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House Price Crash Forum


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About kingstonexpat

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  1. Wondered about this recently, having had a brief look at what our (privately rented) house sold for in the past as my OH and I were discussing whether we'd buy it if our LL was selling. Turns out it was "sold" on the day we moved in last year for about half what it's worth on the market. LL has a handful of BTL properties as a retired not-exactly-amateur LL, living off the income from them. Wonder who actually owns our property now -- guess I'd have to pay the Land Registry fee to find out
  2. Yes it did strike me as not entirely legal or a good idea. Company is here, https://prestigiousstays.co.uk/home/
  3. First post, been lurking for some time. Saw this today on local FB group and my jaw dropped. How can this be legal? Hadn't seen this scheme before so thought I'd ask. He further comments in reply to a question: "Yes… due to the nature of my company and the way we manage property, our landlords can offset their monthly mortgage payments against their income. Since Section 24 came in to operation, landlords have not been able to offset their mortgage against their income. This means they are paying tax on their turnover - not their profit. We enable landlords to offset their mortgage again which vastly increases their profit."
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