Landlord responsibilities
Hello, This week we are looking at Landlord obligations for a new Tenancy. At Bishop Sullivan’s we use a double sided checklist for a property coming onto the market through to closing the file down after the Tenant has moved in. It is definitely not ‘just clicking a few buttons’ which we often hear! Why…
Hello, So you’ve got a property but are not sure what to do before marketing? Well luckily for you I have a 7 point checklist below. Before you spend the bucks just remember this is an investment so you need to always consider longevity over a high end finish for the mass market. It is…
Hello again, This blog will be looking at the rapidly growing professional HMO market, why you should get involved and how to do it. In short that 4 bed house you have in Hove which is getting £1,750 PCM could easily be achieving somewhere around £3,000 PCM. The 2 bed house you have in Southwick…
The Tenant Fees Ban In this post we will look at what the ban is, why it happened, what it will do to the market and what the exact requirements of Landlords and Letting Agents are. The Tenant Fees Act 2019 comes into effect on 1-JUN-19 whereupon Landlords and Letting Agents will not be able…
Hello, It has been a little while since my last post but that is what happens when you come across AUG/SEP peak market conditions! Two important changes to take note as below: Section 21¬† From 1 October 2018 all Landlord’s wishing to end a Tenancy by serving a Section 21 Notices MUST use the Form…
Although many people become landlords as part of an investment strategy or as a way to make an income, some people become landlords unintentionally. When a person lets out a property as a result of circumstance rather than careful planning, they‚Äôre often referred to as an ‚Äòaccidental landlord‚Äô. An accidental landlord could be a person…
As we are fast approaching 1-APR this post is a reminder of the new Buy to Let (BTL) tax regulations due to start imminently. Who does it affect? This will apply to you if you have a BTL mortgage but it will NOT apply if there is no mortgage on the relevant property. What has…
Do you want to know how this will affect you? Contact Julian at Bishop Sullivan today to find out: +44 (0)1273 862221 or lettings@bishopsullivan.co.uk This post looks at the proposed ban from the position of Landlord, Tenant and letting agent. The Autumn Statement As you are aware the statement on 23-NOV stated that fees charged…
A look back at 2016 In the 17 years I have been in the industry I cannot remember a single year where there were so many changes: Right to Rent Act Letting agents displaying fees Energy Efficiency Standards Selective licensing (HMOs) Wear & Tear allowances Section 24 of the Finance Act Stamp Duty Land Tax…
Should I use a Limited company for my Buy to Let properties? Most landlords now know about the upcoming restrictions to mortgage interest relief in April 2017. If you don‚Äôt click here. Since our dear friend Mr Osborne announced his summer budget in summer 2015 holding property in a limited company has been a constant…
Owning a home is a keystone of wealth… both financial affluence and emotional security.