It’s so important for landlords to know their stuff when it comes to money and finances. Here you’ll find advice on everything from rental arrears, deposits and many other important financial issues.
Disputes on deposit deductions18-05-2022
In an ideal world, your tenant will leave your property sparkling clean when they move out. But the reality is that some tenants won’t restore your property to its original condition when they had over the keys - be it damaged sofas, miscellaneous items left in kitchen cupboards or even broken windows.
Do landlords pay council tax?22-03-2022
andlord will be liable to pay council tax. However, it’s fair to say that there isn’t exactly a single, clear-cut answer to the question of who pays council tax in rented property. It essentially depends on the type of tenancy and property occupants. So, do landlords pay council tax? If not, who is responsible for footing the bill?
What tax can you claim back on a rental property?24-01-2022
Whether you only rent out a few properties or have started a business around lettings, one goal is in common. Profit. So, it’s not surprising that many landlords are interested in the tax you can claim back on a rental property. We’ll explain everything you need to know about allowable expenses to help you get your finances in order.
Do landlords have to take a deposit?21-12-2021
You’ve found your ideal tenants, agreed on the length of the tenancy and all of the fees involved, and are about to seal the deal. As your new tenants prepare to sign their contract, you may be racking your brains to work out if there’s something you’ve missed. There may be one more question on your mind. Do landlords have to take a deposit?
Do I have to use a tenancy deposit scheme?30-11-2021
Tenancy deposit schemes can be a tricky topic to understand. But one thing is certain. If you take a deposit from your tenant, it is the law for you to register it with a deposit protection scheme. We’ll walk you through everything you need to know to make sure you stick to the guidelines and avoid fines.
Do you have to pay income tax on rental property?22-10-2021
There are countless things to consider as a landlord. And with the rental market ever-changing with updated policies, it can sometimes be difficult to keep up. It’s without a doubt that one of the main priorities for landlords is to keep any finances in check. Particularly when it comes to taxes. Here we’ll cover everything you need to know about landlord income tax to answer the question of do you have to pay income tax on rental property?
Can a landlord charge VAT on insurance?28-09-2021
Once you’ve taken out your landlord insurance policy, you may be wondering whether you can charge VAT on insurance. We’ll fill you in on everything you need to know about landlord insurance and the associated tax.
How much do letting agents charge?30-07-2021
New to the buy-to-let market and curious about costs? Let us break down how much letting agents really cost.
How to Register a Deposit with the Tenancy Deposit Scheme9-05-2021
When you receive a deposit for an assured shorthold tenancy, you must deposit it into a government-approved tenancy deposit scheme within 30 days. This is the law. If you don’t register a tenant’s deposit within a tenancy deposit scheme, your tenant could bring up a claim against you.
Costs of Being a Landlord3-03-2021
The finances are a big part of being a landlord, and unfortunately, it’s not quite as simple as rent, minus mortgage, minus tax equals rental income. There are plenty of other costs associated with being a landlord that you must understand in order to prepare your finances appropriately.
How Much Rent Should I Charge?2-02-2021
Deciding how much rent you should charge your tenants is arguably the most important decision you will make as a landlord. There’s a fine line to tread between being greedy and being too generous. Your regular rent income is essential to the healthy maintenance of your portfolio, so it’s important to get right.
How to Work Out Rental Yield?6-01-2021
Whether you have one property or multiple on your books, calculating the rental return on your investments is something that a landlord should not overlook. This is referred to as the rental yield. It is a percentage figure and shows the revenue that you earn, or can expect to earn, from an investment.
Rent Arrears - Landlord's Rights6-01-2020
As a landlord, the least you expect from your tenants is the rent paid on time - or near enough. Sadly though, running into issues with rent arrears is far more common than any landlord would like it to be. Sometimes there’s a good reason for falling behind on rent and a simple solution to fix it. Other times, it’s not quite so painless.
Tax Advice for Landlords14-08-2019
Landlord tax is an extensive subject, and one that is always changing. If it’s something that you naturally understand, take in and keep up with then you’re probably one of a lucky few. There’s many different strands to landlord tax and you need to be aware of them all if you are to get the most out of your buy-to-let investment financially.
Renovating a Rental Property26-03-2019
Every now and then, it’s a good idea to refresh a rental property in order to stay ahead of the competition and attract new tenants - however it’s important that every penny spent is justified by return on investment.
Top 5 Types of Financial Issues Infographic17-12-2018
A comprehensive overview of Landlord insurance financial issues.
Financial Jargon Buster17-12-2018
More than any other area of being a landlord, the financial aspects are the most complicated, whilst also being possibly the most important to understand. Many of the issues that arise through being a landlord all come back to one thing - money.
Financial Issues for Landlords17-12-2018
Britain has recently found itself further down the league table of the best EU countries to be a landlord, falling by ten places from 15th to 25th. Average yields are decreasing, negatively affecting the income of landlords everywhere.
A Guide to Tenancy Deposits26-06-2018
Taking tenancy deposits from a tenant is optional for a landlord, however it is strongly advised that this is part of your tenancy agreement. Deposits act as a landlords financial safety net when problems arise at the end of a tenancy and can be used to offset a number of necessary costs.
What Do Letting Agents Charge?12-04-2018
The question of the level of fees that letting agents charge is a more complicated one than may initially meet the eye. After all, while you are likely to use a letting agent from time to time during your landlord career, there is no industry-standard pricing with which all agencies are required to comply.
Landlord insurance can protect landlords in the event of fire, theft, loss of rent and more. Whether you’re considering cover or have just taken out a policy, we’ll guide you through the topic of landlord insurance.
Property Maintenance & Interiors
Every landlord wants their rental property to stay in top condition, and tenants may want to decorate their new home. Read our advice about garden and property maintenance, and interiors here.
It’s important to approach legal issues carefully to honour your tenants’ rights, so pay attention to the details. We’ll give advice on the most common legal issues landlords face.
It’s a landlord's responsibility to ensure that a rental property is compliant with all safety regulations - from gas certificates to fire safety measures. Here, we talk about every safety regulation you should be aware of.
There is often confusion around the topic of utilities. Even with the tenants’ names on the bill, landlords can still be responsible in some cases. We’ll guide you through the topic of utilities here.
Dealing with tenant and neighbourly disputes in the correct way is so important. Here, we identify the common issues that may arise, such as boundary issues and noise complaints, and the best way in which to resolve them.
Once you hand over the keys to your tenant, you can’t just turn up and visit your buy-to-let property as and when you like. Here you’ll find advice on the correct protocols to follow when carrying out inspections and guidance on what might constitute too much contact between you and your tenant.
Most landlords will experience an issue of some degree with damages to their property at some point. We advise on how to handle deliberate and non-deliberate damage to the property or its contents.
We explore and advise on issues regarding illegal activity taking place at a rented property – with everything from drugs and cannabis farms, to the setting up of secret brothels and gambling dens.
We explore all of the other issues and situations that may arise for landlords, so that you can feel confident and in-the-know.
Should you relax your ‘no pets’ policy, or is an animal-friendly rental a recipe for disaster? We explore the pro’s and con’s of housing tenants furry friends and how to deal with unauthorised pets, complaints and damages.
Squatters and unregistered tenants and guests are more common than you might think, so it’s vital you’re aware of the rules and regulations and how to deal with these issues correctly. We explore the in’s and out’s of squatters rights and secret subletters so that you don’t get caught out.
It’s no secret that the screening process is so important to get right, as it’s the foundations to ensuring an easy and simple tenancy. Here, we offer advice regarding applications, credit and background checks – and everything else you may need to know before selecting your future tenants.
Amina was very helpful in sorting out my landlord’s insurance and spotted an error in my cover which helped reduce my premium.
We are first time landlords and you gave good advice and the process was easy and good value.
A pleasure to deal with, the lady on the phone was a credit to her company.