A ‘hands off’ investment is where you own the property and receive rental income but do not take care of the day to day management. Instead, a ‘hands off’ landlord employs a lettings and management company to take care of finding a tenant, the lettings process, rent collections and maintenance issues in exchange for paying the letting agent a percentage of the monthly rent.
An investment whereby the landlord plays an active part in the day-to-day running of the property, from collecting rental income and liaising with the tenant, to conducting due maintenance on the property.
Help to Buy is a Government scheme encouraging first-time buyers which offers a range of measures to help people buy their first home, such as Equity Loans, Shared Ownership schemes and special ISAs where the government will contribute a certain percentage of however much money is put into it over the year. The government has recently pledged another £10bn of support for the scheme.
HMRC is a subsidiary of the UK Government responsible for tax collection, the payment of state support including pensions, and the administration of financial regulations.
A property is considered a House in Multiple Occupation if:
A hybrid pension scheme is one that offers members either a choice, or a mixture, of defined benefit and defined contribution rights at their retirement. If the scheme offers a choice, the benefit is calculated as the better of the two alternatives.
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