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A Guide to Property Tax for Landlords
Most people purchase a buy-to-let property because they want to make an investment. While the return is likely to be good, either through the money you make in rent or when you sell the property later, it’s important to know that you will need to pay tax at every stage of your investment: when you… Read more
5 Things To Know Before Purchasing a Buy-To-Let Property
The past decade has been rough for most sectors. But despite an EU exit, soaring inflation, and a pandemic, the UK’s Buy-To-Let market continues to endure. The sector has grown by £215 billion over the past five years. Its total value now stands at £1.7 trillion. Even with new Stamp Duty surcharges and decreased tax… Read more
8 Ways to Keep Your Rental Property Costs Down
Letting property can be a very lucrative business. Landlords in the UK earn £15,000 on average. However, that’s before taxes and operating costs. Expenses from major repairs and sudden void periods can also cleave into your profit. Maximising the income you take home from your rental property requires a bit of digging and meticulous planning.… Read more
8 Property Management Tips to the First Time HMO Landlord
Houses of Multiple Occupancy (HMOs) can be a lucrative source of income, and buy-to-let landlords can earn three times as much money letting out separate rooms in a shared house compared to letting a whole property to one family. However, HMOs are heavily regulated compared to other types of rental properties and failing to comply… Read more
Five Fire Safety Regulations Every Residential Landlord Should Know
A fire in the home is a devastating event that can happen surprisingly easily. House fires claim the lives of over 200 people in the UK every year, with the majority of these fatalities taking place between 10pm and 6pm, when people are asleep. During sleep, your sense of smell decreases to being almost non-existent,… Read more
How To Deal With Difficult Tenants
In most cases tenants of a rental property will be responsible and sensible, and treat your property with respect. Unfortunately there will always be some exceptions to the rule, who create difficulty and stress for you as a landlord. Here are some of the issues that might arise with difficult tenants, and how they should… Read more
Why Is Fire Safety Stricter for HMOs?
A House in Multiple Occupation (HMO) is a property that has three or more people living there, who form more than one household and who share a toilet, kitchen or bathroom facilities with other tenants. HMOs already have stricter fire safety rules than other rented properties and the UK government is looking at making them… Read more
Your Complete Guide to Fire Doors
If you rent out a property, or multiple properties, fire safety is incredibly important. Landlords are legally obliged to provide safe accommodation for their tenants, so it’s vital that your doors comply with fire safety rules. In this article we’ll take a closer look at what fire doors are, how they keep people safe and… Read more
Fully Managed Letting Service vs Let-Only Service: Which One Should You Choose?
There are many different types of landlords out there. Some people want to invest in property as a business and decide on a hands-on approach. Others want to build a property portfolio without having to spend time managing tenants. And yet more and more people are becoming landlords without really planning to, perhaps because they… Read more
A Guide to Conveyancing
Conveyancing is the word used to describe the process of legally transferring the ownership of property from one person to another. A licensed conveyancer or property solicitor follows a series of standardised steps when taking your property transaction to completion (a conveyancer or solicitor can do the job; the difference is that conveyancers specialise only… Read more
A Guide to Taking out a Mortgage
Are you eager to get on the property ladder but don’t know where to start? Buying a house is a big deal, so it’s understandable to feel overwhelmed and uncertain when it comes to taking out a mortgage. This guide will take you through the steps you need to take to become a homeowner. What… Read more
A Guide to Help to Buy
The Help to Buy scheme is a government initiative designed to help first time buyers get on the property ladder without having a large deposit. There are various different schemes under the UK government’s Help to Buy umbrella, which are aimed at different people depending on their circumstances. We’ll take a closer look at all… Read more