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 – I am a single mum of two teens and currently having disputes with my landlord about my deposit. After giving advanced notice of my moving out they refused to refund my deposit, insisting that I have broken some clause in the tenancy agreement. Can my landlord refuse to pay back my security deposit? …
Can my landlord refuse to pay back my security deposit? Read More »
As a landlord you must do a number of things to be legal. But there’s a difference between what’s required by law and best practice. A big difference! That’s why The Royal Institution of Chartered Surveyors (RICS) has written a best practice guide for landlords. Lack of knowledge is not a defence for getting something wrong. …
