We are pleased to list a new one bedroom flat in Yatton. Video tour is below and more information can be found on our lettings page.
We are pleased to announce that we will be attending this year's Landlord Expo. We'll have more details nearer the time but info on the Expo can be found here http://www.landlordexpo.co.uk
It may seem easy to buy a property, renovate it and let it out for a monthly rent. However, being a successful landlord requires more than that. You need to think of yourself as a professional and work with the mindset of a business person in order to manage your investment properties efficiently.
Without the pre-requisite experience, it is easy to lose money, time and resources by making the following common mistakes:
If you're a landlord who has been considering letting your property out on a short term basis but don’t want the hassle of managing the listing/bookings then please get in touch on 0117 379 0067. http://www.greenacornholidayhomes.com
To start the new year off, we have a guest article from Landlord News:
It’s a well-known fact that landlords have been dealt a serious blow over the last year or so, with the Stamp Duty hike and changes to regulation. So what new changes do you need to be aware of going into 2017?
While the New Year brings the promise of a fresh start and new opportunities, it also brings with it some new rules for landlords.
Whether you’re a new or seasoned investor, you must keep up to date with the law and your obligations.
So what do you need to know going into 2017?
Mortgage Interest Tax Relief
The biggest change that you must be aware of is the restriction to mortgage interest tax relief.
From 6th April 2017, the amount of income tax relief that landlords can claim on residential property finance costs will be cut to the basic rate of tax. The change will be gradually introduced over a four-year period, meaning it will be fully operational from 6th April 2020.
The restriction will affect anyone who lets residential properties as an individual, or in a partnership or trust, and will change how you receive relief for interest and other finance costs.
Worryingly, it is believed that many landlords will end up making losses as a result of the change. The Government’s guide explains how the restriction will affect you.
Housing and Planning Act
Although the Housing and Planning Act was awarded royal assent on 12th May this year, its measures are unlikely to be introduced until next year or even later.
Some of the most important provisions included in the act are:
- Recovering abandoned property – The law will make it possible for landlords of Assured Shorthold Tenancies (ASTs) to recover possession of their properties in England without a court order.
- New fitness test for Houses in Multiple Occupation (HMO) licences – New criteria will be added to the existing HMO licence application fitness test.
- New banning offence for rogue landlords and agents – Local authorities will be able to apply to the First Tier Tribunal for a banning order to prevent rogue landlords and letting agents who consistently flout the law from operating.
Blacklist of Rogue Landlords
As mentioned above, a new banning offence will be introduced through the Housing and Planning Act 2016. Those that are issued a banning order will also find themselves on a blacklist of rogue landlords and agents, which will be managed by local authorities.
The Housing Minister, Gavin Barwell, announced recently that the blacklist will be in operation from autumn 2017.
To avoid finding yourself on the blacklist, remember to stick to the law and protect your tenants at all times. Specialist Landlord Insurance provider Just Landlords reminds all those in the property industry to put their tenants’ health, safety and comfort at the core of their lettings business.
Letting Agent Fee Ban
In his first Autumn Statement, Chancellor Philip Hammond controversially announced a ban on letting agents charging tenants fees. Similarly to the rules operated in Scotland, letting agents will be prohibited from charging fees to tenants for a range of administration work.
Worryingly, it is believed that landlords will be forced to put their rents up due to having to absorb the costs. While a date for the ban has not yet been announced, the Chancellor insisted that it will be introduced “as soon as possible”.
Merry Christmas and Happy New Year from everyone at Green Acorn Property. We will be closed the following days over the holiday period:
|Christmas Eve (Saturday 24th Dec)||Closed|
|Christmas Day (Sunday 25th Dec)||Closed|
|Boxing Day (Monday 26th Dec)||Closed|
|Bank Holiday (Tuesday 27th Dec)||Closed|
|Wednesday 28th December||Open|
|Thursday 29th December||Open|
|Friday 30th December||Open|
|New Year’s Eve (Saturday 31st Dec)||Closed|
|New Year’s Day (Sunday 01st Jan)||Closed|
|Bank Holiday (Monday 02nd Jan)||Closed|
|Bank Holiday (Tuesday 3rd Jan)||Closed|
|Wednesday 4th Jan||Open|
If you have genuine EMERGENCY and you need help IMMEDIATELY please call one of the following:
|Gas||0800 111 999|
|Bristol Water||08457 023 797|
|Wessex Water||08456 044 600|
|Locksmith||07515 115 941 (Terry)|
|Plumbing||01373 469 430 (Spectrum Property)|
|Electrician||01373 469 430 (Spectrum Property)|
|Emergency Maintenance||07806 546 120 (Shaun)|
As always any non-urgent matters should be submitted at http://www.greenacornproperty.com/contact/email-us or you can leave a message for us via 0845 056 4457.
Green Acorn Property head quarters moves to 16 Whiteladies Road, Clifton, BS8 2LG.
We will be vacating our Redland Chandos Road office by the 1st December 2016.
We have just added a new studio to our lettings page which will be available in Clifton on the 15th December.
Video tour below and more info on our letting page.
We have just added a newly refurbished 2 bed furnished flat in Yatton. Video tour is below and more information can be found on our Lettings page.
We have just taken on a beautiful short term let in Southville. Video tour below and more information can be found on our letting page.
We are happy to announce we are now taking bookings on our second holiday let in central Bath. You can find details on the apartment here:
Green Acorn Property are proud to have our first holiday apartment in central Bath. Our second is due to open in August 2016.
A video of it can be seen below.
Bookings can be made on www.greenacornholidayhomes.com