Now we’re diving into the juicy legal stuff—freehold vs. leasehold vs. flying freehold. It’s the kind of thing that makes most buyers’ eyes glaze over… until they realize it affects how much control they have over their home, how long they own it, and whether or not they’re allowed to have a cat! Let’s break […]
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It’s the classic “vintage charm vs. modern sparkle.” especially for buyers torn between that shiny new development and the creaky-but-character-filled classic. New builds might have that fresh-paint smell and the promise of low maintenance, but don’t count out older homes just yet. These seasoned beauties come with some serious perks—think less cookie-cutter, more character. If […]
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Routine inspections help to make sure your rental is fit for human habitation and free of hazards. If maintenance issues are spotted, they can be remedied quickly before defects cause further damage. Recording your findings is important as it creates a property condition record which can be shared with the contract holder. Rent Smart Wales […]
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Introduced on 1 April 2018, the Land Transaction Tax (LTT) is Wales’ answer to the former Stamp Duty Land Tax (SDLT) system. It applies to residential and non-residential property transactions throughout Wales and was designed to better reflect the local market and raise revenue for public services. This guide provides a clear breakdown of how […]
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Newport is Wales’s third-largest city and has a rich and diverse history and culture. It has a rich tapestry of history and architectural heritage and continues to see good yields for investors even during the current economical climate we are in. As of November 2024, the average house price in Wales was £219,000. This was […]
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Ensuring that heating systems are in top shape becomes a top priority for landlords. A recent article from WalesOnline, titled “ Boiler Expert Warns of Sounds You Should Never Ignore and What They Mean “, offers invaluable insights into boiler maintenance and the potential issues signalled by unusual sounds. Here, we summarise key points from the article and provide additional tips for landlords in Newport, Wales. Key Takeaways […]
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The outcomes of general elections can significantly impact various sectors, including the rental property market. For landlords in Wales, understanding the potential changes that may arise from a general election is crucial for navigating future challenges and opportunities. Here’s a comprehensive look: 1. Policy Shifts and Housing Legislation Changes in Housing Policies: Each political party […]
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As a responsible landlord, staying abreast of legal requirements is crucial to ensuring smooth operations and safeguarding your investment. With the evolving landscape of property legislation, it’s essential to understand the latest updates to stay compliant and protect your interests. Here are some key legal insights every Newport landlord should know in 2024: EPC RegulationsEnergy […]
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As a landlord, managing your finances effectively is crucial for long-term success. Here are some key financial planning tips to help you navigate the complexities of property ownership and ensure your investments thrive. Create a BudgetStart by outlining all your income sources and expenses related to your rental properties. This will give you a clear […]
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The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for tax purposes. In order to qualify as a furnished holiday letting, the following criteria need to be met: The property must be let on a commercial basis with a view to the realisation […]
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