As a beginner landlord in the UK, there are many things to consider before renting out your property. From finding the right tenants to managing your finances, being a landlord can be a complex and challenging task. In this blog post, we'll provide some tips and insights to help you get started on the right foot. Understand the legal requirements Before you start renting out your property, it's...
You can rent furnished or unfurnished properties in the United Kingdom. Investing in real estate and being a landlord comes with pros and cons, and which option you choose will depend on your own investment strategy and preferences, the characteristics of your property, and how actively you intend to manage it. In any case, for those property owners who choose to let their properties furnished, it is...
Pets are now allowed by default in the government's model tenancy agreement. Parliament is currently considering the proposed Renters Reform Bill. Several changes announced in the Renters Reform Bill white paper will ease tenants' ability to keep pets, including allowing them to request a pet and permitting pet insurance payments. Under the Tenant Fees Act 2019, landlords cannot request certain fees...
It is possible to invest in property in many ways, including buying a house to live in, renting it out or using it as a furnished vacation home. Tax minimization can look very different for each option. Buy-to-let property investments There is generally no difference in tax treatment whether you own a single property or a large portfolio of properties through direct ownership. Taxes that affect...
Recently, the British public has witnessed a new head of state, a new government, and an increasingly worrying economic environment. On Friday, September 23, Kwasi Kwarteng, the current Chancellor of the Exchequer, announced a not-so 'mini-budget. There were a number of ways in which the budget exceeded expectations, including wholesale reductions in tax and politically contentious changes to IR35...
Rent yield and capital gain are terms you may have heard many times if you are thinking about becoming a landlord, but what exactly do these terms mean? Although you may have been a landlord for a while, you may still be somewhat confused by the exact definitions of these terms. We have compiled some top tips outlining the two most important aspects of the lettings process to help you get started. A...
An important mistake many landlords make is not considering the possibility of using a property management company. Frequently, landlords decide to manage their properties on their own, but the assistance of a professional may be of great benefit. A property management company deals directly with tenants, saving landlords a great deal of time and money during the entire rental process. If you are a new...
Investing in UK property in 2022 involves considering a number of factors. Even though some of these factors are obvious, we should get a clear picture of what makes a good Buy-to-Let investment before we proceed. A few key metrics that we consider are: Rental Yields Property Prices Population Regeneration Tenant Demand Career Opportunities BTL...
Also called Rent to Rent, guaranteed rent is where a third party (usually an individual, Council, or letting agency) enters into a contract with a landlord to control and manage his/her property and pay a fixed rental income over a definite period. This third party or the 'renter' finds tenants for the property and sub-lets to them. Landlords who find managing their property, finding tenants,...
Paying Tax On Your Rental Income - The Landlord's Tax Guide As a landlord, you will want to optimize yourproperty investment. One of the best ways to do it is to opt for home improvements before you let out or sell your property. We bring you some of the top ideas to add value to your home from which you can take your pick. Making some new additions If you feel your roof needs an upgrade, doing...