Many property investors purchase properties with the expressed intention of doing them up to sell on. A big part of the ‘fixer-upper’ process is determining whether or not it’s possible – and affordable – to increase the size of the home. This can be achieved in one of two ways; by adding an extension, or by converting existing space such as a loft. Continue reading
The cost of houses, along with the cost of living, in the UK is growing exponentially. This is causing concern for those needing to move home and for first time buyers, who now are feeling the squeeze and uncertainty of where they can afford to live. Continue reading
As a new landlord, it can be tempting to leave properties void of furniture, fixtures and fittings to avoid letting properties furnished with substandard furniture. Since 1988 when the Furnishings and Fittings Regulations came into effect, even experienced landlords can now be reluctant to provide furnished properties. However, when you consider that a furnished property can let on average for over £50 a month more than an unfurnished one, it is easy to see why it might be worth putting in some time, effort and investment into furnishings to reap the rewards in the long term. Continue reading
Every type of house has a type of buyer, and if you know what that is, you can cater for it. Tailoring your approach and presentation, even the estate agent you choose, will mean that you appeal better to your target market. This information can easily be found with a little bit of research online. Continue reading
There was an interesting article in the Telegraph today regarding the taxman closing a property tax stamp duty loophole.
This ruling is thought to boost future HMRC revenues by £160m. Continue reading
For those on the fringes of affordability time could be running out to secure a mortgage. There are two reasons for this. The first is something the mortgage industry has been aware of and preparing for for the last couple of years; it’s called the Mortgage Market Review or MMR for short. These are a series of reforms that were set in motion in the wake of the financial crisis of 2008/09 and April 26th is the deadline for compliance with these new rules. However many lenders are implementing the changes throughout the month of April so they can be sure they’re ready in time for the deadline Continue reading
George Osborne’s 2014 Budget was announced today announced by the BBC as having “Tax changes to boost pensioners and savers”. Continue reading
Capital Gain Tax – the current exemption from CGT for non-UK resident owners of residential properties will be removed.
Liam Bailey, Head of Knight Frank Global Research, comments… Continue reading
The impact of tenants falling into arrears at Christmas time should not be underestimated, as it can also directly affect a landlord’s ability to maintain their mortgage payments too.
With many landlords relying on a tenant’s rent to supplement their monthly income it is clear that some would be unable to pay the mortgage on their property in the event that the tenant missed a payment of rent. Continue reading
The truth about property price increases, making £20k to £40 in one go and how I break every rule in the book – legally!
If you go to a property seminar these days you know what you’re going to hear – Buy BMV, at least 25% discount, only buy if it’s going to make you £1000 net income a month and make sure you get all your money back out.
How many of these properties are you finding? Continue reading