Do you have a property to let?
Please contact us today if you need help with the following:
We would like to take the time to visit you at home/ investment property to discuss our management services and the marketing of the property. Please allow minimum of an hour for this appointment to give our negotiator enough time to explain the entire lettings process in detail and identify a bespoke management package matching your requirements.
As a landlord you must adhere to current legislation to ensure your tenancy runs legally. Please see the legislation section of our website which covers some of the main points. Please book a valuation of your property which will give us an opportunity to discuss your legal requirements in further detail. We will guide you through the process and ensure all legal aspects are managed correctly.
Do the figures work? - Yields
The yield of the property indicates the total gross rental annual income displayed as a percentage of the purchase price. It acts as a clear, strong guide when considering purchasing a property although is only one factor in the decision making process.
In simple terms, if your annual rental income is £20,000 and the property cost you £200,000, your gross yield is 10%. This is a basic example and does not take into account all your costs such as mortgage, repairs, service charges, fees etc. Once you take your costs into account, you are left with your net yield, this can be more meaningful as it is a direct indicator of the financial status of the property.
We strongly advise landlords ensure they are aware of the net income measured against expenditure to evaluate the performance of the property/ investment portfolio.
Listed below are some of the current local property values , with current rents being achieved for these properties. We have also given a guide to the gross rent received, then expressed this rental income as percentage of the purchase price, on an annual basis.
It is important to note that the following items are tax deductable:
HMRC legislation states that you will need to keep records of your income and expenses relating to the rental property for at least six years to support your Tax Returns.
We will provide you with copies of contractor’s invoices as part of our normal service and can also provide an annual statement of your account upon request.
For full and complete advice we recommend seeking the advice of an accountant. They can give you professional advice on your personal tax position and ensure you maximise your savings.
Without liability are pleased to recommend:
Geiss Wallis Crisp Accountants,
10/12 Mulberry Green,
Telephone : 01279 427431
Tax for Non – Resident Landlords
HMRC legislation requires
Once authorisation has been received from HMRC then we can pay rental income without deduction of tax.
Further information on the taxation of rental income for both