What is the best way to structure this please ? I am very close to purchasing (with cash) a mixed use property – large salon plus 3bed flat, 2bed flat, 1bed flat, 3 garages with a large garden – ALL ON A SINGLE TITLE. The properties all have their own street number Salon (6), 3Bed […]

On top of the punishing stamp duty and section 24 changes of 2017, HMO landlords are now being clobbered with a national extension of HMO licensing, navigating a proposal to introduce three-year tenancy agreement. Is the future bright? Is the future still HMO? Proposed three year tenancies  Cities up and down the country have bid […]

If Councils up and down the Country ask the question Have you got any children under age five years in this property there is a reason for the Question. The clue is in Cllr Paul Clokie’s statement The council’s cabinet member for housing Cllr Paul Clokie said: “In cases such as this where a young […]

House prices in the three months to July increased by 3.3% against the same period a year earlier with the average house price rising to hit a new record of £230,280 On a monthly basis, prices rose by 1.4% in July, while in the latest quarter (May-July) prices were 1.3% higher than in the preceding […]

We own a ground floor flat, a house converted into two flats. We own the freehold of upstairs and the upstairs flat owns the freehold of our flat, we also have a lease in place which has 988 years remaining. In the lease description for the upstairs flat, it states that the flat comprising the […]

Just be aware folks. I took out landlord home emergency cover with Saga which I was told covered plumbing, and electrical problems on a property I rent out. I have never used it till now, but tenant reported leaking cistern. So I duly contacted emergency number to be told this is not covered. Wrong type […]

Four new Billboards have be erected in the following locations to promote the campaign against Section 24 and the devastating damage the tax attack on private landlords is having on the availability and pricing of UK rental properties:- Mansfield – Stockwell Gate Sheffield – Tinsley Road Leeds – Pontefract Road Bradford – Tong Street The […]

After the Bank of Ireland interest rate hike, I fell £1000 in arrears with my rental property by mid 2014. They appointed Templetons as a receiver who are based in Cardiff (The property is in Sheffield). I settled the arrears, but despite asking, the property remained in the control of the receiver. I had numerous […]

According to The Sun Newspaper; “Treasury chiefs are planning to hike the extra levy on buy-to-let purchases in a fresh bid to ease the housing crisis.” The article goes on to say that a government source revealed: “Increasing the buy-to-let levy is something the Treasury are looking at doing in the Budget.” “It will be […]

Earlier this year (2018) mortgage lenders were forced to tighten up their affordability criteria. Since then, LTV has rarely been the restricting factor when it comes to BTL borrowing. Instead, the level of borrowing has become more restricted based on “affordability calculations”. This is because lenders are now required to apply a stress test of […]

Croydon Council’s agenda for last Monday’s Licensing Sub-Committee states: “Exclusion of the Press and Public The following motion is to be moved and seconded where it is proposed to exclude the press and public from the remainder of a meeting: “That, under Section 100A(4) of the Local Government Act, 1972, the press and public be […]

Did anybody watch this program last night? If so, what did you think? I missed it but a spokesman from Landlord Action said …. In Waltham Abbey a seemingly perfect professional tenant, an estate agent, wins the trust of a Landlord in dire straits, by using false references. The landlord,  Anthony, previously lived in and […]

I am looking for legal advice as Liverpool council granted my licence for less than 5 years. This is their replay. I am aware it’s up to 5 years, but there is no reason why I shouldn’t be granted 5 years licence when I only bought my house in 2018. 27th July 2018 Dear Pawel, […]

The Hawks have it. The Bank of England’s Monetary Policy Committee have voted unanimously to increase the Base Rate by 0.25% to nearly a decade high of 0.75% Given the economic outlook, productivity gaps, strength of the pound and Brexit uncertainty I see this as a short term decision if not possibly one that will […]

London Central Portfolio (LCP) have released their analysis of HMRC’s Quarterly Stamp Duty Land Tax (SDLT) Statistics for Q2. Tax receipts in Q2 2018 are down 13.8% compared to Q2 2017, a drop of £317m. SDLT Tax income is no greater than  Q3 2015 despite an increase in top rate from 7% to 12% and […]

My broker has just come back with a long list of No’s Skipton – maximum 10 properties in a portfolio Accord – maximum of 15 properties but maximum of 10 with mortgages on them Virgin – Maximum of 10 properties in a portfolio Santander – do not accept clients with more than 4 properties Leeds […]

Tenancy Deposit Scheme (TDS), the country’s first deposit protection provider, has appointed two key senior figures to deliver further improvements to customer services through technology. François Josserand takes on the role of Chief Technology Officer (CTO) while Louise Walton joins as Head of Customer Experience. The double-hire is a statement of intent from TDS, as […]

My aunt (+70) cannot raise mortgage finance within her Offshore company, on buy to let property. She has no mortgage at present property value £500k. She wishes to incorporate UK ltd company and transfer the property from offshore to onshore Uk Ltd. I am age 40 and her nephew. She wishes I join the business […]

Stunning build complete apartment investment opportunities are now available for readers in Southside, Ilkeston. Prices start from only £87,950 for a spacious, one bed apartment with secure parking, rising to only £106,995 for a two bed. According to local letting agents, Martin & Co, predicted rental yields are up to 7.2%, offering a fantastic investment […]

By way of background, my wife and I are both 56 years old. In recent years, my wife has been caring for her elderly father and managing his property portfolio. I am a plumber, qualified to fit boilers and do gas safety checks. My taxable income is around £34,000 to £38,000. It varies from year to year […]

The answer to the question is; “possibly, but not necessarily”. There are a number of other ownership structures to consider as well as buying in sole/joint names or a company. The best tax structure for landlords very much depends on taxable income and personal circumstances. For example, a couple who are earning say £30,000 each […]