Blog

Section 24 BTL changes were announced in the Summer Budget of 2015. From 6th April 2017 the amount of Income Tax relief landlords could get on residential property finance costs was restricted to the basic rate of tax. According to recent figures this means that more than 8...

Property Renovations would like to wish a Happy New Year to all our clients and tenants! We return to action 9am on the 2nd January 2018 Our normal emergency service for our tenants will be in place throughout the festive period.

Last Wednesday we had the eagerly anticipated conservative budget 2017. With some reassuring news for the housing market, first time buyers and the North. Overall The recent budget has confirmed the government’s dedication to the Northern Powerhouse and deliver new property...

First BOE rate increase in over 10 years The BOE rate increase from 0.25% to 0.5% may seem small, but it marks the first rise in borrowing costs for a decade. Many mortgages will rise in cost, but savers will be looking forwards to slightly better returns. What does the increase...

What Is Serviced Accommodation? Serviced accommodation refers to fully furnished properties which are available for both short or long term let. This type of accommodation may also offer facilities similar to those offered by hotels. With the added bonus of private cooking...

Universal Credit Universal Credit is a single monthly payment that replaces the following benefits: Child Tax Credit Housing Benefit Income Support Income-based Jobseeker’s Allowance (JSA) Income-related Employment and Support Allowance (ESA) Working Tax Credit Many professional...

BTL Property With so many policies for housing regulation these days it can be difficult keeping upto date with the almost constant changes. Landlord obligation to BTL tax changes and new BTL lending restrictions being imposed next month. Keeping Upto Date Gas safety (annually)....

There are a number of BTL changes concerning property investors and landlords today in the current market. Tax Relief The biggest and more detrimental change is the increasing restrictions on the amount of tax relief claimable against mortgage costs which became active April...