More and more landlords are looking at selling their properties to themselves in the form of a limited company. The main reason for this is that they are able to continue claiming all finance costs in full. There are pros and cons with this approach and proper advice should be taken before doing anything. [...]
Various reports have come out over the last few days stating that 440,000 landlords are going to be impacted by the new tax rules. This means that from April 2017 those landlords that are currently base rate tax payers will move into a higher tax band. Putting this into perspective We need [...]
Estate agents Portico London have released their list of the top places they recommend investing in buy-to-let in London. The measure they are using is based on rental yield. This is always a good place to start but you need to think about what type of investor you are. If you want capital growth [...]
According to Martin Ellis, Halifax housing economist, said: “House prices in the three months to August were 0.7% higher than in the previous quarter; down from 1.5% in July. The annual rate of growth fell from 8.4% in July to 6.9%" He continues "House price growth continued the trend of the [...]
Landlords, you need to think very carefully about what type of mortgage you get next. Mortgage brokers also need to be very careful on what mortgages they recommend. If you take out a 2-year mortgage now that is based on 125% cover and at 75% LTV you could very well find yourself in a [...]
According to Equifax Touchstone, the mortgage lending total in July was 39% down on the same month a year ago. The stamp duty hike in April certainly has had some bearing on this. What is not clear, is if it is mainly due to purchases being made earlier than planned to avoid the [...]
Yields of more than 10% are still obtainable in certain university towns in the England, according to the Telegraph. Given all the tax changes implemented and coming, investors are looking for higher yields to try and counteract any tax increases as much as possible. For those with existing properties that potentially means increasing rents (or [...]
Yields are critical A couple of months ago, we saw the introduction of the 145% rental cover, instead of the 125% we have been accustomed to for years. In it's simplest form, this meant that mortgages typically would require a deposit of around 33% going forward vs 25% However when you take yield into account [...]
Will the tide start to turn in favour of landlords and their tenants? Could we see the end of the "turnover" tax being proposed? George Osborne has implemented a number of tax changes already impacting both landlord and ultimately tenant. However, the main one is still to come in 2017. He proposed taking away our [...]
Your views on pros and cons going forward for the property market: Pros Interest rates could come down which would mean cheaper mortgages for those on tracker rates almost immediately and further reduction in mortgages more generally. If you are sitting on USD or EUR then property in the UK will look cheaper for the [...]
