Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
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Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
3d ago
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 of profits. Second homes or properties that are only let occasionally or to family and friends do not qualify.
The property must be located in the UK, or in a country within the EEA.
The property must be furnished. This means that there must be sufficient furniture provided for nor ..read more
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
2w ago
The Spring Budget of 2024 has introduced several pivotal changes that will significantly impact property investors and developers across the UK. From the abolition of tax relief on mortgage interest for furnished holiday lettings to the end of multiple dwellings relief (MDR) and adjustments to Capital Gains Tax (CGT), these measures are poised to reshape the landscape of property investment and development. Here’s a closer look at what these changes entail and their implications for the sector.
Abolition of Tax Relief on Mortgage Interest for Furnished Holiday Lettings
One of the most signific ..read more
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
2w ago
As we step into 2024, the property rental market presents an array of enticing opportunities for savvy landlords. Here’s why investing in rental properties this year is a strategic move:
Strategic Location and Connectivity
Newport’s geographical positioning is nothing short of strategic. Nestled between the bustling capital city of Cardiff and the gateway to England, Bristol, Newport enjoys the benefits of proximity to major urban centres without the premium price tag associated with these locations. This advantage is bolstered by exceptional transport links, including direct rail and road con ..read more
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
1M ago
In Newport, Wales, changes are coming to council tax for long-term empty properties and second homes. Here’s what you need to know:
What is a Council Tax Premium?
A council tax premium is an extra amount added to the standard council tax bill. Its goal is to:
Encourage the use of long-term empty homes for safe, secure, and affordable housing.
Support councils in providing more affordable housing and enhancing local communities.
Who Will Be Charged?
From April 2024, long-term empty properties will face a 100% council tax premium. Second homes will have the same premium from April 2025.
Definiti ..read more
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
1M ago
In the intricate world of property management, letting agents in Newport play a pivotal role akin to matchmakers, orchestrating unions between landlords and contract holders. Just as a matchmaker seeks compatibility and harmony in relationships, letting agents strive to create the perfect match between property owners and those seeking a place to call home. Let’s explore the art of matchmaking in the realm of Newport’s letting agents.
Understanding the PreferencesLike seasoned matchmakers, letting agents start by understanding the unique preferences of both landlords and contract holders. Land ..read more
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
1M ago
Nestled in the heart of South Wales, Newport is a hidden gem that has been capturing the hearts of residents and investors alike. With its blend of historical charm and modern conveniences, it’s no wonder why Newport properties are popular for the rental market . As professional letting agents, we’ve seen firsthand the growing affection for this vibrant community. But what elevates a simple property transaction into a love affair between landlords and contract holders? It’s all about speaking the right love language.
The Charm of Newport
Newport, with its scenic landscapes, close proximity to ..read more
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
2M ago
Elevate Your Property Portfolio and Maximise Rental Returns
As winter sets in, Newport landlords are presented with a unique opportunity to strategically plan and optimise their property portfolios. This guide unveils actionable tips for enhancing your rental properties, ensuring they align with market demands and maximising returns.
Winter Property Portfolio Review
Kickstart your strategic planning by conducting a thorough review of your property portfolio. Assess the performance of each property, considering factors like contract holder satisfaction, market demand, and overall condition. Thi ..read more
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
2M ago
As the colder months approach, ensuring your rental property is winter-ready is crucial for both contract holder satisfaction and the longevity of your investment. Conducting a quick but thorough health check can save you from potential issues down the line. Here’s a 5-minute guide to winter-proofing your property.
Exterior Inspection
Begin outside. Check for cracks in the walls, loose roof tiles, or any signs of water damage. Ensure that gutters are clear of leaves and debris, preventing potential leaks.
Heating Systems
A warm and cosy home is a happy home. Test the heating system to guarant ..read more
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
2M ago
Staying ahead of the curve is essential for landlords looking to maximise their property investments. Newport South Wales, is a region experiencing a surge in property interest. As we step into 2024, understanding the rental market trends in this area becomes pivotal for informed decision-making.
In this blog post, we’ll delve into the Top 5 Property Investment Trends in Newport, offering landlords actionable insights derived from the current rental market dynamics.
Rise of Suburban Living
In recent years, Newport has witnessed a notable shift in lifestyle preferences, with more residents opti ..read more
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
2M ago
As we stride into the promising realm of 2024, the world of property management in Newport, South Wales, UK, is brimming with opportunities for landlords. As a dedicated letting agent, it is our commitment to guide you through the pivotal goals that will not only safeguard your investments but elevate your property portfolio to new heights this year. In this exclusive guide, let’s delve into the top seven goals your properties should set in 2024, with actionable tips to guarantee a year of unprecedented success.
Optimise Rental Returns:
Your success begins with maximising rental income. In 20 ..read more