: Archive - December 2016

landlords find

30,000 fine for landlords in 2017

With a long overdue crackdown on poor landlords that give a bad reputation to the ‘good guys’, probably the biggest fine we’ve seen so far is on the horizon.

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2017

New year, new higher rental income

New year is a time when people tend to take stock of personal, business and financial matters and it’s when many landlords review their portfolio, checking how well it has performed over the past 12 months

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There is no guarantee that it will be possible to arrange continuous letting of the property, nor that rental income will be sufficient to meet the cost of the mortgage.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances.

The fee is up to 1% but a typical fee is 0.3% of the amount borrowed.