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Variable Rate Mortgages Causing BTL Profits To Plummet

Variable rate mortgages are becoming increasingly popular in the UK. However, as interest rates rise, so do mortgage payments. This increased cost is cutting into profits and, in some cases, causing investors to default on their loans. Some landlords have even seen their mortgage payments increase five times (and by over 20%) just this year! […]

Read more August 24th, 2022

Housing Shortage Causing Tenant Bidding Wars

Tenant bidding wars have become increasingly common as the number of homes available to rent has failed to keep pace with demand. This shortage of rental properties has led to landlords receiving multiple applications for every vacancy, and in some cases, tenants are even willing to pay above the asking price in order to secure […]

Read more August 23rd, 2022

Government Extends Leaseholder Protections To BTL Investors

The Government announced that it is extending leaseholder protections to buy-to-let investors to protect landlords with small portfolios from building safety costs. Buy-to-let landlords were originally excluded from the cladding relief funds, however, it has now been extended to leaseholders who own up to three properties. Landlords will also receive protection from safety costs on […]

Read more August 23rd, 2022

Landlords To Be Banned From Using BTL For Short Term Lets

The Government is considering banning second home owners from renting out their properties on short-term letting websites. The plans are being drawn up by ministers who are concerned about the growing number of people who are buying second homes as an investment and then renting them out on sites such as Airbnb. This change would […]

Read more August 22nd, 2022

Recruitment Challenges

Why is it so difficult to hire people at the moment? Workers quit or changed jobs in their thousands during the so called “great resignation” of 2021. Resignations reached record highs last year, but this isn’t because people left the labour force. Instead, they resigned in order to start new jobs at other companies or […]

Read more August 19th, 2022

300% Council Tax Increase For Second Homes In Wales

From next year, some owners of second homes in Wales could pay up to four times their current rate of council tax. Currently, councils can charge a council tax premium of up to 100% for second homes. However, the government has announced their plan to increase it to 300% from April 2023. The increase is […]

Read more August 18th, 2022

Inflation Is Creating More Entrepreneurs

A need for additional income is motivating people to start their own businesses. As UK inflation hits a 40-year high of over 9%, more and more people are starting their own businesses. New technology such as online payment systems, digital marketing tools and free online resources are helping to remove the traditional barriers in setting […]

Read more August 17th, 2022

Will Taxing Landlords At The Source Become The Norm?

Under a proposed new scheme aimed at reducing rental fraud, letting agents and property websites would collect and report tax on behalf of landlords. This proposal has been met with firm opposition by finance professionals and landlords. It has also raised many questions about data privacy and who would be liable in the case of […]

Read more August 16th, 2022

Effective Hybrid Meetings

The way we work has evolved but so too has the way we meet with colleagues or clients. A huge percentage of businesses have moved to agile working. People working from home at some point during the week has become the “new normal”. On any given day, some people will be in the office whilst […]

Read more August 15th, 2022

Stagflation

What is it and what could it mean for your business? Stagflation is a combination of stagnant output and rapidly rising prices. Stagflation has been in the press a lot lately as financial analysts fear the toxic cocktail of rising prices and slow economic growth. Post-pandemic supply chain bottlenecks, combined with rising energy prices and […]

Read more August 12th, 2022

Changing Behaviour

How do you drive behavioural change in your business? Businesses seeking to improve internally often focus on trying to transform day to day operations through the introduction of new processes, technology or equipment. While these new additions can lay the groundwork for change, they cannot drive operational transformation. The people who are responsible for the […]

Read more August 11th, 2022

Increased Interest In Green BTL Mortgages

As the world becomes increasingly focused on environmental sustainability, it’s no surprise that green initiatives are popping up in all sorts of industries. The mortgage industry is no exception, with lenders now offering green buy-to-let deals to encourage landlords to invest in energy-efficient properties. This is a win-win situation for both landlords and tenants, as […]

Read more August 10th, 2022

Beware “Rogue” R&D Consultants

In recent years HMRC have identified and successfully challenged a number of spurious claims for Research and Development (R&D) tax credit relief made by purported ‘R&D Consultants’. Many of these claims have been for projects that did not satisfy the criteria for the tax relief and some included overstated expenditure and consequently have been abusing […]

Read more August 9th, 2022

Attracting And Retaining Key Staff With Shares

In the increasingly competitive jobs market, it is important that employers are able to attract and retain talented people to help them grow their business. Within certain sectors, the opportunity to participate in the equity of the organisation that they work for is something that more employees are seeking and those employers that do not […]

Read more August 8th, 2022

Prime Minister Candidates And Tax Cuts

With the departure of Boris Johnson, the contenders as leader of the Conservative Party and Prime Minister (PM) have now been whittled down to the last two – Rishi Sunak and Liz Truss. Currently, it is scheduled for September 5th 2022 to find out who has won the top job. Whoever wins will need to […]

Read more August 5th, 2022