Making More Out of Buy-to-Let. The Bentley Hotel Friday 1 st November 2013
|
|
- Sibyl Jenkins
- 8 years ago
- Views:
Transcription
1 Making More Out of Buy-to-Let The Bentley Hotel Friday 1 st November 2013
2 Welcome James Pinchbeck Marketing Partner, Streets Chartered Accountants
3 Managing Director Association of Residential Letting Agents
4 The Key Considerations
5 Buy to Let : A Brief History Started 1995 By ARLA with a panel of lenders Mortgage rates nearer domestic rates than commercial Finance 75% LTV Interest cover 1.25 to 1.4 times Medium to Long Term Investment Slow start then huge upsurge buying off plan speculation
6 Demand Supply Price Location Available Finance Legislative Changes in the future Other threats
7 Demand How do you establish strength? National Trends Localised Reports Local Knowledge
8 Local Agents Stock Check Portals : Rightmove, Zoopla etc Remember stock advertised may be what is not in demand Who holds the actual data for an area?
9 What impacts on price? Owner Occupier Demand Available Finance Landlords Competing Price Buy to Let Trends do not follow Owner Occupier Trends Does it give potential for capital growth?
10 Location is key to demand Location One side of a street can make all the difference One end of a street can make all the difference Competition in area
11 Own Funds Available Available Finance Mortgage Funds Available Length of Borrowing Term Rates not following Base Rate When do you need liquidity?
12 Landlords Register Legislative Changes Minimum Standards Changing in Law Local Licensing Schemes Regulation of BTL Finance Tax Changes
13 Other Threats Institutional Investment Build to Rent New Student Accommodation New Retirement Accommodation Large Developments Planned Local Employment Changes
14 Who Can Help? Good Financial Adviser (Tax Advice) Good Conveyancer Experience Local Agent
15 Thank You
16 Making Buy-to-Let Less Taxing Kelly Goodchild Tax Supervisor Streets Chartered Accountants
17 Streets Chartered Accountants Top 40 UK accountancy practice 11 offices including Lincoln, Grantham, Peterborough and Hull 27 Partners and Directors Dedicated tax practice Property tax specialists
18 Streets Chartered Accountants Property Tax Specialists Development, investment, a home for your business, buy to let and renewables Our specialist property advice and service includes: VAT including the option to tax Capital Gains Stamp Duty Land Tax SDLT Capital allowances Estate planning and inheritance tax Self Assessment and Corporation Tax returns
19 Tax issues for Landlords Income Tax issues Allowable expenses and loans Wear and tear / renewables Furnished Holiday Lets Non Resident Landlords Capital Gains Tax issues Private residence relief Family gifts
20 Income Tax Issues Common Types of allowable expenditure include:- Mortgage Interest Repairs Letting Agent Fees Insurance Ground Rent and Council Tax Water Rates Cleaning and gardening Accountancy fees
21 Income Tax issues Mortgage Interest Allowable as long as wholly and exclusively for the rental business Costs of obtaining loan finance also allowable Consider drawing down on capital
22 Income Tax issues Mortgage Interest - Example Mr A has a property that he purchased for 100,000 He has an outstanding mortgage of 80,000 He is offered a job in Holland and moves there to live and work He decides to rent out his UK property whilst in Holland and when he starts to do this his property is worth 375,000 He renegotiates his mortgage on his loan, converts to a buy to let mortgage, and borrows a further 125,000
23 Income Tax issues Mortgage Interest - Example Opening balance sheet of his rental business is:- Mortgage 80,000 Property at market value 375,000 Capital account 295,000 Balance sheet after increasing mortgage is :- Mortgage 205,000 Property at market value 375,000 Capital account 170,000 The loan interest on the whole mortgage is allowable, and the additional 125,000 can be spent on a flat in Holland! Consider taken out a further mortgage up to 170,000 to fund a worldwide cruise! And get tax relief!
24 Income Tax issues Repairs Repairs allowed, but not capital improvements If improvement is because of new materials repair Major expenditure apportion between capital and revenue Expenditure after acquisition allowable? Capital allowances are generally not available Replacement of fixtures should be allowable
25 Furnished Properties Income Tax Issues Repairs From 2013/14 tax year the renewals basis is withdrawn Applies to letting of furnished property Must now claim 10% wear and tear allowance Covers items a tenant would normally provide in unfurnished accommodation e.g. TVs, beds, curtains, white goods etc Can still claim for renewals of fixtures e.g. boilers, baths, toilets etc
26 Joint Ownership Married couples and civil partners 50:50 subject to election to reflect actual ownership Consider transfer of 1% to lower earning spouse Unmarried joint owners subject to tax on percentage of property owned Consider an agreement to split profits in a different ratio
27 Furnished Holiday Lettings Applies to properties in the UK and the European Economic Area Advantageous from a tax point of view e.g. qualify for CGT reliefs From April 2011 no longer ability to offset losses against other income Qualification rules are tightening from April 2012 Consider selling whilst properties still qualify
28 Non-Resident Landlords If you move abroad and rent house out still liable to UK income tax / complete a tax return Agent automatically deducts tax at source 20% Opt out, completion on NRL1 form
29 Capital Gains Tax Gains on disposals of properties are subject to CGT (18%/28%) Possible qualification for Private Residence Relief and Lettings Relief Rules apply equally to family gifts
30 Private Residence and lettings relief Consider whether it is possible to occupy a property as main residence before sale Do it properly No minimum period quality not quantity Actually occupy Redirect post Updating voting register Tell the Revenue Plausible reason
31 Private Residence and Lettings Relief Mr B, a higher rate taxpayer, acquired a property in 2002 for 200,000 Property sold in 2012 for 650,000 Tax on gain after annual exemption of 123,032 If occupy for 1 year prior to sale the tax is reduced to 74,032
32 Family Gifts Gifts between family members (other than spouses) are subject to CGT Sale proceeds are equivalent to the market value of the property at the date of gift Route through trust Don t forget about SDLT Don t lose out on private residence relief if buying property for children IHT Gift 90% to child retain rents - PET
33 Making More Out of Your Buy-to-Let Kelly Goodchild Tax Supervisor Streets Chartered Accountants
34 Funding Buy to Let Investments Presentation by Steve Straw Director
35 Agenda Who we are. What we do. Ways of financing investment property. Features of a Buy to Let Mortgage what is different to a normal mortgage? Assessing affordability. Finding the right mortgage and other financial products. Why use a Mortgage Adviser? Multiple Property Landlords. Protecting against the loss of rental income. Planning your Exit Strategy.
36 Who are we? T&R have been established since We are a locally based business, with 15 staff, including 6 Consultants. Our Consultants are professionally qualified to give advice in regulated areas of financial advice. Recently relocated to Oakwood Road, Off Doddington Road, Lincoln, with modern premises and parking available. We are passionate about helping you achieve your financial goals.
37 What do we do? Our core areas of advice include: Investments Pensions and Retirement Planning Non-investment Life Protection, and Mortgages As well as providing advice, we essentially help clients by setting plans in place, to give them a clear understanding of what they want to achieve in the coming years. We help both private and corporate clients in these specific areas of financial advice. We are a fully independent IFA and offer whole of the market.
38 Some Statistics In the 2 nd quarter of 2013, lenders advanced 40,000 mortgages worth 5.1 million: number and value the highest since 3 rd quarter of Year-on-year (2013 & 2012): Buy to Let lending is 19% higher by volume, and 31% higher by value. Lending for house purchase: accounted for more than half the But to Let loans advanced. Re-mortgaging was stronger, reflecting in improved conditions in funding markets and more widespread availability of mortgage credit. Buy to Let mortgages in arrears (over 3 mths): down from 9.7% in 2012 to 8.4% in Possession rate down from 0.11% to 0.09%. o Statistics from Council of Mortgage lenders: incl. banks, building societies, and other lenders, who represent over 95% of all residential lending. o CML Buy to Let data is issued quarterly: third quarter is next issued 14/11/2013.
39 Ways of Financing an Investment Property Buying the property outright Property Portfolio Let to Buy In most cases you will need a Buy to Let Mortgage
40 How does a Buy to Let Mortgage differ from other mortgages? In many ways it doesn t differ from a residential mortgage. Subject to same credit checks, mthly repayments needed, agreed term of mortgage, property acts as security, fixed and variable rates available.
41 Assessing Affordability Affordability is typically linked to rental income calculations. Rental income is often based on 125% of mortgage payment. Use a stressed interest rate. Be aware of up front costs when considering the mortgage.
42 What rental income do I need? Example: Property value/purchase price 125,000. The lender s stressed interest rate is 5%, and the mortgage lender s rental income requirement is 125%: rent must equal 125% of mortgage costs. Maximum loan is say 75%, 93,750, deposit 31,250. Therefore 93,750 x 5% (stressed interest rate) = 4,687/12 = The minimum rental income is: x 125% = per month.
43 Finding the right mortgage and other financial products Make sure you shop around. Use a specialist Buy to Let Mortgage Broker or Financial Adviser, IFA (such as Thompson & Richardson). Look in best buy tables, online or the press. Check different lenders own websites. The costs.
44 Why use a Mortgage Adviser or IFA? Qualified Protection Whole of Market Research Value of advice Full Service
45 Multiple Property Landlords For Property Landlords building a portfolio of properties. Taking professional advice why? Limited company or individual? Sourcing finance. Negotiate terms.
46 Protecting against the loss of rental income Consider the fall in house prices, rental incomes, and changes in interest rates. Biggest fear - if the property sits empty. Use a licensed ARLA agent to find the right tenants. Take out Landlord Insurance.
47 Planning your Exit Strategy Buy to Let is a long term investment. Exit strategy is determined by: investing for rental returns (as an income) or capital growth. Choose the right time to exit: when could be important. Consider the repayment of your Buy to Let mortgage.
48 Summary: Top 5 Tips for Borrowing 1. Do your homework on affordability. 2. Minimum deposit but also a buffer. 3. Take advice to secure the most suitable Buy to Let product. 4. Interest only is best but consider repayment at the end: Your strategy? 5. Use a licensed Managing Agent
49 HomeLet John Clerkin Head of Sales Get the latest news, follow us on
50 What do we do? What we do is simple, we provide: Fast, Accurate & Intelligent referencing Specialist Landlord s & Tenant s Insurances We ve been taking the risk out of property rental through our products and services since 1992 Find out more about HomeLet, visit
51 WHAT ARE THE RISKS? Get the latest news, follow us on
52 House prices According to Oxford Economics, over the next five years the average house price in England could rise by 21% If this happens, buying a home will not be achievable for many would be first time buyers Large deposits required by lenders is continuing to be a barrier for many would-be buyers Source: Oxford
53 Home ownership levels According to the National Housing Federation's forecast, home ownership levels in England will drop from 72% Seen in 2001 Down to 63% In 2021 Source: National Housing
54 Private Rental Sector Since 2001 the number of households renting privately has risen by 1.3m It s estimated that the PRS will grow by By 2019 the PRS could account for 5% 21% in the next 8 years of all homes in the UK Source: National Housing
55 What Are The Risks? Salaries static Rents increasing Job losses Tenants affected Landlords exposed daily Tata Steel cuts 500 jobs, blaming industry slump and green levies Libraries in Lincolnshire are facing up to 2 million budget cuts, with up to 170 jobs at
56 How Can We Help? Tenant Referencing; INSIGHT - Credit Reference ENHANCE Comprehensive Reference OPTIMUM our finest reference with a unique guarantee! Optimum is the only comprehensive reference that comes with a free 12 month legal and eviction service talk to a member of the HomeLet team for more
57 -Landlords Buildings & Contents -Landlords Rent Guarantee -Emergency Assistance Cover -Legal Expenses Cover -Tenants Contents -Tenants Liability How Can We Help? INSURANCE Get the latest news, follow us on
58 Contact us on; Agents Call: Landlords Call : Online:
59 Going The Extra Mile!
60 Buy to Let Choosing an Agent Your property may well be your most valuable asset... Don t take chances - Choose a Licensed Agent Thinking about Buy to Let? There are FIVE BIG REASONS to do so
61 Licensed & Regulated Licensed by ARLA Client Money Protection Scheme Professional Indemnity Insurance Annual Client Account Audit Code of Practice & Rules of Conduct Member of Ombudsman Scheme
62 Licensed & Regulated Members of RICS The world s leading professional body for qualifications & standards in land, property and construction. Attaining RICS status is the recognised mark of property professionalism.
63 Licensed & Regulated Members of NALS Independent licensing scheme for lettings & management agents. Defined Standards of Customer Service Client Money Protection Scheme Complaints Procedure /Independent Redress.
64 Licensed & Regulated Registered SafeAgent Safe Agent Fully Endorsed Denotes firms that protect landlords and tenants money through client money protection schemes.
65 Buying to Let Things to Consider Before you buy you must consider the following when doing your sums Thinking about Buy to Let? Likely Rental Return Monthly Loan Payments Insurance Premiums Agent Fees Void Periods Tax implications NRL Status Emergency Maintenance Slush Fund
66 Buying to Let Things to Consider Thinking about Buy to Let? Find The Right Property Location, location, location! Appeal to the widest market Would you live here? Size matters! Ask your Agent!
67 Buying to Let Things to Consider Present Your Property for Let Furnished / Unfurnished Appliances? Cleaning Gardening Décor Thinking about Buy to Let?
68 Buying to Let Things to Consider Legal Considerations Energy Performance Certificate Safety Checks Duty of Care Consent to Let Buildings Insurance Thinking about Buy to Let?
69 Buying to Let Things to Consider The Tenancy Select the Right Tenant Inventory & Schedule of Condition Tenancy Agreement Tenant Deposit Registration
70 A Service That s Second To None Fully Managed For Your Peace of Mind 3 Partners at the Front-line of our service High Staff to Property Ratio Regular Property Visits Interim Maintenance / Repairs Rent Collection Monthly Financial Statement Rent Reviews Notices Served Tenancy Set-Up & Renewals End of Tenancy Assessment Assessing Dilapidations Tenancy Deposit Returns Your Agent of Choice
71 Remember If you are a landlord looking for an experienced agent to let and manage your property, it is essential that you select a fully regulated and licensed letting agent By doing so, you will benefit from the highest level of protection an agent can provide HE Lettings have gone the extra mile and chosen to become a member of and be regulated by several professional bodies, so you can be completely reassured of our honesty, integrity and professionalism at all times
72 Do Your Homework! Choose your property with care Choose your location wisely Choose a Fully Licensed Agent
73 We Go The Extra Mile Every Time!
74 James Pinchbeck Streets Chartered Accountants Thank You
Buy-to-let guide about tax
Perrys Chartered Accountants Buy-to-let guide about tax Introduction As a buy-to-let landlord it is important you know about tax and how it affects you and your investment. This is why Perrys Chartered
More informationThis guide is aimed to help you consider the right choices before adding new or further buy to let property to your investment portfolio.
Buy to Let Guide It has now become common for a buy to let property to form part of an individual s investment portfolio. Property has always been easy to understand in that it is tangible and therefore
More informationBuy-to-Let Investor Guide
Buy-to-Let Investor Guide residential letting www.linleyandsimpson.co.uk Buy-to-let is a British phrase referring to the purchase of a property specifically to let out. A Buy-to-Let mortgage is a mortgage
More informationNon-resident landlords. How is tax calculated and when is it due? www.moorethompson.co.uk 1
Non-resident landlords The scheme which operates for non-resident landlords is that a return must be submitted, and tax accounted for to HM Revenue and Customs (HMRC), on a quarterly basis, payment being
More informationResidential Property Letting Tax Guide
Residential Property Letting Tax Guide www.haslers.com Property tax: a Haslers guide If you have invested in property to provide a home for yourself or a family member, or to let out on a small scale,
More informationThe 2015 Landlord s Guide to tax, allowances and obligations
presents... The 2015 Landlord s Guide to tax, allowances and obligations While many people may have the desire to become a landlord of some sort, whether just owning a single flat as an investment, or
More informationYour step by step buy-to-let guide
Your step by step buy-to-let guide by The Frost Partnership First time buy-to-let? Need help choosing a property? Financing your property Legal advice Considering the costs Will I make any money? Choosing
More informationRESIDENTIAL LANDLORDS TAX INFORMATION
RESIDENTIAL LANDLORDS TAX INFORMATION The following notes are intended to provide a useful background for investors buying and letting individual residential properties. Independent advice, tailored to
More informationRESIDENTIAL LANDLORDS TAX INFORMATION
RESIDENTIAL LANDLORDS TAX INFORMATION The following notes are intended to provide a useful background for investors buying and letting individual residential properties. Independent advice, tailored to
More informationThe genuinely helpful lettings agent.
The genuinely helpful lettings agent. YOUR MOVE A lettings service to suit you. There are lots of reasons to let a property. It may be an investment or a source of income. Perhaps you ve inherited a property,
More informationHow To Tax Property In The Uk
A Simple Guide to Property Rental Income Tax and Property Capital Gains Tax For UK Landlords By Kevin Nicholls FCA Page 1 Important Legal Notices: Published by: Thandi Nicholls Limited Accountants Creative
More informationChartered Accountants & Business Advisers
Your Guide to Tax and Property 2011/12 RITSONS hartered Accountants & Business Advisers www.ritsonsca.com Your Guide to Tax and Property Recent trends in the housing market have served to boost the popularity
More informationIn simple terms your return on investment of renting out a property is affected by two main things: rental income and your expenses.
Copyright 2015 Letcom property agents 2015 Table of Contents 1 Introduction...2 2 Return on Your Investment...2 2.1 Rental Income...2 2.2 Expenses...3 3 Agreements and Legal Requirements...3 3.1 Agency
More informationIntroduction 1. Accommodation 2. Safety and Household Furnishings 3. Responsibilities 4. Taxation 5. Insurance 6. Rental 7.
Contents Introduction 1 Accommodation 2 Safety and Household Furnishings 3 Responsibilities 4 Taxation 5 Insurance 6 Rental 7 Managing Agents 8 Tenancy Agreement 9 Agreement 10 Marketing 11 Letting and
More informationLANDLORDS LETTINGS CHECKLIST FOR. Top 5 Questions NEW. Landlords need to answer. 1 Have I achieved the best rent for my property?
LETTINGS CHECKLIST FOR NEW LANDLORDS Top 5 Questions Landlords need to answer 1 Have I achieved the best rent for my property? 2 Should my rental income cover the mortgage? 3 Have I secured the correct
More informationA Short Summary on What Happens When One Dies
RIGHTMOVE S GUIDE TO Letting A growing market Why more people are renting The legal element Understanding your responsibilities as a landlord Finding a tenant What to look for Understanding taxation Of
More informationOrchards www.orchardsuk.com 01525 40 22 66
Buy to Let guide. Orchards www.orchardsuk.com 01525 40 22 66 Your guide to buy to let This residential buy to let overview is brought to you by Orchards. One of Bedfordshires most experienced lettings
More informationResidential Property in the UK A Guide to UK Tax on UK Residential Property
Residential Property in the UK A Guide to UK Tax on UK Residential Property When buying or selling a residential property, you should seek tax advice as early as possible. The main UK taxes to consider
More informationWhat is buy-to-let? Buy-to-let refers to the purchase of a property specifically with the intention of renting it out.
Buy-to-let Guide Buy-to-let Guide What is buy-to-let? Buy-to-let refers to the purchase of a property specifically with the intention of renting it out. This guide will provide an introduction to the buy-to-let
More informationLandlord Guide. Mundys Residential Lettings BEST LETTINGS AGENCY; LINCOLNSHIRE, UK * 2011-2012 - 2013
Landlord Guide Mundys Residential Lettings BEST LETTINGS AGENCY; LINCOLNSHIRE, UK * 2011-2012 - 2013 *5 Star awards as voted 2011, 2012 & 2013 International Property Awards. Welcome to our Award Winning
More informationGUIDE TO TAXATION FOR LANDLORDS
GUIDE TO TAXATION FOR LANDLORDS This guide has been written by Young & Co. Chartered Accountants and Registered Auditors, as a simple guide to aspects of taxation that landlords might face. It covers most
More informationSabsaint. Investment in residential properties for letting in and around Cambridge. andrews bureau. the cambridge property specialists
Sabsaint andrews bureau the cambridge property specialists Management Sales Investment in residential properties for letting in and around Cambridge Contents: 1: Introduction 2: Selection process - Position
More informationLANDLORD S NEWSLETTER
LANDLORD S NEWSLETTER O V E R V I E W Welcome to the flaming June fifth edition of our Newsletter. Summer is here, and the green shoots of recovery are beginning to grow and we are happy to say that the
More informationResidential Property in the UK A Guide to UK Tax on UK Residential Property
Residential Property in the UK A Guide to UK Tax on UK Residential Property When buying or selling a residential property, you should seek tax advice as early as possible. The main UK taxes to consider
More informationBuy-to-let refers to the purchase of a property specifically with the intention of renting it out.
Buy-to-let Guide What is buy-to-let? Buy-to-let refers to the purchase of a property specifically with the intention of renting it out. This guide will provide you with an introduction to the buy-to-let
More informationWant. to make. your. home. your. own? Find out if this could be the right time to consider buying. Your Right to Buy
Council or Housing Association tenants Want Your Right to Buy to make your home your own? Find out if this could be the right time to consider buying 1 Contents Why you might like to buy Why you might
More informationA Guide to Buy to Let
A Guide to Buy to Let Get in to Buy to Let Buying property to let as a long-term investment or to generate a regular income has become an increasingly popular option over recent years, and the demand from
More informationMortgages. Becoming a Landlord. Things to consider before becoming a Buy to Let Landlord. Local knowledge. Mutual understanding.
BTL Guide:Layout 1 21/09/2015 16:32 Page 1 Mortgages Becoming a Landlord Things to consider before becoming a Buy to Let Landlord. Local knowledge. Mutual understanding. Finding a property If you are looking
More informationIMPORTANT INFORMATION FOR LANDLORDS
LETTINGS & PROPERTY MANAGEMENT IMPORTANT INFORMATION FOR LANDLORDS Lettings professionals, RICS, ARLA, NAEA, NALS, Experienced and dedicated teams with up to date knowledge of all relevant legislation
More informationThe Government s tax changes for buy-to-let landlords could significantly eat into profits and potentially wipe them out completely.
Buy-to-Let and Tax Implications The Government s tax changes for buy-to-let landlords could significantly eat into profits and potentially wipe them out completely. Chancellor George Osborne has announced
More informationWhere you first start to let out a property, you will need to compile the following information:
FACT SHEET ON LETTING A RESIDENTIAL PROPERTY If you own (whether in full or partially) property which is let out, you will need to report the rental profits or losses on a self assessment tax return. Thus
More informationBuy to Let investors guide
Buy to Let investors guide YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE On your side in Buy to Let Buying property to let as a long-term investment or to generate
More informationA Landlord s Guide to Letting
A Landlord s Guide to Letting LET BY Through extensive experience we have been able to clearly identify the needs of landlords and develop our services to meet their needs About Us We are specialists in
More informationIMAGE. Buy to Let Guide. What to consider before turning your pension into a buy-to-let investment
IMAGE Buy to Let Guide What to consider before turning your pension into a buy-to-let investment Withdrawing money from pension pots to fund a buy-to-let investment could potentially become a more popular
More informationINFORMATION FOR LANDLORDS
INFORMATION FOR LANDLORDS Letting a property can be a rather frightening exercise for both a home owner and an investor without the right preparation. Robert Bell & Company Limited provide dedicated staff
More informationright up your street.
buy to let landlords guide right up your street. More and more people are renting. As a landlord you ve got enough to think about, without worrying if you ve made the right financial choices. Our advisers
More information[7.1.32] Rent-A-Room Relief
[7.1.32] Rent-A-Room Relief 1. Introduction Sums arising to an individual in respect of the letting, for residential purposes, of a room or rooms in his/her home, including, for example, sums arising from
More informationLet s work together. Intermediary product guide.
Let s work together Intermediary product guide. Launched in 2009, Aldermore champions Britain s businesses. We offer straightforward banking products and services to small and medium-sized businesses and
More informationBUY TO LET TAX GUIDE
BUY TO LET TAX GUIDE Expert advice FROM START TO FINISH WE RE THE UK S LEADING FEE FREE MORTGAGE BROKER Contents p3 p4 p7 p8 Do you pay stamp duty tax on a buy to let property? Do you pay Capital Gains
More informationYOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Buy to Let investors guide
YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE Buy to Let investors guide On your side in Buy to Let Buying property to let as a long-term investment or to generate
More informationLettings. Your Residential Lettings Guide. allan-morris.co.uk
Lettings Your Residential Lettings Guide allan-morris.co.uk Welcome to Allan Morris Residential Lettings Letting property is a serious business, whether you are an experienced investor, a landlord or a
More informationResidential mortgages general information
Residential mortgages general information Residential mortgages general information 2 Contents Who we are and what we do 2 Forms of security 2 Representative Example 2 Indication of possible further costs
More informationredbrick Specialist Insurance for Landlords Our experience is your security landlords insurance
redbrick landlords insurance Specialist Insurance for Landlords Our experience is your security redbrick landlords insurance Welcome to Redbrick Landlords Insurance Investing in property is a significant
More informationLandlords guide to letting
Landlords guide to letting Most agents charge the same but offer only a fraction of our service Letting go of the hassle. When it comes to letting your property you want reassurance that your investment
More informationFairness is one of our key values. We have a code of fairness that you will be provided with when you apply for a mortgage with us.
Mortgages Explained This leaflet answers some of the more common questions that you may have about how your mortgage works and the relationship between the Society and its borrowers. Please read it carefully.
More informationInvestment income. chapter 2. Contents
chapter 2 Investment income Contents Introduction Examination context Topic List 1 Property income 2 Individual Savings Accounts (ISAs) 3 Enterprise Investment Scheme (EIS) 4 Venture Capital Trusts (VCT)
More informationWhat is a Financial Broker?
& Guidance Contents What is a mortgage? 02 How do I start the process of obtaining a mortgage? 03 Loan to Value (LTV) 06 What is a Financial Broker? 06 Why would I need to use a Financial Broker? 07 Terms
More informationSwitching your mortgage deal
Switching guide 1 Switching your mortgage deal We re with you every step of the way Switching guide 2 Why switch? If you re thinking about switching your mortgage, you might not have to shop around. You
More informationWe never hedge our bets... with our landlords properties
We never hedge our bets... with our landlords properties A step by step guide, to your next buy to let property investment Lettings & Management Tel: 01565 653 049 E-mail: lettings@srushton.co.uk Lettings
More informationCommercial Property Buying Property in Your Pension Fund
1 The aim of these notes is to assist in purchasing, letting or selling properties, to ensure the transaction is handled correctly and any pitfalls are avoided. Please read these notes, ensure you understand
More informationTax on buy to let properties
Tax on buy to let properties This article covers the basics of how the various different forms of tax may affect your rental property, you can download our guide as a free pdf to keep here. Do you pay
More informationLET TING YOUR PROPERTY
LET TING YOUR PROPERTY 03 05 07 08 11 13 15 WelCOME An introduction to Acorn Lettings CHOOSING AN AGENT How to get the best possible service UNDERSTAND THE PROCESS Your step-by-step guide to renting your
More informationAdditional borrowing guide 1. Additional borrowing. We re with you every step of the way
Additional borrowing guide 1 Additional borrowing We re with you every step of the way Additional borrowing guide 2 What is additional borrowing? Sometimes you may be able to borrow extra money from your
More informationBuy to Let Residential Properties
Buy to Let Residential Properties AWARDS 2015 Best Regional Building Society AWARD WINNERS for providing consistently competitive mortgages Be more than a number Buy to Let from the Cumberland we are here
More informationFirst Time Buyer Mortgage Information
First Time Buyer Mortgage Information If you re thinking about a Mortgage for your first home talk to us today A good time to talk to us? We re here to listen and help you whenever you need to talk to
More informationResidential Mortgage criteria as at 12 February 2015
Residential Mortgage criteria as at 12 February 2015 Personal Details Min Age: Max Age: Lending into retirement: Address history: Ex-Pat: First Time Buyer: Guarantor: Islamic Mortgages: Multiple Applicants:
More information21 Tax Saving Tips Tax & Accounts www.hfmtax.co.uk
21 Tax Saving Tips Tax & Accounts www.hfmtax.co.uk Everyone wants to save tax and, although there are complex tax savings schemes available, some tax savings are simple. You just need to take some care
More informationWANT TO MAKE YOUR HOME YOUR OWN?
WANT TO MAKE YOUR HOME YOUR OWN? 1 Your Right to to Buy Buy FOR COUNCIL AND HOUSING ASSOCIATION TENANTS CONTENTS 3 Why you might like to buy 4 Do you have the Right to Buy? 6 What discount could you get?
More informationHelp to Buy Buyers Guide
Help to Buy Buyers Guide Homes and Communities Agency http://www.homesandcommunities.co.uk/helptobuy Page 1 of 27 Key information Buyers using this scheme must provide security in the form of a second
More informationYour guide to YourChoice Open Market Home Purchase Equity Loan Scheme. Making your aspiration of homeownership a reality
Your guide to YourChoice Open Market Home Purchase Equity Loan Scheme Making your aspiration of homeownership a reality For eligible people living or working in the South Bucks District Council area Delivered
More informationBusiness plan template for your buy to let property(ies)
Business plan template for your buy to let property(ies) Whether you own one property or a hundred, a business plan will help you manage the risks and rewards of your buy to let investment. If you re able
More informationWANT TO MAKE YOUR HOME YOUR OWN?
WANT TO MAKE YOUR HOME YOUR OWN? July 2015 1 Your Right to to Buy Buy FOR COUNCIL AND HOUSING ASSOCIATION TENANTS CONTENTS 3 Why you might like to buy 4 Do you have the Right to Buy? 6 What discount could
More informationA clear, impartial guide to. Renting a property. Tenant Moving in Checklist. rics.org/usefulguides
A clear, impartial guide to Renting a property Tenant Moving in Checklist Contents 03 How an RICS member can help you rent a property 04 The process 05 Finding a property to rent 07 Role of the letting
More informationAre Putterills best prepared to let my property?
I would have no hesitation in recommending Putterills. They are very customer focused and their maintenance and accounts departments are first class. Mr A Are Putterills best prepared to let my property?
More informationTHE ARLA REVIEW & INDEX
THE ARLA REVIEW & INDEX for Residential Investment FOURTH Quarter 2014 Fourth Quarter 2014 Compared with three months ago, the average weighted rental return for houses is up from 5.0% to 5.1%, its second
More informationLET TING YOUR PROPERTY. www.langfordrussell.co.uk 1
LET TING YOUR PROPERTY www.langfordrussell.co.uk 1 03 05 07 08 11 13 15 WelCOME An introduction to Langford Russell Lettings CHOOSING AN AGENT How to get the best possible service UNDERSTAND THE PROCESS
More informationHave you heard about Open Market HomeBuy?
Have you heard about Open Market HomeBuy? A guide to buying a home on the open market using an equity loan Contents What is Open Market HomeBuy? 3 Who is eligible for the scheme? 4 How does Open Market
More informationThis is an excerpt from Lawpack s book 197 Landlord Tax Questions Answered. To get more tax-saving tips and landlord tax avoidance hints, click here.
This is an excerpt from Lawpack s book 197 Landlord Tax Questions Answered. To get more tax-saving tips and landlord tax avoidance hints, click here. Publisher Details This guide is published by Tax Portal
More informationWhat does it mean? A Glossary of terms. Home Ownership Fact Sheet. Housing Programs Department of Housing and Public Works
Home Ownership Fact Sheet What does it mean? A Glossary of terms There are many words that are specific to property buyers, sellers and lenders. This list is designed to explain some of these words which
More informationTERMS & CONDITIONS FULLY MANAGED SERVICE
TERMS & CONDITIONS FULLY MANAGED SERVICE For the purpose of this agreement the following definitions will apply:- Keywest Estate Agents Ltd shall be known as The Agent... shall be known as The Owner..
More informationYour first home. A guide to buying for the first time
Your first home A guide to buying for the first time 2 Your guide to getting it right You re planning on buying a place of your own at last. It will be your space and no one else s. It s an exciting thought.
More information11 Windsor End Beaconsfield Bucks HP9 2JJ Tel: 0845 222 11 77 Email:customer@whiteoakfinance.com
Buy to Let Investors Guide 11 Windsor End Beaconsfield Bucks HP9 2JJ Tel: 0845 222 11 77 Email:customer@whiteoakfinance.com On your side in Buy to Let Buying property to let as a long term investment or
More informationPolicy Response Buy to Let Tax Relief
Savills World Research Policy Response Buy to Let Tax Relief Autumn 215 savills.co.uk/research In his May budget the Chancellor announced a limit on mortgage interest relief for buy to let investors in
More informationYOUR ESSENTIAL RESIDENTIAL LETTINGS GUIDE
ESSENTIAL GUIDE YOUR ESSENTIAL RESIDENTIAL LETTINGS GUIDE Letting your property for the first time can be daunting. That s why with many years of property management experience behind us we can help you
More informationGuide for landlords. Experience a refreshing new style of estate agency
Guide for landlords Experience a refreshing new style of estate agency Buy your home quickly, smoothly and for the best price in just 10 simple steps Introduction In this guide, you ll find our top 10
More informationRemortgaging guide 1. Remortgaging guide. We re with you every step of the way
Remortgaging guide 1 Remortgaging guide We re with you every step of the way Remortgaging guide 2 With so many different mortgages out there to choose from, deciding which one is best for you can be a
More informationGuide to buying your first home. January 2015
Guide to buying your first home January 2015 Guide to buying your first home Buying a home is the largest purchase most people are likely to make and for first time buyers securing a mortgage for the first
More informationMortgage Term Glossary
Mortgage Term Glossary Advance - The mortgage Loan. Adverse Credit - This is the term used if the borrower has suffered a poor credit history. This could include previous mortgage or loan arrears, CCJ's
More informationHow To Sell Your Property To A Property Agent
Premier Make your next move with us... Information for Landlords Welcome! As Worcestershire s leading lettings and property management agency we believe in working closely with our landlords to offer support
More informationRELEASING CASH FROM YOUR HOME
RELEASING CASH FROM YOUR HOME As a recommended adviser for the Society of Later Life Advisers (SOLLA) we are frequently asked to advise on home income/equity release plans. These notes are designed to
More informationLETTING & PROPERTY MANAGEMENT
LETTING & PROPERTY MANAGEMENT A GUIDE TO OUR SERVICES 25 Carfax, Horsham West Sussex RH12 1EE Tel: 01403 252200 Fax: 01403 218062 E-mail: lettings@courtneygreen.co.uk Web site: www.courtneygreen.co.uk
More informationthe property outlet guide to landlord essentials Our Branches 52 Filton Road 302 Wells Road
the property outlet guide to landlord essentials Our Branches North Bristol South Bristol 52 Filton Road 302 Wells Road Horfield Knowle Bristol Bristol BS7 0PB BS4 2QG t: 0117 935 45 65 t: 0117 244 36
More informationYour retirement could have even more going for it
Your retirement could have even more going for it A straightforward guide to equity release For no obligation advice: call 0800 015 0993 www.justretirementsolutions.com Contents Imagine what you could
More informationMORTGAGES4REAL LIMITED
WELCOME TO MIKE ROGERSON.CO.UK ESTATE AGENTS SURVEYORS LETTINGS MANGEMENT MIKE ROGERSON MORTGAGES4REAL LIMITED We know that taking out a mortgage will probably be the biggest financial commitment you can
More informationYour Right. to Buy Your Home. A guide for Scottish Secure Tenants
Your Right to Buy Your Home A guide for Scottish Secure Tenants Your Right to Buy Your Home About this booklet This booklet is for Scottish secure tenants. If you are not a Scottish secure tenant, you
More informationTax guide for property investors
Tax guide for property investors Contents Introduction 01 Structure 01 Trading in property 02 Income tax on rental income 02 Furnished Holiday Lettings 05 Capital allowances on commercial property 06 Capital
More informationDoing what s right for you. Tax saving tips for landlords. A buy to let NEW EDITION 2012. tax guide
Doing what s right for you Tax saving tips for landlords A buy to let tax guide NEW EDITION 2012 Written by Taxwriter Ltd for Mortgage Advice Bureau 1 Attach business card here Contents Page Introduction
More informationA Revenue Guide to Rental Income
A Revenue Guide to Rental Income 1 Contents Introduction 2 What types of rental income are there? 2 What expenses can be claimed? 3 What is the position with regard to interest paid on borrowings? 4 What
More information2014/15. Year End. Tax Planning A GUIDE TO WITH CAREFUL TAX PLANNING, IT MAY BE POSSIBLE TO MITIGATE TAXES OR MAKE THEM MUCH MORE MANAGEABLE
FINANCIAL GUIDE A GUIDE TO 2014/15 Year End Tax Planning WITH CAREFUL TAX PLANNING, IT MAY BE POSSIBLE TO MITIGATE TAXES OR MAKE THEM MUCH MORE MANAGEABLE Atkinson White Partnership Regency House, 51 Coniscliffe
More informationlandlord brochure successfully letting in Surrey since 1997 patricia shepherd letting & management
landlord brochure successfully letting in Surrey since 1997 patricia shepherd letting & management 2about us a family business specialising in residential letting & property management We are a family
More informationNew Supply Shared Equity Scheme Information Brochure
New Supply Shared Equity Scheme Information Brochure New Supply Shared Equity The Scottish Government is committed to helping people on low to moderate incomes to become home owners where ownership is
More informationLandlords Tax relief for expenses
Landlords Tax relief for expenses What are rental expenses? When a landlord rents out a property, they can have a deduction from their profits for any expenses which were incurred wholly and exclusively
More informationexploring the options
Information caveat The content of this presentation is provided for illustrative purposes only and is not intended to be used for individual investment or financial planning and does not constitute personal
More informationGUIDE FOR LANDLORDS. www.whittakerandbiggs.co.uk
GUIDE FOR LANDLORDS www.whittakerandbiggs.co.uk Welcome to the Whittaker and Biggs handbook for landlords our comprehensive guide to the letting and management of your property. If you want the best tenant,
More informationlargeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904
largeequityrelease.com EQUITY RELEASE GUIDE Speak to one of our specialists today on 020 3824 0904 CONTENTS What is equity release?... 3 How much money could I raise through an equity release?... 4 What
More informationCommercial Property Investment Guide. Your guide to purchasing and managing a commercial investment property
Commercial Property Investment Guide Your guide to purchasing and managing a commercial investment property Contents Introduction 1 The benefits of commercial property investment 2 Why invest in property?
More informationBuy to Let Mini Guide
Buy to Let Mini Guide One major difference between investing in buy to let and putting your money in other financial investments is: no-one reports to you on how well your investment is performing or not.
More informationHow commercial products can help residential landlords. Speaker: David Weeds
How commercial products can help residential landlords Speaker: David Weeds The marketplace Commercial market Continued economic recovery Improved business confidence Increased demand for commercial property
More informationTop 5 questions landlords need to answer. Strategy & Tax guide for. New. Have I achieved the best rent for my property?
Strategy & Tax guide for New Landlords Top 5 questions landlords need to answer 1 2 3 4 5 Have I achieved the best rent for my property? Does my rental income cover my costs and liabilities? What are my
More informationLetting and Property Management
Letting and Property Management About Us A professional, Letting and Property Management service for non-resident and UK resident buy-to-let investor landlords. We provide flexible, innovative, and efficient
More information