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3 Reasons Why Landlords Are Losing Confidence

1st December 2019

Recently, the National Landlord Association revealed that landlords’ confidence in the industry has reached its lowest level on record. It seems that all of the changes in laws and legislation over the past 12 months is taking its toll, and understandably, landlords are worried about the future of their businesses.

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Investing in rental property in Wolverhampton in 2019

7th November 2019

Buying property in Wolverhampton to rent over the last two decades seems to have gone full circle, as to what to buy and where, and again, there seems to be some great opportunities to be had, here in the midlands, let's explore where we have come from and where we are and how the buying opportunities have changed in that time...

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How to add £50k to the value of your house, in less than one week

4th November 2019

According to the Federation of Master Builders (FMB) and the Home Owners Alliance (HOA), you can enhance the value of your property by almost £50,000 simply by removing an internal wall to create an open plan kitchen and dining area.

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Private Residence Relief Changes

30th October 2019

Did you know that when you rent out all or part of your home a Capital Gains Tax (CGT) charge may apply when you sell the property? Currently, HMRC exclude the last 18 months of your ownership – even if the property is let for this time – when assessing any CGT liability. However, in a draft of the Finance Bill released earlier this year, HMRC have confirmed that this 18-month period will be reduced to 9 months from April 2020. Disabled property owners, or those in a care home, will continue to be exempt for 36 months.

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The house buying fees you'll also need to budget for.

27th September 2019

If you're thinking about buying a new home, you'll need to budget for more than just the deposit. It's a stressful time, saving! You work hard to put away savings each month and feel like celebrating when you have saved enough for that all important deposit. But don't get carried away too early, as there are other costs that you need to take into account! When you're working out your 'buying a house' budget, you also need to take account of the cost of buying, your mortgage fees and moving costs - on top of your deposit. It all adds up and can easily plunge you into debt if an unexpected bill hasn't been taken into account.

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Latest Changes To Private Residence Relief

30th August 2019

In July the Government confirmed its plans to change the way that Capital Gains Tax (CGT) is calculated for properties that are part or fully let.

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10 Pitfalls To Avoid When Selling Your Property

12th July 2019

Buying and selling a home can be a stressful process, so it's important you are aware of the pitfalls that can cause a sale (or rental) to fall though. If you address these early in the process your chances of the deal going through is much greater. According to the NAEA (National Association of Estate Agents) Propertymark, these are the factors that most commonly cause issues..

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Are more people renting in their home towns?

28th June 2019

There have been several reports recently suggesting that young people are opting to rent closer to where they grew up, rather than relocating to search out better job prospects. These same reports say that this is largely down to the steep rise in rent over the past 20 years – but how true are the claims, and what does it mean for landlords with properties in less affluent areas of the UK? 

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Wolverhampton Letting agents packs the room EVERY 3 months with landlords wanting to learn.

14th June 2019

On a wet cold and windy night on the 12th June, local Lettings Agents Concentric (incorporating Lawsons) which have been renting and managing properties in the Wolverhampton area for nearly 30 years, ran its second seminar of the year, with one intention in mind… Educating landlords.

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Landlords – Are you compliant with the latest Minimum Energy Efficiency Standards?

4th June 2019

There’s no getting away from the fact that there have been a lot of changes in legislation in the lettings industry over the past year, not least updates in the law surrounding energy efficiency. This has been quite a big one, because there is currently a huge buzz around the need for us all to be more aware of our environmental impact, from the materials we use every day, to how we reduce the amount of energy in our businesses and in our households.  So let’s take a look at what’s changed, and how we as landlords and agents need to look at energy efficiency within the properties that we rent out, along with the potential hurdles that might present. 

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