London

London

Autumn Budget 2017 | Items of interest for Private Landlords

23 November, 20170 Comments
Housing – Stamp duty abolished for first-time buyers on homes up to £300,000 – estimated 80% of first time buyers to benefit. – For first time buyers in London there will be no stamp duty on the first £300,000 of the purchase price. Longer tenancies – The government will consult on the barriers to landlords
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As HMRC clamp down on landlords, tax protection insurance demand increases

16 August, 20170 Comments
Newham council believe that HMRC may be losing £200m a year in London alone, after discovering that half of its landlords have failed to register for self – assessment. After the licensing process Newham found it had 50,000 private properties owned by 27,000 separate landlords, the council now understands that 13,000 have failed to register for self-assessment.
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Frustrated Landlords – Making Sure You Receive Rental Payments On Time

09 August, 20170 Comments
Ask yourself one simple question – why did you invest in buy-to-let property all those years ago? So you could make money. As a private landlord it’s vital to collect your rental payments on time because the knock on effects for you can be disastrous. Many landlords use the income generated on lettings to pay
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Moving Guide for Tenants

03 February, 20170 Comments
If you are new to lettings or property in general, there are a number of things that need to be completed before any sales or rentals can be agreed. If you are new to letting, then you may or may not be aware of this already. Typically, the most common areas that require action are
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Landlords: UK Property Tax Relief Changes and How to Get Prepared

21 November, 20160 Comments
In an effort to curb the current trend of rising rental prices, the British government have decided to make some changes to tax relief. The premise is that this would reduce the cost of renting or buying in areas such as London, and allow more people to be able to realise the dream of purchasing
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Landlord fined £162k after cramming 18 tenants into Millionaire’s Row slum

21 October, 20160 Comments
A rogue landlord has been fined £162,000 after 18 tenants were found living in a multi-million pound four-bedroom flat opposite Hyde Park in London. Charging an average of £800 a month in rent per tenant, landlord Abbas Rasul (64) was earning nearly £15,000 a month from the Kensington flat, with many of the tenants living
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Another Council abandons proposed landlord licensing scheme

09 September, 20160 Comments
This week another local authority has chosen not to introduce a new landlord licensing scheme, which would have accounted for around a third of the housing stock in the London borough of Wandsworth. According to London Property Licensing, Wandsworth Council was considering the introduction of a landlord licensing initiative but has now decided on more
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Rent arrears and Right to Rent checks causing huge stress to UK landlords

13 June, 20160 Comments
According to a new report, Right to Rent legislation is the number one stress for over a third of buy to let landlords. Conducted by an online letting agent, their study also reveals that only rent arrears and sorting out property repairs are voted as more stressful that the new immigration checks. Understandably those that
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The Times | Implications of not having Rent Guarantee Insurance

12 April, 20161 Comments
A Tenant Referencing UK landlord member has helpfully sent in this latest article from The Times: PORTFOLIO THERAPY: ‘My goal is to run a B&B in Majorca’. The reason the landlord sent this in is because of the advice that The Times ‘Experts’ have provided isn’t exactly the most proactive guidance. Best Practice for Landlords If The Price
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