What is a lifetime mortgage?
A lifetime mortgage is a loan secured on your home which is only repaid when you die or when you go into care. It allows individuals to borrow money against the current value of their property without any need to make monthly payments. This, therefore, has no reduction in family budget. Continue reading
We have been looking for some good Property Management Software. We really would like to have a centralised database from where we can manage all of our properties. The current portfolio is on a spreadsheet, which does the job. But we were wondering if something more detailed might be a good idea as our portfolio grows. Continue reading
As previously announced the abolition of flat conversion allowances will go ahead for expenditure from 1 April 2013 for corporation tax and 6 April 2013 for income tax payers. Flat conversion allowances are 100% capital allowances for expenditure incurred in converting empty or underused space over shops and commercial premises for residential use. The abolition of flat conversion allowances will affect commercial landlords converting upper floors above shops into residential flats. Continue reading
Here are the key points announced in this year’s Budget…
50p top rate of tax cut to 45p from April 2013;
Personal income tax allowance increases to £9205 from April 2013;
Anti-tax avoidance rule introduced. Continue reading
Property owners have to comply with a range of regulations to ensure they are operating within the law. Normally these are governed by legally binding documents, such as rental agreements with tenants, which set out rights of access to a property, what is included in the property contract – an inventory is normally provided – and responsibilities for key areas, such as repairs and renewals. Continue reading
So, you’ve bought your property, it’s all going smoothly, financially you’ve done all the maths. But that financial brain doesn’t necessarily transfer to interior design. Continue reading
It is only in the past 30 years that is has become common place for new homes to be fitted with double glazing and therefore there are still quite a lot of homes out there that have single glazed windows and therefore are losing a great deal of heat unnecessarily. Continue reading
I’m always being asked how to make more money from property as this is something I’ve been specialising in, and I decided to give away some of my top tips to help investors do this.
I have attached here some of my 101 Essential Tips for investing with high cash-flow, and this section is for use particularly with tenants claiming benefits. Continue reading
What are you investing in at the moment?
The answer doesn’t need to be a type of property, a method, or even an area, it’s more likely these days to be a cash-flow return.
If you’re looking at a deal how are you deciding whether to invest or not? Continue reading
Whether you’re looking to rent or buy, viewing potential properties is a key part of house hunting. Here’s how to make sure a property is really worth your money. Continue reading