Vacatad’s Post

CMA finds that the planning system (and not land-banking) is to blame for slowing UK development. Our experts review the CMA's market study report into the housebuilding sector in England and Wales. Dive into the details here: https://lnkd.in/eEC9HDHR Connect with our experts Rob Camm, Marc Shrimpling, Julia Jolley and Jennie Graham #HousingMarket #UKCMA #CompetitionLaw #HouseBuilding

📢 Attention Property Investors & Landlords! 🏠 Is It Time to Act on the Renters Reform Bill? The UK's private rented sector is on the brink of major changes with the upcoming Renters Reform Bill. But with the legislation still under heavy scrutiny and not yet set in stone, should you take action now? Key Changes Proposed: End of Section 21 "No Fault" Evictions: Aiming for fairer eviction processes. Introduction of Rolling Periodic Tenancies: Moving away from fixed-term leases. Anti-Discrimination Measures: Ensuring fair treatment for all prospective tenants. Creation of a National Landlord Register: Boosting sector transparency. Why the "Wait and See" Approach? With the final outcome of the Bill still uncertain, 62% of property investors are choosing to watch developments closely while maintaining or expanding their rental portfolios. Despite potential changes, 55% say their long-term investment strategies remain unaffected. 📊 Poll: Do you support the proposed changes? [Yes] [No] [Unsure] 🔍 Stay Informed: Understand the implications for your properties and be prepared for any changes. Consult with legal and real estate experts to align your strategies with the upcoming regulations. 💬 We Want to Hear from You! What are your thoughts on the Renters Reform Bill? How are you preparing for the potential changes in the sector? Share your views in the comments! 👍 Like and Share this post to keep your network informed! #marvelsuccessworldwidelimited #property #propertyinvestment #realestate #UKPropertyDeals #AsianInvestorMarket #UKPropertyDeals #AsianInvestors #InvestmentOpportunities #BuildingTrust #RealEstate #GuideBook #SuccessStories 

Residential vs. Commercial Property Investment in the UK: Key Differences and What Investors Should Know 🏠🏢 For property investors in the UK, understanding the differences between residential and commercial investments is crucial for a solid strategy. Here’s a quick breakdown of what makes each unique, from leases to VAT implications, and the pros and cons of each. 1. VAT Applicability • Residential Properties: VAT usually isn’t charged on residential rent or sales. Exceptions can include new builds or specific development projects, but in general, residential is VAT-free and simple. • Commercial Properties: VAT often applies, particularly for new builds or when the landlord opts to tax. The upside? If you’ve “opted to tax,” you can reclaim VAT on property expenses—handy if you’re investing heavily in upgrades. 2. Lease Types • Residential: Most residential tenancies use Assured Shorthold Tenancies (ASTs), typically for 6-12 months, giving both parties flexibility. Once the fixed term ends, tenants can often continue on a rolling monthly basis. • Commercial: Commercial leases tend to be longer, ranging from 3-25 years, with terms like Full Repairing and Insuring (FRI) leases. In these cases, tenants cover maintenance, repairs, and insurance, which can mean fewer outgoings for landlords and predictable income. 3. Pros and Cons • Residential Properties Pros: Steady demand, especially in urban areas; straightforward finance options; resilient to economic shifts. Cons: Lower rental yields; more frequent tenant turnover and potential maintenance costs; tighter regulations around tenant rights and property standards. • Commercial Properties Pros: Long leases mean stable income and fewer voids; tenants often handle maintenance (FRI leases); potential for higher rental yields. Cons: Higher sensitivity to economic changes, which can impact businesses; potentially longer void periods if a tenant leaves; more complex VAT and financing considerations. Which One’s Right for You? If you’re looking for stability and potentially higher returns, commercial property may suit you—especially if you’re comfortable with a longer-term commitment. If you prefer flexibility and a steady demand base, residential might be the better option. Investing with insight into these differences can help you shape a more strategic portfolio. If you’re considering your next move in property investment, feel free to reach out—I’m always here to help. #PropertyInvestment #ResidentialVsCommercial #RealEstateFinance #InvestmentStrategy #PropertyPortfolio #UKPropertyMarket

Rising UK Property Rental Yields: What UK Landlords Need to Know in 2024! | UK Property Accountants 🚀 Good news for UK landlords and UK property investors! Rental yields are on the rise, and it is time to make the most of this opportunity. From HMOs offering an impressive 8.34% yield to steady returns on flats and terraced houses, the UK rental property market is buzzing. Want to know which areas and property types are performing the best? We have got you covered! 🌍 What is inside this video? ·        The latest UK rental property yield trends (2024) 📈 ·        Top locations for landlords to maximise their returns 🏘️ ·        Why older properties can outshine new builds 💡 Read our detailed news: https://lnkd.in/d8-awm59 💼 Looking to get ahead? At UK Property Accountants, we are here to help you navigate the UK property market with expert advice on tax, accounting, and compliance. Book your FREE 15-minute discovery call today and let us talk about how we can help you reach your property goals: https://lnkd.in/dva2iMhX #UKPropertyAccountants #UKPA #UKProperty #RentalYields #UKLandlords #PropertyInvestment #HMOInvestment #RentalIncome #PropertyMarket2024 #UKRealEstate #InvestmentTips #RealEstateTrends #BuyToLet #PropertyAccounting #InvestmentOpportunities #UKPropertyInvestment #RealEstateInvesting

Spring Budget Brings Business Rates Disappointment for Property Owners As announced in the Spring Budget, Government has extended the Empty Property Relief ‘reset period’ from six weeks to three months (thirteen weeks) from 1 April 2024. The government will also consult on a “General Anti-Avoidance Rule” for business rates in England and has published at Spring Budget a summary of responses to the Business Rates Avoidance and Evasion Consultation. Government has also introduced a 40% relief on gross business rates bills for eligible Film Studios in England until 2034. This is to promote investment in new studio space and ensure that the UK continues to be a world leader in producing film and high-end TV.  Studios will remain eligible for Improvement Relief. ForeView Ltd Comment: This announcement will undoubtedly be unwelcome news for commercial property owners who continue to be penalised on vacant property, which are often unlet due to market and economic conditions. It can be common for owners to be working up refurbishment and redevelopment plans whilst waiting on the Local Authority planning departments. This further disincentives owners to enter into short term and seasonal lettings (often to start up high street retailers) as a genuine means for reducing their void costs. Property owners received no Government support through the pandemic and in revising the legislation it is disappointing that Government hasn’t extended the empty relief period from 3 months when that isn’t reflective of typical void periods across the retail and office sectors. The timing of this announcement couldn’t be worse. The consultation closed for responses on 28th September 2023 yet Owners have been given less than 4 weeks notice before these legislative changes take effect, which is hugely disappointing. For us, genuine short term occupation is always our recommended action of last resort anyway where no other opportunities exist to completely remove a rates liability. This announcement increases the focus on that strategic advice around options to remove liability as opposed to repeated cycles of occupation. In some instances it will now make financial sense to accelerate a strip out programme and we can assist in modelling the financial for our clients. Please get in touch on any business rates issues. #springbudget2024 #businessrates #emptyrates #emptypropertyrelief #foreview #propertytax

📢 Leasehold Reform Update: Changes May Not Take Effect Until 2025/2026 🏠 Leasehold reform has been a hot topic in the UK housing market for years, but homeowners may need to wait until 2025/2026 to see the changes in action.  Despite the Leasehold and Freehold Reform Act becoming law recently, the new rules are not yet in force. Key Points: Historical Context: Calls for reform escalated after the ground rent scandal in 2017, where ground rent charges doubled in 10 years. Current Rules: The Leasehold Reform (Ground Rent) Act 2022 abolished ground rent on new leases over 21 years. New Reform Details: Ban on new leasehold houses. Easier lease extensions (990 years) and freehold purchases. Exclusion of ‘marriage value’ in lease extension costs. Standardized service charge formats. Easier access to redress for leaseholders. Transparent buildings insurance fees. Should You Buy a Leasehold Flat? Money Saving Expert suggests there’s no reason to avoid leasehold flats if the lease is "good" (e.g., over 80 years remaining). Benefits include managed upkeep of communal areas and freeholder-resolved disputes. What's Next? The full implementation of the new Act is expected post-2025/2026, pending further consultation and government priorities. For detailed insights and updates, read more here. Stay informed and plan ahead! 🏡🔍 #marvelsuccessworldwidelimited #property #propertyinvestment #realestate #UKPropertyDeals #AsianInvestorMarket #UKPropertyDeals #AsianInvestors #InvestmentOpportunities #BuildingTrust #RealEstate #GuideBook #SuccessStories 

What is a ground rent? If you own a leasehold property, you will be liable to pay various fees to the freeholder/managing agent. This includes ground rent Ground rent can often be confused with service charges, estate fees, maintenance fees or 'rents' in general. However, they are a stand alone charge which is most commonly raised once annually. Ground rent is a regular payment made to the freeholder of the leasehold property as a condition of the lease. Ground rent exclusively applies to leasehold properties. What is included in Ground Rent? Ground rent is simply the charge applied for renting the land on which the leasehold property sits. It does not cover the costs of any additional services that the freeholder might provide – these are covered under service charges How much is Ground Rent? In the UK, there are no set guidelines which dictate how much ground rent will cost for a leaseholder. Technically, freeholders could charge whatever they like for ground rent, though the annual fee is unlikely to exceed more than £500 (£1,000 for London properties). The average ground rent is likely to sit between £50 and £500 per annum – though this is not the case for anyone buying a new property on a long lease (21 years or more). Has ground rent been abolished? In response to concerns surrounding ground rent in the UK, the government introduced new laws surrounding certain leasehold practices. As of 30 June 2022, The Leasehold Reform (Ground Rent) Act 2022 banned ground rents for anyone buying NEW HOMES on long leases. This reform does not apply to existing leaseholders. They will continue to face ground rent charges while they own their property on a leasehold basis. This will remain the case unless you, as the leaseholder, purchase the freehold, or a share of the freehold, of the property. #groundrent #blockmanagement #residentialpropertymanagement

Kent’s property sector forecasts growth for year ahead 🏘️📈 Kent’s property and construction businesses remain optimistic despite the unsteady economic environment, with more than 86 per cent predicting growth in the coming year, a survey has revealed. Industry leaders from across Kent’s property sector gathered in Faversham last week for the annual Property Outlook event, co-hosted by law firm Brachers LLP, Caxtons Property Consultants, and accountancy firm Crowe UK. This year’s event explored the sector’s challenges and opportunities through speeches by industry experts, including Kieran Dent and Patrick Campbell of the Bank of England’s South East and East Anglia Agency. Every year, attendees are surveyed on a range of questions touching upon the economy and business confidence. Continue reading... https://lnkd.in/ep6yE6dc #property #growth #finance #funding #investing #forecast #kentnews #kenthour #businessnews #businessintelligence

Are you prepared for the Business Rates Review? UK businesses face further uncertainty as we move into the new year, with the upcoming revaluation of business rates in April 2023. As rates are based on property value, it pays to be prepared with a commercial property valuation. Having worked in the London property market for over 25 years, our Chartered Valuers have extensive experience in all types of commercial property. From industrial units, office buildings, shopping centres and more, our experts can provide a valuation that will help you prepare for the upcoming review. Speak to a member of our Commercial Valuation team on 0800 071 5517 or email admin@awh.co.uk Read our latest blog to help you decide your best course of action... https://lnkd.in/eV-mW3Wc #businessrates #businessratesreview #ratesreview #commercialproperty #propertyinvestment #londonpropertymarket

Are you prepared for the Business Rates Review? UK businesses face further uncertainty as we move into the new year, with the upcoming revaluation of business rates in April 2023. As rates are based on property value, it pays to be prepared with a commercial property valuation. Having worked in the London property market for over 25 years, our Chartered Valuers have extensive experience in all types of commercial property. From industrial units, office buildings, shopping centres and more, our experts can provide a valuation that will help you prepare for the upcoming review. Speak to a member of our Commercial Valuation team on 0800 071 5517 or email admin@awh.co.uk Read our latest blog to help you decide your best course of action... https://lnkd.in/eV-mW3Wc #businessrates #businessratesreview #ratesreview #commercialproperty #propertyinvestment #londonpropertymarket