Changes to HMO Rules, Landlords Take Note! Landlords letting on a shared accommodation basis take note! Changes to the HMO licencing laws are about to take effect. From 1st October any landlord letting a home to 5 or more tenants consisting of 2 or more households will need an HMO licence. This is a [...]
Stamp Duty - What A Rush! Stamp duty changes have resulted in thousands of prospective property purchases up and down the country being rushed through before the deadline of 31st March 2016. After this date you will pay 3% extra on top of every banding of stamp duty where you will own more than [...]
The Two Property Tax Stamp Duty Tax Changes for 2 or more properties. HM Treasury produced a report on the 28th December outlining plans for a higher stamp duty to be charged on second properties including holiday homes, pied-a-terre and buy to let. The extra charge is 3% on top of any current banding [...]
Buy to let Tax Changes Landlords are becoming increasingly worried about the changes to Buy to let tax on profits generated by buy to let properties. Many landlords don’t quite understand how these changes will work and how it will affect them. Fox Davidson look at the main changes and how it will affect [...]
Election 2015 - What Does It Mean For Property & Finance Well I don’t know about you but I for one am glad that the election is over with. It was nice to see lots of opinions being thrown about in work, at home and amongst friends down the pub but I am glad [...]
Welcome to the Fox Davidson quarterly housing and mortgage market report. We have gathered and interpreted data from various external sources as well as our own internal records of transactions for the previous quarter.
Do you know your brownfield sites from your greenfield sites? Read our latest blog on the housing shortage written by Sarah, she finally gets a chance to make use of that Geography degree!
On the downside we are seeing more and more lenders restrict lending to 4.5 x income. The whole point of the Mortgage Market Review was to do away with ‘draconian’ income multiples and to base lending on the affordability of a client. There are still lenders who don’t adhere to these rules so speak to a broker in the first instance.
Our guest blog is from Paul Hutchinson of Hutchinson Legal & Associates Limited, experts in Wills, Trusts and Tax planning. Any landlords with several properties will find Paul’s blog on Capital Gains and Inheritance Tax and the use of a Trust very useful.