Latest Guide to Self-Assessments for Landlords + Free tax App

tax

A Guide to Self-Assessments for Landlords If you make money from renting out your property to others, HM Revenue and Customs (HMRC) considers you as a landlord, even if you don’t think you are. As such, you’ll need to fill in an annual Self-Assessment tax return form (which tells HMRC how much Income Tax you’ll owe on your earnings) and …

Letting agents obligations to Landlords & Tenants

letting agent

What are letting agents obligations to Landlords & Tenants Letting agents’ obligations for the service they provide are towards landlords and tenants in equal measure. Although this article refers to letting agents much of it is relevant to real estate agents too. Rent arrears, faulty legal advice, failure to properly process prospective tenants, failing in legal responsibilities, incorrect tenant credit …

Rent repayment orders (RRO) Tenants successfully claim back £35,000

RRO

What is a rent repayment order? Rent Repayment Orders (RRO) is usually imposed on a landlord when the local authorities licensing legislation has been breached. Rent repayment orders are how a tenant or local authority can ask a landlord to pay back up to 12 months of Rent, Housing Benefit, or Universal Credit. If the landlord is an individual or …

Widesearch Property Portal challenge to Zoopla & Rightmove

Widesearch

With the dawn of the internet, information technology has transformed our lives with very few exceptions. Things can be done quicker, more efficiently and usually a lot cheaper. The property rental sector has seen a massive change, including HM land registry search to E-conveyancing. Widesearch, Rightmove and Zoopla whats the diffidence? One of the most significant changes has come about …

What is an Assured Shorthold Tenancy Agreement?

tenancy

Assured Shorthold Tenancy Agreement When renting out a house, many new investors wonder what is an Assured Shorthold Tenancy Agreement is? An assured shorthold tenancy or AST is the most usual type of agreement used in residential property letting today in England & Wales. This type of tenancy does not apply to Scotland. From 28th February 1997, all new residential …

Landlord Electrical Safety inspection report (EICR) 2021 Guide

Electrical Safety Standards in the Private Rented Sector (England) Regulations

What is an EICR? It is an abbreviation for an electrical installation condition report (EICR). The Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 came into force on 1 June 2020. It and applies to all tenancies created on or after that date in England from 1 July 2020. The regulation requires landlords to have electrical installations …

Can I build my own home?

build

Can I build my own home? One in three of us are interested in the thought of building our own home—life’s most significant financial asset built from our thoughts, ideas, and designs. With around 11,000 of us taking the plunge and reaping the benefits every year, the opportunity must be considered strategically. But what’s involved? Step one – Sourcing land …

Government Housing Possession Mediation Service 2021

mediation

About the mediation service In February 2021, a new mediation pilot was introduced by the government as part of the current court process for housing possession cases. The mediation pilot scheme is for landlords & tenants. It is free to use and helps resolve matters without the need for a court hearing. The parties work with a neutral mediator who …

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