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Nationwide House Price Index ends year up 7.3%

The Nationwide House Price index for December 2020 is indicating UK price inflation of 7.3% for the year and 0.8% for the month with the average house price now standing at £230,920.
All areas of the UK saw a pickup in house price growth rates in quart…

Investor or Developer – How would HMRC treat me?

I have the opportunity to invest in a small local development of 4/5 barn conversions, either as, purely an investor, or possibly as a director of the company (which will be set up solely for this particular development).
I have a small income from pro…

Landlord Incorporation – Company Indemnity of Existing BTL mortgages

The following quote, confirming that refinancing is NOT necessary at the point of incorporation, comes directly from the HMRC manual …
“The transferor is not required to transfer business liabilities to the company but often does so.
The po…

NDR – Council is wrong?

I have a tiny shop with ratings on VOA site showing as follows:-
April 2010 – Jan 2014 £2,600
Oct 2013 – 17 March 2014 £0
April 2017 – present £1,650
The assumption by the owner that on purchase in non-business rates applicable as wel…

Property Market Outlook For 2021

So what’s in store for property investors in 2021?
In this video, I am joined by property entrepreneur Andrew Roberts as we take you through the threats, risks and opportunities for property investors in 2021.
Please click on the video below.
The…

Difficulties with national agent paying across 6 month upfront rent?

Wm. H. Brown let a property for us on 10th December with 6 months upfront payment of rent. We chased them to pay this across to us before Christmas and were assured we would receive it by 22nd, or the very latest by 23rd December.
The post Difficulties…

Rent repayment order VS Rent Arrears?

I rented my 2-bed property to a company as a corporate let from June 2018 for 18 months fixed with permitted occupier stated as ‘ a client of the tenant or their immediate family’ with a max limit of 5 persons which continued as a periodic …

Mould with a Covid Twist?

I have tenants who have both been furloughed. One of the neighbours inquired if there was a leak in my flat as the internal glass door was streaming with condensation (this is an internal door leading to a small hall then another internal door)
I suspe…

Buying a new and selling existing main residence to ltd company?

Hello everyone, I am in the process of purchasing a new residential property and transferring my current residential property to my LTD company.
Will I be liable to pay stamp duty on my current property as well as the new residential purchase?
The post…

Property turned out to be a Granny Flat?

This is a long story I will cut very short. We had an offer accepted on a house we wanted to buy, we knew the people, not overly well, but enough to trust them.
We had a lot of issues from the start of Feb 2020
The post Property turned out to be a Gran…

Potential Purchase Cesspit Nightmare?

Should I consider buying a property that has a communal cess-pit in/on its land despite the fact that the property I am in the process of buying no longer uses the cess-pit as it was put onto Mains Drainage and Sewerage about 10 years ago?
The post Pot…

How best to trace a tenant?

A tenant recently left my rental property with no forwarding address. The keys have been returned and there is an outstanding debt and damage caused to the flat.
Do any readers have recommendations for how best to trace the tenant to contact him and ch…

Property investors Christmas message from the Palace

Watch this special message exclusively for property investors this Christmas from Buckingham Palace.
2021 will be full of uncertainty, but this is the new norm.
I share how you can learn to prosper through the uncertainty and make 2021 your best year e…

Percentage of tenants in rent arrears dropped to 11.8% in November

The percentage of tenants in rent arrears decreased during October and November, according to research from PayProp. Payment data from also shows that the typical percentage of rent in arrears fell consistently from August to November.
 However, with …

Damages is the top cause for deposit claims not rent arrears

According to The DPS just over half of the claims made by landlords against tenancy deposits in 2020 cited a need to clean or make repairs to the property or its contents,
Costs for damage made up 27% of claims
The post Damages is the top cause for dep…

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