Rent Guarantee Insurance and Guaranteed Rent - What's The Difference? When you rent out your property, your choice of rent guarantee products – be it rent guarantee insurance, rent guarantee schemes, or guaranteed rent, can influence what the best route for you is. But sadly, unless you understand the world of BTL (buy-to-let) quite well, navigating these complicated areas could be somewhat tricky,...
Paying Tax On Your Rental Income - The Landlord's Tax Guide If you rent out your property, you'll need to pay tax on your rental income. Your tax liability would depend on the profit you make as a landlord, along with other factors like the expenses you incur on your rental property and your other non-property income. You'll need HMRC to know about your rental income by filing a tax return. In case...
Key Considerations to Find The Best Tenants As a landlord, you surely want to protect your investment in your rental property by finding a tenant quickly. But renting to someone who fails to pay rent or damages your property could make you suffer severe financial losses and a lot of stress. Yet, when renting out, you can never be guaranteed to find great tenants. However, you can follow certain steps...
'What is an HMO?' is a question that both tenants looking for dwelling options and landlords interested in investing in properties may ask. This resource will answer that question and explain how HMOs are different from other rental properties. What is an HMO? HMO means a 'House in Multiple Occupation.' HMOs are residential properties occupied by at least three tenants not belonging to a family, who...
Do-it-yourself Deposit Replacement Schemes and Their Risks For renters, traditional upfront deposits are difficult to make, as they often have strict terms and involve substantial costs. Since renters needed a viable substitute to the conventional deposit model, it gave rise to the deposit replacement schemes. According to research conducted by traditional deposit schemes, England and Wales' average...
If you need a regular stream of income or seek capital growth, an attractive proposition is to invest in buy-to-let (BTL) properties. Due to low-interest rates, you may not be getting an adequate return from your savings, which could be the reason why you're contemplating property investment. But here's the biggest question that you need to ask - Is a buy-to-let property a profitable investment? And is it...
While the relationship between a landlord and his/her tenant(s) should always be a smooth one, there are things that both parties should follow to avoid complications. From a tenant's viewpoint, one of these things is informing the Landlord of alterations made to the living arrangements. It's quite understandable that when you move into a new home, there could be things that you'd want to change. In this...
Are you thinking of purchasing a property to generate a second income? Why is it the best time to secure your rent for the next 5 years? The number of tenants requiring long term property rentals is rising rapidly and is guaranteed to increase. The number of households in the private rented sector in the UK increased from 2.8 million in 2007 to 4.5 million in 2017, an increase of 1.7 million (63%)...
Buyers and renters can move home, and lettings agents and estate agents can now reopen if they adhere to strict social distancing guidelines. After seven weeks of having their doors closed, it means that the property market is now able to move again. The Housing Secretary Robert Jenrick has announced new guidelines, "to allow the housing market to resume. Our clear plan will enable people to move home...
Guarantee your investment is generating you income at all times In these uncertain times during Covid19, find an alternative way to guarantee no void periods in your rental property. Many landlords in the years of owning and renting a property will experience void periods. As I am sure, you will agree void periods are something that no Landlord wants to hear at any time especially, in these new...