Is this true now? The 15% rate doesn’t apply to property bought by trustees of a settlement or bought by a company to be used for: a property rental business property developers and trader Source: https://www.gov.uk/government/publications/rates-and-allowances-stamp-duty-land-tax/stamp-duty-land-tax-rates Many thanks Ian

If I have an existing rental business and I purchased a property off plan to add to my portfolio, with exchange in year 1 and completion in year 4. Can I claim interest on a loan to fund the deposit paid in year 1? If so, do I claim in year 1 (after exchange) or […]

The following snapshot of our projections should be read in line with our business plan and detailed projections (available on request) together with the crowd funding pitch linked below.  We are raising funds to launch a national TV advertising campaign of our property portal by selling 10% of the shares in Property118 Portal Ltd via the Seedrs […]

I have just been made an offer from my current tenant to buy the house he is renting from me. Ok, I do not wish to go through the agent who is managing the letting but have noticed in the contract that I have to pay them 1.5% + vat if I sell to a […]

Dear Mr Freeman  I have been a Conservative voter for my whole life and have used the influence of my property forum and blogs (200,000 subscribers) to encourage my peers to vote the same way. I would very much like to meet with you to discuss my concerns regarding the budget, in particular the impact on […]

If a tenant told lies when they applied for a property, and these lies contributed to the landlord’s decision to offer them the tenancy, then the tenancy was obtained by fraud. If the tenancy was obtained by fraud, then I believe that the contract (tenancy) becomes voidable (it is a “voidable contract”, i.e. it is […]

I think most people are aware of the games Solicitors play to increase income; the most popular one being you send me a letter and I will reply to it, then you reply to my reply keeping the fees rolling upwards, better still if our clients are on Legal Aid no one squeals on us […]

Will Buy-to-Let still make sense in 2020 when the new tax rules come into full effect?  I have done some number crunching based on 5% gross yield and 5% per annum capital growth. Here’s a summary:- Property value say £150,000 Rent of say £7,500 per annum (5% gross yield). Cost of management, maintenance, insurance etc. […]

The following Best Buy table was taken directly from our mortgage sourcing tool. The input fields used were:- Purchase price: £200,000 LTV: 80% Deal: 5 year fixed rate To search for other products or to enter different loan amounts, LTV’s etc click on the image below to link to our mortgage sourcing tool. Alternatively you can […]

Thank you to the 500 plus landlords and property lawyers who registered onto the webinar on 18th June.  We had more questions than there was time to answer. They broadly fall into two categories – the enforcement side and the serving notice/transfer up aspects. We will address the enforcement questions in this article and cover […]

This particular landlord tax busting solution ONLY works if you are:- 1) Married or in a civil partnership AND 2) One of you is a zero or basic rate tax payer and the other is a high rate tax payer To give you an indication of how much extra tax you may have to pay […]

I am a landlord in the North East, most of my tenants are benefits claimants. When the new £20,000 benefit cap comes (£3,000 pa reduction) who will be hit hardest? How many LHA tenants will this affect? When direct LHA payments to landlords are replaced with Universal Credit, will landlords get knocked for this £3,000 […]

Myself and my partner put a Holding Deposit of £500 on property last week. We signed no terms and conditions etc. As I was not in the Country my partner paid this deposit with her Bank Card. She was told at the time that if we didn’t go through with the tenancy or if it […]

I own a flat in London which I rent out – and recently received a Hazard Awareness Notice from the council relating to some fire safety issues. This came with a schedule of required works and a thinly veiled threat to upgrade the notice to an Improvement Notice if nothing is done. Some of the […]

Housebuilders share prices fell immediately to post Budget reaction that BTL mortgage interest tax relief will be capped to the basic rate of 20%. Barratt shares fell 5.7% Taylor Wimpey  shares fell 5% Persimmon down 4.7% This is direct instant economic indicator to what the financial markets think about the reduction in tax relief, as no […]

How much worse off might you be as a result of the limitations on claiming BTL mortgage interest as a taxable expense? We’ve built a calculator to help you work it out. First of all, allow me to explain the issue …. Tax relief on Buy-to-Let mortgages is to be reduced to the basic rate of […]

The concern is; Budget proposals to “restrict finance cost relief to individual landlords”.  To calculate the impact of this policy on your personal finances download this software

Hi all, I am a newly registered member here. I paid nearly £7k to an established property sourcing company in London for an off plan project in Slough. The project never materialised, I was told that the builder pulled out but have no way to verify the same. I was informed that as per the […]

I am currently taking two separate tenants (or rather their guarantors) to Court, one over arrears and the other for damages to the property.  I am regularly in Court as it is the nature of renting in my area and I usually win. However, in both of these cases a local Councillor seems to be involved […]

Last year I obtained a CCJ against a guarantor which I subsequently upgraded for enforcement by HCEO’s (High Court Enforcement Officers). I expected fairly swift and effective results but to date no payments have been received.  The HCEO costs are now about double the original debt!! I am VERY disappointed with the service I have […]

Updated 7th July 2015 – First published on 30th April 2015   Property118 Portal Limited is a new start up business hosted on the established Property118.com website. It seeks to attract investment of £150,000 in return for 10% of the shares in the new company. The Property118.com website now serves two separate businesses owned by […]