Posted on

Mistoria Estate Agents expands with launch of new Bolton office

estate agents north west

Mistoria Estate Agents, part of the Mistoria Group, specialists in residential and student property sales and lettings, is opening their third office in the heart of Bolton to cater for the growing demand they see in the area. This will be Mistoria’s third estate agency office in the North West following on from their first two locations in Salford and Liverpool.

The new office located at 21a Market Street, Little Lever, Bolton, BL3 1HH will serve the residential property market as well as offering lettings for students and professionals. Mistoria have operated from their Headquarters in Salford since 2009 and expanded initially into Liverpool three years ago.

Mish Liyanage, Managing Director of The Mistoria Group comments: “We have had a great 12 months and are now expanding our business into Bolton as we see great opportunities there for a quality supplier. Our new team has been carefully selected for their local knowledge and they are raring to go.”

“Since we began operations in 2009 we have seen continuous growth and this expansion into Bolton will not be our last. With our expertise in the North West property market, we’ve been able to concentrate on providing the key services that landlords, tenants and those looking to buy and sell their property really want. We’re excited about the future of the region and the great opportunities there are for us.”

With an opening offer to sell your home for just £750 the Mistoria team are competing against both traditional “bricks and mortar” agents as well as the newer online companies. Mish commented further “We have invested heavily over the last few months in our technology platforms and will market our customer’s properties through the market leading property portals such as Rightmove and Zoopla as well as through our own websites and traditional channels.”

The Bolton branch will be holding an open day to celebrate their launch where homeowners looking to sell their property, those wishing to buy or rent a home, as well as landlords searching for a local agent can come along and meet the team. Full details will be announced soon.

The Mistoria Group are high yielding student buy-to-let investment specialists, offering HMOs and armchair investments in the North of UK, generating combined net cash yield up to 13% (Rental and Capital Growth). For more information on the firm’s current available investments and the services it offers, visit us at www.mistoriagroup.com or email at info@mistoriagroup.com or call 0800 500 3015.

Posted on

Landlord’s Guide

investment property salford

Being a landlord in 2018 isn’t the same as it was ten years ago, or even two years ago! With ever- changing buy-to-let legislation, whether you are an existing or first-time landlord, there are many recent changes that you need to be aware of.

2016 – Stamp Duty Land Tax (SDLT)

The raise in stamp duty implemented in April 2016 on buy-to-let properties and second homes is by far the biggest change to landlord regulation in recent years, and one you are no doubt already aware of. The rules on this are straightforward; if you are already a property owner (i.e. are currently paying or have finished paying a mortgage of a residential property in the UK), and you purchase an additional property, whether it be a second home or a buy-to-let investment, you are subject to a higher rate of stamp duty.

Property Value Property Value Standard rate SDLT New additional property rate SDLT
£0* – £125k 0% 3%
£125k – £250k 2% 5%
£250k – £925k 5% 8%
£925k – £1.5m 10% 13%
£1.5m+ 12% 15%


2017 – Tax changes

In addition to higher stamp duty, landlords should also be aware of changes to tax relief. The change only affects those paying a higher rate of tax, who will see a substantial drop in income from their investment property.

Previously, interest on your mortgage and other costs associated with buy-to-let property have been deducted from rental income before any tax is due. However, effective April 2017, landlords are only able to claim tax relief at the basic tax rate of 20%, meaning basic rate tax payers will be unaffected.

This is the one to look out for as the impact won’t be felt until you receive your 2019 tax bill, however it’s vital you evaluate your portfolio now to ensure your investment(s) remains profitable.

It’s also worth noting that this a reduction in tax liability as opposed to a reduction to taxable income. The new rates will be introduced gradually at 25% per year from April 2017, meaning it will be the 2020/21 tax year before they come into full effect.

Tax Year Percentage of finance costs deductible from rental income Percentage of basic rate tax reduction
2017/18 75% 25%
2018/19 50% 50%
2019/20 25% 75%
2020/21 0% 100%


2018 – Minimum Energy Efficiency Standards (MEES)

As of 1st April 2018 the MEES makes it unlawful to let out a property in the private rented sector with an Energy Performance Certificate (EPC) rating of F or G (unless exemptions apply). From this date landlords cannot renew or grant new tenancies on a residential property if it does not meet the MEES regulations.

Beyond April 2020, the continued private rental of all buildings failing to meet the minimum standard will be outlawed entirely.

Local councils will have the power to enforce compliance of the MEES, with penalties of up to £5,000, so it’s important landlords carry out the necessary remedial and maintenance work on their buy-to-let properties now to avoid prosecution.

For clarity, this information should be treated as a guide, and is in no way financial or legal advice. Should you require financial or tax assistance in relation to your buy-to-let property or position as a landlord, please speak to our partner company MMC Accountants Ltd.