Sitting Tenants – A Dwindling Problem for Landlords
Sitting Tenant properties are in decline as tenants mature. Selling a property with a regulated (sitting) tenant still remains a problem. In the UK, there are 4.1 million are in rental accommodation, a very small percentage of these tenants are sitting tenant. A definition of a ‘Sitting Tenant’ is an individual who has a legal right to remain in a property for the rest of their lives. [...]
Selling Your Property in 2022
1. Get your facts straightThe more you know about the local area and properties in that area, the better. This will help you make informed decisions throughout the selling process. It's important to be honest with yourself about what the property is worth and where you're willing to compromise.2. MarketingKnow your market, who's most likely to buy your house, and how much they can afford. The internet has [...]
VAT When Selling a Commercial Property
1. Is there a general exception with VAT on Commercial Property. Commercial Property is a special case when it comes to VAT. The default position on the sale or lease of commercial property is that it will be exempt from VAT, but there are exceptions - for example where property owners have elected to pay VAT. 2. How do you notify HMRC of the requirement to charge [...]
Hoxa Head – A Military Acquisition
Orkney consists of 67 separate islands, the central administrative island being Kirkwood.The islands are home to a number of historic UNESCO World Heritage sites. These include Iron Age relics and Knap of Howar on Papa Westray and dates back to the Neolithic period.In 995AD the islands were originally besieged by the Norwegian King, Olaf Tryggvassal, but it was Thorfinn the Mighty ruled throughout the islands.Along with his brothers and [...]
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HMO Buying Strategy
‘Using HMO lists to find BMV deals’ that will show you; Why ‘HMO Landlords’ want to sell How ‘Accidental Landlords’ want out of property A Study of how many landlords want to sell next and why Where to get area lists of HMO’s How to find home addresses of HMO Landlords Letters to send them – We will even give you our ‘Power Letter’ that gets responses! How [...]
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February Purchase: Industrial Warehouse and Land
Industrial Warehouse and Land The property acquired was a warehouse in close to St Helens town centre. This commercial property is located within easy access to Manchester and Liverpool. The Industrial warehouse, previously used to house aquariums and pets, is 0.19 acres in total. The site also had 20 shipping containers in a secure yard. The rationale for buying is based on the need for more warehousing, which are [...]
Commercial Mortgage Rates for Buy to let Property 2017 to 2018
Evolution of the Buy-to-Let Market Buying property is a relatively new phenomenon in the UK Prior to 1990 rental residential or commercial properties were dominated by the Government bodies. The private rental sector only began to emerge once the Government changed its housing policy in the 1980's and mortgage lenders started to introduce specialist buy-to-let home loans. During the post-war period of 1945 to 1980, the UK [...]