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Www.landlords.org.uk To protect and promote the private residential landlord National Landlords Association 22 – 26 Albert Embankment London SE1 7TJ Tel:

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Presentation on theme: "Www.landlords.org.uk To protect and promote the private residential landlord National Landlords Association 22 – 26 Albert Embankment London SE1 7TJ Tel:"— Presentation transcript:

1 www.landlords.org.uk To protect and promote the private residential landlord National Landlords Association 22 – 26 Albert Embankment London SE1 7TJ Tel: 0207 840 8900 Email: info@landlords.org.uk Website: www.landlords.org.uk

2 www.landlords.org.uk To protect and promote the private residential landlord Post-Election Challenges For Landlords Maryann Pearce NLA Representative London

3 www.landlords.org.uk To protect and promote the private residential landlord Post Election Challenges De-Regulation Taxation Local Housing Allowance Planning Permission for Shared Houses Discretionary Licensing Changes to the Assured Shorthold Tenancy threshold

4 www.landlords.org.uk To protect and promote the private residential landlord De-Regulation Scrapped Labour Initiatives:  National Register of Landlords  Regulation of Letting Agents  ‘Trip Adviser’ style landlord comparison website  Mandatory Written Tenancy Agreements

5 www.landlords.org.uk To protect and promote the private residential landlord Taxation Capital Gains Tax:  28% CGT rate for high earners from 23 June 2010 Value Added Tax:  VAT to increase to 20% from 4 January 2011

6 www.landlords.org.uk To protect and promote the private residential landlord Local Housing Allowance LHA payments will be calculated differently:  From October 2011  This will reduce LHA payments Individual LHA awards will be cut from April 2013:  By 10%  For claimants of Jobseekers Allowance  For 12 months or more Maximum LHA awards payable will be capped from April 2011

7 www.landlords.org.uk To protect and promote the private residential landlord Planning Permission for Shared Houses Use Class C4: Houses in Multiple Occupation  Came into effect on 6 April 2010  Planning Permission required for all residential property let to between 3 and 6 sharers Withdrawn:  From 1 October 2010  Planning Permission no longer required for HMOs < 7 sharers Unless Council gains approval from the Secretary of State  Article 4 Permitted Development Rights  12 months notice and full consultation

8 www.landlords.org.uk To protect and promote the private residential landlord Proof Existing Shared House? The onus will be on the landlord : Keep your evidence eg: Documentation tenants living at the address Tenancy agreements Rent statements Tenancy Deposit Protection Certificates Copies of adverts Copies of Possession Notices Copies of correspondence to your tenants Certificate Of Lawful Development?

9 www.landlords.org.uk To protect and promote the private residential landlord Discretionary Licensing April 2010: Local Authorities no-longer need to apply to central government for permission to establish an additional or selective licensing scheme in their local area. Consultation : Still necessary, be alert. With Licensing comes Fees!

10 www.landlords.org.uk To protect and promote the private residential landlord Assured Shorthold threshold increase Threshold to increase from £25,000 to £100,000 per year To come into effect from 01 October 2010 Applied retrospectively Complex: Only Court can rule; Seek further advice Tenancy deposits taken in relation to a tenancy set up on or after 1 st April 2007 will need to be protected with an approved scheme AST possession proceedings, watch dates, Exemptions inc Regulated Tenancies and Renting a room in your own home

11 www.landlords.org.uk To protect and promote the private residential landlord Deposit protection High Court Ruling: Its never too late –Or Is It? Scheme may Impose penalties Landlords to pay Tenants legal costs Not tested every scenario, e.g. if tenancy ended Best practice: Remember it is the Tenants Money Act in Spirit of Scheme and continue to protect Deposit

12 www.landlords.org.uk To protect and promote the private residential landlord Do Not Forget Carbon Monoxide Awareness Week: Silent Killer CO detectors can be purchased on line from NLA store Gas Safe Annual Checks Validate Engineer On Line Tell Tenants – Where Gas Shut Off Valve is – Not to block fresh air intakes Green Deal Funding applies to the property Tenant repays upfront costs but will always be better off EU proposals that all adverts must include EPC rating LAs could force LLs to make reasonable improvement measures,

13 www.landlords.org.uk To protect and promote the private residential landlord Member Services Available to all landlords Energy Performance Certificates Conveyancing Inventories Mortgages Rent Arrears Rent Guarantee Insurance Tenant Checks Fire Log Book and Risk Assessment : Purchase through NLA store All this and more at www.landlords.org.uk

14 www.landlords.org.uk To protect and promote the private residential landlord Join NLA Tel: 020 7840 8900 JOINING FEE WAIVED TONIGHT www.landlords.org.uk TermAnnual FeeJoining Fee 1 year£80£18 Free tonight 3 years£195Free 5 years£320Free

15 www.landlords.org.uk To protect and promote the private residential landlord National Landlords Association 22 – 26 Albert Embankment London SE1 7TJ Tel: 0207 840 8900 Email: info@landlords.org.uk Website: www.landlords.org.uk


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