Electrical Safety | Buy-to-Let | Landlords Guide Landlords must ensure electrical safety in their buy-to-let properties… 1) The fixed electrical system in a buy-to-let property is safe, to include… Sockets, Light fittings, Switches, Circuits ect… 2) That all electrical appliances supplied to the tenant as part of the tenancy agreement are safe, for example, Cookers, Kettles, TVs & … Read More
Buy-to-Let Stamp Duty Changes
STAMP DUTY on a £275,000 buy-to-let property from 1st April 2016 At present, Investors pay no stamp duty on the first £125,000 on a buy-to-let property. Then 2% on BTL properties priced at £125,000 to £250,000 and 5% on BTL properties above £250,000 to £500,000, rates continue to step up above this. From 1st April 2016 Stamp Duty will … Read More
Tenancy Deposit Scheme
The Tenancy Deposit Scheme By law, Landlords need to register letting deposits with one of the three government backed deposit schemes within 30 days of receiving the money. The deposit schemes became compulsory in 2007 and act as a safety net for tenants. This process helps ensure deposits aren’t being withheld for unjust reasons. Once any deductions are … Read More
Gas Safety
The Government outlines 3 legal requirements | Landlords’ Gas Safety Obligations. That is to say … A Landlord must comply: Make sure the gas equipment is safely installed and maintained by a Gas Safe registered engineer A registered engineer do an annual gas safety review on each appliance and flue Provide the tenant with a copy of the gas safety … Read More