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12
Aug
2015

How a landlord can survive in 2021

  • Jason McClean
  • 468 Views
  • 1 Comment
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MY day job is to try and save people money on Property Insurance of all kinds via www.thepropertyinsurer.co.uk. After that, I am a private landlord with seven properties and I am still reeling from the Summer Budget 2015 and the changes it will make to my income and lifestyle in 2021. Basically I will be paying at least £2000 more…

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11
Aug
2015

All landlords will pay more tax under 2015 Summer Budget

  • Jason McClean
  • 460 Views
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I have spoken with HMRC to clarify my own position as a landlord. The new tax rules will push me into the higher earner 40% tax bracket and dramatically reduce my earnings from property. CURRENT POSITION I currently calculate my landlord income as below based on seven properties (approximate values): Revenue = £45,000 Expenses = (£12,000) Mortgage interest = (£26,000)…

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31
Jul
2015

Landlord tax relief cuts budget 2015

  • Jason McClean
  • 470 Views
  • 0 Comment
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  WHAT do the tax relief cuts on landlords in the recent summer budget 2015 mean for you? I spent yesterday with the knowledgeable chaps at Property 118 who are organising a petition and campaign to fight the cuts and have come away worried that most landlords do not understand the scope and scale of these tax relief cuts.  …

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17
Jul
2015

My take on the Summer Budget 2015 for Landlords

  • Jason McClean
  • 494 Views
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AS many of you may know, I am also a private landlord as well as The Property Insurer. The latest budget has got the landlord community up in arms about new tax proposals and removal of expenses and this is my take on what that means in reality.   First of all, the budget proposals are not law yet. There…

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16
Jul
2015

Making a claim on your Home Insurance

  • Jason McClean
  • 488 Views
  • 0 Comment
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THERE is no point having home insurance unless you are prepared to use it when needed. So if you suffer a theft, subsidence, flood or accident at home, you need to have confidence in your insurance and this is how to make a claim. Home insurance is normally buildings and contents insurance. That means it will protect the property and…

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15
Jul
2015

The summer budget 2015 and being a landlord

  • Jason McClean
  • 500 Views
  • 0 Comment
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THE first Conservative budget in the new Parliament has hit landlords where it hurts – on tax relief against the mortgages they use to buy properties. If you do not have a mortgage on your rental property then you will be unaffected. If you do have a mortgage and are a low-level taxpayer at 20%, then it will have no…

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04
Jul
2015

How to invest in let property successfully – Part 12 of 12

  • Jason McClean
  • 488 Views
  • 0 Comment
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What to do after you have a first investment property? SO you have taken the plunge and own an investment property. What do you do after you invest in let property? The answer will depend on your first experience and appetite that leaves with you.   For me it was simple. I could see how a let property would substitute…

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03
Jul
2015

How to invest in let property successfully – Part 11 of 12

  • Jason McClean
  • 495 Views
  • 0 Comment
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Your expectations and the reality of property investment   YOU may think to invest in let property is easy and you’ll be raking the cash in and living the millionaires dream? Some people actually do think that is the case, they ask: “You have how many properties? You must be rich.” The reality is quite a bit different, especially when…

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02
Jul
2015

How to invest in let property successfully – Part 10 of 12

  • Jason McClean
  • 492 Views
  • 0 Comment
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What landlord Insurance should you use?   LANDLORD INSURANCE is something that no landlord wants to buy but it is an absolute necessity. This is the insurance policy that protects the let property and all the money, time and effort that you have invested into it.   Landlords Insurance is buildings insurance to rebuild the property or repair it if…

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01
Jul
2015

How to invest in let property successfully – Part 9 of 12

  • Jason McClean
  • 522 Views
  • 0 Comment
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How to treat your tenants   HOW you treat your tenants is absolutely critical if you want to invest in let property successfully. Get this wrong and you’ll lose lots of money one way or another.   I always treat my tenants how I would want to be treated myself. It is a reasonable rule of thumb and has worked…

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