buy to let
New stealth property tax changes came into force recently. From 5 July 2016 profits from selling UK property can be subject to income tax at up to 45%, rather than CGT (capital gains tax) at 18% or 28%. This change could affect Buy to Let investor landlords and people renting out their property. The increased…
The Bank of England is set to impose tougher borrowing standards on buy to let landlords. Announced on Tuesday 29 March 2016, the Prudential Regulation Authority’s (PRA) new draft proposals cover minimum standards that firms should meet when underwriting buy-to-let mortgage contracts – Underwriting standards for buy-to-let mortgage contracts. The new standards for buy-to-let landlords…
Owning a home is a keystone of wealth… both financial affluence and emotional security.
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