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Lease extension – tax implication?

Dear All, I own a leasehold flat (56yrs remaining, owned in my personal name) in a converted house with 2 other flats in the building. Both of the other flats have long leases (>900yrs at peppercorn).
The freeholder wants to sell his interest and i…

Industry body warns rental reforms could drive up rents and reduce supply

Propertymark letting agents argue “overly restrictive regulations” will hurt supply and drive up rent prices.
Propertymark members are warning members of the House of Lords that the Renters’ Rights Bill could make it difficult for people to find affor…

Renters’ Rights Bill sparks more chaos: Are landlords and letting agents doomed?

It’s not even law yet but the dreaded Renters’ Rights Bill has spread its tentacles from landlords and tenants to letting agents.
That might come as a surprise to lots of readers, but it appears that smaller agencies are taking their cue to…

Nightmare Tenants, Compliance Issues, and Coal Mines: We Still Sold This Portfolio for £700K

We’ve said it before, and no doubt you’re experiencing it now: it’s a tough market for landlords. With increasing compliance costs, unreliable tenants, and a rapidly changing property landscape, you’d be forgiven for thinking that it’s time to throw in…

UK house prices dipped slightly in February – Halifax

The average UK house price dipped in February by 0.1% to £298,602, though year-on-year prices rose by 2.9% – unchanged from January.
Northern Ireland saw the highest yearly growth of 5.9% growth, with average prices at £205,784

Tenants praise landlords but call for better communication – survey

A tenant survey is overturning gloomy clichés about landlords to reveal a largely upbeat relationship with 55% of renters commending their landlords for delivering decent homes.
The survey by Leaders Romans Group (LRG) shows that just 12% of tenants ha…

Bridging helps to boost landlord purchases – Shawbrook

Landlords are increasingly utilising bridging finance to invest in buy to let properties and Shawbrook says that 63% of their residential bridging loan transactions were for purchases.
Its internal statistics also a pattern which appears to have contin…

Bizarre Housing Benefit scenario – is this legal?

Some parents I know recently purchased a 3 bed detached bungalow for their severely disabled daughter to live in, and due to the need for 24hr care, she qualifies for the “2-bed HB rate” (one bedroom for her, and one for her carer).

Want to Replace Your Income with High Cash-Flowing Property?

If you’re a property investor looking to replace your income, then focusing on high cash-flow properties is essential. But how do you do it in a way that accelerates your results and maximises your profits?
You might be wondering—is that even possible?…

Want to Replace Your Income with High Cash-Flowing Property?

If you’re a property investor looking to replace your income, then focusing on high cash-flow properties is essential. But how do you do it in a way that accelerates your results and maximises your profits?
You might be wondering—is that even possible?…

KRFI and CHL are the latest to lower BTL rates

More buy to let mortgage providers have announced reductions in their buy to let rates.
Kent Reliance for Intermediaries (KRFI), part of the OSB Group, has revealed lower rates across its range, including limited edition and standard products.

Welsh council initiative to attract private landlords

A Welsh council has launched a programme to lease properties from PRS landlords so they can offer affordable homes to local people.
Newport City Council says that landlords are leaving the sector ‘for different reasons’ and wants them to re…

Tenant’s Disrepair Claims After 11 Years – A Landlord’s Nightmare?

I have been renting a flat for over a decade, and I recently encountered a frustrating situation with a tenant who has occupied my property for 11 years. Over this period, I have only increased the rent twice, and each time I have done so

NRLA welcomes MP’s admission that housing supply affects rents

In answer to a written question, Labour’s Treasury Minister Emma Reynolds has highlighted the pressures driving up rents – a lack of housing.
Addressing a query from Bell Ribeiro-Addy who asked if the Chancellor of the Exchequer had assesse…

Paragon unveils cutting-edge BTL mortgage platform

Paragon Bank has launched an innovative buy to let mortgage application system, offering brokers a quicker, smarter and more adaptable service.
It says the bespoke digital tool, which is now accessible to all intermediaries partnering with the lender

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