Landlord
Leasehold
Rental Yield
Landlord Rental Yield Calculator
Allowable Expenses
All In One NEW Solution
Advice
15 Things Buy-to-Let Landlords Need To Know in 2020
The Best Ways Landlords Cut Costs Save Money
Tax System
At present, landlords can deduct mortgage interest and other allowable costs from their rental income, before calculating their tax liability.
From 6 April 2020, tax relief for finance costs will be restricted to the basic rate of income tax, currently 20%. Relief will be given as a reduction in tax liability instead of a reduction to taxable rental income.
Tax relief changes for landlords 20
Energy Performance Certificate (EPC)
Search - https://www.epcregister.com
Quotes - http://www.epccompare.com/registrant.php?action=quote&what=quote_domestic_epc
£39.99 - http://essexlandlord.co.uk/energy-performance-certificate/4529999863
Who Is Supplying Electricity?
https://www.ukpowernetworks.co.uk/internet/en/help-and-advice/who-is-my-supplier/
Who Is Supplying Gas?
If you do not have a previous bill, you can obtain your MPR number by telephoning XOSERVE (previously provided by Transco) on 0870 608 1524.
Water Supply Portal
Charges
Charge £50 for tenant check to weed out time wasters.
Insurance
Adverts
- Open Rent - make sure you DO NOT choose RENT NOW
- 99 Home
- Rentify Currently only available for properties in London (Feb 2018)
- Find A Flat
- Vivastreet
- Gumtree
Tenant Checks
Tenant Check #1: Rentify (who actually use... Letting Ref)
Tenant Check #2: NLA Tenant Check
- County Court Judgment (CCJ) Search
- Bankruptcy & Insolvency Data
- Residency & Address Confirmation
- Alias Name Search
- Linked Addresses located and searched
- ID Verification Checks
Tenant Check #3: Endsleigh Comprehensive Tenant Check
- Bad Credit History
- CCJ's
- Bankruptcy
- Voters Roll
- Fraud
- Accountant / Solicitor references
- Previous Employer and Landlords
Check if someone can rent your residential property
https://www.gov.uk/landlord-immigration-check/y
Guarantor Land Registry Check
http://www.landregistry.gov.uk/public/property-ownership
http://www.lawpack.co.uk/landlord-and-tenancy/managing-your-tenancy/articles/article1831.asp
Tenancy Agreements / Further Documentation
Draft Tenant Fees Bill (2017)
If passed as is prospective tenants will not be liable for any payments beyond the deposit and the initial month's rent. In effect; private landlords who undertake the management of their properties will no longer be able to charge additional fees for tenancy checks. You would not be able to insist that the prospective tenants undertake their own check and pass it on to the landlord as this would contravene part of the bill:
Prohibitions applying to landlords
(3) A landlord must not require a relevant person to enter into a contract for services with a third party as a condition of the grant, renewal or continuance of such a tenancy.
The bill also limits holding fees to the equivalent of one weeks rent and security deposits to the equivalent of six weeks rent.
Evicting Tenants
https://www.gov.uk/evicting-tenants
