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With the recent changes that were implemented this year, the amount of income tax relief landlords can get on residential property, has been restricted to the basic rate of tax. This change is being phased in over the next 4 years, with the initial cut being 25% of the basic rate tax relief introduced in April 2017.
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As an experienced letting agent, we will always be happy to provide you with specific and detailed advice about any aspect relating to the letting of your property. We know there can be landmines with lettings, that’s why we make sure you avoid the common pitfalls.
We thought a blog about some things to consider before you select a tenant for your property would be invaluable. If you would like any clarification on these points, we would love to discuss this and help alleviate any concerns you might have.
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Norwich is earning something of a reputation as the place to go - for eating.
A wander round the city centre during the day or evening exemplifies the developing dining scene.
We've not got round to counting places to eat in Norwich yet as there's too many - but we're quietly confident that the figure sits in the hundreds, as the Visit Norwich website testifies.
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A week ago, at 10.05 pm, the nation was told that exit polls were predicting a hung parliament, but despite these polls generally proving accurate, we guess that you stayed up to watch the drama unfold?
Locally, Chloe Smith held Norwich North and Clive Lewis retained Norwich South, with no changes elsewhere - unlike Ipswich which returned two Labour MPs in place of the incumbent Conservative MPs.
What's interesting however is that the expected downturn from electioneering and the previous year's Brexit vote did little locally to dampen house buying and selling.
In fact, mortgage lending hit a historic high just a few months ago, according to the CML.
So what will a hung parliament, the triggering of Article 50 and the economic outlook mean for Norwich and Norfolk?