Do landlords expect too much from their accountants?

admin    Uncategorized     agents

You wouldn’t expect your family Doctor to perform major surgery on you, so why do most landlords expect their accountants to provide tax planning advice and recommend the optimal structure for their business?

It is very rate for accountants to specialise in landlord taxation

The post Do landlords expect too much from their accountants? appeared first on Property118.

View Full Article: Do landlords expect too much from their accountants?

Statement from Tim Frome on behalf of Property Redress Scheme

admin    Uncategorized     agents

Dear Property118 members

The government have announced that landlord redress will be mandatory in the future and they will be authorising schemes to cover landlords. They are setting up a Redress Reform Working Group to look at the practicalities of implementation and we at the Property Redress Scheme will be members of this group.

The post Statement from Tim Frome on behalf of Property Redress Scheme appeared first on Property118.

View Full Article: Statement from Tim Frome on behalf of Property Redress Scheme

ARLA welcome strengthening consumer redress

admin    Uncategorized     agents

Mark Hayward, Chief Executive, NAEA Propertymark and David Cox, Chief Executive, ARLA Propertymark, comments on the Government’s response to Strengthening Consumer Redress in the Housing Market consultation: “In Propertymark’s response to the consultation last year, we called for greater clarity in the system and streamlining through the creation of a single portal along with a unifying code of practice for all housing providers.

The post ARLA welcome strengthening consumer redress appeared first on Property118.

View Full Article: ARLA welcome strengthening consumer redress

Cost to landlords to join a COMPULSORY Redress Scheme?

admin    Uncategorized     agents

On 24th January 2019 DGLG announced that it will become compulsory for Private Landlords in England to become members of a Redress Scheme.

No dates are available yet as to when this will become law but meanwhile I have been looking into the cost implications and decided to make my membership application to the Property Redress Scheme TODAY!

The post Cost to landlords to join a COMPULSORY Redress Scheme? appeared first on Property118.

View Full Article: Cost to landlords to join a COMPULSORY Redress Scheme?

Private landlords will be legally required to become members of a redress scheme

admin    Uncategorized     agents

A new Housing Complaints Resolution Service has been announced for the entire housing market and for the first time ever, private landlords will be legally required to join a housing redress scheme. Click here to view the MHCLG release:

Private landlords will be legally required to become members of a redress scheme – with a fine of up to £5,000 if they fail to do so.

The post Private landlords will be legally required to become members of a redress scheme appeared first on Property118.

View Full Article: Private landlords will be legally required to become members of a redress scheme

Got land?  Add a studio flat for £15k, no planning permission required.

admin    Uncategorized     agents

It has been confirmed by Councils that these studio flat accommodation units (usually) do not need planning permission, and they would qualify for the 1 bedroom self-contained rate of Housing Benefit (Local Housing Allowance).  Best of all, these fully fitted studio units only cost around £15,000. 

The post Got land?  Add a studio flat for £15k, no planning permission required. appeared first on Property118.

View Full Article: Got land?  Add a studio flat for £15k, no planning permission required.

DWP complaints system is not working!

admin    Uncategorized     agents

Since the roll out of Universal Credit many landlords have become more and more frustrated in DWP’s consistencies.

Recently, we have seen a large amount of complaints from landlords regarding DWP’s current complaint process. DWP are failing to respond to Stage One complaints within the 15 day period as stated in their policy and in most cases complaints are not even receiving a response.

The post DWP complaints system is not working! appeared first on Property118.

View Full Article: DWP complaints system is not working!

Best route to mitigate Stamp Duty for new landlord?

admin    Uncategorized     agents

Background is that we are looking to buy a new residential property and retain our current property as BTL. I work and am hitting 40% tax, my partner has no income.

Reading the forum (excellent BTW) I can see that setting a declaration of trust up would enable us to use her tax free allowance.

The post Best route to mitigate Stamp Duty for new landlord? appeared first on Property118.

View Full Article: Best route to mitigate Stamp Duty for new landlord?

The Daily Mail gets it?

admin    Uncategorized     agents

Daily Mail article published last night, Click here to view the full article:

How Britain’s £239bn buy-to-let bubble burst: Our devastating audit shows ‘amateur’ landlords have been ruined by tax penalties – and lost their pension plans

The article goes on to say:

“A deluge of taxes and an uncertain market has seen tens of thousands abandon the buy-to-let industry.

The post The Daily Mail gets it? appeared first on Property118.

View Full Article: The Daily Mail gets it?

DPS claim renting became more affordable in 2018

admin    Uncategorized     agents

Renting became more affordable in 2018 thanks to a combination of a once-in-a-decade fall in annual rents and wage inflation, according to The Deposit Protection Service (DPS).

2018 was the first calendar year since the global financial crisis of 2008 that average rents decreased in the UK

The post DPS claim renting became more affordable in 2018 appeared first on Property118.

View Full Article: DPS claim renting became more affordable in 2018