One of the idiosyncrasies of George Osbourne’s assault on the Buy to Let market, is that Landlords who let their property using the traditional Assured Shorthand Tenancies lose out over Landlords letting on Airbnb. Why ?, because short lets are classed as a business and interest rate relief is still available on borrowings on properties where…Read More→
From 1st April, if you advent already heard, the effective rate of stamp duty on second homes/ buy to let properties will increase by 3%. That means if you’re buying a flat at a price of £1,500,000 you will be paying £138,750 instead of the current rate of £93,750. An increase of £45,000! This…Read More→
With four large landowners in the area of Mayfair\Marylebone it is not surprising that this area has quite a sizeable number of short lease properties. These can range from 80 years down to our most recent sales instruction which has only 11 years. Provided the lease was originally granted for more than 21 years and the present…Read More→
The budget delivered some up sides and downsides for Landlords here in Marylebone. On the one hand If you are a buy to let landlord with relief being cut to 20% but over a gradual timescale from 2017 not such good news but its not all bad because as so many properties in Marylebone are…Read More→
Wimbledon is upon us and with this heat wave were experiencing where better to see Andy Murray than on a big screen in Portman Square.
This is a great opportunity to buy a good sized 3 Bed flat opposite the Chiltern Firehouse, the trendiest hotel in the Marylebone village, Chiltern Street, London, W1. Kate Moss, Kylie, Lillie Allen and a whole procession of celebs have been beating the door down to this latest fashionista location.
Whilst siting here in Marylebone, sunny as it is at the moment, one can’t help imagining our fellow agents on the Costa del Sol, retiring at the end of the day to the beach for a swim, round of golf, tapas in the local bars. The £ to the € at 1.4 euros to £…Read More→