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How to exercise right to manage

How to qualify for Right to Manage

In order to qualify for the right to manage, the premises must

be a self-contained building or part of a building, with or without appurtenant property;

contain two or more flats held by qualifying tenants (e.g. those with leases originally granted for more than 21 years); and

have no less than two-thirds of the flats in the building held by such qualifying…

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HMO Fire, Health and Safety

Fire safety is landlord’s responsibility

Fire safety within a rental property is of the utmost importance and it is the landlords’ responsibility to be aware of fire safety regulations and follow them through.

What are the legal requirements for a fire alarm in an HMO?

If your property is a House in Multiple Occupation (HMO) which is subject to licensing, you must also comply with fire, health…

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What you need to know about an eviction

Repossession is the last situation a landlord wants to consider, but if you find yourself in a position where you need to retrieve your property from tenants you need to know where you stand.

But if you found yourself needing to take back control of your property, would you know how to proceed in court…Landlord Tax on holiday lets

What are your options

Possession is a tricky process to…

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UK Housing Stock Availability and Demography

Many young Britons believe that the housing market is stacked against them. In the past two decades house prices have doubled in real terms, because of both tight planning restrictions, which have limited the supply of homes, and low-interest rates, which have stoked demand for them. Buy to let mistakes

Theresa May, the prime minister, has described the scarcity of housing as “the biggest…

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Buy to let property mistakes

In this article, we talk about property investment we are referring to buying and holding for the long-term, as in 10 years or more, rather than entrepreneurial activity where one buys with a view to renovate and sell. There are many mistakes you can make when purchasing an investment property.

Cash Flow

Most property investors will name financial freedom as the primary reason for investing in…

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Tenant Eviction and Rent Recovery

If the tenant does not leave on or before the possession date, you can instruct a High Court Enforcement Officer to start the enforcement process, organising the eviction of the tenants.

If you are also owed rent arrears on the property, you can add a claim for money to the possession order, so that you do not need to apply separately for a judgment and writ of control. Landlord Tax on holiday…

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Landlord Tax on holiday lets

As per the new regulations there are additional taxes levied on buy to let properties, hitting landlords heavily as many items are no longer tax-deductible, as well as the reduction in tax breaks as it is making traditional buy to let less attractive.Affordability Risk on a mortgaged property

For landlords who have recently completed their tax returns, they must have started feel the changes,…

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Affordability risk on a mortgaged property

Some lendors may tell you that they won’t offer you a mortgage because your Affordability risk is too high. How to keep your property gas safe

Lenders’ Affordability rules differ depending on the landlord. Finding a suitable mortgage match the landlord and the mortgage lender is the priority of the mortgage brokers. Bills included rent

When a lender considers your application for a…

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How to keep your property gas safe

Most landlords don’t have their gas appliances checked annually. We’ve put together a list all landlords need to know.

Carbon monoxide alarms are a must in all properties where there is a solid fuel burning appliance

A property with wood burning fires and stoves requires a carbon monoxide alarm. It is a legal requirement. The law doesn’t not include gas appliances though it is advised to…

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Tenancies with bills included Many landlords are renting their properties on room by room basis. Demand for such tenancies has increased in recent years.

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How to get your tenancy right

When you begin a new AST ensure to put it together having learnt from past mistake and get it right. In the long-term it will work out better for all parties.

Comply with the regulations, provide all necessary information

You must provide your tenants with a valid gas certificate, an Energy Performance Certificate and the government`s latest How to Rent Guide. The guide can be emailed. Also check…

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Guide to finding the best tenants

Follow the Law

Landlords must treat all potential tenants equally. System is designed to prevent discrimination against certain classes of people in any activity related to housing. In short, you cannot discriminate based on race and colour, national origin, religion, sex, familes with children, disability.

What is rent to rent

Choose a Tenant With Good Credit

You want to look for a tenant who…

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What is rent to rent...

What is rent to rent…

Rent to Rent is where a landlord still owns and has major control over her properties. In this case the landlord agrees to let the property to a rent to rent company to let and manage the property. Rent to rent company rents the property on a room by rooms basis and depending on the area and location, property is rented to workers or professionals. Landlords go for this option as they may not…

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What happens at the end of a tenancy.......

What happens at the end of a tenancy…….

We all want the end of a tenancy to go smoothly. Tenants want to move without much hassle or worry and get their deposit back quickly. Landlords want to get a new tenant in place quickly with ease.

Around 90 percent of tenancies are ended by the tenant, with the majority of the remaining 10 percent ended due to rent arrears. Whatever the reason, there are a few things that, as a landlord, you…

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How to navigate the tax relief changes as a landlord

There are ways you can manage your tax bill as tax returns are due on 31st January. Changes are being introduced in stages until April 2020, with this year’s return, landlords will be affected with the Section 24 changes.

How tax bills are calculated on rental income has changed. By April 2020, landlords won’t be able to deduct mortgage interest from rental income before calculating taxable…

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Winter insurance tips for your rental property

Many rental homes will experience frozen pipes, heating not working and several other seasonal issues within the winter period. It is important to understand which insurance covers you need, and what each policy covers you as a landlord.

What you need to be aware of when your tenants are away?

Frozen Pipes

You should insulate your pipes as well as the loft water storage tank. Place the…

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What you need to be aware of when your tenants are away....

What you need to be aware of when your tenants are away….

If you know your tenants are going on their big summer vacation or their family Xmas holiday, there is a checklist you may wish to be aware of before they leave

Check with your insurance company

Make sure your landlord insurance is up-to-date and covers the property while your tenants are away. If anything happens, it is best to be covered and prepared. It would be a good idea to encourage your…

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