Inside Property Website


Buy To Let Loans Become Tougher

February 24, 2017

Big changes are afoot with buy to let lending that will make it increasingly difficult to get a loan.  If like me, you refinance several loans a year as discounted products come to an end, then you need to take a long hard look at the changes and start planning, particularly if you were hoping to raise more money.
Prudential Regulation Authority (PRA) rules governing buy to let lending came into effect on 1 January 2017.  Over the past 2 years most lenders have started stress testing applications at 125% rental coverage and a [...]


We Don’t Need Compulsory Three Year Tenancies

February 8, 2017

There was a rumour last week that the government were to propose the introduction of three year compulsory tenancy agreements in England in this week’s housing white paper. It then emerged that there would be no compulsion and the proposal was simply to promote longer tenancies in homes let by housing associations and institutional investors.  According to the white paper, finally released on 7 February 2017, the government “will consider” what more can be done for security of tenure for families in the rest of the Private Rented Sector while “encouraging continued investment”.  [...]


Tax Surcharge Going To Plan

January 28, 2017

The government’s stamp duty surcharge continues to be a fantastic cash cow for the treasury. Official figures show that it raked in £670m in the first six months since it was imposed on 1 April 2016 comparing very favourably with the projected tax take of £625m for the whole of the first year.  Such figures mean that it is highly unlikely to be repealed as it is providing more useful than expected amelioration of the national debt.
According to research by the UK’s largest estate agent, Countrywide, first time buyers are benefitting from the [...]


Managing Without A Letting Agent

December 4, 2016

According to NLA research, 57% of landlords use letting agents.  Of these 37% are regular users, 19% occasional users and 22% use full management.  So a big whopping 43% are choosing not to use agents and many will be taking advantage of the wide range of services out there now for this part of the lettings market.
There are many advantages to using a good ARLA or UKALA member letting agent.  If you have a full time job or family commitments or if you live a [...]


Stamp Duty & Letting Agent Fees

November 28, 2016

The latest data from the Office For Budget Responsibility (OBR) shows that stamp duty is really harming the housing market in London. Recent hikes brought in by George Osborne are reducing transactions and the result is that treasury receipts will be lower. The OBR predicts that the government will collect £66.6bn instead of £76.2bn in stamp duty over the next 5 years. Since the 2014 Autumn statement, residential sales over £925,000 have incurred stamp duty rates of 10% and over £1.5 million this rises to 12%. Residential deals over £1million are down by [...]