With just over a week to go until the General Election political leaders are starting to make new promises on top of their already published manifestos. According to recent polls there is currently no clear winner between the Conservatives, Labour, Liberal Democrats, UKIP, Green Party, SNP and more, which is why these next few days will be crucial for all parties.
This year has been extremely prosperous for landlords as there was a high level of demand for private rental properties across the UK. Cities such as London in particular saw an increasing amount of people starting to rent properties, which means that landlords have been benefiting from impressive yields.
Last week the Chancellor of the Exchequer George Osborne announced that the way in which homeowners pay stamp duty would change as of midnight on Wednesday 3rd December 2014. Previously, the amount a person had to pay in stamp duty depended on the overall price of a property; for example, if a property cost between £125,00 and £250,000 the buyer would pay 1% in stamp duty, while if it was £250,001 the buyer […]
As a landlord one of your biggest and most common worries will be whether one of your tenants falls into rent arrears. Even if you have protected your business with rent guarantee insurance, having a tenant fail to pay their rent can cause all sorts of issues and may even require you to start the eviction process. This is why landlords will be happy to hear that recent reports are suggesting that tenants are now […]
Over the past few weeks some of the biggest political parties in the UK have been hosting their last conferences before next year’s General Election. As expected, the leaders of each of these parties took the opportunity to announce a number of new policies which will affect both those living in the UK and investors. However, for Labour party leader Ed Miliband his speech will be remembered more for the fact that he did not […]
It’s currently a very risky time for UK landlords as in the next twelve months a number of changes are likely to affect the private rental sector. One of the most prominent changes will be the Bank of England increasing its baseline interest rate, ultimately leading to monthly buy to let mortgage repayments increasing. Therefore, it is not surprising to see that many landlords are already preparing themselves by investing in extensive landlord insurance policies and remortgaging their buy to let properties in […]
It’s not surprising that with the private rental sector doing so well a number of lenders are trying to cash in on their customers’ success. For many, the private rental sector is an extremely wise place to invest in at the moment, as a number of reports are suggesting that demand for private rented property will remain at a high level for the next few years at the very least.
However, as a landlord you should be wary of any special offers, as they can sometimes […]
It’s no secret that over the past few years the private rental market has boomed, which means that good quality, affordable properties are now usually only on the market for a matter of days before they are let out. Furthermore, landlords have been benefitting from a secure form of income, as the rising demand has led to rent prices increasing and tenants taking more care of their properties than in previous times.
Christmas is an expensive time of year for most people, which is why having a good grasp on your finances is essential; however it seems as though some landlords are not taking managing their finances seriously enough. We have already seen reports concerning landlords who are failing to pay the right amount of tax or set up contingency funds to protect them should the worst happen. Furthermore, many articles claim that it’s not just the landlords that suffer from financial mismanagement but tenants […]
Since the introduction of the welfare reforms both social and private landlords have struggled to house an increasing amount of people who have less money than they did a few months ago. As there is such as massive demand for housing rent prices have naturally risen, however due to the welfare reforms most people now have less when it comes to housing benefits, which means that a large number of people are now finding themselves homeless.