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Property News

Welcome to our blog! We regularly provide information about the property market and issues that will affect the value and / or return on investment you can expect for your property.

Coronavirus (COVID-19) update (23/03/20)

The health and safety of our colleagues, customers and community is our highest priority. In line with Government advice on social distancing, we are working from behind closed doors, but we continue to work on behalf of our customers either remotely, or from within the branch.

Coronavirus Update

As we all face the unprecedented situation with Coronavirus (COVID-19), it is more important than ever that we operate safely and responsibly.

What is an EPC and how do I read it?

Energy Performance Certificates (EPCs) were introduced in 2007 to give buyers a better understanding of the energy efficiency of a property they may wish to buy. The EPC is a legal  requirement if you are selling or renting a property and are valid for 10 years...

Categories

Landlord Rental Income Expenses

Landlord Rental Income Expenses

If you are a landlord or have a portfolio of properties, you can claim ‘wholly incurred’ expenses against your property income. Expenses must follow the standard HMRC guidance and the expenses must be exclusively for the purpose of renting out the property.

HMRC provide a number of examples of allowable expenses including:

If you buy a new vacuum cleaner for your own home, and also use it to clean your rental property between tenants, you can’t claim the cost of the vacuum cleaner as an expense against your rental income.

However, you could claim the cost of any cleaning products you bought specifically for cleaning the rental property.

Where costs are incurred partly for your rental business and partly for some other purpose you may be able to claim a proportion of that cost if that part can be separately identified as being incurred wholly and exclusively for the purposes of the property rental business.

Extending a home without having to submit a planning application

Extending a home without having to submit a planning application

Want to extend your home, or a property that you are planning to buy? Here’s how to do it without having to submit a planning application.

Permitted development rights enable homeowners to make certain building works on a property without planning permission from the local council and without approval from a neighbour.

New homes will have to be greener by 2025

New homes will have to be greener by 2025

That’s one of the key takeaway messages in the Chancellor’s Spring Statement this week. As the government introduces its Future Homes Standard, requiring that all new-build properties use low-carbon heating and become more energy efficient.

Other headlines included the expansion of the Affordable Homes Guarantee Scheme by up to £3 billion. Which will enable housing associations to build an extra 30,000 new homes through the scheme.

Why changing the colour of your front door, could help you sell more quickly!

Why changing the colour of your front door, could help you sell more quickly!

It’s long been understood that colour has the power to transform behaviour and shape the way that we perceive a wide variety of goods and services. Businesses spend millions in branding and marketing to encourage us to chose their brand above others.

In our homes, we also use colour to affect the mood and ambience of each room. With brands such as Dulux investing heavily in the branding of colours to reflect the style, heritage and personality that we want to portray.

How will Brexit affect the value of your home or rental property?

How will Brexit affect the value of your home or rental property?

Whether you voted to leave or stay, Brexit is beginning to take it’s toll on the UK housing market. Which ever way you look at it, we’re facing uncertain times; not helped by the fallout from the latest historic events at Westminster.

So, should you be concerned? And could Brexit affect your property investment plans? Let’s look at the statistics…

Getting ready for the January sales & lettings bonanza

Getting ready for the January sales & lettings bonanza

Historically, the Christmas and New Year holidays see record visits to sites such as Rightmove and Zoopla, with over 1.6m properties viewed online as people escape the Christmas turkey to think about their next move.

Understandably, many people are reluctant to sell or let their property until after the New Year. But, if you are thinking of moving, selling or letting a property in January, can you afford not to put your property in front of potential buyers at this important time of year?

Autumn Budget 2018

Autumn Budget 2018

In recent years, there have been a number of blockbuster announcements relating to property ownership and rental. These have ranged from cuts in stamp duty for first-time buyers (2017) to a ban on letting fees (2016). This latest budget, whilst lacking the big headline news, did have it’s fair share of significant housing-related measures.

Thinking of downsizing? What are your options?

Thinking of downsizing? What are your options?

There could be a host of reasons for you to consider downsizing. Your kids may have flown the nest, your garden may be too large, you may want to release some equity, reduce your monthly outgoings, or you are simply drawn to living in a smaller, more manageable property.

Downsizing isn’t just for retirement. It can be an important choice at any stage of your life, location, health or wealth. Whatever your reasons, whether you are a homeowner, a private tenant, living in a council or housing association accommodation, it’s important to review the options before making your decision.

10 simple steps to help you find your perfect rental property

10 simple steps to help you find your perfect rental property

Think hard a carefully about how much you want to spend. It’s easy to get carried away with that better and more attractive property, but don’t forget you also have bills to pay when you move in! You might also consider renting as a short term option whilst you’re saving a deposit. In which case, set you budget sensibly and you’ll have more available to save each month.

How to keep your home cool in a heatwave

How to keep your home cool in a heatwave

With temperatures continuing to soar and the outlook for this to remain throughout the Summer, it’s more important than ever to keep cool indoors. Take a look at our survival guide to keep your cool at home…

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