2022 UK property Crash? Thanks to the stamp duty holiday and record lows in interest rates in 2021, which enabled buyers to purchase property without having to pay as much extra taxation, last year saw the largest increase in house prices since before the financial crash in 2007 – generating greater buyer activity and a demand boom, but how will …
It may be assumed that large property developers are mainly at risk during a recession; however, in reality, many people from a wide range of backgrounds have invested in properties for their future and therefore may face financial consequences during periods of recession. In this post, we’ll explore the reasons why a recession may impact buy-to-let mortgage holders and provide …
Introduction COVID-19 has caused severe problems for many businesses and those that they employ. Job loss or job insecurity, in turn, can lead to depression. In addition, not knowing how to pay your mortgage or rent understandably can be very stressful for tenants and landlords alike. Vows for commercial tenants will be telling in March 2022 when the government lifts …
Landlords in 2022 look to expand their portfolios in the next year, as some anticipate the rents to rise and house prices improve. The positive rental yields are attracting investors to the rental market. A study by Shawbrook Bank showed 34% of landlords are planning to buy at least one property within the next year, while 14 per cent said …
Self Assessment filing deadline & Tips Time is running out for landlords and other Income Taxpayers, with the Self Assessment online filing deadline of midnight on the 31 January fast approaching. Miss it, and straight away, you’ll have to pay a Self Assessment late-filing penalty of £100. After three months, if you still haven’t submitted your Self Assessment tax return, …
Some landlords say enough is enough! Councils have warned of a growing crisis in the private rented housing sector, with a sharp rise in landlords selling up or converting their properties into Airbnb’s. Of the 76% of councils surveyed by the District Councils’ Network (DCN), they reported that this issue led to more people losing their homes and made it …
We are now on the brink of winter, so the coldest and darkest nights are well and truly on their way. Unfortunately, preparing your property for winter is something that many property owners seem to forget. However, if you want to stay away from those pesky winter business claims, this guide will be the one for you. Avoiding Damage From …
The way to efficiently manage property People often confuse passive income with admin work when it comes to being a landlord. Think about the properties you’ve bought over the years. You spend ages looking for the right property at the right price and in the right location, then you buy it. Maybe you do some refurb work or convert it …
The rental industry is composed of many different types of people involved at various levels with the management of rental properties. Two of the most common roles within the industry are that of a property manager and a landlord. While these two positions may seem very similar to each other, there are some key differences between them that you should …
Landlords need to prepare for Winter Have you seen the gentle sprinkle of snowfall outside your window? Have you felt the persistent chill that sneaks into your home when you forget that you’ve left your window open? A fact that may be of some concern to UK energy consumers. We’ve all heard about the skyrocketing prices of wholesale gas and …
