Aldermore Bank have recently refreshed their buy to let rates and terms. I asked my mortgage broker what he thought and what the interesting features are for buy to let landlords within the Aldermore product range.
His response was:- Continue reading Brokers Review of Aldermore Bank’s Buy to Let Mortgages
It seems to me to be very unfair that one can sell almost any other business asset and reinvest the money without having to pay CGT but NOT a Buy to Let!
Should we start a campaign for a legal change?!
I am sharing this story to warn people not to make the mistake I just did. Continue reading Call for CGT roll-over relief to apply to Buy to Let landlords
I have just received an email from a gentleman called Kevyn Davies-Jones about the tax status of buy to let profits and felt compelled to share it with you.
Feel free to join in with our rant. It’s unlikely to change things but you may feel better after doing so 🙂 Continue reading Tax Status of Buy to Let Profits
In this blog I intend to dispel a few urban myths which appear to be forming, both amongst landlords and squatters themselves judging from some of the readers emails I have received. As of today a person occupying a residential property without the owners permission is committing a criminal offence which is punishable by up to six months in prison and a £5,000 fine and can no longer claim squatters rights. Continue reading Squatters Rights – what’s not changed
IFA Howard Reuben
As an avid reader of Property118.com I was very interested to read a couple of recent articles 1) Should landlords buy life insurance and 2) What happens when a landlord dies – both of which touched on the subject of what happens to the BTL mortgage contract if a borrower / landlord dies and also what happens to the property(ies) in this situation too.
What caused me to carry out some further detailed research in this matter, however, is that it was quite clear, not only from the comments left by readers but from my own experience as a Financial Adviser with 20 years business practice working in the BTL mortgage and insurance sector, and also as a portfolio landlord myself, that different people think different things will happen to their estate when they die. Continue reading Life Insurance for Landlords – IFA readers letter
Following our recent affiliation with Drewberry Insurance we have run a variety of articles on the topic of landlords insurance. Links to those articles, including a variety of case studies and discussion amongst landlords, can be found at the foot of this article.
Paul Barrett, one of our regular contributors suggested in one of his comments that we ask Drewberry Insurance to provide some examples of how they have saved landlords money on their life insurance and to give our readers an indication of both premiums and potential savings. It’s still early days yet but we do have a few examples and we will add more in due course. Continue reading Landlords Guide to reducing landlords life insurance premiums
There are literally thousands of websites offering landlord resources but in this article I’m going to focus on the landlord resources which you can access and use without having to spend any money. Continue reading LANDLORD RESOURCES – my favourite websites for research and information
I wrote an article a few weeks ago about a conversation I’d had with a financial advisor about what happens to mortgages when a landlord dies. I didn’t think it would be a very popular article as it’s quite a morbid subject and none of like to think too much about death do we? I was very wrong!
As landlords, our properties and the potential for them to generate rental income are pretty certain to outlast us. However, the feedback I received from my article really got me thinking. I also had an approach from an insurance brokerage which provides advice to landlords on the whole of the insurance market. They had designed a really cool calculator which works out the chances of surviving to the end of your buy to let mortgages based on official mortality rates. I tried this and so did a few of my landlord friends, after which we all agreed to go to the pub, have a few beers and drown our sorrows. Sod it we thought, we might as well go now as we don’t fancy our chances based on the results from this bloody calculator. If we don’t make it back the kids can pick up the tab LOL. Continue reading What happens to mortgages when a landlord dies?
I had a really interesting discussion about life insurance yesterday with a lady I’ve respected for many years. I will not embarrass her by publishing her full name as she doesn’t know I’m writing this. Some people reading this (former clients of The Money Centre in particular) and the lady in question if she reads it, will know who I’m referring to though. I will call her Ms T. She was one of the best buy to let consultants we ever had working at The Money Centre and always finished in the top 10 fee earners every year. Ms T literally went from being our tea lady to becoming an Associate Partner in the business whist bringing up two lovely daughters as a single parent. She also managed to buy a few properties for investment too so I think you can begin to see why I have such respect and admiration for her achievements.
When The Money Centre pulled out of the buy to let mortgage market back in 2009 Ms T decided to become a financial advisor. She obviously still arranges lots of buy to let mortgages but what really surprised me was when she told me that landlords also ask her to arrange their life insurance. Most of the landlords I talk to aren’t interested which is why we never sold life insurance at The Money Centre. Ms T said that’s what she used to think too but her opinion now has completely changed and she explained why. Continue reading Should buy to let landlords buy life insurance?
Buy to let landlords should get extra tax breaks to encourage them to provide more homes lower rents and more stable tenancies, according to a new study.
The action is needed to help a predicted 1.5 million young renters find a home because they are unlikely to ever afford to buy a property, says social care charity the Joseph Rowntree Foundation. Continue reading Give tax breaks to landlords to ease housing crisis