Landlords unaware of legislative changes
Mon, Mar 18, 2019
Did you know that one in twelve landlords are unaware of legislative changes?
According to the findings of the English Private Landlord Survey 2018 published in January, one in twelve landlords is unaware of a suite of legislative changes that occurred across the lettings industry in recent years.
Over 80% of landlords were aware of the additional 3% stamp duty burden for the purchase of a second home, with two-thirds having knowledge of the changes to mortgage tax relief and the impending tenant fee ban.
Less well known are the reduction in Capital Gains Tax for non-property investments, and knowledge of the minimum rent to mortgage cost ratio required by lenders to approve a buy-to-let mortgage.
The survey notes that legislative changes are considered the main concern for current landlords, while agents are more concerned about tenant behaviour.
Andrew Grant's qualified Property Management and Lettings team are here to provide you with ongoing advice. We support our landlords with sourcing the right tenants, repairs, accounts, inventory, legislation and administration.
With a huge number of properties currently undermanagement, including residential blocks, our professional knowledge and experience means we are best placed to advise on how to manage your property portfolio.If you are considering changing your letting agent - we take on new landlords with existing tenancies all the time and are pretty good at it. Our landlords trust in us to manage their assets and look after their tenants and we do this well; providing exceptional service every step of the way.
We offer so much more than other lettings agents, call us on 0330 22 11 222 to learn more or click here...Learn more about our lettings services...