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HMRC information bulletin for non-resident landlords

11 March 2010 | Shimon Shaw

The non-resident landlords scheme is a good example of a trap for the unwary. Whenever a tenant pays rent to a landlord that is non-resident, or to a letting agent who then pays the rent to a non-resident...

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Administrators beware (but good news for landlords)

9 March 2010 | Mark Tempest

In Goldacre (Offices) Ltd v Nortel Networks UK Ltd (in administration) [2010] All ER (D) 54 (Jan), the respondent company held two long leases over properties of which the claimant was the landlord. During...

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Planning for the 50% rate of tax – buy to let investors

26 February 2010 | Shimon Shaw

The last decade saw the rise of the private buy to let landlord. Many of these properties are jointly owned by spouses or civil partners. Without proper tax advice, the rental income will default to...

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New model leases for shared ownership properties

8 February 2010 | Sarah Wilkins | 1 comment

A new model shared ownership lease aimed at creating more certainty for lenders and more clarity for purchasers of New Build HomeBuy property has been created by the Homes and Communities Agency (HCA). The...

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Treasury Consulation on Buy to Let

4 February 2010 | Shimon Shaw

As was reported in the press this morning, The Treasury has published a consultation called "Investment in the UK private rented sector". Otherwise known as buy to let. One of the key proposals is to...

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Mortgages – Power of sale and residential property consultation

29 December 2009 | Steven Mills Comments Off

The Ministry of Justice has today published a consultation paper on mortgages - power of sale and residential properties. It ends on 28 March 2010. The consultation was launched in response to the case...

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Pre Budget Report – what does it mean?

9 December 2009 | Shimon Shaw

Today’s PRB was fairly boring.  Unless you are a bank.  Or a banker.  Or a shareholder of a bank (which I suppose includes all of us). So let’s get the bankers out of the way before looking at...

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New case: Overriding interests

19 November 2009 | Steven Mills Comments Off

The question the court considered was whether the second defendant had an equity in relation to the property and, if so, whether the claimant’s charge took subject to that equity. The court held that...

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Mortgage review

19 November 2009 | Steven Mills Comments Off

The FSA has published proposals for the major reforms required in the UK mortgage market to ensure that it works better for consumers and is sustainable for all market participants. The proposals, published...

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