Amid a tough investment and pensions backdrop in the UK, the option of becoming a Buy-to-Let investor continues to appeal to many. However, if you’re considering turning over a new leaf and entering the world of BTL investment in the new year, there are a few details you should know.
Energy Performance Certificates (EPCs) were introduced in October 2008, and since then they have been an essential document for landlords and tenants.
If you are a landlord in England or Wales, you need to know about the Energy Performance Certificate (EPC). But what exactly is this, how do you get one and what happens if you don’t provide one when required? Here’s a guide to everything you need to know
After purchasing your buy-to-let property, there’s still the issue of turning that investment into profit.
Maybe you’re moving in with your other half, or maybe you can afford to get a new place without selling the old one. Whatever the reason, letting out your flat can be a great way to boost your income, but there are a few things worth knowing before you take the plunge and become a Landlord.
There’s an art to getting the most out of your rental property. On the one hand, you want to be maximising the amount of rent you’re getting, while on the other hand, you’ll want to minimise your expenses.
The restrictions on movement imposed last week were among the strictest ever seen in the UK, and unfortunately they were also quite vague. There has been a good deal of guidance issued, some of it conflicting, and landlords are understandably confused about how their maintenance obligations are affected.
In relation to domestic gas a Landlord is anyone who rents out a property that they own under a lease that is shorter than 7 years or under a licence (Gas Safety Regulations 1998)
What does Gas Safety Mean?
Gas Safety means that every appliance in rented accommodation must be checked by a registered and qualified engineer to ensure the appliance is safe for the Tenant to use.
The Ministry of Housing, Communities and Local Government (MHCLG) has recently admitted that updates to form 6A at the end of July were incorrect, and has rolled back the form available on Gov.uk to the previous version. But what was wrong with the form, how did it happen, and is there anything you need to do as a landlord?
New Government rules on Homes of Multiple Occupation, or HMOs, came into force on October 1st. They update the existing HMO licensing rules and mean that around an additional 160,000 rental properties could now require an HMO license.
With Valentine’s Day just around the corner, you may find that you can barely make it from one end of the high street to the other without coming across a large number of restaurants advertising their ‘special offers’ for the big day; most of which are thinly veiled excuses to hike up their normal prices under the guise of being romantic.
As a landlord you have a lot of responsibilities. Not only do you need to ensure all the relevant taxes on your property and rental income are paid, you must also provide accommodation that fulfils the (seemingly) growing list of requirements to ensure its fit for human habitation, at the number of tenants you allow.
The COVID-19 pandemic has affected landlords in various ways and to different degrees. Luckier landlords may have seen minimal effects, but others have had to deal with loss of income, delayed repossessions and logistical challenges related to social distancing and self-isolation. And possibly cockapoos.
The coronavirus pandemic has seen a lot of negotiation between landlords and tenants over rent payments. While a recent survey from the National Residential Landlords Association (NRLA) suggested that most tenants have continued to pay their rent in full since March, it also showed that a significant percentage of people have arranged rent holidays or reductions to mitigate the financial impact of lockdown.
During the last few weeks of lockdown, I’m sure yourself, amongst many other tenants are getting fed up at looking at the same four walls. You don’t own the property and therefore feel you’re not allowed to make any changes to the property.
Gah, there is nothing worse than a terrible flatmate. From unpaid bills, to toenail clippings all over the place, fridge thieves and bad body odour, who you live with can make a real impact.
Tenants should always read, review & sign an inventory renting a property from a Landlord or Agent. The inventory should be conducted before & after each tenant moves in/out of the property.
One of the most important things that a Landlord should do, outside of what is legally required, is to ensure a full inventory of the property is conducted before and after each tenant moves in/out of the property.
Increasing numbers of local authorities are introducing landlord licensing schemes. There’s no doubt that the schemes are costing landlords a great deal of money, but what are the benefits? Are they a good thing for the industry as a whole, or is it just another money-making scheme to swell council coffers?