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Insights - Landlords
Updated Advice for Landlords on Right to Rent Checks 2022
Right to Rent checks are set to face reforms at the start of the new tax year on 6th April 2022, with 5th April marking the end of the COVID-related temporary adjustments which allowed checks to be carried out virtually. From 6th April onwards, there will be a new permanent online solution which will allow right to rent checks to continue to be carried out remotely, for all nationalities, and with enhanced security.
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Surge in Rent Arrears Sparks Call for Landlords to Protect Their Investments
UK landlords are being prompted to make sure they have appropriate strategies in place to protect their property investments following a recent surge in rent arrear cases. With government data revealing that rent arrears amongst private tenants have increased, and almost two thirds of landlords reporting that they’ve had to absorb arrears-related losses from their savings, it is vital that some form of landlord rent arrears insurance is in place to mitigate future financial issues.
What the Delay to Making Tax Digital Means for Landlords
Originally due to be introduced in April 2023, HMRC Making Tax Digital for Income Tax has now been pushed back to April 2024. What this means for taxpayers and, in particular landlords, is the subject of this latest post.
Heat Source Pump Grants Coming Soon for Landlords
As confirmed in the recent Autumn 2021 Budget, landlords have been included in the government’s heat source pump grant scheme, which will provide access to grants of £5,000 to help replace gas boilers with low-carbon air or ground source heat pumps from April 2022.
Autumn Budget 2021: Landlord Update
The focus of today’s Autumn Budget and Spending Review was post-pandemic economic recovery. From grants to help landlords replace boilers, to a deadline extension for Capital Gains Tax, there are a number of announcements that look set to impact landlords and property investors.
New Evictions Paperwork Compulsory from 1 October
From 1 October, landlords and letting agents are required to use new forms when dealing with Section 8 and Section 21 Notices. It’s crucial that any notice deemed as served from this date uses the new court paperwork to evict a tenant, otherwise it will not be valid. Here’s how it all works.
Floods in Rental Properties: A Landlord’s Responsibilities
The Environment Agency says that there are over five million properties in England that face a risk of flooding. Landlords are right to worry over their responsibilities should a flood become a problem, especially if it leads to the property becoming uninhabitable. It is therefore useful to know what would be expected of you as a landlord in the event of a flood. Precisely what we are covering in this post.
A Landlord’s Guide to Protecting Tenants Against Legionnaire’s Disease
All landlords have legal responsibilities to ensure the health and safety of their tenants. Under these responsibilities, Legionnaire’s disease ranks as one of the most significant health concerns that must be considered when letting to tenants. Here’s why it’s vital to be aware of what Legionnaire’s disease is, why it is harmful, and how to check for and prevent it.
How to Use Price per Square Foot as a Property Investment Business Model
In the UK, the most common way to describe the size of a house is by number of bedrooms. In the USA and Europe however, the property’s internal area is the measurement of choice. The trouble with number of bedrooms is that it doesn’t really give a clear representation of property size. Here’s why property investment experts are suggesting that price per square foot is the best property investment business model when it comes to determining profitability.
An At-a-Glance Guide to Fair Wear and Tear for Landlords
Often misunderstood, fair wear and tear has long been an area of confusion both for landlords and tenants. The line between wear and tear and damage or neglect can be a fine one, but a lot rests on getting it right, because decisions made about charging for damage at the end of a tenancy depend upon it. This at-a-glance guide is designed to help you, as a landlord, understand precisely what fair wear and tear is, how it differs from damage and neglect, and how to minimise it during a tenancy.
