If you’re moving home and have either plenty of equity or savings you can use for a deposit, plus a decent income, it can be straightforward to finance your next purchase via a traditional mortgage. This is how most people ‘consumed’ property in the past, but as lifestyles, earnings, investment […]
Benefits of Purchasing Property Abroad
Investing in property overseas can offer more than just a holiday home or rental income, it can also provide various tax benefits. Understanding these tax benefits is essential for maximising returns and minimising tax liabilities. 1. Tax deductions Owning real estate overseas opens up avenues for various tax deductions that […]
Multiple Dwellings Relief Abolition – The Consequences
The abolition of Multiple Dwellings Relief (MDR) following Chancellor Jeremy Hunt’s Spring Budget, has brought into sharp focus the additional costs for investors when they purchase multiple properties in the UK. Property buyers now have to pay an increased amount of tax, with investors now having to purchase six or […]
What Tax Changes Means For Landlords
With several tax changes taking effect in April, experts reveal what this will mean for renters and landlords – including how these changes may impact property insurance in the future. Matthew Harwood, home and lifestyle expert at Confused.com home insurance, said: National Insurance charges “Firstly, the compulsory Class 2 National Insurance […]
What House Survey Should I Get?
The start of 2024 has brought with it a sense of stability in the housing market, with house prices on the rise and an increase in people enquiring about conveyancing solicitors and removal companies. With this stability, we are seeing a huge increase in people looking for house surveys. Compare […]
New Changes To Short Term Lets
On 19 February the Department for Levelling Up, Housing and Communities announced a change in the rules governing Airbnb-type lettings by requiring planning permission for properties let for more than 90 days per year, introducing a mandatory national register of short term lets and giving councils greater powers to control short-term lets. […]
Housing Demand in 2024
A number of recent surveys have suggested that more confidence is returning to the market as mortgage rates continue to fall. In January, for example, The Mortgage Lender published research showing that 52 per cent of residential buy-to-let landlords had expanded their property portfolios over the last 12 months, adding […]
Investing In Energy Efficient Boilers
What Home Owners Should Know About Investing In An Energy Efficient Boiler As homeowners in Britain contemplate enhancing their property’s efficiency, the importance of an energy-efficient boiler becomes increasingly apparent. The decision to upgrade to a more efficient boiler system not only impacts your home’s warmth and comfort but also […]
What Landlords Should Look Out For In 2024
By Allison Thompson, National Lettings Managing Director, Leaders Romans Group 2024 will be a year to watch for landlords, especially those who are self-managing, as there will likely be many changes and new announcements that will affect how landlords operate. In addition to the Renters (Reform) Bill making its way through Parliament, […]