IN management Ltd

17/07/2020

This is the average stamp duty saving if you are buying a investment property.

However if you are moving you main residency and you have a additional property you will save a further 3% as the additional home or BTL stamp duty dose not apply either.

09/07/2020

grate news for buyers yesterday as the goverment annouce a stamp duty holiday untill march 31st 2021.
what this means is for the first 500k of your purchaes you pay no stamp duty for your MAIN home regardless of it you own a aditional home.
it will also benefit you if you are buying a additional property or BTL as you will only pay the additaional 3% and not the 2% on 125-250k or 5% on 250-500k.

19/06/2020

What is yield? and what is ROI(return on investment)?

Yield is where you divide the property rent per year by the price of the property.

ROI is where you divide the rent after expensive by the total money invested.

So yield would be calculated as follows.
500pcm rent is 6k per year,
100k property price,
6,000/100,000=0.06x100=6%

ROI is calculated as follows.
100k perches price,
500pcm rent is 6k per year,

Assume you get a mortgage 75% LTV at 3% interest only would be 75k mortgage, i.e 75k X 0.03=2,250pa

We would have management of 10% of rent, also maintenance of 10% of rent.

For ease we will use 4k for legal fees and stamp duty.
So total money in is 25k mortgage + 4k legals/SDLT.
25k+4k=29k total money invested.

Total rent is 6k-10%-10%-2250=2550per year.

2250/29k=0.0879x100=8.79%

So you have a 2.79% higher ROI the yield.

15/06/2020

UCL London university has pulled it's guarantor rent scheme for students renting privately after being left with a 800k debt.
This could be the start of many guarantor rent schemes for students being pulled making it harder for private HMO landlords.
Make sure you know your market and where it is heading and not just keep doing what you where because it worked before.

Rent strikes and students simply walking away from tenancies have left some establishments' guarantor schemes hugely expose, and many Universities are now withdrawing them.

09/06/2020

Will properties soon be using a passport system.
What do you think this will do and would you like to see it introduced. I think it will make it more expensive to get work done on the property as the workmen will have to register it and there is likely to be a change associated with this registration.
However I think it will get the rough landlords out of the sector and this will free up properties for us professional that want to have safe well maintained home for our tenants.

The government is to open up its Unique Property Reference Number to home owners and non-profit making organisations such as GasSafe and the EPC Register so that landlords and tenants can view all a property's information via one number.

07/06/2020

If you have not taken a mortgage payment holiday then don't take one.
Mortgage company see this to mean that you portfolio has high risk and will not want to lead to you due to the uncertainty in the housing market at the moment.

Landlords who have taken a payment holiday because tenants are unable to pay rent are finding they are being rejected for mortgages to buy new properties.

05/06/2020

BRAKING NEWS eviction extended to 31st August so hopefully you have good tenants in your properties.

After weeks of pressure from tenant campaigning groups to extend the evictions ban past 25th June, Robert Jenrick has now confirmed that tenants cannot be evicted until after August 25th.

04/06/2020

If you moved home since Jan 2017 you may still be able to claim back the extra stamp duty you paid if you did not sell you old home first.
Don't miss out keep up to data with the news and claim what's yours.

The government is relaxing the three-year rule for reclaiming the stamp duty surcharge. People who purchase new homes before selling their old home are subject to a 3% surcharge, which they can reclaim provided they sell the old property within three years. However, the lockdown caused by the corona...

04/06/2020

What do people think about landlord getting paid directly by the APA (i.e government) rather then the tenants getting paid and managing there own financial situation.
In general I believe that about half of people have no issues with managing there own financial situation however the other half of people on benefits are claiming benefits due to not being about to manage there finances and unfortunately I think the ones that cant manage there finances would also be the ones that don't want the landlords to get paid directly.

Let me know what you think below.

Despite praising the new online Alternative Payment Arrangements system, Secretary of State Thérèse Coffey has told MPs that she doesn't want to see a return to the days of directly-paid housing benefit.

02/06/2020

YESTERDAY was the day that the TENANT FEE BAN came in to full effect prohibited ‘advance fees’ that were charged before the fees ban and were carried through until now must be returned.
Permitted fees include the costs of replacing a lost key, charges for the early termination of a contract, utilities and council tax costs (if charged separately for), and fees for late payment of rent albeit only after the payment has been outstanding for 14 days or more.

PLEASE CHECK YOUR CONTRACTS.

02/06/2020

the key to keeping good tenants and making sure they dont miss payments even now with the covid-19 pandemic is to vet them yourself, dont increase rents just because the market allows it and make sure you look after the properties and treat them as youw ould with your own house.

Castle-inhabiting entrepreneur and 300-property landlord Emma Manners, the Duchess of Rutland, gives away some of her portfolio management secrets.

28/05/2020

As the county courts look like they are getting ready to start evictions and repossessions again the question is will it work remotly and it is a good idea.
https://www.landlordzone.co.uk/news/virtual-hearings-for-duty-possession-cases-are-not-workable?utm_source=newsletter&utm_medium=email&utm_campaign=LLZ_27_05&utm_campaign=LandlordZONE%20newsletter%2027%20May%202020%202&utm_source=emailCampaign&utm_content=&utm_medium=email