Funding is required for two elements: in basic terms, you have got to purchase a property which you intend to convert to a residential use normally. You therefore need to fund the purchase and the development. Together, the purchase and the development are collectively ‘the costs’ (along with professional, solicitors and legal fees). What we […]
In the last decade, buying properties at auction has surged in popularity as an alternative to the traditional property buying process. And it’s no surprise why. If you do it right, there is ample potential to grab a bargain and, as a result, turn a significant profit. Unlike going through a real estate agent, buying […]
Secretary of State for Housing Sajid Javid has called for new legislation to give tenants the right to take legal action against landlords who fail in their duty to provide safe rented homes. At present time, local authorities have already been granted powers enabling them to eradicate on the minority of landlords who rent out […]
Affordability is of course one of the basic requirements that a lender will assess on any buy-to-let mortgage application. The borrower will need to be able to demonstrate that they can afford to repay monthly mortgage payments in full, based on the amount of rental income they can generate from a property. As an extra […]
New regulations, tax changes,stamp duty surcharge, cap on mortgage interest relief & tighter lending for buy to let borrowers & portfolio landlords are changing the investing landscape. The informed and savvy investors who are clued up on their obligations and the new changes will continue to thrive & prosper while the amateur investors will get […]
How to buy a property at auction? There are few places as ripe for finding a profitable commercial or residential property bargain than at an auction. Auctions come with a massive list of advantages for property investors, such as the certainty of your purchase(s), the speed with which a purchase is put through, and the […]
Are you risking fines due to low energy efficiency? From April 2018, all rented homes will need a minimum energy efficiency grading of Band E or higher – or they will be prohibited from being let. It might not be the sexiest or most exciting of topics, but you really don’t want to get caught […]
Do you own property that you rent out, either as an investment or as a trade? Then you should look at incorporating as a limited company, as this can save you money! Recent changes in legislation have eaten into the bottom line profitability of renting out properties. The changes include additional SDLT, restriction of tax […]
We at Progressive Property love to trumpet about the incredible opportunities that property investment offers those brave enough to dive in, regardless of whether you are wealthy, and whether you are looking for extra cash, a more stable future, or to completely replace your career via passive income. We would always recommend that you start […]
Stamp Duty Land Tax (‘SDLT’) and its predecessor Stamp Duty have been with us for a long time as an additional tax burden on any purchase of property (whether as an investment, trade or for personal use). However, from 1 April 2016, anyone who already owns a residential property will pay additional SDLT on the […]
I recently had an enlightening conversation with Peter Jones, who is a successful chartered surveyor, author, and property teacher. The most properties Peter has completed in a single year is an impressive 35, and during his career he has bought 3 portfolios, two of which he flipped, and always reinvests. His 70 properties make him […]
Two members of the Progressive Property community recently told me that reading too many commercial property success stories can be demotivating. I can understand that – no one who is struggling and encountering more obstacles than achievements wants to read too many tales of success, because there are times when they are more likely to […]
