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Green tax to be introduced to landlords
Hundreds of thousands of buy-to-let homeowners will incur a green tax that will cost up to £5,000, according to a report by the Telegraph. The money will go toward making their properties more energy efficient by paying upfront for measures including insulation,...
How to protect your property from tenant’s damage
Want to protect your property Birmingham landlords? UK landlords are subject to over £5bn in costs every year. That's because of tenants damaging their property and not paying rent. Damage is the most costly of the two with £4.5bn spent on repairs. Protect your...
Birmingham City council threatens against empty homes
Birmingham City homes - the council has threatened the owners of the growing number of empty and abandoned properties in the area. City council bosses have set up a £4.6 million fund to buy up properties that have been left derelict and unused to put them back on the...
Converting a house into flats
If you have lived in or owned a house for a long time, it can be hard to imagine the property as flats. However, conversions from houses to flats are growing in popularity because of the potential financial gains. For most, it is solely a business decision. If you are...
Buy-to-let landlords win giant legal battle
Thousands of buy-to-let landlords in the West Bromwich area are to share a multimillion-pound pay-out after winning a case against West Bromwich Building Society. What happened? The case began in 2013 when the building society decided to increase the monthly cost for...
Birmingham has the lowest tenancy turnover
Tenants spend an average of 18 months in a rented property before moving on new research has found. The research, carried out by insurer Direct Line for Business, analysed major cities in the UK. Results showed that Birmingham has the lowest tenancy turnover in...
How tenant subletting is becoming a threat for residential landlords
In recent months there has been a growing list of issues for landlords to face, including the introduction of changes to tax and stamp duty. However, it is becoming evident that another concern is looming in the form of Airbnb and other similar websites. Airbnb’s...
Student property investment hits new highs
The volume of investment in student property in the UK reached a record £5.1 billion in 2015, more than doubling the figure achieved in the previous year. The report, carried out by a property firm has found that investment in student property accounts for 7.12% of...
More inventory disputes falling in favour of landlords
For the first time since the beginning of the tenant deposit scheme in 2007, more UK landlords are being awarded the full disputed amount at adjudications than tenants, new research has found. The figures, which were found as part of the Tenant Deposit Scheme Annual...
UK landlords unaware of new mortgage legislation
Over half (55%) of buy to let mortgage applicants are unaware of the changes that are soon to impact mortgage law, new research has found. The research by Direct Line for Business stated overall 62 per cent were unaware of either the changes to mortgage tax relief or...