The Online Letting Agents Takes on New CMP Cover to Safeguard the Money they Handle for Landlord and Tenants

Housing Minister Supports Government Report which Calls for New Measures to Protect Rental Money Letting agents across the country will soon be required to protect rental monies through an approved Client Money Protection (CMP) scheme, following the recommendations made in a new Government report. The Online Letting Agents is already offering local landlords and tenants across…

Landlords are not all rich – two thirds paying basic rate income tax!

Two-thirds of individual landlords are only liable for the basic rate of income tax according to data released by the Government. The Residential Landlords Association says that it challenges the myth that landlords have large incomes and so can cope with tax rises. According to the figures obtained in response to parliamentary questions from DUP…

Industry Reaction to the Queen’s Speech on The Lettings Fees Ban

Anyone hoping the fallout of the General Election or Brexit negotiations would push the lettings fee ban into the long grass was bitterly disappointed yesterday after it was included in the Queen’s Speech. A draft Tenants’ Fee Bill was among 27 proposed laws that MPs will be working on over the next parliamentary term, however…

Banks Banning Tenants on Housing Benefit

It’s true that the vast majority of properties on our books don’t accept tenant’s who are in receipt of housing benefit. We’re often asked why this is the case, hearing time and again from prospective viewers that their being eligible for housing benefit does not mean they are unable to pay the rent in full…

Letting Fees Ban Unlikely Before Late 2018

The ban on letting agents in England imposing fees on tenants is unlikely to be implemented before late next year according to analysis by the Residential Landlords’ Association. The proposed ban is currently at its formal consultation stage and is open for responses up to June 2; the Department of Communities and Local Government has…

Budget 2017 Review

Chancellor Phillip Hammond gave buy to let landlords little cause to cheer his Budget 2017. Property investors wanted to hear that he was scrapping or watering down the tax changes on the way in April, but to no avail. He did not mention mortgage interest tax relief – leaving the way open for higher rate…

Tenant’s Checklist

When you’re moving home there’s so much to remember! Our handy tenant checklist helps you to ensure you’ve got everything covered! Click here for our tenant checklist!

HMRC guide to property letting & tax

HMRC have released the latest version of their e-learning guide, Letting out property. Split into sections to make it simple to find what you need, the guide covers different types of property income, expenses, tax returns and much more. They’ve also introduced a ‘News’ section so we can keep you up to date with the latest…

Landlord Insurance – A Guide

Landlord insurance is a crucial consideration for anyone renting out their property. Things can go wrong with even the most diligent tenants and can cost a significant sum to put right. ‘Landlord insurance’ is a broad term, and cover will vary from policy to policy. Key points:  Standard home insurance is NOT suitable for landlords…

New Minimum Energy Efficiency Standards

From 1st April 2018, it will become unlawful to let a property in the private rented sector which has an energy performance rating of F or below on the Energy Performance Certificate (EPC). The EPC must be current and must be no more than 10 years old. Does this effect me? The Regulations will also…