Some landlords and agents have a ‘no DSS’ policy. Sometimes this can even be because the landlord’s mortgage lender has a no DSS clause in their mortgage terms. However, the Department for Social Security ceased to exist in 2001, so the term ‘DSS’ is somewhat out of date now, although many people still use the …
Landlords are angry at new legislation – the so called Tenant Tax – which threatens to turn the costs involved in owning and running rental properties from a normal business expense into taxable revenue. Steve Bolton, founder and chairman of Platinum Property Partners, and fellow landlord Chris Cooper, have launched a crowd funding appeal to raise enough …
New European rules mean some buy-to-let loans will be regulated for the first time. As a result of the Mortgage Credit Directive, from 21 March 2016, anyone taking out a consumer buy-to-let mortgage will have to take out a regulated product. Under the Directive, the vast majority of buy-to-let lending will be called Business Buy-to-Let (BBTL) and …
How The Mortgage Credit Directive could affect ‘accidental landlords’ Read More »
Small landlords investing in buy-to-let property face a huge hike in stamp duty from April 2016. The new, higher stamp duty rates will apply to buy-to-let properties as well as holiday lets. However corporate entities or funds with 15 residential properties or more will be exempt from the higher rates. Those who buy property after …
How will stamp duty increases for second homeowners affect the rental market? Read More »
Q – When I’m booking viewings to show potential tenants around my rental property, quote often they simply don’t turn up, which wastes a lot of my time. What’s the best way to avoid this? A – Around 25% of booked viewings simply don’t happen for one reason or another which, as you’ve discovered, can be …
How can I avoid tenants not turning up for viewings? Read More »
