What is Section 24?

What is Section 24?

Section 24 of the Finance Act 2015 might mean that over half of UK landlords will fall into a higher rate of tax. Although their income might not have increased, some might end up renting at a loss. Landlords interest relief system is changing.  Until recently,...
HMO licensing legislation

HMO licensing legislation

An HMO, or “house of multiple occupation” is a property rented out by at least 3 people who are not from 1 ‘household’ (eg a family) but share facilities like the bathroom and kitchen. It’s sometimes called a ‘house share’. HMOs tend to provide a good...
The importance of HMOs in todays market as investment

The importance of HMOs in todays market as investment

HMOs, House of multiple occupancy are generally defined as properties with a minimum of three individual tenants sharing kitchen, bathroom and toilet facilities. Tenants renting the rooms separately and not being connected. Depending on the type of HMO and its...
Why does a landlord need a property inventory?

Why does a landlord need a property inventory?

A property inventory ensures the landlord doesn’t have to pay for the damages or loss made to their property during their tenants’ residency. Floors can be scuffed, carpets stained and furniture may be missing. Actually, a number of unexpected...