Top Ten Challenges Facing London Landlords

May 15, 2016

I spoke to many landlords at the recent Property Investor Show at Excel in London.  Here are what I think are the top ten challenges facing London landlords:
1.  Landlord Sentiment
NLA research has found that landlord confidence has fallen to a level lower than it was during the 2007/8 crash.  19% of landlords say they will sell a property in the next 12 months.  This is because of the tax changes brought in by the Chancellor in his last 3 budget statements. Mortgage Interest relief is going to be restricted to the basic rate [...]

Ten Reasons Not To Buy New Build

April 17, 2016

If you’re a first time landlord or an experienced investor, think long and hard before adding new build properties to your portfolio.  Here are some of the pitfalls:
1. Developers Premium
When you buy a new build property, a developer is making a substantial profit.  They will only have embarked on the project if they knew they could make a decent return and they will have set the price point accordingly.  You are paying for all of the marketing, the trouble that they have gone to building, designing and fitting out the property and developers [...]

A Landlord’s Guide To The Budget

March 19, 2016

The dust has settled on George Osborne’s budget, well at least most of it, the political fallout of Ian Duncan-Smith’s resignation, I suspect, has only just begun.   The chancellor says his government wants to “tax the things it wants to reduce, not the things it wants to encourage.”  Having increased stamp duty on purchases by landlords and reduced Capital Gains Tax for everybody except landlords, his position on those of us providing 19% of the UK’s housing stock is clear – we are not welcome.  Here’s a summary of all the changes and [...]

To Buy Or Not To Buy

March 16, 2016

Predictably the first quarter of this year is seeing a flurry of sales to landlords and investors before the 3% stamp duty surcharge comes into effect on 1 April.  Buy To let lending was up 22% year on year for the month of January 2016. Unless you’re a cash buyer with an expensive solicitor, you’ve left it too late now to complete before the deadline, realistically offers to buy had to be accepted by the end of January at the latest.  The big question now is what will happen to the market after [...]

Trump, Brexit & Little England

February 14, 2016

The world is looking a little gloomy to me at the moment.  Yesterday the Russian Prime Minister, Demitry Medvedev’s intransigence over the faltering Syrian ceasefire, left him warning that the world was “slipping into a new cold war.”  So we look to the USA to provide some kind of leadership and what do we see:  A real possibility of Donald Trump being elected as the next president.  It’s true there is a long way to go between now and the US elections in November, but I am struck by how Hilary Clinton is [...]