Buying a home

Buying A Home With A Mortgage

Buying a home is probably the largest purchase you will ever make and can seem over whelming and for many people it feels like they are learning another language. Understanding how interest rates work from variable to fixed terms, from repayments to interest only and how the term of the mortgage all reflects on the payments you will be committing too.

Paying your mortgage off faster

Did you know by paying a little more off your mortgage each month can bring down the term of your mortgage? Our mortgage calculator will be able to tell you how much your repayments will be based on how much you borrow and how long you wish to take the mortgage out for.

That is why we have put together a mortgage calculator for you to play with.

See for yourself by clicking through to our

Mortgage Calculator

MY JOURNEY ON SERVICE ACCOMMODATION SO FAR….

One of the feedbacks I regularly receive from my clients is that I walk the walk and don’t just talk the talk.

I am a landlord with a portfolio of properties, ranging from flats, houses and HMO’s and have been for nearly 30 years. This means I feel the joy and the pain of being a landlord, I have experienced the voids and learnt how to overcome them, I have had (along time ago) the bad tenants and learnt how to avoid them as well as the cheap contractors who turned out to what they were worth! Because of this I can pass on this huge experience and knowledge to my clients and they in turn benefit from receiving good quality tenants, good quality contractors at reasonable prices. I like to think our service isn’t just excellent but superior as well as very often going beyond the normal call of duty.

Read more “MY JOURNEY ON SERVICE ACCOMMODATION SO FAR….” →

HMO DEADLINE – 1ST OCTOBER

If you rent multiple rooms to 5 or more people, forming two or more households, then you need a license and the deadline to apply is 1^st October 2018.

Up and until now, landlords only required a license if you had five or more people AND over 3 or more floors. The new changes have taken the ‘AND’ out and you now require a license whether they are on one floor or more.

Read more “HMO DEADLINE – 1ST OCTOBER” →

Landlord Jailed For 12 Months

A landlord in Huddersfield has been jailed for 12 months in July 2018 in a trail that took 2 weeks.

Two boys aged three and two, sadly died in a rented house fire, which was started by a tv in the boy’s bedroom. Due to no smoke alarms being fitted at the property, they were not alerted in time to save the boys.

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Are You Thinking of Selling Your Lettings Agency Business?

This year has been one of the busiest years in a long time where I seem to be on a course nearly every other week, making sure we are always compliant, and our landlords are safe.

I must admit for the last 12 months I have felt a cloud over my head and wondering where is the industry is going? Being a landlord myself, I have felt the pain of the mortgage interest no longer being allowed to be deducted, the new HMO rules coming into force this October and the biggest one for me personally on the business side will be the Tenant Fee Ban coming in next year.

Read more “Are You Thinking of Selling Your Lettings Agency Business?” →

Is Your Property Protected Against Fraud?

Your property is probably the most valuable asset you own. That’s why it’s important you do whatever you can to protect it from the risk of fraud.

Property fraud happens in many ways, but typically a fraudster will impersonate a homeowner and forge documents to try to persuade Land Registry to transfer the title into their name. They then either sell the property or use the property to raise a mortgage from a bank – and disappear with the money.

Read more “Is Your Property Protected Against Fraud?” →

Mortgage Tax Relief and Property Health Check

We are now in year 2 (financial year 18/19) and we will be losing 50% mortgage relief as a tax-deductible expense.  Year 4 (20/21) will be 100%. However, many landlords will only just be realising how year 1 affected them with losing 25% and some landlords may not still know, if they have yet to submit their tax return.

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Have You Overpaid Stamp duty?

According to HMRC, 15,700 buyers overpaid stamp duty alone last year. Were you one of those?

If you own more than one property, a lot of people think they automatically will have to pay the extra 3%, however, this is not necessarily the case.

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Have You Had a Sale Fall Through?

A new research by Market Financial Solutions found that property purchases fall through more often than we think.

11.91 million of us have had an offer accepted over the last 10 years, this is 23% of the UK adults. However, 3.91 million of those offers accepted, fell through before the completion date. London had the highest at 61% and Scotland the lowest at 15%.

Read more “Have You Had a Sale Fall Through?” →