Landlord Step By Step Guide

Step 1 – Accurate Valuation When choosing an agent to value your property, it’s important to consider the reputation and experience of the lettings agent, along with its fees.  Opting for a lettings agent with a strong reputation and years of relevant residential lettings experience appeals to tenants and provides them with peace of mind. …

EPC- Legal changes 6 things you need to know

Energy Performance Certificates are required when a property is: – built – sold – rented An EPC must be ordered before a property is let or sold.  An EPC contains: – information about a property’s energy use and typical energy costs – recommendations about how to reduce energy use and save money An EPC gives …

Electrical Safety Regulations & Landlords duties under the regulations

1/ Electrical Equipment (Safety) Regulations 2016 commencement The Electrical Equipment (Safety) Regulations 2016 commenced on 8th December 2016 and apply to any electrical equipment first placed on the market on or after commencement. Any electrical equipment first placed on the market before 8th December 2016 continues to be governed by The Electrical Equipment (Safety) Regulations …

Deposit Protection for Landlords

Government Guidelines for Deposit protection schemes and landlords 1/ Overview  You must place your tenants’ deposit in a tenancy deposit protection (TDP) scheme if you rent out your home on an assured shorthold tenancy that started after 6 April 2007. If you receive a valuable item as a deposit instead of money (for example a …

New HMO Regluations

The Licensing of Houses in Multiple Occupation Order 2018 Under the Housing Act 2004 some houses in multiple occupation (HMOs) fall into Mandatory Licensing. Mandatory Licensing is a scheme where the local authority has to administer this type of licensing. Landlords must apply for a licence if the scheme applies in their area. Since April …

Buy To Let Update

Buy-to-let and Changing Markets The Intermediary Mortgage Lenders Association reported on 6 February that buy-to-let investment has seen a reduction in mortgage lending of 80% from 2015 (£25 billion) to 2017 (£5 billion). The main reason for this fall is explained by the recent changes in tax and regulations. About 21% of landlords have indicated …

Landlords Response to Tax changes

Tax and regulatory changes are beginning to ‘bite’ It is expected that many landlords will sell part or all of their portfolios over the next few years. Tax increases, more stringent regulations, the cost of the tenant fee ban and trying to avoid the additional tax burdens are all reasons quoted. A decline in new …

Understanding Holiday Lets

The difference between Holidays Lets and Assured Shorthold Tenancies (AST’s) The term ‘holiday let’ is often used loosely, however this can be a dangerous mistake for landlords. All landlords are aware of the definition of an AST: –          The property is to be let to an individual(s) –          The property is to be used as …

Landlords GDPR applies to you – Find out more

What is the General Data Protection Regulation? The General Data Protection Regulation (GDPR) is a European Union (EU) wide set of standardised rules for the handling and storage of personal information within the EU. This will apply to anyone who is controlling the information of an EU citizen or processing it on their behalf, even …

Tenant Fee Ban

New Law means Landlords and Agents can no longer charge fees to new and existing tenants. From the 1st of June landlords and letting agents will be unable to charge new and existing tenants a fee for a tenancy. This means that landlords and letting agents cannot charge any money to a tenant in respect …