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From Our Blog

Council tax on second/third properties (if the property is empty)

Becoming a landlord comes with a whole host of new responsibilities. You are becoming a home-owner all over again albeit to let it to a tenant.  Whilst the property has a tenant living in it, the tenant will be responsible for paying the rent, gas and electric bill, and many other bills associated with living […]

I want/need to increase the rent – can and how do I do this?

Renting your property at the correct price is key to making it work for you, however, it is quite common that as a landlord, you may have fallen into the trap of letting your property to friends or family at much lower than market value, changed your mortgage deal or had some other change in […]

What if my property is empty? How do I fill it?

When a property is empty, as a landlord, you become directly responsible to continue paying the bills, including Council Tax and rates.  Therefore, it is obviously important to keep the amount of time your property sits empty, known as voids, to an absolute minimum. My rental property is empty, how do I fill it?  Whether […]

How to account for rental income

Renting your property can provide a good source of income, but it is important to remember that you must contact HMRC if you have taxable profits from your rental property. Here are some key points you should be aware of: You must pay tax on any profit you make from renting out property. How much you pay […]