The proportion of landlords who use a letting agent to help manage their property has spiked since the end of last year, according to a recent survey of property investors.* Six in ten (61 per cent) landlords say they currently use a letting agent to manage their properties, a rise of seven per cent since […]

I have the following question regarding taxation of a limited company. Background: I hold two residential rental properties in joint ownership with my spouse. Each year I complete a tax return on these. Last year, I purchased another BTL property off plan which is due to complete towards the end of this year. Due to […]

The following project outlines how one of our clients used our flexible property funding to turn a profit of £250,000. The client, an experienced Property Developer, purchased a former furniture showroom in Liverpool and transformed it into 15 residential flats. The client drew down the funding in multiple tranches in line with his schedule of […]

A CPD accredited briefing for property lawyers, commercial agents and local authorities on how to remove travellers from land under a High Court writ or Common Law. The Sheriffs Office are authorised High Court Enforcement Officers. They are highly experienced in transferring up a possession order to the High Court and successfully conducting the eviction […]

Some accountants have been telling their clients that if they want to claim they run the “business” as a “partnership” then they will automatically have to pay National Insurance. “That can’t be right”, I hear you cry! Well it’s not quite clear cut, so I decided to do some more research on the subject and […]

Until quite recently, many professional advisers (including myself) have argued that a partnership doesn’t exist unless HMRC has issued a rental property Partnership Unique Tax Reference number “UTR” and that three years of partnership returns have been submitted and accepted. However, earlier this year I was made aware of HMRC issuing non-statutory clearance for the […]

I’m interested in your feedback on a series of Landlord Tax Planning Clinic Webinars I’m planning.  Each webinar will answer 5 pre-submitted questions from subscribers, and if time allows we will answer a selection of live questions too. My co-host will be Mark Smith, Head of Chambers at Cotswold Barristers and Honorary Legal Counsel for The […]

My wife and I want to incorporate our buy-to-let portfolio but our outstanding finance is £600,000 more than the purchase price and capitalised costs associated with the properties. From a tax perspective it seems we could be far better off if we incorporate, especially in a few years time when the restrictions on finance cost relief […]

I’ve got five buy to let properties all in my sole name which I’ve had for around 6 years and they are mortgaged on an interest only basis. Due to the change in mortgage tax relief and the fact that I’m a 40% tax payer earning around £100k a year I’d like to transfer the […]

I bought a one bedroom flat with the freehold in a terraced housed converted into 2 one bedroom flats. The top flat is leasehold but I was not the seller. The leaseholder is my tenant and she is in South Africa. A management company sublet her flat which is above me and has no soundproofing. […]

I’m soon about to start investing with my mum and we’ll be starting with a Buy to Sell strategy using cash. We cannot get a mortgage for now, that is not an option to consider at present. I recently thought about buying a freehold semi commercial property with a flat/flats above then selling each unit […]

For most landlords evicting a tenant is a daunting experience, the whole process leaves landlords often confused and baffled by the process. Gone are the days when landlords could simply write a letter giving the date that they require the property, however most landlords still make this mistake. In accordance with the Housing Act 2004 […]

An elderly aunt of mine bought her parents house under RTB many years ago. She then moved to Italy and allowed her sister to live in the house. My aunt want to sell the house. Some questions arise 1. What tax considerations does she need to address? Im concerned that given she has a primary […]

Association of Residential Letting Agents (ARLA) figures for April show a drop in the number of properties managed by agents in London of 31.8% from 148 per branch in March to only 101 in April. However, the total number in the UK actually rose from 183 to 185 per ARLA member office. This Demand and […]

I have been to court in-order to get a tenant removed, that’s now going to happen very soon, however my neighbour has informed me that the flat has been completely boarded up. What I don’t understand is just who is likely to have done this to my flat, I know I didn’t ask anyone to […]

Can anyone please assist with this scenario?  I am looking to transfer a mortgaged property held in my sole name, to my wife. The property currently has a first and second charge mortgage on it, and a new mortgage would be required to be taken out in my wife’s sole name to redeem the current […]

I will hopefully shortly be in the position of buying the freehold to my upstairs flat and the one underneath it which comprise the two properties in a converted house. Crucially this will be so that I can extend the lease which is now down to around a 70 year term however, can I also […]

Hi all, Now that interest only Resi mortgages have disappeared from the traditional market place, I have noticed a few private banks are still offering them. Has anyone had experience of applying for one (good or bad). We would like to upsize, but with all the interference from the FCA and PRA, the only potentially […]

Buying investment property in the UK is becoming a more achievable goal for many ex-pats as a weakened pound has increased the buying power for those who are remunerated in other currencies. There are many lenders that offer mortgage finance to British ex-pats who want to invest in residential property, but ex-pat mortgages often come […]

47 year old Jason Duffield a Landlord from Birmingham has been convicted of 5 breaches of the Noise Abatement Notice and was ordered to pay a fine of £10,000 plus £6,000 in costs to the council, because his tenant tortured the neighbours with 36 hours of loud dance music. The tenant then disappeared from the […]

We own a 2 bedroomed leasehold flat which we have had for ten years with very few issues over the years. However the freeholder has appointed a company to take over the leasehold management of the development and are chasing us to obtain consent for any subletting of the property – until we get actual […]