State Pension Top-Up
We are celebrating our 3rd re-birthday on 1st July with a new look and a new website showcasing our complete range of services.
Take a look at www.calculateduk.com
Our Mortgage Brands Explained
The Calculated group of companies include two financial services brands which specialise in different sectors across the property finance market.
Calculated Financial Services Limited is our residential and buy to let mortgage brokerage.
Whether you are a new or existing homeowner, first time property investor, or portfolio landlord looking for your next residential investment property, our mortgage advisors are on hand to provide you with tailored advice to meet your requirements.
Calculated Commercial Limited is our property finance brokerage.
Assisting investors to secure funding for more complex residential investments, commercial property and short-term finance including bridging, refurbishment loans and development finance.
Our commercial mortgage advisors will work with you to understand and help achieve your property investment goals.
Our Broker Fees
Your initial mortgage consultation is always free of charge. Depending on the type of mortgage there may be a fee for our mortgage advice and arrangement service, which will be discussed and agreed before you make a mortgage application. A typical fee is
£195 and will never be more than £395.
The guidance contained within this article is subject to the UK regulatory regime and is
therefore primarily targeted at consumers based in the UK.
Your home may be repossessed if you do not keep up repayments on your mortgage
Mortgages Comment
Despite an uncertain property market at present, there are still some great property investment opportunities available. Many investors are considering more specialist properties to invest in.
- HMOs are always a high gross yielding asset which can provide a good level of net income even whilst rates are higher.
- MUFBs (Multi Unit Freehold Blocks of Flats) are also a popular investment. You can treat them as multiple single let flats but with the bonus of no ground rent or service charge as you own the whole building.
- Holiday Lets have seen a massive boom over the past 3 Years. If you can find a property in the right location, we have seen investors earn over double the standard rental income during high season.
- Commercial and Semi Commercial properties are also an interesting avenue to explore for those experienced landlords wanting to diversify their portfolio.
Key considerations for investors in the current market:
- Property is a long term investment, if the figures stack up now, they will only improve in time when rates fall again.
- Mortgage products are being withdrawn and updated more frequently than usual, so if you want to secure a rate, make sure you provide everything a broker requests as quickly as possible.
For our Business owners looking to purchase or refinance their trading premises, Calculated Commercial Limited is a member of the NACFB and therefore has access to the vast majority of Commercial Mortgage providers in the market, so get in touch and see how we can help your business achieve its goals.
We will support you through your investment journey
Declaration of Trust
If you own an investment property jointly with a spouse or civil partner, you
will be taxed on the income 50:50.
If however, one spouse is higher rate it may be beneficial to allocate the
income to the lower earning spouse. This can be done by a Declaration of
Trust.
A Declaration of Trust is a legally binding document and records the terms on which a beneficial interest in a property is held and any income or gains are split according to the Declaration of Trust rather than the legal ownership.
We can draw up your Declaration of Trust according to your requirements. Declaration of Trust £250 + VAT
State Pension Top-Up (Update)
On 12th June the government announced that Taxpayers now have until 5 April 2025 to fill gaps in their National Insurance record from April 2006 that may increase their State Pension – an extension of nearly 2 years.
Extending the voluntary National Insurance contributions deadline until 2025 means that people have more time to properly consider whether paying voluntary contributions is right for them and ensures no-one need miss out on the possibility of boosting their State Pension entitlements.
The original deadline was extended to 31 July 2023 earlier this year. Eligible taxpayers can find out how to:
- check their National Insurance record
- obtain a State Pension forecast
- use the online calculator to decide if making a voluntary National
- Insurance contribution is worthwhile for them and their pension
- make a payment
Check the www.gov.uk website for more information.
