Creating own property management company to save tax
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I currently self manage my 15 buy to let properties in the Greater London region. I want to legitimately reduce my property income so was thinking of creating a property management company whereby I transfer 6% of the annual rent as a service fee to the property management company. I am happy to create monthly… Read more
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DWP plan to withdraw landlord payments thwarted
DWP plans to divert Universal Credit “Managed Payments to Landlords” (MPTLs) away from landlords have been defeated following intervention by Universal Credit expert Bill Irvine and the RLA. The plan also affected Discretionary Housing Payments (DHPs) which are extra ‘top-up’ sums paid out to help benefit claimants who are struggling to pay their rent. Mr […]
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Tenant damage, depreciation allowances and Arbitration?
I apologise now for the length of this article but its a bit complex: I have a dispute with a tenant who has just left my property after 3.5 years. There are two bright pink tennis ball sized stains in the centre of the living room carpet (quality wool mix 6 years old). Professional cleaning… Read more
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Government plans won’t solve housing problems
Plans to boost the supply of homes to rent announced in the Housing White paper of 7th February 2017 will fall flat on their face without support for individual landlords. Whilst welcoming the change in emphasis toward renting and away from a narrow focus on home ownership in the Housing White Paper, the Residential Landlords […]
… LandlordZONE.
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Possible exit strategy by transferring beneficial interest
My husband and I own our BTL’s jointly. Say I wanted to retire to Cyprus or Malta permanently, could we transfer beneficial interest so we each owned half the properties individually, and then I sell my share largely free of CGT whilst living abroad for at least 6 or 7 years. We are not splitting… Read more
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Lenders and longer-term rental tenancies
Speaking ahead of the government white paper on housing, Paul Smee, director general of the Council of Mortgage Lenders, says that it is a myth that lenders do not allow landlord borrowers to offer tenancies over 6 or 12 months. “The mortgage industry has a justifiably good record of funding housing in all tenures. So, […]
… LandlordZONE.
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White Paper won’t tackle rental shortage
Plans to boost the supply of homes to rent announced today will fall flat on their face without support for individual landlords. Whilst welcoming the change in emphasis toward renting and away from a narrow focus on home ownership in the Housing White Paper, the Residential Landlords Association (RLA) says that, as research has proved, […]
The post White Paper won’t tackle rental shortage appeared first on RLA Campaigns and News Centre.
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Hyndburn Open Selective Licensing Consultation
Hyndburn Borough Council have announced plans to try and extend its existing Selective Licensing scheme, which is due to come to an end after 5 years on 30th November 2017. The newly proposed scheme includes an extended area within the areas of Accrington and Church and, if approved, could cost landlords up to £620 per […]
The post Hyndburn Open Selective Licensing Consultation appeared first on RLA Campaigns and News Centre.
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A Better Alternative To Long Term Tenancies
Government keep banging the same old drum about longer term tenancies but nbody really want one; tenant don’t want to commit long term and it causes funding problems for landlords. There is a far better alternative and Government know it. Perhaps if it had the Legal and General badge on it then Government, Shelter and… Read more
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Forwarding address not supplied?
If a tenant refuses to supply a forwarding address when leaving a property how do I inform the relevant authorities? Jo
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