Property

Beware the SDLT Trap!

Purchase a second residential property and you pay a 3% Stamp Duty Land Tax surcharge. If this second property is for your own residence and you sell your current home within three years you can reclaim the surcharge. “Straightforward” you may think. In practice danger could be ahead.

Buy to-let Bashing

I’m often asked what it has been like to be operating on my own instead of under the national franchise umbrella which sheltered me for nearly 20 years. Well after five years of being completely independent I think the answer lies with the client response.

25 years on: nostalgia isn’t it what used to be

April 1991 was when I started out as a commercial finance broker. My first ever completion was a shop in Ashbourne financed by Royal Bank of Scotland, a bank with a lovely culture in those days. What was unusual is that most of my colleagues did not use high street clearing banks then: the favourites were finance houses, Allied Irish Finance, Barclays Mercantile, First National Bank and Woodchester…………remember them?

The Buy-to-Let Roller Coaster

What a ride 2015 has been for landlords owning residential investment property, or wanting to do so.

The Short Term Waltzer

Now the art of enjoying the Short Term Waltzer is to know how long your ride needs to be and to make sure you are ready to get off when you should. If you don’t plan your exit properly you can get quite sick!

The Commercial Lending Space Ship

There’s a steady queue for this ride. Now the economy appears to be steadily improving, business people are looking for lift-off.

Deal of the Month: Money in a hurry

An existing client came back trying to buy, in a hurry, a big mixed use commercial investment property with virtually no tenants in it.

Options, Options, Options…

Economic analysts report that the value of useful commercial property is about to rise and the Government has relaxed planning rules for change of use on many redundant buildings. Also, finance for commercial property is readily available but it is not the high street lenders who are providing most of it.

Who says you can’t have two Mortgages?

You may be surprised at how confused people can be about how much money they can borrow and what structure they should use. The scary thing is that much of this confusion comes from advice given by other professional firms, even bankers.