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For many property investors, a significant benefit of buying a property at an auction is that it enables them to avoid the usual house buying chain. The result of bypassing this traditional route can be considerable time and cost savings.
Once you’ve found the perfect property, it’s time to find the perfect tenants. There are a number of ways to go about this – and it’s worth bearing in mind that taking the right approach now could save you a whole lot of stress later on.
With interest rates dropping even further, the income generated from savings accounts nowadays is next to nothing. So where do you turn if you’re looking to maximise return on your investments?
What is the ‘Tenant Tax’?
Section 24 of the Finance (No. 2) Act 2015 aims to remove a landlord’s ability to deduct from taxable income their finance costs related to residential property – it’s been dubbed the ‘Tenant Tax’. Instead, this relief will be replaced with a tax reduction, equivalent to the basic rate of income tax.
In the wake of the EU referendum, there’s been much speculation on the impact that Brexit will have on property investment. Will house prices rise or fall? What will be the effect on mortgage rates?
The referendum is just around the corner, and millions of words have been exchanged on the subject – yet most of us are still baffled by the arguments from both sides.
Wondering how to kick start your career in property? Despite recent changes that have affected the buy-to-let market, property investment is still an attractive proposition, especially in these times of low interest rates.
With new legislation requiring an additional 3% stamp duty from those buying a second property after 1st April 2016, it’s no wonder there was a surge as investors rushed to beat the deadline.
A common reason for a property deal to stall or to move forward sluggishly is because someone hasn’t done their homework.
It may be simple to make advantageous connections, but turning those contacts into truly beneficial relationships takes time.