16% off list price and 12.7% return on deposit invested

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We are delighted to offer readers another fantastic opportunity, featuring 2 & 3 bed contemporary new build houses with lots of extras in St Helens, near Liverpool.

These houses have been discounted by 16% off list prices and are available for only £117,000 for a 2 bed

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Advice from the NAEA on how to select an Estate Agent

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Selecting an estate agent to market your home can be a daunting task, especially with so many to choose from. When trusting someone to sell your biggest asset, it’s essential you know what you’re signing up for in order to get it sold quickly

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Property sales down 8.8% from last year

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HMRC have released their monthly UK property transaction count for June 2018 and the number of non-adjusted residential transactions was 8.8% lower than in June 2017.

Whilst many landlords are paying more tax due to Section 24 mortgage interest relief restrictions

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Additional licensing in Nottingham ‘unnecessary financial burden’

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The RLA has responded to a consultation on introducing additional licensing in some areas Nottingham by arguing that it if it is introduced it would be a financial burden for landlords affected. “Unnecessary financial burden” In its response to the additional licensing consultation, which you can read here the RLA say that the proposed cost for landlords […]

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NAPIT welcomes Mandatory Electrical Checks

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Electrical Checks:

The National Association of Professional Inspectors and Testers (NAPIT) has hailed the forthcoming introduction of new electrical inspection requirements in the Private Rented Sector (PRS) as a significant step forward.

This reaction follows the Housing Secretary James Brokenshire’s announcement that private landlords will be required to ensure electrical installations in their properties are inspected every five years.

Mr Brokenshire has also launched a consultation into the fire safety guidance contained in the Building Regulations, following recommendations made in the Independent Review of Building Regulations and Fire Safety.

The NAPIT Trade Association Chairman, Frank Bertie, says:

“Introducing these checks has the potential to dramatically improve safety in the Private Rented Sector, and ultimately save lives. The NAPIT Trade Association has long been calling for inspections to be required at least every five years, and we set out this position in our response to the Government’s consultation into electrical safety in the Private Rented Sector earlier this year.

“We hope that the Government will recognise that these checks should be carried out by a qualified electrical inspector, and supported by an Electrical Installation Condition Report, to ensure that they are carried out to the required standard.�

Over 400 people are injured or killed in fires started by electrical distribution systems every year, and a survey of NAPIT Trade Association members found that tenants in privately rented properties were being put at significant risk.

Over 40% of NAPIT members said that they found more serious electrical hazards in private rented homes than in any other form of tenure, and over 90% supported the idea of mandatory electrical safety checks every five years.

The NAPIT Trade Association has pushed this proposal to Governments in both England and Wales this year, advocating that they come into line with the regulations in the Scottish Private Rented Sector.

NAPIT also regularly delivers electrical safety presentations to private landlords, and has spoken to over 1,000 landlords since the start of the year to raise awareness of the importance of ensuring electrical installations are properly maintained.

To find out more about NAPIT’s proposed improvements to electrical safety in the Private Rented Sector, see here

For more information on NAPIT’s promotion of electrical safety to landlords and Local Authorities, see here

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£1.7 million landlord tax planning success

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Earlier this year we helped a couple to restructure their property rental business in such a way that they will pay no personal tax whatsoever on the next £1.7 million they withdraw from their Limited Company.

This was achieved by arranging bridging facility to allow them to withdraw capital from their business of up to their acquisition costs before completing a sale of their business to their own new Limited Company.

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RLA reaches final of national awards

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The RLA has reached the final of the upcoming Association Excellence Awards 2018. The association has been shortlisted in the ‘Overall Best Association – over 1,000 Members’ category, with its bi-monthly magazine Residential Property Investor also reaching the final in the ‘Best Association Magazine – over 20,000 circulation’ category. Alan Ward, RLA chairman said: “Reaching […]

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Gas certificates and Section 21 – be compliant or you may pay the price

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Landlords, did you know that if you did not provide a gas safety certificate at the start of a tenancy (be it a first agreement or written renewal after 1st October 2015), before the tenant moved in, you may find that any Section 21 notice served during the term is invalid?

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End Section 21 petition gets nearly 50,000 signatures

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A petition supported by the pressure group Generation Rent to “Scrap Section 21 of the Housing Act 1988, otherwise known as no-fault evictionsâ€� has nearly reached its target of 50,000 signatures.

The 38 Degrees petition is to be sent to the new Housing Minister James Brokenshire.

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Can I charge fees for managing my son’s properties?

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I used to own 8 rental properties in central London, which I have been managing myself for the last 35 years, even though I live abroad.

All properties, but two, have been gifted to my 25 year old son

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