Thorough market research and analysis is a vital part of property investment and should be carried out before even viewing your first property. You might be looking for shorter-term capital gain, or interested in long-term investment and the more reliable and less risky rewards that this can bring, but either way, you will need to […]
Property investment research for first-time investors – how to get started Read More »
Stability is said to be returning to London’s prime property market, as data from LonRes reveals a rise in transactions. Between February 2017-18, there was a 2% rise in transactions when compared with the previous year. This, together with a slight drop in average prices, has helped to bring a level of stability back to
Stability returning to prime market, LonRes data shows Read More »
More property owners are choosing to stay put and improve on what they already own instead of moving, new research reveals. According to Resi.co.uk, an online architectural platform which analysed 1,000 enquiries made in the 17 months leading up to March 2018, most enquiries made were for ‘ground-floor rear extensions’, while other forms of extension
Many property owners preferring basement extensions to moving, especially in Westminster Read More »
As a residential landlord, it can be hard to keep up with the ever-changing tax laws, so we’ve put together a handy guide to the different taxes landlords may have to pay. Stamp duty (SDLT) On buying a second (or subsequent) property costing more than £40,000, landlords must now pay an additional 3% stamp duty
Tax Update for Buy-to-Let landlords Read More »
Housing values in the SW1 area, which takes in Pimlico, Westminster and Belgravia, are the most valuable in the capital, new research reveals. This research from Zoopla looks at the total value of housing in each of the UK’s ten largest cities and the most valuable area for housing within those cities. According to the
Housing values in SW1 area are most valuable in UK Read More »
HMO properties produced the highest average rental yields last year, surpassing all other types of buy-to-let property. According to data from Mortgages for Business, the average yields for landlords with HMOs was 8.9%. The Mortgages for Business Sales Director, Jeni Browne, said: “Savvy landlords like to have a good mix of properties…They like the consistency
Strongest yields generated by HMOs last year Read More »
Assured shorthold tenancy (AST) agreements are the most commonly used form of agreement between landlords and their tenants. Its requirements are stringent: deposits must be placed into government protection schemes, fixed-term contracts can be automatically converted into rolling monthly contracts once the fixed-term has elapsed, and landlords can regain possession of their property by serving
When not to use an assured shorthold tenancy agreement Read More »
The first important piece of advice for landlords is this: make it clear from the outset (the start of a tenancy) if you won’t allow your tenant to sublet a space or unit they rent from you. Why do this? Because subletting is legal in the UK. However, if you, as a landlord, have made
How to deal with a tenant who is illegally subletting Read More »
Westminster City Council will launch a ‘community contribution’ scheme which will enable wealthier residents of the borough to voluntarily pay more in council tax. Following a consultation last year, which met with a largely positive response, Westminster City Council is pushing ahead with its plans to ask residents in the highest-value properties in the borough
Westminster City Council to launch ‘community contribution’ scheme Read More »
From 1st April 2018, landlords of domestic and non-domestic private rented properties cannot offer a property to a new or existing tenant if it has an Energy Performance Certificate (EPC) rating below ‘E’. These new Minimum Energy Efficiency Standards (MEES) will apply to all tenancies by 2020. There are, however some exemptions and exclusions to
MEES – what are the exemptions & exclusions? Read More »
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