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Landlord AssistanceThe Buy-to-Let boom has created many landlords who hold properties and rent them out. The falling housing market has left many landlords and homeowners in a position where they are in negative equity or unable to find a buyer for their home. Being a landlord comes with large responsibilities, not just to the tenant, but the property maintenance and lender liabilities who have to be taken into account. Particularly with off-plan investment that we have seen in recent years many landlords are suffering negative cashflow, i.e. the rental income that is being generates is insufficient to cover the mortgage and associated property expenses. This situation can be both frustrating and unsustainable for the investor. Landlords can be left in a similar situation if the rental income they expected to generate from the property does not cover the mortgage or worse still does not attract a tenant at all. This is typical for the off-plan investor. One of the other problems that people do not tend to think about is the impact of taxes on the sale or transfer of property. Depending upon your personal situation, we may be able to buy a property or properties from you which will allow you to take full advantage of the taxable allowances available to you which could result in significant savings. We are able to advise and assist people who are faced with the above situation and in many cases, we can tailor-make a solution to fit your personal needs. We aim to remove the stress caused by property which causes a strain on your finances and free you from this burden. If you have a problem property, we can be of assistance to you so please contact us for a no-obligation initial discussion of your circumstances
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