A Quick Guide to Purchasing a Buy To Let Property in Medway
By The Medway Premier Homes TeamIf you’re considering becoming a landlord, there are many elements to consider and understand before you purchase a property. The process of buying a buy-to-let property differs compared to buying a residential property that you...
What should sellers do as the housing market restarts?
By Chris SalmonAt the time of writing, the COVID-19 ban on property viewings and valuations has just been lifted. As the market picks up, sellers will need to do everything they can to secure an offer and avoid delays. Legal problems are prime...
Landlords! Are you ready for an Electrical Safety Standard?
By The Medway Premier Homes TeamThe new electrical safety standards for private rental properties are expected to come into force on July 1st, which is by no surprise as this has been in the pipeline for a while now! The guidance has now been issued in...
Covid-19 When will the impact appear in official property data?
By The Medway Premier Homes TeamMany data releases on the housing market are still representing time before the impact of the Coronavirus epidemic. We are expecting the impact of Covid-19 will filter through to housing market statistics from mid-April onwards....
Impending changes to the tax rules on disposal of UK property
By The A4G Chartered AccountantsIf you are thinking of selling a UK residential property after April this year (after 6th April 2020) beware of a substantially shorter time frame within which you need to notify HM Revenue & Customs and to pay the tax due! Unless...
Rents increase in 2019
By The Medway Premier Homes Team2019 was a year of recovering rental values following the drop observed in 2018. The DPS (Deposit Protection Service) reports a 1.4% increase in rents in 2019 (Q42018 to Q42019). The average monthly rent in the UK is now £773, or
Property Legislation Part 4 - Taxation
By The Medway Premier Homes TeamHere is part 4 in our series of property legislation in 2020, this article focuses on the tax changes coming into effect this year and how they will impact landlords. Landlord Income Tax Relief Former Chancellor George Osborne’s...
Property Legislation Part 3 - MEES & Tenant Fees Act
By The Medway Premier Homes TeamDomestic Minimum Energy Efficiency Standard (MEES) Regulations Grace Period Ends The MEES regulations set a minimum energy efficiency level for private rented properties in England and Wales. The regulations came into effect in...
Property Legislation Part 2 - Electrical Safety Standards
By The Medway Premier Homes TeamThe Electrical Safety Standards in the Private Rented Sector (England) Regulations 2020 This piece of legislation has now been published in draft form and must now be approved by each House of Parliament. If approved in the...
Property Legislation Part 1 - Homes (Fitness for Human Habitation) Act 2018
By The Medway Premier Homes TeamAs we enter a new decade, the one thing we can be certain about in the private rental sector is that uncertainty seems to be the only certainty. For us and yourselves as landlords to succeed this decade, we must all stay on top of...