Latest Property News - Homelets & Sales

Details: Published: 01 March 2023; Hits: 700

USE OUR EXPERT GUIDE TO CLAIM BACK EVERY COST YOU'RE ENTITLED TO

How many tax allowances do you think you can claim from owning a rental property? The truth might pleasantly surprise you.

Being a landlord is a business, but from our experience, not every landlord knows what they’re entitled to. As well as the obvious costs like mortgages and maintenance, there are many smaller expenses that can soon add up and make a real difference to your bottom line.

Believe it or not, HMRC wants you to claim and even accepts digital copies of receipts to make it easier. Simply take photos of your paper receipts and put them in a folder on your phone, then keep any digital receipts in an email folder. This streamlines the job of retrieving them later on.

So, just what can you claim? Well, there are five main areas of allowable expenses, and we cover them all in this week’s blog. We’ll guide you through everything you can claim so that, instead of leaving wasted money on the table, you keep more in your pocket.

Details: Published: 23 February 2023; Hits: 754

MID-TENANCY CHECKS, RENT REVIEWS, TAX TALK, AND GETTING YOUR PROPERTY BACK

Your tenants have moved in, you’ve protected their deposit, and the first month’s rent is in the bank. So what comes next?

Following on from Part One of our Landlord Lingo Buster, Part Two is all about effective management to keep everything running smoothly, legally and profitably.

Regular inspections, health & safety laws, claiming all your tax allowances and reviewing the performance of your investment are the foundations of being a successful landlord, while serving notice the right way is essential for getting your property back when you want to.

There’s a lot to get through, and whether you’re a landlord in Liverpool or elsewhere in the UK, our jargon buster is here to ramp up your knowledge and boost your confidence. So without further ado, let's dive in!

Details: Published: 13 February 2023; Hits: 856

INSTANTLY UNLOCK THE HIDDEN EXTRA VALUE BY SHINING A LIGHT ON ALL THE EXISTING FEATURES

Not every home sells for its full potential value, and that’s often because the finest features are either hidden or under-presented. But you can add many thousands to your sale price simply by showing off what’s already there.

Even though furniture and styling play their part, buyers are ultimately paying for the fabric of your home, and that’s how estate agents, mortgage lenders and surveyors will appraise the value of your property.

So it makes sound financial sense to make the most of what you’ve got by highlighting all the existing character and space. When you get it right, it’s a surefire way to wow your buyers, from stunning photography online to a fantastic viewing experience. And in this week’s blog, we’ll show you how.

Details: Published: 03 February 2023; Hits: 890

SET YOUR TENANCY UP THE RIGHT WAY AND KEEP YOUR PROPERTY LEGAL

Just like every industry, the lettings world has its own particular lingo to master, with plenty of phrases, abbreviations and rules to keep in your head.

From staying on the right side of the law to protecting your property and keeping your tenants safe, there's a lot to know as a landlord, and plenty of responsibility too! Even experienced landlords can lose track with ever-changing lettings laws.

So with that in mind, and whether you own a property to rent in Liverpool, or somewhere else in the UK, we’ve put together a two-part blog with all you need to know to bust lettings jargon. This week is about starting off on the right foot to set your tenancy up the right way and keep your property legal.

Details: Published: 24 January 2023; Hits: 710

OUR TOP TIPS TO BUILD A PORTFOLIO OF FIVE OR MORE BUY-TO-LETS

2022 saw the highest proportion of property sales to investors since 2016, with landlords accounting for 12.2% of the market. Surprised? Well, it's not so unbelievable when you look at what’s happening.

Interest rates have dropped since their spike after the mini-budget, with buy-to-let mortgages now available from 3.09%.
House prices have fallen back, giving landlords a much better shot at getting a great deal with an instantly higher yield.
Rents have risen sharply because of intense competition among tenants.

Many existing landlords are taking the opportunity to expand their portfolios again, and if you're reading this blog, you could be thinking that 2023 is the year you begin your buy-to-let journey. But where do you start?

Well, there’s plenty to learn, from raising the money to having the right people around you, avoiding classic mistakes and picking the perfect rental property. But don’t worry: we’re sharing everything you need right here to build a portfolio of your first five rental homes, and beyond!