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Non-Resident Landlord – Tax reminder for overseas landlords

What is a Non-Resident landlord? A non-resident landlord is essentially a landlord who lives overseas for more than 6 months of the year and rents out a property in the United Kingdom and is therefore required to pay tax on any rental income. Drawbacks of being an overseas landlord Although it can be tempting to self […]

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Oversupply of rental property leads to slowest annual rent increases since 2014

As anticipated, it seems that the surcharge on stamp duty and the fall in tax relief on buy-to-let mortgage interest is certainly making landlords think carefully about their next steps. Just this month, it has been revealed that the proportion of UK landlords who intend to sell property in the next year has more than doubled […]

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Our housing White Paper response

Our housing White Paper response

It’s been a busy week for the property market. Firstly, the Royal Institution of Chartered Surveyors (Rics) issued survey findings which suggest that rental prices could rise faster than house prices because of a tougher tax regime, and on Tuesday, the hotly-anticipated housing White Paper was released. These two announcements alone have seen the press dedicate many […]

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Infographic showing survey results from a national online lettings agent.

Landlords fear a double hit from Section 24 according to survey

New survey results from a national online lettings agency suggests that residential property landlords fear a double hit from Section 24 and the proposed changes to tax relief – not only reducing their overall rental profits but also pushing many of them unknowingly into a higher tax bracket. Coupled with the recent introduction of an additional 3% increase in stamp duty on […]

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Lloyds bank introduce stricter lending criteria for landlords

With news out today (18 November) that Lloyds is to impose a stricter affordability regime to restrict landlords’ loans based on their likely tax bills, this is yet another storm higher-earning investors are expected to weather ahead of the Bank of England gaining new powers over the market next year. Even though the new rules don’t come in […]

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Deutsche Bank analyses buy to let price hike effect

Deutsche Bank has given its two pennies’ worth after recent rumblings that the tax increases introduced by Chancellor George Osborne in the private rental sector could lead to wider implications. Two major tax changes that make buy-to-let far less attractive have been introduced: There’s the stamp duty surcharge on second homes – that makes it much […]

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Are Buy to let landlords under threat from first time buyers?

As the frenzy of property purchasing starts to slow down and as the dust begins to settle now that the new stamp duty law has kicked in, are there any emerging market developments of which landlords need to be aware? Early indicators are that there might be, in the form of a threat to buy […]

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Cost of ‘doing business’ for landlords on the rise

New research from the Office of National Statistics has revealed that the buy-to-let boom shows no sign of abating and that the number of households that earn at least a portion of their income from rental property has tripled since the 1980s. Demand for rental property The number of households reporting an income from rent […]

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