Buy to let

Harder to get a mortgage now

Harder to get a mortgage now

New rules that came into force at the end of April could make it harder to get a mortgage now. The changes have been brought in to prevent home owners taking on excessive loans and it means lenders will now look more closely at your finances. Before the financial crisis, banks were less strict about

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Understanding and calculating rental yield

Understanding and calculating rental yield

The buy to let market can be a really lucrative one, especially as demand has soared as more people are unable to make it onto the first rung of the property ladder. Understanding and calculating rental yield is important in making future decisions on your buy to let property purchase. Many people cannot afford to

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mortgage lending

New mortgage lending rules

The government has been tinkering with legislation again. This time in relation to new mortgage lending rules. It is a further attempt to prevent another wholesale collapse of the housing market, and simultaneously help homeowners make responsible decisions about debt. The new rules came into force on 26th April this year. Here is a simple

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Buying a listed building

A listed building is one that has been awarded special status due to its architectural or historical interest. A listed building is afforded certain protections from alterations that may cause the reason for its interest to be damaged in some way. The older a building is, the more likely it is to be listed. It

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tax liabilities as a landlord

What are your tax liabilities as a landlord?

Once you start renting out a property, you will be expected to start paying tax as you would with any other business. Each businesses tax is worked out slightly differently – and your tax liabilities as a landlord takes into consideration the annual rent and your expenses. What expenses can you claim? All businesses have expenses

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letting your house

Letting your house: Using a letting agent vs. DIY landlord

So, you’ve made the decision to enter the buy to let market or are letting your house. However, after buying a property and doing it up, you’ve still got one final big decision to make. Should you use a letting agent to let it out for you, or should you become a DIY landlord? Initially

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