Our top five buy-to-let stories – February 2016
Thursday 25 February 2016
At Simple Landlords Insurance we know how important it is for landlords to be up-to-date with all the latest private-rented sector news to make the best decisions about their investment.
And to that effect we regularly update our website with exclusive articles on everything from Government legislation to helpful tips and information around running a buy-to-let property.
Just in case you’ve missed any of them, we’ll be pulling together Simple’s top five stories in a monthly post.
Buy-to-let is becoming increasingly regulated and any successful landlord will tell you that a crucial part of running a buy-to-let is staying informed on all the latest legislation, regulations and best practice.
And there is a wealth of extremely knowledgeable industry experts sharing advice in the news, on social media and on specialist buy-to-let news blogs.
We’ve put together a list of 25 we think you should follow to stay ahead of the curve and avoid nasty surprises.
Chancellor George Osborne’s buy-to-let mortgage tax relief cuts and stamp duty increases were met with fierce opposition from landlords at the outset but pressure is now mounting from more influential sources – including his own party.
With housing finance experts such as the Council of Mortgage Lenders questioning the plans and legal heavyweight and wife of former Prime Minister Cherie Blair spearheading a legal challenge, we have compiled a list of reasons why a u-turn looks increasingly likely.
It’s now well-established that many landlords who currently sit below the threshold for higher-rate tax will be pushed above the line as the percentage of mortgage interest payments they can deduct from their taxable income is gradually reduced between 2017-20.
So we have worked with landlord tax specialists Tax Advantage to produce a case study which shows how the portion one landlord’s income is increasingly taxed at 40 per cent during the four-year, phased introduction.
In December last year Storm Desmond battered northern England and parts of Scotland, where more than 43,000 homes were left without power.
In this article we chart with a Simple Landlords Insurance claims manager who dealt with almost 450 flood claims about how to protect your property and the best ways to help your insurer process claims quickly and effectively.
As much as we would all love to be capable of throwing up some scaffold and managing roof repairs and renovations, the chances are that the majority of landlords would need to outsource this kind of work to contractors.
And it’s certainly not news that there are numerous risks to health and safety where building work is concerned.
But what many landlords may not know is that under the Health and Safety Executive’s Construction (design and Management) Regulations 2015 there are responsible for managing those risks during a building project.