What do you know about holding structures? Given the current economic turmoil, we’re all keen to make sure we’re not paying over the odds. It’s never made more sense to try to keep as much money firmly in our wallets as we can. This is true across the board, be it turkeys, telephone bills or …
What does a landlord need to know about allowable expenses and income tax? Landlords can reduce their income tax bills by claiming back certain expenses associated with letting out their properties. However, not all expenses are allowable – i.e. accepted by the tax office – so it’s important to understand what you can and can’t …
I’ve had anti-social behaviour complaints about my tenant, what should I do? Anti-social behaviour ranges from playing music too loudly and dumping rubbish on the street, all the way through to threatening, abusive and violent behaviour. Many people will encounter some form of anti-social behaviours at one time or another, but if the perpetrators are …
What is happening in the mortgage industry at the moment and why are landlords so worried? Due to the ongoing instability of the financial markets, the mortgage industry continues to experience unprecedented levels of uncertainty with interest rates still rising and many rates and products being pulled. Not knowing how much your monthly mortgage payments …
Dispute resolution: The simpler solution to tenant woes? Most problems are best dealt with early, before they escalate. Issues with tenants is no exception, with the average repossession process taking just shy of a year and costing about £3,000 (plus any lost rent, of course). So while some problems will only be solved by serving …
What do landlords need to know about Section 8 and Section 21? Sometimes landlords need their properties back for any number of reasons, from wanting to sell, to needing to move in themselves. There are two common routes to repossession – serving notices to tenants under Section 21, or under Section 8. The government has …
Whatever the reason for needing to end the tenancy, what is the best way to go about it? Landlords can need to end tenancies for a number of reasons, from disputes, damage to the property, or difficult tenant behaviour, to a change in their own circumstances that might necessitate the sale of the rental property. …
What are periodic tenancies? A periodic tenancy is the name given to a rolling tenancy that doesn’t have an end date, but instead operates over a certain period of time – usually month to month, though sometimes they can be quarterly or even weekly. Periodic tenancies often occur at the end of a fixed term …
When it comes to insurance, you need to have it to secure your mortgage and to protect your investment, but how can you make sure you’re getting the best deal? As a landlord, you’ll already know that you need to get Buildings Insurance before you can secure your Buy-to-Let mortgage. Mortgage providers insist on this …
Government proposals for the Private Rented Sector were set out in a white paper called A Fairer Private Rented Sector, but what are the next steps? The policy paper was published on 16th June 2022 and detailed the government’s plans to ‘fundamentally reform the private rented sector and level up housing quality in this country.’ …
