Own a home in the UK but don’t live here? New rules mean Capital Gains Tax will be due if the property is sold.

As of last month, new legislation means that if a landlord lives overseas, but owns a property that is rented out in the UK, Capital Gains Tax will now apply to the sale of that property. Previously, overseas landlords could sell residential property in the UK without incurring any charges, but as of the 6th April, any gains in the value of that property will incur the tax. The best strategy...[Read more...]

Pension reforms to give a boost to buy-to-let investment

Changes in UK pension laws could send ripples throughout the UK property industry, as a generation on the verge of retirement considers how they can best make use of their newfound financial freedom. The new legislation, which was announced by Chancellor George Osborne in December 2014 and is set to come into effect in April 2015, has been described as ‘Britain's biggest pension reform in decade...[Read more...]

Doing our bit to raise awareness and money for Dementia charity

As the summer months approach and the York rental property market continues to grow, here at Letters of Distinction we like to take time out from our busy working lives to focus on those less fortunate than ourselves and have some fun whilst raising vital charitable funds. Each year we choose a charity to support.  Last year it was Martin House Children’s Hospice in Clifton, and we raised £...[Read more...]

Finding A Flat In York

York is undoubtedly one of the most beautiful places to visit in the United Kingdom, if not the world. It is the rich history along with the haven of amazing tourist attractions that have left the eyes of many in splendor and the minds of thousands in awe. It is one of the perfect places to stay and enjoy your holiday whether it is with your family or you alone. It is also one of the best roma...[Read more...]

New Homes in York

This month we have been excited to hear about some new property development in York.   Plans have been unveiled for 249 new homes on land off Hull Road, as York's house-building boom gathers strength with Persimmon Homes developing the agricultural land across the road from B&Q.   The development of homes will range from one to four bedrooms and the scheme will include affo...[Read more...]

Ten year celebration

From humble beginnings in the front room of our family home, our business is now in its tenth year – and it’s thanks to our much valued clients that we can celebrate together. Having grown to become a team of 12 very friendly professionals, who are all based at our prominent offices on Holgate Road in York, we work just as hard now as we did at the very start to ensure that every landlord gets...[Read more...]

What the election results will mean for the York property market

Since the result of the general election in May, David Cameron has announced that there will be some changes to certain legislation within this next Parliament which will have an impact on the York rental and sales markets over the coming years. Prior to Election Day, the Labour party planned to make a number of changes to the private rental market, including a  guaranteed  three year tenancy...[Read more...]

On The Market, launched in January 2015, is a new, agent-owned property portal featuring hundreds of thousands of properties to buy or rent across the UK. With over 2,500 local and national agents signed up to the new service and growing, potential home seekers benefit from exclusive content, no advertising and a clean, uncluttered design supporting a quicker property search. Users of OnTh...[Read more...]