A growing number of property investors are realising that they can generate better returns by buying a run-down property and renovating it to achieve a higher re-sale price or retaining the property and benefitting from increased rental income. So, what are the options?
With the majority of their wealth tied up in property, therefore one question is can your executors sell your rental property if you were a landlord? This needs to address their own demise unless they want to leave their loved ones in a right financial pickle. I only discovered recently, following the sudden death of a relative, how cruel the UK taxation system is when someone dies.
Under the new pension rules, anyone with a birthday between December 6, 1953 and January 5, 1954 has seen their state pension age rise by up to three months, and their retirement date set at March 6, 2019.
A leasehold is when you own the right to live in a building but don't own the bricks or the ground it sits on. More than six million properties in England and Wales are leasehold, according to research. And just under 40% of new-build homes sold in the last two years have been leasehold.
Since 2012, 10 million eligible workers have been automatically signed up to workplace pensions. From April, their contribution will rise from 3% of their salary to 5%.