9:18 AM, 18th June 2021, About 15 minutes ago|
Solutions for landlords with a Section 24 tax problem. First though, let's take a look at what Section 24 tax is and why it's so unfair. The following Case Study explains why so many property rental business owners are considering incorporation, by comparing the tax position of a private landlord vs that of a private hotelier. Let’s assume that both businesses own assets worth £2,000,000 and have 75% LTV mortgages secured on them at an interest rate of 5%. In other words,
13:21 PM, 17th June 2021, About 20 hours ago|
Hello, I have completed on the purchase of a property with the existing tenants still resident. Their first year is up next month, and they signed another 1 year AST some months back (they are students). Should l ask them to sign a new contract as the old one is in the past owner's name (l have copies) or are they valid? Obviously, they know that the account details have changed. Many th
16:02 PM, 16th June 2021, About 2 days ago|
The NRLA is accusing the Chancellor of making landlords the scapegoats for the Covid-19 rent debt crisis as he turns his back on the support the sector needs. A new report published by the National Residential Landlords Association outlines the toll that COVID-19 has taken on the private rented sector. It warns that without financial support to tackle COVID-related rent arrears, the Chancellor is forcing landlords into a corner. They either have to accept continuing to receive no
16:30 PM, 16th June 2021, About 2 days ago|
16:20 PM, 16th June 2021, About 2 days ago|
10:45 AM, 15th June 2021, About 3 days ago|
A few days before the 1st June 2021 in preparation for S21 notice, I rang the NRLA regarding Form 6A and the new 4 months’ notice. I downloaded the form as per their advice from the govt web site. Filled it in ready with all relevant paperwork and I served the notice very early in the morning of 1 June...
10:39 AM, 15th June 2021, About 3 days ago|
My tenant friend and work colleague fell and died on his Landlord’s Stairs. This is the letter that I propose sending to the local council. “During the Christmas week of 2020, T fell down the exterior iron stairs at Flat 35b **********...
10:20 AM, 15th June 2021, About 3 days ago|
There now appears to be issues in getting buildings cover for Buy to Lets in the UK for non-UK residents now. Does anyone of you know how to arrange this cover? One of the properties in question is classed as 6 bedroomed as it has a separate one bedroomed annex and some companies won’t cover this size...
9:06 AM, 15th June 2021, About 3 days ago|
In this video below, 5 property experts breakdown and analyse a huge 15 room HMO Property deal in Swindon. Not only is this a great insight into how to quickly do analysis on a HMO property deal, but I’ll also tell you how you can do this too!...
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