Hello,
lease extensions confuse me. I was under the impression once the lease drops under 80 years it becomes unmortgageable and the value of the property drops sharply. Yet I see properties on sale which don't reflect the lease length. case in point - my mother had a btl which we tried to sell...
ok so we all know the government are reducing the amount of mortgage interest you can claim against your annual rental income to reduce your taxable profit in chunks of 25% from 2017 to 2020, where it will be zero. What are the other costs a landlord can claim to further reduce their taxable...
Me again,
so as people are aware, the government have now scrapped the wear and tear allowance and are gradually eliminated the deduction of mortgage interest from 2017 in yearly chunks of 25% up until April 2020 where you will not be able to claim any deduction of mortgage interest to reduce...
Hi,
How does housing benefit work in the uk ? Do councils automatically pay the monies direct to the landlord irrespective of whether the tenant is working or not ? Or does it get paid directly to the tenant and is it up to them how they pay their bills ? I'm guessing council policies differ...
Hello,
ok so I'm new to property investing and am wanting my own tax affairs up straight and up to date. I've owned a leasehold property since July 2007 and during that time I let out the property for 58 months whilst living in it for the rest of the time. going through my accounts it has...
Ok this a uk specific question -possibly bordering oin mind blowing ignorance, but how do you work out how much rent to charge on a property ? is their formula to use or do you take into account a myriad of factors such as rental prices of similar sized properties in the surrounding areas ...
Ok so I'm realtively new to property investing and have done some general reading on the subject;
one thing I don't get is rental yields. Some people say 4% is good ,,others say 7%... but what are they comparing it to ? other btls in the surrounding area of similar price or sizes ? I'm just...
Hello,
I am thinking of acquiring a btl but I am getting confused by the meaning of the below three terms;
Equity Release,
Additional borrowing
Remortgaging
So I live in a leasehold flat worth approx. 150k and in reasonable nick ( few wear and tear elements but nothing that can't be fixed )...
Hello,
i'm thinking of potentially selling my property but before I commit to the conveyancing process with a buyer I think I may have a retrospective income tax liability as during the last 11 years of ownership I let the property out whilst living at my mum's house for 58 months during 2...