EWS1 Forms revisited
New guidance issued by RICS aimed at releasing leaseholders from the necessity of an EWS1 form comes into play from the 5th of April 2021. The hope is this will encourage mortgage lenders to lend to sellers or owners looking to remortgage without the need for a fire survey. So what
The winners and losers from the 2021 Budget
Corporation Tax From April 2023 Corporation tax will increase from 19% to 25% this will greatly affect Landlords with portfolios listed as Limited Companies. It is though still a cheaper alternative than paying 40% on profits in income tax if a higher earner. Plus you still benefit by offsetting mortgage interest
What’s in store for Buy-to-Let Landlords in 2021
The hangover from 2020 is dragging on but for UK Buy-to-Let Landlords, it feels personal. The attached guide is a breakdown of some of the things to expect and prepare for this year. Searching for silver linings? Gone are the days when you could deduct mortgage expenses from a rental income. 2021
If the Office of Tax Simplification gets its way, Landlords could be hit with a ‘taxing’ Capital Gains bill
In case you missed this, back in November The Office of Tax Simplification published a report ‘simplifying by design’ that outlined a number of recommendations to overhaul Capital Gains Tax. I’m baffled about where the simplifying features lie within this but I do see how if some of their suggestions are
The Stamp Duty Holiday, Villain or Saviour?
The Stamp Duty Holiday, Villain or Saviour? The stamp duty holiday extension debate will resume in Parliament on the 1st of Feb but has it been all good? Regardless of whether it ends on March the 31st or at a later date there will always be some kind of fall out. The
The 2021 Stamp Duty Holiday inspired property trend – Gazundering
If you have your property under offer with the intent of upping sticks and starting afresh this year please be aware of the latest craze, Gazundering. Like many crazes it isn’t new but it’s experiencing a resurgence with the looming stamp duty holiday coming to an end. Many buyers and sellers
Leasehold get a makeover
What? New legislation enables house and flat leaseholders the right to extend their leases by 990 years with a ground rent of zero. The system will be easier and cheaper than previous methods and eliminates the 'Marriage Value’ method for those looking to purchase the freehold of their property too. Why? Leaseholders previously
The Stamp Duty holiday is perceived as a discount but is this merely an illusion?
On July 8th of this year The Chancellor Rishi Sunak announced a Stamp Duty Holiday to boost Britains’ Housing market. The flood gates opened as many desperate for more space frantically trawled the portals in search of greener pastures. Three years of Brexit uncertainty had meant many buyers had held
Somewhere that’s green. City V Country
Potential buyers are trawling the internet in search of property that offers an extra bedroom, bathroom or garden for the same price as their current four walls, which they have spent the past 7 weeks critiquing. Post lockdown, if Savills and Rightmove are to be believed, we should brace ourselves for