The Governor of the Bank of England, Mark Carney, has just announced that £250 billion will be made available to the banking system to support liquidity and lending to UK business and households.
The...
Foundation Home Loans will increase its rental cover requirements to 145% for individual applications, but leave limited company products at 125%.
Simon Bayley, commercial director, said: “There is no...
The Bank of England have released their latest Inflation Report and have revised future predicted interest rates down based on reduced growth and inflationary pressure.
This is being partially blamed by...
New lender, Foundation Home Loans, has launched into the Buy to Let market specialising in criteria for investing in the name of a Limited Company post clause 24.
This niche will in particular allow new...
Shawbrook Bank are now one of the most popular niche lenders in the property investment market with BTL, refurb, HMO, Bridging and Bridging to BTL products. They are one of the few that will consider loans...
Mark Carney, Governor of the Bank of England, was today speaking at a Treasury Select Committee hearing. He indicated that interest rates were more than likely not to rise in the medium term and that if...
Figures from the Bank of England’s latest inflation report shows a benign environment for any pressure on interest rates. Domestic growth has slowed along with wage inflation and price inflation.
Aldermore have reduced their 5 year fixed Buy to Let rate to 3.99% for single residential units in the name of individuals or limited companies up to a maximum of 80% Loan to Value.
Aldermore do not credit...
Shawbrook Bank are one of the most flexible lenders for property investors with real underwriters that will look at individual cases and a whole range of criteria and products from standard BTL to Refurbs...
In the turn of the year speech today Mark Carney, the Governor of the Bank of England, said “last summer I said that the decision as to when to start raising Bank Rate would likely come into sharper...
Precise Mortgages have today launched a new flexible criteria for landlords looking to finance their portfolios into retirement with a maximum age of 110.
The maximum age at the point of application is...
Yesterday Janet Yellen, the Chair of the Board of Governors of the Federal Reserve System, announced that the US interest rate will increase by 0.25%. This is the first increase since 2006 and since 2008...
In an interview with the Financial Times yesterday defending ‘Forward Guidance’ Mark Carney, The Governor of the Bank of England, expressed concerns if Buy to Let investors were to all sell...
Yesterday the Bank of England’s Monetary Policy Committee (MPC) voted by a majority of 8-1 to maintain Bank Rate at 0.5%.
The MPC also voted unanimously to maintain the stock of purchased assets financed...
It was announced in the Financial Stability Report (see below) that the Prudential Regulation Authority (PRA) will review the underwriting standards and procedures of Buy to Let lenders.
The Chancellor...
Barclays, and its mortgage arm Woolwich, are one of the first high street lenders to take action after the announcement in the Summer Budget that there will be a gradual tapering down of tax relief for...
The Chancellor George Osborne in his spending review today announced that he will increase Stamp duty for Buy to Let properties and second homes with a surcharge of 3% from April 2016.
The Chancellor said...
If you have a problem BTL and no one else can help maybe you should hire the A team – Sorry I meant try Fleet Mortgages.
Fleet mortgages have a range of niche criteria that may assist when other...
A new range of Buy to Let mortgages have been launched by Santander with the headline rate starting at 2.29%. The products range around a core of 2 and 5 year Fixed rate mortgages and 2 year Trackers.
Shawbrook have announced the decision to re-price the “Large Loan” products with a 0.50% decrease across the board.
Large Loans on residential and commercial investments start at £750,000...
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
11:21 AM, 13th December 2024, About A week ago
Reply to the comment left by Bob Summerfield at 13/12/2024 - 10:57
Hi Bob, I have added a link to the full data tables used.
Their Yield calculation is based on annual rental income as a percentage of Value.... Read More
14:48 PM, 25th October 2024, About 2 months 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 2 months 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 2 months ago
Hi Jess, Do you have a Partnership agreement and what does it say?... Read More
14:01 PM, 1st October 2024, About 3 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 5 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 5 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 5 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 5 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 7 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 7 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 10 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 11 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