Gatehouse estates

Tax breaks for UK Landlords

Tax Breaks for UK Landlords.

Landlords could be eligible for a maximum tax break of £1,500 per property against the cost of installing draught proofing, loft insulation, or insulation for hot water systems. The Government are keen to encourage all home owners, including landlords, to improve the energy rating of their properties.

Most landlords are unaware that they can make this tax deductable improvement to their rented property. Furthermore, it will improve the property’s energy rating when they have to conform to the new EPC ( Energy Performance Certificate ) scheme that comes into force in October 2008. By improving the energy performance rating, the landlord is simply improving their chances of letting sooner, and for more rent. Savvy tenants will want to see the energy rating of the property to rent, before they agree to let. With the cost of energy rising seemingly weekly, this will become a major decision maker.

This tax break is called LESA, Landlord’s Energy Saving Allowance. Talk to your financial advisor for more information, or if you are local to our offices in Godmanchester, or Bedford, call in. Contact us

More articles on letting property and EPC’s……

Get your own Currency Converter

Want your own currency converter so that your visitors can make their own currency conversion?The GLOBAL CURRENCY EXCHANGE NETWORK currency converter provides real time currency-to-currency conversion in the form of a popup tool that can be easily added and integrated into any existing website.

This will allow visitors to your site to make a currency conversion. It is possible to have it automatically convert prices shown on Read more

Currency Conversion

Currency conversion is often considered a ‘black art’ when really it’s very simple.
Most individuals consider using currency conversion when they are about to buy a property abroad, or maybe import a car, or looking to buy a different currency for their holidays.The most common way to perform a currency conversion is to use your own bank to make the conversion.

Think again! Most high street banks make a charge to transfer the money.
With our currency conversion service, the tranfer of the money is usually free!
Where the greatest difference occurs is when you Read more

How to buy Euros

currency conversion by professionals

currency conversion by professionals

How to buy Euros. If you live outside the ‘Euro zone’ and you need to buy Euros, there are various options available to you:

– Use your local Bank. You can walk in, buy euros at the published rate, and walk out. Or, for larger sums, you could request a transfer to be made after the bank has exchanged your currency to euros. Either way, this is likely to be an expensive option. Local banks tend to make large profits on the published rate of exchange, and, they charge to transfer the money for you!
– You could buy your euros from one of those kiosks you see at the airport. These are great if you have a relatively small amount of cash, but the exchange rate generally offered will give you less euros for your currency unit.
– The answer is to use a specialist currency exchange broker. They exchange so much currency, as it’s all they do. As a consequence, they buy money at a cheap rate and only make a very small margin on top.

If you are looking to buy euros, for anything such as buying a house, boat, car, then start by getting a quote from a currency dealer. It’s quick and you are likely to get many more euros on the currency exchange.
For advice on this 0044 (0)1480 458400

2008 – The Year UK Property Prices Plunged

At the start of 2008 UK prices started to fall, partly due to long term price increases that had become unsustainable, and partly due to the credit crunch. For many home owners this is the worst possible scenario, their mortgage costs are increasing (due to credit shortages) and house prices are falling. In short they are trapped, unable to ride a market downturn due to high mortgage costs, their only option is to sell.

But, selling in a falling market with shortage of mortgage funds for buyers is not easy. For some home owners this means they will end up defaulting on their mortgages and then get repossessed. And of course the repossessed properties will go on the market at a discount price, having the effect of pulling prices down further. For some people there is a way out of this dilemma, they can find a company that will get them a private investor who can achieve a quick house sale, often within a few weeks. In some cases these private investors will even allow the homeowner to sell then rent back their house.

So, what needs to happen to stop house prices plunging? In short it is market confidence, and a key factor to that will be the cost and availability of mortgages for both home owners and prospective buyers. As 2008 rolls out that facts will become clear, but hold tight for a very bumpy ride.

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