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Landlord News

from Sugarhouse Properties

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Changes to Tax Relief For Buy To Let Landlords; Are You Ready?

It's been dubbed in some quarters as "The Landlord Tax Grab," but regardless of your viewpoint the tax changes that come into force on 6th April this year are going to have an impact on Landlords' tax bills and it's important that we all understand what this means.

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Categories: News | landlords

Service as normal since stamp duty rise!

The dust appears to have settled since the rise in stamp duties payable for buy to let investors and second home buyers at the beginning of April. We are happy to report that there is still a strong demand for stock in Leeds and many of our investors have not been put off by these extra expenses.

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Categories: landlords

Landlord Newsletter

We always pack our newsletter with loads of helpful information, advice and news. Make sure you receive our newsletter automatically by subscribing below:

Summer 2016 Newsletter

In this issue, we welcome our new members of staff. We also discuss the stamp duty changes, smart meters, gas safety legislation and we put another one of our Sugarhouse staff "In The Spotlight".

To get your copy, please click here.

Smart Meters - A Clever Idea or Are The Energy Companies Spying On Us?

What is a smart meter?

Smart meters are the next generation of gas and electricity meters and offer a range of intelligent functions.

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We have seen a huge increase in the amount of tenants asking for all-inclusive deals and the new smart meters are going to revolutionise how these are managed.

For example, we can get a real time reading on how much energy the tenants are using and can tell how they are performing against their allowance for their inclusive energy. The meter will also communicate directly with your energy supplier meaning that no one will need to come and read your meter in future.

Another benefit to the smart meter is that the energy company can quickly change the meter to a pre-payment meter where the tenant will have to top up with credit by calling the energy company. This can be reverted at any time which sees the end to expensive meter changes.

We will be rolling out the smart meters in all the properties which sign up to the All-Inclusive Bills package as soon as we have the green light from the supplier.

Spring 2016 Newsletter

In this issue, we look at Right To Rent legislation. We also discuss the wear and tear allowances for landlords, buying student property and we put one of our Sugarhouse staff “In The Spotlight”.

To get your copy, please click here.

Right To Rent - What We Know

From the 1st February this year, landlords are now obliged to make sure that anyone renting a property from them has the right to rent a property in the UK.

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If a landlord is found to be renting property to someone who does not have the right to live in the UK then they may face a penalty and civil prosecution. There are exemptions but generally any private residential accommodation that is not run by local authorities, social housing, charities or owned by educational establishments will be included in this new legislation.

For most private landlords this will mean that they will need to carry out basic ID checks for all applicants wishing to reside in their properties.

The Government has stipulated what forms of ID it classes as acceptable with passports being the easiest and preferred choice. Original documents should be checked, verified and copied and then kept for at least a year after the end of the tenancy agreement.

“Essentially, the Government is asking landlords to be on the front line as part of the initiative to crack down on the number of illegal migrants & their ability to obtain the basic services in this country.”

Whilst the thought of carrying out immigration style checks may seem daunting for many landlords, the process and guidance for doing so is fairly straightforward, albeit creating more work particularly when tenants do not have original documents to hand.

For tenants, the new legislation will simply mean that you will now need to provide copies of original ID from the Government's approved list prior to the start of any tenancy agreement. If you can, always bring your passport when undertaking the application process (although other documents are still acceptable if you don't have one).

For full details of the Right to Rent checks and a list of acceptable documents please visit www.gov.uk and search for Right To Rent Guidance.

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Northern Lettings Agency of the Year 2014 - The Times

Testimonials

  • The best marketing and customer service in the North Leeds student and professional market bar none!

  • They have just organised my third full refurbishment for me and they all look fantastic. I haven't lost a day's rent since they took over

  • They've got fantastic prices and friendly staff

  • Great value properties

  • Friendly, professional service that offers great advice and sees you through from start to finish of the process of letting a house. Always available for any queries that you have and have a very quick response to let any problems that we have had in the house. Feel like we're treated like adults, not students and that they really value our custom.

  • They were very professional and helpful and did their utmost to provide great customer service and find us the exact property we were looking for that satisfied as many requirements as possible. The staff are very welcoming and friendly and were easy to approach with any concerns, requests or questions.

  • Brill company, extremely professional yet friendly and always happy to help! Great to chat to for advice, over all the best in Leeds!

  • They're simpy the best and super efficient!!

  • In a highly competitive category, this agency should be delighted with itself; the judges were extremely pleased to rewards its efforts with the gold. With a focus on students and young professionals the attitude and communication is well tailored to this audience. The team has an established presence across the social media platforms and uses social networking sites extremely well. The website is very good indeed and has a number of features expected by the young and tech savvy target audience. The directors value their staff and there is a very good mentoring scheme in place to develop negotiators into senior staff. As can be expected in student sharing tenancies, they are well versed in dispute resolution and manage to remedy any issues without legal recourse, so all parties come away happy with the results.

  • You've taken a hugh worry from my mind. Thank you so much for all your helpand advice. My tenants have also been really pleased with you which is really nice. Everything was really straightforward and the tenants have been great.

  • Sugarhouse Properties are always helpful when we have any problems with the house and always fix it immediately. They are constantly polite and friendly when we are in contact with them.

  • Many thanks for all your hard work; your administration is excellent and you communicated well with us throughout

  • We had our house on with XXXX for 4 months with no success and no feedback. Sugarhouse advised me to organise some minor improvements and had the house rented within a week!

  • Such friendly and helpful people! All staff are easy to talk to and are open to questions no matter how many! Definitely recommend to anyone looking for a house!

  • I have recently organised a house for next year with Sugarhouse and everything went as quick and easy as possible. The team are a great example to all other letting agencies, with their professionalism and commitment. They also make your house-viewing fun, which is very important

  • When we were looking for a house they were so helpful in trying to find what we wanted. Whenever we had problems at the house they are always very quick at responding and fixing the problem. We are very happy with the service they have provide and if we were not in our third year we would definately use them again

  • Great houses with really good facilities. Always reply straightaway and send someone round within the next 2 days. Staff are so friendly!