We’re now well into the autumn and it won’t be long before temperatures plummet and the weather becomes inclement.
How much does it cost to operate one private rental property per year? This is a question that new or would-be landlords may be asking themselves, and now high-street lender Nationwide has calculated precisely how much, on average, it costs to run a single privately rented home. Continue reading
Landlords in Scotland continue to have more reason to cheer than their counterparts in England and Wales, according to new research on rental yields.
Scotland is famous the world over for a number of things – including kilts, shortbread, haggis, whisky, Trainspotting, Robert Burns, Hogmanay, the Edinburgh Fringe and William ‘Braveheart’ Wallace. In recent years, though, it has become an increasingly attractive proposition for landlords and property investors eager to achieve healthy rental yields.
Deposit disputes and major issues with tenants are, thankfully, very rare, but as a landlord there may still be times when such problems arise. Continue reading
At Letting Solutions, we’re always keen to know what landlords are thinking, what makes them tick and what the average profile is of one of the key parts of a well-oiled, functioning housing market. Continue reading
It’s always pleasing to read positive, upbeat news regarding the rental sector, so landlords in Scotland will be keen to know that the start to 2017 has been a good one for anyone with a stake in letting property. Continue reading
In our last two blogs, we took a closer look at incorporation and why this is a rising phenomenon among landlords. In nearly all cases, incorporating – i.e. transferring a property portfolio to a limited company to pay lower taxes on profits – is being done to offset the damage that could be caused by the phasing out of mortgage interest tax relief. Continue reading
In our last blog we looked at the growing phenomenon of incorporation, as landlords across the country look toward against the worst parts of the upcoming changes to mortgage interest tax relief. From April this year, the phasing out of mortgage interest tax relief will begin – and will be fully implemented by April 2020. Continue reading
It is now only a few months until the phasing out of mortgage interest tax relief begins – from April 2017 landlords will no longer be able to claim tax relief at their marginal rate of tax. Instead, the maximum tax relief for all landlords will be set at the basic tax rate of 20%, which is expected to have an adverse effect on the profits of a significant proportion of landlords. Continue reading