Building Societies are offering substantially cheaper main residence mortgage rates compared to high street banks.
Moneyfacts data analysis shows the average 5 year fixed rate at maximum 75% Loan to Value...
This month the total number of Buy to Let products available using Moneyfacts data has fallen to 1,408 down from 1,482.
This is not statistically a huge percentage, but is a significant change in direction...
China National Building Material Company (CNBM) is to use it’s industrial power in a £2.75bn joint venture with UK housing association, Your Housing Group (YHG) based in Warrington and renewable...
The Daily Telegraph has launched a campaign calling on Mr Hammond to address the issue of stamp duty in next week’s Autumn Statement. Click Here
In an article for the Telegraph today, Lord Lawson...
I have had lots of people ask how the calculation works for the amount you can borrow after the new rules come into force next year regarding Buy to Let affordability testing.
To make it simple as a follow...
The Prudential Regulation Authority (PRA) Consultation on landlord ‘affordability’ management is being implemented as guidance to lenders from the 1st of January.
The PRA are requiring Buy to Let lenders...
“The aim of accepting landlords over the age of 85 years within a joint mortgage application will allow many of our older borrowers to continue to leverage their portfolios”, said David Whittaker...
Our target for this year of 5 million page views seemed very ambitious when we first set it. However, we have smashed through it already and our stats over the last week are higher than ever. Is this...
This year we have seen an increase in the number of readers, who are also developers, asking for help to repay commercial development finance on recently completed properties. Then looking to replace the...
The Prudential Regulation Authority (PRA) have now confirmed to lenders what they expect the minimum standards of Buy to Let underwriting to be.
These standards will have to be in place by 1st January...
In an interview with The Times the Bank of England chief economist, Andy Haldane, said property was “almost certainly” a better investment for retirement and he could not make “the remotest...
The ‘Step Up’ mortgage product offered by the Coventry Building Society has been withdrawn, because borrowers may be hit by the 3% Stamp Duty surcharge on second homes.
The Step Up product...
From the May Inflation Report, the planned 3% surcharge on stamp duty for second homes in April caused some housing transactions to be brought forward. Therefore the sharp fall in property purchase completions...
The Bank of England has today announced its first rate cut since March 2009 bringing the rate to all all time record low since the bank was founded in 1694 from 0.5% to 0.25%.
The Bank has also announced...
The Think Tank, Resolution Foundation, has reported home ownership is now at a 30 year low.
Using data from the Office for National Statistics Labour Force Survey (LFS) the Resolution Foundation is reporting...
The House of Lords Economic Affairs Committee has today released a report titled “Building more homes.”
The report strongly recommends that the housing crisis must be tackled and that the Government...
The Bank of England Monetary Policy Committee voted 8 to 1 to keep Base Rate at 0.5%. This was as suggested that they would wait until the August economic figures come through before making a decision.
With the impending new tax rules coming into force next year restricting mortgage interest tax relief for landlords with properties in their personal names there has unsurprisingly been a massive percentage...
The Financial Policy Committee (FPC) has just published its latest Financial Stability Report. In a speech given by Mark Carney, the Governor of the Bank of England, it was confirmed there is evidence...
In a speech this afternoon at the Bank of England, Governor Mark Carney, confirmed that the Monetary Policy Commitee (MPC) may need to consider all monetary policy easing tools at its disposal following...
Daily Mail have a lot of angry Landlords!
>> https://www.dailymail.co.uk/news/article-14001855/Keir-Starmers-wrong-working-people-Furious-landlords-savers-self-employed-slam-PMs-claptrap-prejudice-hinted-tax-hikes.html... Read More
Hi Jane,
I would recommend a tax advisory service with a very wide set of skills and experience. Someone like Forbes Dawson >> https://forbesdawson.co.uk/... Read More
I don't think you quite get we report the news sometimes of what others are saying without always giving an opinion, but we are always championing on behalf of good landlords.... Read More
Hi Andrew, Under current legislation if it is a private individual's main residence then it is considered an AST regardless of the contract.... Read More
"Cats Protection understands that some landlords may be reluctant to allow cats in their properties. However, research shows that pet owners stay longer in their homes, and that the vast majority of pets cause no damage[i]. Through our Purrfect Landlords campaign, we’ve been working hard to highlight the benefits of pet ownership in the rented sector to both landlords and tenants.
Pet-owning tenants face real challenges in finding suitable housing, and this is why the Renters Reform Bill contains a clause to give tenants a right to request a pet which cannot be unreasonably refused. Our own research shows as few as 9% of landlords currently advertise their properties as allowing pets. We see three cats a day handed into our care due to landlord-related reasons such as blanket ‘no pet’ policies.
Unfortunately, the Consumer Rights Act makes no explicit mention of pets. It refers to ‘unfair terms’, and whether this would include a ban on pets within a tenancy has not been tested. We believe it would be unrealistic for the average renter to have the access and means to challenge this in court. This is why the Renters Reform Bill is needed – to explicitly and clearly set out that landlords must not ban pets without good reason.
The proposed Renters Reform Bill contains a specific provision to enable landlords to require tenants to take out insurance (at their own expense) to cover any pet-related damage. We believe this provides suitable reassurance and peace of mind for landlords and removes the need for increased deposits to cover any damage.
Our website contains a wealth of information to help landlords and tenants so that pet ownership can be a benefit to both parties. For more information, please visit cats.org.uk/purrfectlandlords"... Read More
Let me see potential:
Failure to report rental income to HMRC?
Failure to report a CGT liability dependent on PPR relief?
Voter registration fraud?
Universal credit fraud?
Council tax fraud?... Read More
14:48 PM, 25th October 2024, About 4 weeks ago
Daily Mail have a lot of angry Landlords!
>> https://www.dailymail.co.uk/news/article-14001855/Keir-Starmers-wrong-working-people-Furious-landlords-savers-self-employed-slam-PMs-claptrap-prejudice-hinted-tax-hikes.html... Read More
10:21 AM, 17th October 2024, About a month ago
Dear Mike,
The maximum fine for a breach of Licence is £30,000!
I would recommend you contact our friends at Landlord Licensing and Defence >> https://landlordsdefence.co.uk/... Read More
11:46 AM, 9th October 2024, About a month ago
Hi Jess, Do you have a Partnership agreement and what does it say?... Read More
14:01 PM, 1st October 2024, About 2 months ago
Reply to the comment left by Keith Wellburn at 01/10/2024 - 12:00
Correct that should be £315,000 per individual Landlord not per property and now corrected thank you :)... Read More
10:13 AM, 5th August 2024, About 4 months ago
Hi Jane,
I would recommend a tax advisory service with a very wide set of skills and experience. Someone like Forbes Dawson >> https://forbesdawson.co.uk/... Read More
16:53 PM, 26th July 2024, About 4 months ago
Reply to the comment left by G Master at 26/07/2024 - 16:27
I don't think you quite get we report the news sometimes of what others are saying without always giving an opinion, but we are always championing on behalf of good landlords.... Read More
9:04 AM, 26th July 2024, About 4 months ago
Reply to the comment left by G Master at 26/07/2024 - 00:54
Me thinks you may not read all the articles :)... Read More
10:05 AM, 15th July 2024, About 4 months ago
Hi Andrew, Under current legislation if it is a private individual's main residence then it is considered an AST regardless of the contract.... Read More
12:19 PM, 31st May 2024, About 6 months ago
Reply to the comment left by LordOf TheManor at 31/05/2024 - 11:12
I am not an accountant, but from the professional websites it looks like you need to call HMRC on:
0300 200 3300... Read More
18:47 PM, 16th May 2024, About 6 months ago
Reply from Cats Protection:
"Cats Protection understands that some landlords may be reluctant to allow cats in their properties. However, research shows that pet owners stay longer in their homes, and that the vast majority of pets cause no damage[i]. Through our Purrfect Landlords campaign, we’ve been working hard to highlight the benefits of pet ownership in the rented sector to both landlords and tenants.
Pet-owning tenants face real challenges in finding suitable housing, and this is why the Renters Reform Bill contains a clause to give tenants a right to request a pet which cannot be unreasonably refused. Our own research shows as few as 9% of landlords currently advertise their properties as allowing pets. We see three cats a day handed into our care due to landlord-related reasons such as blanket ‘no pet’ policies.
Unfortunately, the Consumer Rights Act makes no explicit mention of pets. It refers to ‘unfair terms’, and whether this would include a ban on pets within a tenancy has not been tested. We believe it would be unrealistic for the average renter to have the access and means to challenge this in court. This is why the Renters Reform Bill is needed – to explicitly and clearly set out that landlords must not ban pets without good reason.
The proposed Renters Reform Bill contains a specific provision to enable landlords to require tenants to take out insurance (at their own expense) to cover any pet-related damage. We believe this provides suitable reassurance and peace of mind for landlords and removes the need for increased deposits to cover any damage.
Our website contains a wealth of information to help landlords and tenants so that pet ownership can be a benefit to both parties. For more information, please visit cats.org.uk/purrfectlandlords"... Read More
10:02 AM, 28th February 2024, About 9 months ago
Let me see potential:
Failure to report rental income to HMRC?
Failure to report a CGT liability dependent on PPR relief?
Voter registration fraud?
Universal credit fraud?
Council tax fraud?... Read More
10:50 AM, 17th January 2024, About 10 months ago
Reply to the comment left by Judith Wordsworth at 17/01/2024 - 10:39
Sorry It's a Readers Question... Read More
10:21 AM, 30th October 2023, About A year ago
Reply to the comment left by Shinh at 30/10/2023 - 10:17
Landlord Licensing and Defence specialise in this field and we have had excellent feedback :)... Read More
10:49 AM, 19th October 2023, About A year ago
Reply to the comment left by Robert M at 19/10/2023 - 10:46
Massive traffic we have upgraded to 16 servers... Read More
8:13 AM, 5th September 2023, About A year ago
Reply to the comment left by Michael Crofts at 04/09/2023 - 21:51
No there are unsurprisingly two Mark Smiths :)... Read More
16:46 PM, 31st August 2023, About A year ago
Reply to the comment left by Baz at 31/08/2023 - 15:50
No Editing Baz it just can't have saved.... Read More
21:01 PM, 21st August 2023, About A year ago
Reply to the comment left by NewYorkie at 21/08/2023 - 17:45
Sorry we have no record of your comment so it may not have saved... Read More
8:29 AM, 17th July 2023, About A year ago
Reply to the comment left by Patricia Wisefield at 16/07/2023 - 20:04
Hi Laura,
Please see >> https://www.property118.com/insurance-landlords/... Read More
20:24 PM, 13th July 2023, About A year ago
A lot of comments here backing up the original article
>> https://www.property118.com/are-councils-acting-illegally-when-telling-tenants-to-stay-put/
On councils telling tenants to stay put.... Read More
9:05 AM, 20th June 2023, About A year ago
Dear Helen,
I am assuming you mean a 2-year fixed term?
During a fixed term the tenant has to agree to the increase.
Also if you have a mortgage you need to check the lender is happy for a fixed term longer than a year as it affects their security.... Read More