The abolition of stamp duty for first-time buyers is not benefiting those who want to buy their first property in central London, as few properties are priced low enough to make the changes to stamp duty relevant. In the City of Westminster, there are currently only 18 properties on the market which would qualify for […]
Stamp duty changes almost irrelevant for first-time buyers in Westminster borough Read More »
Brexit and stamp duty changes took their toll on the prime London property market in 2017, but in the City of Westminster and other central London boroughs property sales increased in the third quarter of last year. A report from LSL Acadata paints a more positive picture of the prime London market, with sales increasing
Property sales in City of Westminster borough see a boost Read More »
The introduction of Right to Rent checks in February 2016 will have made landlords in England more cautious about renting their properties to international students. But landlords shouldn’t be deterred from taking on international students, especially as they are usually very reliable tenants with guarantors. But if you have a property in the Westminster, Pimlico or central London area (a
How can a landlord appeal to international students? Read More »
We know that the introduction of new rules for landlords can be mighty confusing. As with other new sets of rules and regulations, the Right to Rent rules set out under the Immigration Act comprise many aspects you need to be aware of. The introduction of criminal penalties if you fail to comply with the new rules
Right to Rent: how to comply with the new rules Read More »
The government is pushing ahead with plans to add rent payment history to credit scores in a move that will benefit future first-time buyers and landlords. First announced in the Autumn Budget on 22nd November, the government plans to make sure that rent payment history is recognised in credit scores so that first-time buyers who have paid their rent
Government pushing ahead with plans to add rent payments to credit scores Read More »
First-time buyers will no longer have to pay stamp duty when purchasing a property worth up to £300,000, in an announcement which largely defined the Autumn Budget. Chancellor of the Exchequer Philip Hammond made the announcement towards the end of his Budget speech, which also reached out to first-time buyers purchasing properties in more expensive
No more stamp duty for most first-time buyers Read More »
Landlords seeking clarity on the new Minimum Energy Efficiency Standards (MEES) can now refer to full guidelines issued by the government. From 1st April 2018, landlords will not be able to let a property as part of a new tenancy if that property has an Energy Performance Certificate (EPC) rating of less than ‘E’. Recently it
Full guidance for landlords on new minimum energy efficiency standards Read More »
Legislation introduced in April 2017 reducing mortgage interest tax relief for higher rate taxpayers has forced landlords to seek more tax efficient ways of managing their investments. Particular interest has centred on setting up limited companies to manage rental income. Many warnings have been given about this procedure, but for landlords who are higher rate
Limited company buy-to-let mortgage options for investors Read More »
The ‘old versus new’ debate has raged for years. It’s one which has no right or wrong answer, and that answer will vary depending on whether you are buying a home to live in or investing in a buy-to-let property. In this article, we’re going to focus on buying purely as an investment – buying
Buying old or new: which is a better investment strategy? Read More »
In just the past few days, articles published by the likes of Business Insider and Property Wire have claimed that foreign investment in London property is booming. According to Business Insider, Chinese investment in commercial property is at an all-time high, with much of it coming from Hong Kong, while according to Property Wire, buyers
Brexit won’t damage London’s global dominance, Property Director says Read More »
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