They say cash is king, but when it comes to investing in property, is it better to take a mortgage or to buy a home outright? Those investing in property to fund their retirement or to generate additional income have seen their returns squeezed in recent times...Read more
I want to top up my retirement income and heard equity release might be an option – is it safe, and what’s the best way to do it?
Question: My husband and I are retiring next year and we don’t think that between us, our pensions will provide us with enough income to keep up with our lifestyle. We don’t need a big top-up but we’re considering equity release as we paid off our mortgage several...Read more
Annual property MOTs and a database of rogue landlords – expert reveals his five-point wish-list for buy-to-let, but what changes would you make?
Industry expert outlines his ideal five-point manifesto for the buy-to-let market ARLA Propertymark’s David Cox wants reforms such as a property MOT If tenants want a better deal, landlords must be encouraged not to quit, he says Some tenants could be feeling...Read more
It’s cheaper than ever to fix your mortgage for 10 years or more as Brexit uncertainty fuels mortgage price cuts
Mortgage rates have rarely been cheaper but in the past couple of weeks the cost of longer-term fixed rates has dropped disproportionately – making the idea of fixing for 10 years or more look increasingly tempting. The cheapest two-year fixed rate currently...Read more
Shrewd students can save thousands of pounds and start a nest egg for their future by becoming a buy-to-let landlord at university. A new generation of “buy-for-uni” mortgages has hit the market, allowing young people to avoid expensive and often poor-quality rented...Read more
Could you stay ahead of rate rises by fixing your mortgage for 15 years? Virgin Money launches longest fixed-rate deal at just 2.55%
Virgin Money is offering homeowners the chance to lock into a mortgage rate of just 2.55% for 15 years, the longest fixed rate on offer. The rates are extremely competitive, prompting homeowners to consider fixing, but there are hefty penalty fees to pay if you need...Read more
Private residence relief to be cut from 18 months to 9 months from next year The changes could affect over half a million landlords when they come to sell Government is also scaling back lettings relief Accidental landlords could see their costs spiral by thousands of...Read more
Despite new measures to help first-time buyers, younger generations are still struggling to get on the housing ladder. The average home in England costs £230,000, around a third more than it did ten years ago. This means that to cover even a 5% deposit, buyers need...Read more
A new Housing Complaints Resolution Service will be established by the government with private landlords being legally compelled to join an existing housing redress scheme or be fined. The Housing Complaints Resolution Service will provide a single point of access to...Read more
On the same day that data from Nationwide showed that house prices across the country increased by only 0.5% during 2018, the Bank of England’s figures for November last year revealed that approvals had fallen from the previous month and from the same month in 2017....Read more
Changes to the income tax treatment of buy-to-let may have been announced some time ago, but the financial impact of these changes are only just starting to hit landlords in the pocket. With tax returns for 2017-2018 now being submitted ahead of the end of January...Read more
From 1 October 2018, any rental property occupied by five or more tenants as their only or main residence must be licensed if the tenants share kitchen or bathroom facilities. The property can occupy any number of floors. This follows a change in the law regarding...Read more