The buy to let crackdown by Chancellor George Osborne has triggered a ‘price war’ as banks try to tempt aspiring landlords. Lenders have slashed rates on buy to let mortgages to record lows in an effort to keep the market alive and growing. Banks also reported a last-minute rush to buy second properties before a […]

In a report issued by Reuters Manchester Building Society is “fighting for survival”  The future of the mutual is thought to be in doubt after they wrote to customers warning them to keep balances within the £75,000 limit covered by the official compensation scheme. The society admitted that it had “material concerns” for its future as it posted […]

Further to my last update, we are delighted to announce that we are now fundraising for the next stage of our legal challenge. Please see >>> www.crowdjustice.co.uk/case/tenanttax Please pledge as much as you can to this mutually beneficial cause, which is fighting to abolish the Tenant Tax – Section 24 of the Finance (No. 2) Act 2015. […]

Victoria Gardens apartments and townhouses are situated in one of the major residential hubs in the City of Manchester. They are well placed for investors and homeowners alike, offering excellent links to the city and direct access to the Metrolink into the City centre, business districts and surrounding suburbs. This development offers luxury accommodation within […]

I understand that the Bank of Ireland has previously (years ago) offered to some landlords the opportunity to reduce the mortgage balance of a mortgage in order to entice them to redeem their low interest rate pre-credit crunch mortgage. I have a BoI BTL mortgage (branded by the Post Office) which was from the pre-credit […]

I have property in UK (8 BTL’s), have lived in Spain for 10 years, where I also own property and have been very interested in Mark’s move to Malta. Mark has no doubt carried out a very in depth investigation into the benefits or pitfalls of moving, together with the tax implications. I have read […]

I have an HMO for 8 people and did a loft extension which added a flat within the shared property. It was originally 2 bedrooms and open plan living/small kitchen, but building regs insisted I shouldn’t have a kitchen in the open area, so sacrificed one of the bedrooms and made it a kitchen, so […]

Has any one has any experience of doing the following; selling the home that they live in and a rental property. Setting up a Ltd Co, putting the equity from the above two properties into the Ltd Co as directors loans and then getting the Ltd Co to purchase as semi commercial property (house not […]

In short, is it legal to buy another main residence then gift the previous home to your infant child who then rents that out as a Buy To Let (subject to amending the current mortgage to be a buy to let and also having the property in Trust and paying the usual taxes on income […]

I am a tenant who has been living on an assured short hold tenancy agreement over the last four years. After a year, the contract became a monthly periodic tenancy. Recently we have been requested to accept a rent increase of circa 25% where our contract had stated that rent was to be reviewed each […]

Following our move to new and larger offices we have now additional staff in place and the training process is making good progress.  As per our original business plan we have departmentalised. This has resulted in our systems becoming more efficient with each staff member having a specific role and general knowledge of other activities […]

My landlord and I have had a perfect interaction for 3 years until very recently we have fallen out. We had a leak onto the kitchen, coming from the wall into the stove and even affecting one of the sockets. She got a plumber in and they established in came from a crack in the […]

I am a little uncertain of the how PPR election works. I built a new house in the garden of a property I own and rent out. The new house had building control sign off on the 23rd May 2013 , but the sustainable code sign off was not completed until 1st October 2014 . […]

I am looking to purchase couple of investment properties. I already owned 2 properties in joint names with my wife ( one our main residential and another BTL). We are looking to purchase properties which require refurbishment so once we get the work done, we can either sell it or release equities for the next […]

I wish to sell one of our rental properties this summer. Tenants have been in the property since February 2014 and have always paid on time. I am just 10 days away from the deadline to serve a notice requiring possession after the 22nd June 2016. I have complied with all requirements like EPC, Gas […]

My wife is terminally ill, she has weeks or a few months to live. We have a BTL property that has equity around 200k and I want to re-mortgage it to get the money out, 75% say, (no time to sell and I don’t want to do that) and she can use half to do […]

I’ve been trying to get a new mortgage to cover existing mortgage (£35,000), add extension, funds for refurb and lastly deposit on BTL in Eastbourne, total required about £140,000. Through this I’ve discovered I’ve only been a guarantor to the parents mortgage for 15 years. Nat West are the only bank willing to give me […]

I have a question about the new SDLT rules, and I am hoping someone is able to assist: For inheritance purposes (7 year rule), a few years ago, my brother and I were added to the deeds of 3 x properties owned by my parents. Those three properties are not my main residence (they are […]

Following our recent article on the new process for evicting tenants from residential property under a High Court writ of possession, we now have more information to share with you. In her recent practice note the Senior Master of the Queen’s Bench Division has announced a new form to be used when applying for permission […]

Increasing numbers of buy to let landlords in the UK are now considering moving their property investments into limited company vehicles. This move is a likely response to landlords facing more property tax and experiencing cuts to mortgage tax relief. 41% of 1,400 landlords who took part in the survey indicated that they are considering […]

For those new to buy to let and considering the letting of their current home, in order to buy another for themselves (usually at a higher price) there is a way to avoid the 3% SDLT surcharge on the more expensive property by following this strategy. Create a new limited company and sell your current […]