Following increasing demand for stylish, comfortable and convenient homes in Cambridge, Countryside Properties unveils further properties at Novo in Great Kneighton.
Situated in one of the most sought-after areas of south Cambridge, the much-desired Novo development of well-designed homes has already exceeded expectations – and is now releasing two new show homes that are set to open early this month.
Continue reading Countryside Properties Novo Development in Cambridge
With so many buy to let property investors now considering buy/refurb/sell deals I feel the time is right to explain the tax treatment of property development vs property investment.
For example, did you knowthat buy/refurb/sell deals are taxed as a trade (property development) and CGT annual exemptions can not be claimed on disposal?
Continue reading Tax Treatment of Property Development vs Property Investment
Bridging finance has quite distinct and individual features offering some very useful advantages over other types of secured funding.
The terms are flexible from one month upwards, which allows you to structure the loan to your requirements, and can often be arranged quickly with an agreement possible within 2 hours and the funds available in one or two weeks if the circumstances fit. Continue reading What can Bridging finance be used for?
Thank you to David Dahill for sharing his landlords story and for being the first to respond to Mark Alexander’s offer to share the stage. For details on how to submit your landlords story please click here.
“I have been a landlord for the last 21 years and was having the horror stories conversation with another medium sized portfolio holder just yesterday. I think I won! I have had houses converted into drugs factories, brothels,and a stolen goods warehouse. One of my tenants was a bank robber Continue reading David Dahill tells his Landlords Story
Last week I had the privilege of meeting Norwich Mediator, Martin Plowman of Mediation-1st for a coffee in the City Centre before work. I kept him talking for almost 90 minutes – what a fascinating man!
I had previously spoken to Martin over the telephone about risk assessment and probability outcome trees at the suggestion of another friend. What’s this got to do with property you are probably wondering. Well read on. Continue reading Mediator in Norwich is UK’s Number One – I had to know why
Continue reading Property118 Landlords Newsletter – Issue 99
Magistrates are getting tough with landlords who flout gas safety rules by handing down hefty fines.
Buy to let homes with gas heating, hot water and cooking must have an annual inspection by a qualified engineer who issues a certificate.
Landlords must give a copy of the certificate to tenants. Continue reading Courts Crack Down on Landlords Flouting Gas Safety
A property developer and lawyer are starting jail sentences after admitting a series of buy to let frauds.
Legal executive David Kitching and developer Franco Campagna hatched a plan to scam cash from buy to let mortgage lenders when Campagna’s property development company ran in to trouble when the property market collapsed.
Campagna told Lancashire Mortgage Corporation, a bridging firm, that the loans he requested were for clients buying rental investments. Continue reading Buy to Let Mortgage Fraudsters Jailed
Developers are looking at renting their homes instead of selling them as demand for buy to let hots up.
As property prices fall and buyers have trouble in tracking down mortgages, renting out homes gives developers a better financial return.
The latest to consider switching from building or refurbishment to buy to let is Rushbond, the firm converting Crispin House, Leeds, in to 82 flats. Continue reading Developers Switch to Buy to Let
Landlord’s Log, the Personal Blog Of Mark Alexander, the Founder of Property118
Earlier this week a comment was left on one of our articles by a property developer who explained in very simple terms why developers can’t afford to build.
Right across the UK, building sites are being mothballed but why is this happening if we have a housing shortage?
This isn’t because people don’t want to live there or that the developers don’t want to build. It is partly because the developers can’t sell them for as much as it costs to build them and partly because people either can’t raise the finance or are too nervous to do so due to uncertainties in the economy over job security and interest rates.
Continue reading Developers can’t afford to build – the consequences?
