Landlords are more concerned by tax changes and the economic climate and less worried about Brexit, at least in the short-term. 41% of landlords surveyed said they were more worried in the short-term by the tax changes, and what impact these might have on their profits. One of the tax changes being introduced is to
Brexit not as bad as tax changes, landlords say Read More »
Buyers are not setting aside enough money when they buy their first property, falling short when budgeting for costs such as stamp duty fees. According to new research, a half of first-time buyers do not budget enough to meet the costs involved in climbing on to the property ladder. The cost of valuation fees, survey
First-time buyers underestimate how much they need to budget Read More »
It’s no surprise that landlords are reportedly calling on the government to backtrack on changes made to mortgage interest tax relief. According to the Paragon Mortgages Q2 2017 PRS Trends survey, nine out of ten landlords want the changes scrapped, and this was the issue which meant the most to landlords. The changes, which affect
Scrap mortgage interest tax relief changes, landlords say Read More »
Pimlico hasn’t always been known for the strength of its restaurants and eateries, but times have changed, and a wave of new openings have elevated its status in the eyes of foodies and restaurant-goers. But for a relatively small area, Pimlico has a lot to offer. Here’s a selection of our favourites. Grumbles This long-standing
At a glance: Pimlico’s best restaurants Read More »
A proposed ban on letting agents’ fees for tenants has been confirmed by the Queen in The Queen’s Speech, the formal ceremony which signals the start of the Parliamentary year. The government hopes the ban will give renters a ‘fairer deal’, while encouraging transparency and greater competition in the sector. A draft Tenants’ Fees Bill will be published ‘later this year’, and the bill is likely to
Tenants’ Fees Bill to go ahead, Queen announces Read More »
What’s a well-cooked meal in a central London restaurant worth these days? Try £19 for two courses with views over Vincent Square, or £27 for a seven course tasting menu in a fine dining setting. By central London price standards, that’s quite a bargain. And such a bargain exists over at The Vincent Rooms. The
Focus on: The Vincent Rooms, Westminster Read More »
Landlords who are accredited with the National Landlords Association (NLA) should make this known to potential tenants, as over half of tenants are more likely to move into a property managed by an accredited landlord. According to the NLA’s Quarterly Tenant Index, 51% of tenants would prefer renting a property from a landlord who is
Landlords should let tenants know of their accreditations Read More »
Some accountants have been wrongly telling buy-to-let residential landlords that they need to pay ATED, according to industry experts. Now buy-to-let brokers are being pushed to clarify these tax rules for landlords, while accountants are being told to make sure they are familiar with all the latest tax changes affecting the buy-to-let sector. The government
ATED confusion needs clarifying, buy-to-let brokers told Read More »
In 2013 the government introduced ATED, an Annual Tax on Enveloped Dwellings. This tax applies to residential properties owned either partly or completely by a company, a partnership, or any other investment vehicle. The term ‘Enveloped Dwelling’ refers to a residential property that is owned or ‘enveloped’ within a corporate wrapper. Initially, the tax only
What landlords should know about Annual Tax on Enveloped Dwellings (ATED) Read More »
Growing numbers of first-time buyers secured a mortgage in March, with a total of £4.9 billion borrowed by first-time buyers during the month. New data from the Council of Mortgage Lenders (CML) showed that first-time buyer activity increased in March this year, with more loans going to first-time buyers than in any other month of
March sees increase in first-time buyer activity Read More »