Tax & Other Financial

According to figures produced by trade association, UK Finance, 8,980 buy-to-let mortgages had arrears that totalled over 2.5 per cent of the outstanding balance as of June 2023 - a rise of 28 per cent in comparison with the end of March. Almost half of landlords saw...

The government has updated the procedure for a landlord to request a direct deduction from a tenant’s benefits to pay for rent arrears and for it to be paid directly to the landlord.  It can be seen here. Landlords can also request direct rent payments if these have...

Finance Monthly has published an article under the sub head 'As a landlord, unexpected emergencies can arise at any time.' It can be seen here, and covers the main headings: Building an Emergency Fund Boiler Upgrades Refinancing Your Mortgage Cutting Non-Essential...

Writing in the Negotiator magazine, Adam Walker says, contrary to current headlines, the expected exodus of landlords may not necessarily be the outcome of the economic and regulatory strictures. The article can be seen here, stating 'Our government seems to be intent...

Landlords selling up will typically make around £10,500 less than they would have done had they sold in 2022, analysis suggests. So far this year, the average landlord in England and Wales has sold their buy-to-let for £94,800 more than they initially paid for the...

Parents with young children face tough new rules to get them back to work The Department for Work and Pensions has confirmed a tough new work crackdown on Universal Credit has begun. The new employment push is targeting 700,000 parents to look for a job or increase...

Under the heading 'Landlords get professional' Mortgage Strategy has published an article extolling the virtues of acquiring properties through limited companies. The article can be seen here.  NB: iHowz don't provide taxation or financial advice, and merely reprint...