The property market is a maze of expenses and tax bills complex enough to send even the most financially competent into hiding. From stamp duty land tax to capital gains and higher rate income tax, you won’t be making that sale without some form of calculator to hand. Indeed, these expenses demand careful strategic thought
A second home in the form of a buy-to-let property was once a sure-fire way to earn yourself a nice extra income or invest in a nest egg for retirement. However, the buy-to-let market has taken a hit in recent years thanks to changing tax regulations introduced to curb the number of buy-to-let landlords and
If you own a property that you rent to tenants, selling it might take a little extra effort. You need to take into account the people who are currently renting your property and decide whether to sell the property to another landlord or someone who wants to use it as their home. Luckily, things don’t
Deciding to move into a care home is a big decision that is rarely taken lightly. In addition to the emotional impact, there are also financial implications that need to be considered before making a firm decision on care arrangements. In the UK, care is either funded in whole or in part by the state
So, you’ve bought your first investment property, and you want to flip it quickly and easily. How do you make sure that you can get the maximum return on your investment even if you don’t have much money left over? What is house flipping? House flipping means buying a house, increasing its value and making
It’s a classic dilemma – and the right answer depends entirely on your finances, lifestyle, job security, and long-term plans. To give you a helping hand, we consider the key advantages of buying a home versus renting one below. Benefits of buying 1. You’re investing in an asset Mortgage payments allow you to build equity
Everyone knows the frustration of property viewings when selling your home: You shed blood, sweat and tears to make the house look immaculate, the prospective buyer looks around for five minutes and then you never hear from them again. It can take a number of viewings with the same result before you find your buyer.
Selling your home is a big step and it turns out that the timing of your sale can make a real difference. Over at property portal Rightmove, they’ve been crunching the numbers to see if there is an ideal time to sell your home. Whilst there may be some truth to the “post-Christmas rush” when
Capital gains tax is charged on the profit you make when selling an asset that has increased in value, such as a property. Many homeowners never pay capital gains tax on their main residence thought, thanks to private residence relief. However, capital gains tax can apply when you sell a property you’ve inherited. Inheritance tax
It may not be a legal requirement in the UK, but every conveyancer worth their salt will recommend a survey when you are buying a new home, even if the property appears to be in good condition. A survey can save you costly headaches later on, and any issues which are not a dealbreaker can
There are a number of reasons why you might decide to take your home off the market. They may be purely personal or related to the way an estate agent has managed your sale. You may even have had a change of heart about moving house. Whilst there can often be unforeseen circumstances that mean
The deeds – or ‘title deeds’ to give them their full name – are essentially the paperwork that proves ownership of a house or piece of land (or both, in the case of freehold properties). And yes, you can, in theory, sell or remortgage a house without the deeds. However, you must prove you own the property to do
