STAMP DUTY on a £275,000 buy-to-let property from 1st April 2016 At present, Investors pay no stamp duty on the first £125,000 on a buy-to-let property. Then 2% on BTL properties priced at £125,000 to £250,000 and 5% on BTL properties above £250,000 to £500,000, rates continue to step up above this. From 1st April 2016 Stamp Duty will … Read More
Tenancy Deposit Scheme
The Tenancy Deposit Scheme By law, Landlords need to register letting deposits with one of the three government backed deposit schemes within 30 days of receiving the money. The deposit schemes became compulsory in 2007 and act as a safety net for tenants. This process helps ensure deposits aren’t being withheld for unjust reasons. Once any deductions are … Read More