What should you research before reaching a decision?
When you’re looking for a new home, there’s more to consider than just the property itself. The location and surrounding area could be just as significant to your enjoyment of living in the property, so there are a few things you should research before reaching a decision.
What could the capital gains tax review mean for you?
In July 2020, Chancellor Rishi Sunak ordered an urgent review of the system for taxing capital gains. There is an expectation that this may result in changes to the system, either later this year or early next year, leading to potential higher capital gains tax (CGT) bills for some people. If you’re a homeowner, we’ll explain what this might mean for you.
Understanding the costs of buying and selling investment properties
When buying or selling a second home (whether it’s one you use personally or one you rent out), the rules on the taxes you’ll pay are a little more complicated than buying or selling a home that’s your main residence. The two major differences to be aware of relate to capital gains tax (CGT) and stamp duty.
Quick tips to prepare your property for viewings
When you’re preparing your home for sale, it isn’t just the big things – like updating a kitchen – that can improve its prospects. Even some simple jobs that can be done on the day can leave viewers with a better impression and increase your chances of finding a buyer. Here are some of the quickest tips for staging a property.
How to borrow money against your home in later life
As you approach retirement, it tends to become more difficult to borrow money against a property, but there are still options available. These options include a retirement interest-only mortgage, which is available to applicants over the age of 55.
Which taxes must you pay and how are they calculated?
If you own a property in the UK that you rent out to tenants, you’ll need to pay tax on the money you make from doing so. While the tax rules aren’t overly complicated, there are several different taxes you’ll need to be aware of.