Neil Patterson

Registered with Property118.com
Monday 7th February 2011

Member of The Landlords Union

Insures properties through a broker recommended by Property118
Yes


Latest Comments

Total Number of Property118 Comments: 3161

Neil Patterson

9:31 AM, 13th July 2020
About A day ago

Selling my rental property to the Local Authority

Hi Judith,

If there is no new signed fixed term AST then it will default to a Statutory Periodic Tenancy.... Read More

Neil Patterson

11:08 AM, 10th July 2020
About 4 days ago

HMO mortgages out of favour?

HMOs normally offer a good risk profile to lenders in terms of affordability with their often higher yields.

However, you may be correct with risk in demand and the ability to evict during the lockdown along with the constant regulation and selective licensing attacks.... Read More

Neil Patterson

16:42 PM, 8th July 2020
About 6 days ago

Summer Economic Update - Landlords Reaction

Reply to the comment left by Jim Fox at 08/07/2020 - 15:28
Correct from the above HMRC guidance.... Read More

Neil Patterson

15:14 PM, 8th July 2020
About 6 days ago

Summer Economic Update - Landlords Reaction

The 3% Surcharge applies but on top of the lower level.... Read More

Neil Patterson

14:41 PM, 8th July 2020
About 6 days ago

Summer Economic Update - Landlords Reaction

New .Gov update on Stamp duty:

Higher rates for additional properties
The 3% higher rate for purchases of additional dwellings applies on top of revised standard rates above for the period 8 July 2020 to 31 March 2021.

The following rates apply:

Property or lease premium or transfer value SDLT rate
Up to £500,000 3%
The next £425,000 (the portion from £500,001 to £925,000) 8%
The next £575,000 (the portion from £925,001 to £1.5 million) 13%
The remaining amount (the portion above £1.5 million) 15%... Read More