The taxman has confirmed The Money Centre’s long-held suspicion that HMRC is chasing property investors suspected of ‘flipping’ homes following the scandal of MP expenses. Following in the footsteps of our articles, the Daily Telegraph has revealed HMRC has a new computer system that compares stamp duty payments on property purchases with capital gains tax […]

Buy to let rents have shattered the £700 per month barrier and are on track to surpass the previous record high of £711, according to a property letting specialist. Average monthly rents have steadily increased throughout 2010 in line with tighter credit controls on mortgage lending from banks and building societies, says Belvoir, a lettings […]

A proposed new law requiring buy to let landlords to provide a wired-in fire alarm in their rental property has failed to gain support in parliament due to fears over cost. Liberal Democrat MP Adrian Sanders claimed his private members bill would save lives and prevent injuries in fires every year.

At last some truths about mortgage lending are starting to emerge from the smoke and mirrors propaganda billowing out from the Council of Mortgage Lenders – the cosy club that represents all of the UK’s big banks and building societies. Mortgage lending has hit rock bottom with the lowest figures for almost a decade, according […]

High street banks lent less on mortgages last month than at any time since February 2001, according to the British Bankers’ Association (BBA). In total, the high streets banks agreed loans of £7.6 billion – just over 16% down on the same month last year.

A new PDF is now available to download explaining why The Money Centre Insurance Scheme is so popular.

Property investors may find the next few months an ideal time to buy reasonably priced property as buyer confidence slips to an 18-month low. Estate agents and surveyors are reporting buyers are saying they will put off any purchase decisions until the spring – which leaves sellers with little option other than to accept a […]

Banks, building societies and finance houses not only share repayment information about their customers, but can now also receive insight about the net worth of buy to let investors. Credit reference firm Experian is opening up house price data by teaming up with property portal Rightmove to offer lenders the new Equity Check service.

The tax countdown clock is ticking for landlords who have less than 50 working days left before the January 31, 2011 deadline. The date is not only important because any tax return filed late is hit with an automatic £100 penalty but also for several other reasons:

HM Revenue & Customs (HMRC) has issued a warning to anyone who hasn’t yet sent in their self-assessment tax return – file online or face a £100 penalty. The October 31 paper-filing deadline has passed, so anyone filing a late paper tax return could be liable to a £100 penalty.

Almost a third of buy to let landlords would like to add more letting homes to their portfolios to expand their businesses to meet soaring tenant demand. Half of landlords are reporting surging interest from tenants in the last quarter, while seven in every 10 expect the demand to continue for the coming year.

A three page PDF containing four examples of high yielding (circa 20% per annum) Orlando based long term residential rental properties from as little as £25,000.

Landlords and tenants make about 50 complaints a month about letting agents to The Property Ombudsman (TPO), according to the latest figures issued by the industry watchdog. The ombudsman has record 484 complaints to the end of September – with six out of 10 found against letting agents (57%) and 22% decided in their favour.

Landlord pressure groups campaigning for changes in the law to fast track evictions for difficult tenants are calling for support in a petition. Mike Weatherley, Tory MP for Hove and Portslade is leading the protesters, consisting of 14 landlord businesses and representative groups, including the Residential Landlords Association (RLA).

Housing Minister Grant Shapps has published new guidance on how homeowners can stand up for their rights against squatters. The online guide published by the Communities and Local Government Department sets out the rights of landlords and other homeowners and explains what to do if a property is invaded.

Despite more than a century of social change aimed at redistributing the wealth of the nation more fairly, most of Britain is still in the hands of the aristocracy. Only 0.6% of the people – 36,000 individuals – own 50% of the land and show no sign they are ready to relinquish their grip.

With so many contradicting reports and opinions within the media it is hard to know who or what to believe. We have picked out a selection of stories that have caught our eye to assist you in being as fully informed as possible on the latest market conditions.

Buy to let lender Platform Mortgages has signalled a lack of confidence in the market by more or less stopping borrowing for landlords. Meanwhile, another buy to let specialist – CHL Mortgages – has announced trading improvements as more landlords slash mortgage arrears.

Landlords are in the firing line of a new HM Revenue and Customs charge to collect unpaid tax. HMRC is looking at 20 million cases dating back to 2004 where the taxman suspects tax is owed. Special task forces to tackle problems in specific sectors are working through the cases – for instance the recent […]

Letting agents all over the UK are reporting a rush by tenants to rent buy to let homes as the mortgage squeeze continues to stop people who want to buy homes from jumping on to the property ladder. The sadness behind the figures is that although thousands of would-be homeowners would snap at the chance […]

The world might not end if you don’t make a will, but the loved ones you leave behind may face financial difficulties and uncertainty. Many people do not write a will for lots of reasons, some valid and some not so.