Real Estate news from the MKPLA in Milton Keynes
Another advert push for ECO3 and the installation of both gas lines (up to 23m) and new Worcester boilers. Is it REALLY worth doing given the total uncertainty and lack of direction as to where this is all going??? I have some tenants that may be within 23m of an... Read more
Published on: 2021-12-03
Source: Property118
By Readers Question
Minister for Housing, Christopher Pincher, spoke to the Lords recently about underoccupied property. He wants the properties to be used more efficiently. What happened In 2015 the Finance act penalised landlords and some sold up. There was a large Victorian house off Bedford Hill in Balham which was an HMO.... Read more
Published on: 2021-12-03
Source: Property118
By Readers Question
It’s a fact that more and more landlords over the age of 50 are choosing to sell or scale down their portfolios. either to retire or to change investment strategy to a less ‘hands on’ option, and it’s easy to understand why. The post Scale down a Property Portfolio and... Read more
Published on: 2021-12-03
Source: Property118
By david.coughlin@national-residential.co.uk
Chancellor, Rishi Sunak, commissioned a report from the Office of Tax Simplification (OTS) to look at ways of simplifying the collection of Capital Gains Tax and IHT. The OTS had recommended in the report that CGT be increased in line with income tax rates to 20% at the basic rate... Read more
Published on: 2021-12-02
Source: Property118
By Property118.com News Team
Market analysis by real estate debt advisory specialists, Sirius Property Finance, has revealed that the level of social housing being built not only hit a 13 year high prior to the outbreak of COVID-19 but social housing as a percentage of all homes built also hit its highest levels since... Read more
Published on: 2021-12-02
Source: Property118
By Property118.com News Team
The Shelter press release below is critical of the winding down of the evictions ban and living costs inflation: Since the Covid restrictions began to lift in June 2021, more than 1,000 callers a day have contacted Shelter’s emergency helpline in England The post 1,000 a day contact Shelter appeared... Read more
Published on: 2021-12-02
Source: Property118
By Property118.com News Team
Hi, Can anyone advise me, please? I use 6-month ASTs with monthly payments which would rollover to monthly periodic, but I’ve had some tenants offering 3 months rent in advance at the start of a 6 month shorthold tenancy. The post 3 months periodic after 3 months rent in advance?... Read more
Published on: 2021-12-02
Source: Property118
By Readers Question
Yes, I know this may be the most ridiculous question. But I ain’t Einstein even though I have 27,000 times more common sense than the Govt and Nottingham City Council. You only know the answer if someone tells you. The post If I put my houses in my tenants name... Read more
Published on: 2021-12-01
Source: Property118
By Mick Roberts
The Nationwide House Price Index for November is indicating that annual growth has recovered back to 10.0% and up 0.9% month-on-month with the average house price now standing at £252,687. Commenting on the figures, Robert Gardner, Nationwide’s Chief Economist The post Annual house price growth back into double digits but... Read more
Published on: 2021-12-01
Source: Property118
By Property118.com News Team
Like many we were attracted to the idea of property ownership, ‘another way of hedging’ was our MO, we could keep the property for 10 years and then sell make a few bob, pay some tax and all’s well that ends well. The post Time to cut and run? appeared... Read more
Published on: 2021-12-01
Source: Property118
By Readers Question
The NRLA has welcomed the Welsh Government’s announcement of a new £30 million funding pot as part of a plan to end homelessness. Local authorities are expected to be able to use this funding to support a nationwide private rented sector leasing scheme. The post NRLA welcome Welsh government plan... Read more
Published on: 2021-12-01
Source: Property118
By Property118.com News Team
As 2021 draws to a close, Belvoir’s pandemic report reveals the impact of the Coronavirus pandemic on the UK rental market. “Earlier this year Belvoir commissioned property expert Kate Faulkner to review data from the Belvoir rental index as well as quarterly surveys of offices during the pandemic and beyond.... Read more
Published on: 2021-11-30
Source: Property118
By Property118.com News Team
The Welsh Government will announce a new £30million funding pot over five years for local authorities. Under the Private Rented Sector Leasing Scheme, private property owners will be encouraged to lease their properties to local authorities in return for a rent guarantee and additional funding to improve the condition of their... Read more
Published on: 2021-11-30
Source: Property118
By Property118.com News Team
Lisa Nandy MP for Wigan has replaced Lucy Powell on Labours front bench after only being in the role since May as the new Shadow Secretary of State for the Department for Levelling Up, Housing and Communities. Lisa has had a tilt at the Labour leadership position and was previously... Read more
Published on: 2021-11-30
Source: Property118
By Property118.com News Team
Foreword below by Shona Robison MSP, Cabinet Secretary for Social Justice, Housing and Local Government. Click here to see full details of the consultation We are legislating to establish a short-term lets licensing scheme across Scotland. The post Short-term lets licensing scheme across Scotland to start 1st Oct 2022 appeared... Read more
Published on: 2021-11-29
Source: Property118
By Property118.com News Team
It would seem many landlords are selling up, ‘but’ is this where capital gains tax comes in? As an example:- I have read if a property rises in value to leave £300,000 after taking away purchase price exp’s etc. The post Is it worth it after CGT? appeared first on... Read more
Published on: 2021-11-29
Source: Property118
By Readers Question