Tag: landlord
What to be aware of before you become a landlord
If you are thinking of buying a property to let to tenants, there are several points to be aware of before you start. Being a landlord comes with certain risks and responsibilities. A little preparation and understanding can help you avoid difficulties down the line. Consider what insurance you want As well as buildings and...
Tips for being successful with buy-to-let
If you are considering purchasing a property to rent to tenants, you need to take steps to ensure your investment gives you the return you need. We take a look at some tips to help you succeed. Buy-to-let is less popular than it has been in the past due to higher mortgage rates and a...
Flat ownership and the right to manage
If you own a flat, the freehold may be owned by the landlord. This means that the landlord will generally be responsible for carrying out tasks such as arranging for the common areas and the fabric of the property to be kept in good condition, arranging buildings insurance and organising contractors to carry out works....
Tax tips and information for landlords
Making a profit from being a landlord needs careful management. The income received from renting out property UK property will be subject to tax, meaning landlords will need to complete a self-assessment tax return. As well as income tax on the rental profits, landlords will also be required to pay capital gains tax on any...
Landlord safety obligations
Landlords are required by law to carry out certain safety checks and ensure that their properties comply with health and safety regulations. Failure to do this is not only a breach of the law, it could invalidate landlord insurance. Full details of a landlord’s responsibilities are set out in the government’s Housing Health and Safety...
Service charges and dealing with your landlord
If you own a flat or apartment, you will be required to pay service charges to your landlord. We take a look at what can be included and what to do if you are not happy with the amount requested. Your lease will include a provision that you must reimburse your landlord for the costs...
Landlords selling private rental properties
Recent figures have revealed an increase in landlords selling their properties in the private home rental sector. Online property company Zoopla’s House Price Index report shows that the number of homes for sale that were previously rented has steadily increased throughout the past year. The south east and London show the biggest increase, with 13...
