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Landlords

Taxation rules for landlords

Income tax When you start letting property, you must inform HMRC so you can start paying income tax. Failing to pay income tax will result in penalties. If there are previous years for which you owe income tax, you should initiate contact…

Securing a property to rent

If a property is particularly desirable, it will not stay in the rental market for long. If you’re looking for property together with others, you have to ensure everyone is in a position to make a quick decision in case you find the kind of…

A renter’s guide: advice for tenants

Put down a deposit A holding deposit lets the landlord or agent know that you intend to rent the property so it can be taken off the market. Once you put down a deposit, the letting agent will start the process of getting your references…

Costs of private renting

Rent The rent is usually the largest expense that comes with private renting. What you pay as rent will depend on the area and type of property you live in. Rent is usually paid in advance i.e. at the beginning of the month. The date when…