2018 hasn’t been the best year for landlords. Political uncertainty and new restrictive legislation as well as less favourable tax changes have led to a number of investors deciding to sell their property investments. Here are 5 top tips for landlords who want to sell
Letting your property or home as a first time landlord can be a daunting task and there are important considerations before putting it on the rental market. Preparing your property You should undertake any maintenance which needs to be done. Your property will be more
Planning your portfolio Investing in property is a journey and if you are starting a portfolio or indeed growing one it is vital to have an idea on what you plan to achieve. It is essential to have a flexible timeline in terms of how
How should I measure returns? Successful property investors tend to calculate returns from property using a simple net return calculation. A gross rental return is the total amount of money your tenant pays you for residing in your property. Your actual net return (or pre-tax) profit – is what
Are you ready? From next month, April 2017 mortgage interest tax relief will start to be restricted to 20% for all buy to let landlords. The relief could affect landlords who are basic rate and also higher rate tax payers. The changes will impact in
Talk, read and get educated… Then plan If you are interested in investing in property, you should approach someone who is experienced in doing it successfully. Also educate yourself on the basics through reading and possibly also attending property investment meetings. In Chester we have a
Are you a Landlord? – Property inspections are important One important job for every landlord or for your property management company is to complete property inspections. Carrying out regular inspections every few months can help you or your agent spot potential problems and
Since 23 November 2015, all Landlords operating in Wales must become registered with Rent Smart Wales. Landlords have a year to comply with this new obligation. This new requirement comes from Part 1 of the Housing (Wales) Act 2014. Are you a Landlord with
According to some accountants, Overseas Landlords should get these properties now, even if they have no intention of selling. Some warn that failing to get a property valuation as soon as possible could mean they end up paying more tax when they do eventually sell.
Stamp Duty Land Tax (SDLT) is to be changed at midnight after today’s Autumn Statement by Chancellor George Osborne. The Chancellor announced that he would be completely reforming what he described as a “badly designed tax on aspiration”. He has altered the structure, by which
