeks in the property business as pundits listened to Coalition mutterings and consulted crystal balls, but in the event, today’s Emergency Budget wasn’t all that frightening after all. (Download the full text at bottom of story). (more…)
Home Information Pack duties are suspended with immediate effect from 21 May 2010. This means that homes marketed for sale on or after this date will no longer require a Home Information Pack. However, Energy Performance Certificates are still required. Article from “Houseladder” with some useful Questions? & Answers. (more…)
Buying to let is a great way of investing in traditional bricks and mortar assets. Once you own a property you can then allow tenants to rent the entire space or just individual rooms within the property. Buying to let makes for a safe investment that gives you a great return for years to come.
In this article we’ll look at the top 10 tips for buying to let. A guide aimed at helping you get the most out of a bricks and mortar investment with the least amount of risk possible. (more…)
Buy to let properties can offer a great return on your investment. In the UK alone two million people, or 5 %, have a second home which they rent out. This has increased by 300,000 in the last five years. The number of buy to let mortgages has increased by 98% since 1994.
On average the typical landlord is a male aged 36 to 55 with another job along with their property investment. Most landlords see their property portfolio as a retirement safety net.
When investing in property you need to make sure you’ve researched all the risks. One of the ways in which can cover yourself is through insurance. (more…)
So just when we thought the doom and gloom was over, the news is out that January 2010’s gross mortgage lending was 21% down on the same time last year.
Not only that, but just in case we weren’t depressed enough, the Councilof Mortgage Lenders tell us that the figure was a 10 year low, with ‘just’ £9.1bn during the month.
We’d usually expect a fall at the start of the year, but with months of rising interest ending, we weren’t quite expecting a 10 year low!
Of course, it could have something to do with the end of the temporary stamp duty holiday on homes of less than £175k, as house purchases grew in December 2009. (more…)
Government figures show a big increase in the number of people renting from Private Landlords
The number of people renting a home from a private landlord has soared by more than one million during the past few years, according to Government figures released on 23rd February.
Around 3.1 million people in England rented a property privately during 2008/09, up from 2.1 million in 2001, according to the English Housing Survey. (more…)
A survey released today by unbiased.co.uk found that as many as 2 million homeowners may sell their homes in 2010 and rent instead, as one in eight people say that they ‘no longer aspire to home ownership’. (more…)
It’s all over the property news that Google is considering launching a property website in the UK, with people up and down the country giving their pros and cons and voicing their opinions.
From our point of view, as providers of property management software for landlords, here are our thoughts: (more…)
We’re interested to read that the government is planning to set up a new website on which tenants can post their views about their landlord and rented accommodation. http://www.telegraph.co.uk/property/propertynews/7149386/Tenants-given-new-right-to-post-feedback-on-landlords-on-internet.html (more…)