Landlord Advice Category

Whether it is in business or in life, the ability to manage one’s finances is a key requirement on the path to financial success. Landlords can appreciate this fact more than most. Regular mortgage payments and numerous expected and unexpected costs necessitate that landlords be on top of their cashflow. As such, it is important to ensure that you are using the right products and services to manage your finances. This entails everything from picking the right accountant, through to accessing the best software and bank account. 

In this post, we will look at when it is beneficial to use a company to grow a property portfolio. 

HMRC have the power to “enquire” into any tax return from a company, a partnership, or an individual. They do not have to give a reason for the enquiry.  

Anyone in the property business may face an Enquiry – a certain number of random Enquiries are opened every year.  

Enquiries come in different forms:  

The thought of becoming a landlord can be overwhelming for some. Bringing many considerations and even more responsibilities. That said, it’s also a very exciting prospect – a monthly passive income, a diverse investment portfolio and more financial freedom. 

The Conservative government’s scheme to encourage 95% mortgages for first time buyers and those wishing to move became active on the 19^th of April. This will see the government guaranteeing loans on up to 95% of the value of properties worth up to £600,000. The aim is to provide lenders the security needed to offer such loans and hopefully mitigate the need for increasingly unaffordable deposits.