Imagine if your child was already financially independent by the age of 25. How proud would that make you feel?
With the UK’s massive housing shortage, rents are being pushed higher and higher. This means more private landlords are urgently needed, and buy-to-let is the ideal business to begin at a young age.
“Is buy-to-let still worth it?” Hardly a day goes by when someone doesn’t ask us that question.
For a lot of people, the answer is no. Changing lettings law and tax rules have caused many landlords to drop out and sell up, particularly if rent is their main or only source of income.
What’s your biggest fear about being a landlord? For many, it’s the prospect of getting locked in a lengthy dispute with their tenants while trying to keep their cool.
Having a letting agent who fills you with confidence is an essential part of being a landlord, whether you’re an old hand or just starting out.
Buy-to-let is undergoing a massive transformation right now. Poor-quality homes are getting squeezed out by tightening legislation, and short-term profiteering has fallen away through changing tax laws. As a result, many landlords have sold up.
If you’re considering investing in buy-to-let property in Fife, it’s important to understand the Fife property market and know what to look for in a potential investment.
Demand for rental homes rose by around 25% in 2022, and competition among tenants is hotter than ever as potential buyers wait and see what house prices will do.
Although rents are going through the roof, yields are getting higher, and there’s massive demand from tenants, many landlords are selling their rental homes. For some, it’s part of their long-term plan, but for others, it’s a reaction against changing rules and taxes.
How many tax allowances do you think you can claim from owning a rental property? The truth might pleasantly surprise you.
2022 saw the highest proportion of property sales to investors since 2016, with landlords accounting for 12.2% of the sales that year and 19% of the overall UK housing stock. Surprised? Well, it’s not so unbelievable when you look at what’s happening.
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c/o 9 Mitchell Street,
Leven,
KY8 4HJ
97 Bonnygate,
Cupar
KY15 4LG
9 Mitchell Street,
Leven,
KY8 4HJ
c/o 9 Mitchell Street,
Leven,
KY8 4HJ
c/o Bitwise Group
Crescent House, Carnegie Campus
Dunfermline KY11 8GR
c/o 97 Bonnygate,
Cupar,
KY15 4LG
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