Landlords leaving the sector is a process. When it is said that there is little or no evidence that this is so ignores the fact that for most tenancies it takes time. Personally I wait for tenants to move out...
I have several HMOs. One day a tenant asked if she could have a rabbit. Fine I said as long as it stays outside and does not come in the house. All was good until winter when the hutch had...
They are starting to max out on taxing income. So the obvious next thing is assets. Look at farmers, look at pensions. What happens when there is nothing left to squeeze. They don't say it out load but they don't...
Exodus is melodramatic. I imagine many landlords will be similar to myself selling properties as and when they become vacant (as long as they can afford to do this). I have sold 2 HMOs and selling a third (as rooms...
The first thing to understand is that the government do not want small landlords, they want large corporations. This message has been below the radar but has popped up from time to time. First, discourage being a landlord by increasing...
It is my prediction (partly because I am helping it come true) that many landlords will leave the market but in slow motion. It is not in my interest (or my tenants) to evict just because of the RRB fiasco....
I have a flat with a prepayment meter that had a debt of 1000 when the tenant moved out. I was unaware of this at the time but needed to renovate the place. I noticed I was burning through topups...
Reply to the comment left by Penny Lyon at 11/09/2023 - 11:01When transferring assets into your company you are also transferring liabilities (mortgages). HMRC have set rules on what is permitted in order to achieve incorporation relief and the following...
An important factor is finance. If you have mortgaged properties then as long as your provider permits the transition to a company i.e. effectively continue the finance arrangement then it's ok. If you have to remortgage though then HMRC say...
30th July 2025, 9 months ago
Landlords leaving the sector is a process. When it is said that there is little or no evidence that this is so ignores the fact that for most tenancies it takes time. Personally I wait for tenants to move out...
Read More →15th March 2025, 1 year ago
I have several HMOs. One day a tenant asked if she could have a rabbit. Fine I said as long as it stays outside and does not come in the house. All was good until winter when the hutch had...
Read More →Reply to comment left by Tony Arora at 13/02/2025 - 09:53
They are starting to max out on taxing income. So the obvious next thing is assets. Look at farmers, look at pensions. What happens when there is nothing left to squeeze. They don't say it out load but they don't...
Read More →13th February 2025, 1 year ago
I thought that under RRB that tenancies are all periodic and so there is no renewal (for single lets at least).
Read More →31st January 2025, 1 year ago
Exodus is melodramatic. I imagine many landlords will be similar to myself selling properties as and when they become vacant (as long as they can afford to do this). I have sold 2 HMOs and selling a third (as rooms...
Read More →17th May 2024, 2 years ago
The first thing to understand is that the government do not want small landlords, they want large corporations. This message has been below the radar but has popped up from time to time. First, discourage being a landlord by increasing...
Read More →27th April 2024, 2 years ago
It is my prediction (partly because I am helping it come true) that many landlords will leave the market but in slow motion. It is not in my interest (or my tenants) to evict just because of the RRB fiasco....
Read More →29th September 2023, 3 years ago
I have a flat with a prepayment meter that had a debt of 1000 when the tenant moved out. I was unaware of this at the time but needed to renovate the place. I noticed I was burning through topups...
Read More →Reply to comment left by penny lyon at 11/09/2023 - 11:01
Reply to the comment left by Penny Lyon at 11/09/2023 - 11:01When transferring assets into your company you are also transferring liabilities (mortgages). HMRC have set rules on what is permitted in order to achieve incorporation relief and the following...
Read More →10th September 2023, 3 years ago
An important factor is finance. If you have mortgaged properties then as long as your provider permits the transition to a company i.e. effectively continue the finance arrangement then it's ok. If you have to remortgage though then HMRC say...
Read More →