Buy to Let: Tax probe to be launched on thousands of landlords?

iStock_000004583777XSmallIf reports in the national press are correct HMRC (Her Majesty’s Revenue & Customs) is about to launch a crackdown on ‘rogue’ buy to let landlords. A report in the Daily Mail, reveals that up to 900,000 buy to let investors and second homeowners could be investigated by HMRC. According to the report, there are an estimated 1.4 million landlords in the UK, but only around 500,000 have registered with HMRC, leading to concerns that millions of pounds are being lost in tax receipts. Tax on property income Income from buy to let ...

Guest blog: How can landlords maximise their return on investment

Guest blog City HomeIn his first guest blog for Investment Sense Tom Wills of City Home - a Leeds-based letting agent, looks at how landlords can improve their returns: The UK’s property market has strengthened in the past 12 months, and with the Bank of England hinting that interest rates will remain low for the foreseeable future, there is every chance that more people will be applying for mortgages. We’ve noticed an upturn in the number of would-be landlords looking for buy-to-let home loans in the last year and fully expect ...

First time buyers surges as more plan to leap onto the property ladder

ladder to the skyThe number of first time buyers jumping onto the property ladder has hit levels not seen since the peak of the last property boom. The latest figures from the Council of Mortgage Lenders (CML), show that the number of mortgages offered to first time buyers is up by 33% on the same time last year, whilst total lending to first timers is up a massive 48% on this time 12 months ago. The number of first ...