As you may have heard in the news the government released the Fairer Private Rented Sector White Paper on the 16th June 2022. This document outlines the changes to legislation that they intend to make to reform the Lettings industry. This has been expected for some years now, but we now have a better idea... View...
What is an ‘AIP’? An ‘AIP’ is an abbreviation for Agreement in Principle, sometimes called a Mortgage in Principle. It is the first step, and a simple way, to find out how much you can borrow from a lender to buy or remortgage a home, without a full credit check. Think of it as... View...
If your rental property has been financed for some time through the same lender, you may not be aware of the increasingly competitive mortgage rates which are available in the marketplace. Your Mortgage Shop is part of the David James group of companies and offers an independent approach with access to the whole of the mortgage... View...
Our last blog looked at five of the main positives for considering buy-to-let investment. However, becoming an investment Landlord isn’t for everyone and in this article we will look at some of the reasons against purchasing a property to rent out. Higher Deposits Although mortgage lenders are becoming more comfortable with buy-to-let mortgages and they... View...
Buy-to-let is back with a boom with increasing numbers of buy-to-let products being taken out by investors. The rental market is on the rise, meaning more investment opportunities for those already with a property portfolio, or those looking to start one. There are, however, some things you really need to consider when taking the risk... View...
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You usually pay Stamp Duty Land Tax (SDLT) on increasing portions of the property price when you buy residential property. SDLT only applies to properties over £250,000. There are three rates of stamp duty for residential property, with a standard rate for people who own one property, a surcharge for those who own multiple properties and a relief element for first time buyers.
For more information visit the .Gov website HERE
