right up your street.

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "right up your street."

Transcription

1 buy to let landlords guide right up your street. More and more people are renting. As a landlord you ve got enough to think about, without worrying if you ve made the right financial choices. Our advisers have access to many mortgage deals you won t find available directly from high street lenders and can advise on our award winning protection and general insurance products. With their knowledge and expertise, combined with our brand strength you should feel confident about the financial decisions you re making.

2 02 buy to let landlords guide Getting started Buy to let isn t a get rich quick option and there s a lot to consider before you decide to go ahead. For many it can be an investment or a route to additional income in the future. But you ll need to be cautious, take advice and treat it as a business deal. This guide is designed to cover some of the basics. While we ve done everything we can to make sure we ve covered what you need to know, we always recommend seeking professional advice on the legal, tax and mortgage related areas of a buy to let purchase. THE BASICS TENANTS If you re planning on buying a property specifically to rent out, you ll need to decide what type of tenant you want to rent to. Are you hoping to appeal to a family or a young professional couple? Or, if you have a property you plan to rent out what type of people would your property appeal to? It may appear obvious but it will make marketing your property so much easier if you know who you want to target. A family might want a location close to good schools and local parks. Where as a young professional couple may be more interested in good transport links and easy access to bars and restaurants. THE PROPERTY Having considered the market and the type of tenants you re hoping to attract, you may want to consider the level of decoration, furnishing and maintenance that may be required. These factors could all mean added expense to you, but could help you command more rent.

3 buy to let landlords guide 03 THE MORTGAGE Finding a good mortgage deal is the key to making a good return. Buy to let mortgages generally require a larger deposit than regular loans. You will need to demonstrate to the lender that the rent received will cover the interest payments on the mortgage, with extra to spare. There are lots of buy to let mortgage deals around, so we would recommend that you take advice to ensure you get the very best deal. You also need to bear in mind there are no guarantees you ll have continuous letting of the property. There may be times when the property is empty, so you need to know how you ll cover those costs. VALUATION AND SURVEY As with any property purchase, your lender will require a valuation to check the property s value and, in buy to let terms, confirm the rental income you re hoping to repay the mortgage with. On receipt of the valuation make sure you re fully aware of any repairs or maintenance that need taking care of. Other than just the valuation, we would suggest having a complete building survey or mid-range home buyers report. This can be done at the same time as the valuation and could avoid any nasty surprises in the future. LEGAL ADVICE As soon as your offer has been accepted, you should appoint a solicitor or licensed conveyancer to give you legal advice and fulfil all the documentation needed to purchase the property. Once you ve bought your property and are looking to let it, it s important to use a solicitor to draw up a shorthold tenancy agreement. These are generally for 6 or 12 months and are important, as they ll give you the flexibility to ask your tenants to leave, if you should need to, after a certain period. Your property may be repossessed if you do not keep up repayments on your mortgage. Our appointed representatives may charge a fee of up to 1.5% of the loan amount for arranging a mortgage. The actual amount payable will depend on your circumstances. Not all buy to let mortgages are regulated by the Financial Services Authority.

4 04 buy to let landlords guide RENTING OUT AND MANAGING THE PROPERTY Once you ve found the right property, you need to decide whether to manage it yourself or to instruct a letting agent. Either way the following are considerations; FINDING THE RIGHT TENANTS AND OBTAINING REFERENCES Letting agent A letting agent will help you find the right tenants easily and quickly. They ll carry out credit reference checks and draw up a tenancy agreement. So you can be sure you ll have a contract that s legally binding. Self managed If you decide not to let through an agent, you ll need to arrange for an assured shorthold tenancy agreement to be drawn up by a solicitor. You ll then need to oversee the credit reference checks yourself. DECIDING ON HOW YOU RE GOING TO COLLECT THE RENT You may want to agree with your tenants that they pay your rent into a designated account on a monthly basis. Letting agents can manage this for you but they re likely to charge a management fee of between 10 to 20% of the monthly rent.

5 buy to let landlords guide 05 MAINTAINING THE PROPERTY As a landlord, you ll be legally required to keep the property safe. You ll have to get annual safety checks and certificates for the properties gas and electricity supplies. ENERGY PERFORMANCE CERTIFICATES (EPC) EPCs are compulsory for private rental and social housing, whenever a building in the social or private rented sectors is let to a new tenant. An EPC must be provided when written information about the property is offered to prospective tenants or when a viewing is conducted. An EPC on a rental property is valid for 10 years, unlike residential sales where they re only valid for 12 months. As a landlord, you ll be responsible for making sure the EPC is available for tenants when required, and if and when you sell the property. LEGAL RIGHTS FOR LANDLORDS AND TENANTS It s a good idea to keep up to date on the latest legislation affecting both you and your tenants. You can also look online at the Association of Residential Lettings Agents (ARLA) or National Association of Estate Agents (NAEA) for the latest information. A letting agent will also be able to help you. TENANCY DEPOSIT SCHEMES These schemes were created to benefit both landlords and tenants. They help tenants get all or part of their deposit back if they re entitled to it. Both parties are encouraged to make a clear agreement from the start of the tenancy agreement on the condition of the property, hopefully making any possible disputes easier to resolve. There are two types of tenancy deposit protection schemes available for landlords and letting agents. All schemes provide a free dispute resolution service. For more information visit TAX IMPLICATIONS Any property that s not your main residence and is bought for the purposes of renting out is classed as a business asset. You should seek professional advice on the full tax implications. Below are some useful points to keep in mind: 1. You re required to complete a self-assessment tax form and pay income tax on any income. 2. You may be able to offset mortgage interest against any tax liability. 3. You may be able to claim tax relief on your costs, for example, buildings insurance, cleaning, gardening and commission for letting agents. 4. You can usually claim a wear and tear allowance of 10% of the rent if the property is furnished. 5. You may be liable to capital gains tax on the sale of the property. To find out what the current limits are, visit

6 06 buy to let landlords guide PROTECTING YOUR INVESTMENT BUILDINGS AND CONTENTS COVER INSURANCE Adequate insurance protection for your investment property is usually a key requirement of any mortgage agreement. Arranging buildings insurance for your buy to let property is very straightforward. Designed with your needs in mind, you can choose the level of buy to let insurance cover that s right for you. You can start with our standard buildings cover then add on contents cover or increase your protection with optional accidental damage and malicious damage by tenants cover and/or legal expenses, rent guarantee and eviction of squatters cover. PROTECT YOUR BUY TO LET MORTGAGE With a considerable amount of time and money invested, your buy to let will be a precious asset. When money is tight we don t always want to think about insurance, but if your property is an income stream you should protect yourself against critical illness or death. If you were to pass away unexpectedly, having life insurance protection means your mortgage could be paid off in full. Not only that, but your spouse, registered civil partner or family would have greater financial security during a difficult time, with the option of continuing to let the property or selling it. Whatever your protection concerns for your buy to let, your adviser will be able to recommend a range of solutions to help protect your investment. LIFE ASSURANCE Our life assurance plans give you the option to receive a lump sum or monthly benefit, depending on the type of cover chosen. These plans could pay out in the event of your death or diagnosis of a terminal illness during the term of the plan. This could see your dependents benefit from the full sale value of the property or all the rental income, as this lump sum or monthly benefit can be used to help repay the mortgage. CRITICAL ILLNESS COVER Our Critical Illness Cover* gives you the option to receive a lump sum or monthly benefit, depending on the type of cover chosen. Upon death or diagnosis of one of our specified critical illnesses (including cancer, heart attack, stroke and multiple sclerosis), you could use this lump sum or monthly benefit towards the mortgage. For example, a monthly benefit could help with the cost of maintaining the buy to let and give you the option of paying a letting agent to manage and maintain the property. This would give you or your family time to concentrate on more important things, until you or they are able to manage the property or sell it. * as defined in the plan during the period of cover and are eligible to claim. as with all critical illness cover products, our policies do not cover all forms of cancer, particularly those that are non-invasive and those diagnosed early for example, some skin cancers. The full list of critical illnesses covered and their definitions are given in our Guide to Critical Illness Cover, ask your adviser for a copy.

7 buy to let landlords guide 07 OTHER FINANCIAL CONSIDERATIONS Inheritance tax (IHT) IHT planning has become more important than ever. With the Government freezing the nil rate band at 325,000 until 2014/15, more estates could find themselves caught in this tax net. If you re estate is over the nil rate band it s vital you understand it s implications and have some IHT planning in place. IHT is a complex subject and varies from person to person, which is why we strongly recommend seeking advice from your financial and legal adviser. LEGAL EXPENSES AND RENT GUARANTEE Adequate insurance protection for your buy to let is usually a key requirement of any mortgage agreement, but you may want to consider legal expenses or rent guarantee as an additional extra. This cover is also available for irrecoverable costs and fees needed against a civil claims case involving breach of a tenancy agreement. Our rent guarantee will cover rent arrears for up to 12 months or until vacant possession is gained, whichever happens soonest. Legal expenses and rent guarantee cover is available as an additional option with buy to let property insurance. Please note claims are handled on our behalf by DAS Legal Expenses Insurance Company Ltd. Limitations and exclusions apply, please refer to the policy document for further details, a copy is available on request. We hope you find this brochure useful. It s meant as a guide to help you. For more detailed information and help with your financial needs please talk to your Legal & General adviser.

8 CONTACT your adviser Legal & General Assurance Society Limited. Registered in England No Registered office: One Coleman Street, London EC2R 5AA Legal & General Partnership Services Limited. Registered in England No We are authorised and regulated by the Financial Services Authority. We are a member of the Association of British Insurers. Q /12 Approval number H131088

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Buy to Let investors guide

YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE. Buy to Let investors guide YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE Buy to Let investors guide On your side in Buy to Let Buying property to let as a long-term investment or to generate

More information

The genuinely helpful lettings agent.

The genuinely helpful lettings agent. The genuinely helpful lettings agent. YOUR MOVE A lettings service to suit you. There are lots of reasons to let a property. It may be an investment or a source of income. Perhaps you ve inherited a property,

More information

Choosing & financing your buy-to-let property

Choosing & financing your buy-to-let property Buy-to-let Guide Premier Property Lawyers is regulated by the Council for Licensed Conveyancers. Premier Property Lawyers Ltd is registered in England and Wales. Registered No: 04323405. A list of the

More information

Your Right to Buy Your Reading Borough Council Home

Your Right to Buy Your Reading Borough Council Home Your Right to Buy Your Reading Borough Council Home Information and advice for tenants (October 2015) Home Ownership Team 0118 937 2092 Your guide to buying your Council Home This booklet provides information

More information

Your step by step buy-to-let guide

Your step by step buy-to-let guide Your step by step buy-to-let guide by The Frost Partnership First time buy-to-let? Need help choosing a property? Financing your property Legal advice Considering the costs Will I make any money? Choosing

More information

HOME BUYING PLANNER MOVING MADE SIMPLE.

HOME BUYING PLANNER MOVING MADE SIMPLE. HOME BUYING PLANNER MOVING MADE SIMPLE. Since the 1980s, we ve been helping people to move home so we understand that the process can be expensive and stressful. With sensible expert financial advice and

More information

Mortgages. Becoming a Landlord. Things to consider before becoming a Buy to Let Landlord. Local knowledge. Mutual understanding.

Mortgages. Becoming a Landlord. Things to consider before becoming a Buy to Let Landlord. Local knowledge. Mutual understanding. BTL Guide:Layout 1 21/09/2015 16:32 Page 1 Mortgages Becoming a Landlord Things to consider before becoming a Buy to Let Landlord. Local knowledge. Mutual understanding. Finding a property If you are looking

More information

Mortgage Concepts Associates. Innovative & Independent Mortgage Advice. Guide to Mortgage Services

Mortgage Concepts Associates. Innovative & Independent Mortgage Advice. Guide to Mortgage Services Mortgage Concepts Associates Innovative & Independent Mortgage Advice Guide to Mortgage Services Mortgage Concepts Associates offer independent and innovative solutions to all of your mortgage requirements.

More information

What is buy-to-let? Buy-to-let refers to the purchase of a property specifically with the intention of renting it out.

What is buy-to-let? Buy-to-let refers to the purchase of a property specifically with the intention of renting it out. Buy-to-let Guide Buy-to-let Guide What is buy-to-let? Buy-to-let refers to the purchase of a property specifically with the intention of renting it out. This guide will provide an introduction to the buy-to-let

More information

Right to Buy your home

Right to Buy your home Right to Buy your home Plymouth Community Homes tenant s may have the right to buy the home they rent at a discounted price through the Right to Buy scheme. The Right to Buy scheme is a Government back

More information

Buy-to-let refers to the purchase of a property specifically with the intention of renting it out.

Buy-to-let refers to the purchase of a property specifically with the intention of renting it out. Buy-to-let Guide What is buy-to-let? Buy-to-let refers to the purchase of a property specifically with the intention of renting it out. This guide will provide you with an introduction to the buy-to-let

More information

Landlords; know your rights

Landlords; know your rights Landlords Guide 1 Landlords; know your rights From property repairs to securing a tenancy deposit, landlords have a number of responsibilities. However, renting out a property is a two-way street, and

More information

This guide is aimed to help you consider the right choices before adding new or further buy to let property to your investment portfolio.

This guide is aimed to help you consider the right choices before adding new or further buy to let property to your investment portfolio. Buy to Let Guide It has now become common for a buy to let property to form part of an individual s investment portfolio. Property has always been easy to understand in that it is tangible and therefore

More information

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE?

WHAT IS EQUITY RELEASE? WHY CONSIDER EQUITY RELEASE? WHAT IS EQUITY RELEASE? Equity Release can free some of the capital tied up in your home, while you continue to live there. This money can be in the form of a tax-free lump sum, a regular income or a combination

More information

A Guide to Buy to Let

A Guide to Buy to Let A Guide to Buy to Let Get in to Buy to Let Buying property to let as a long-term investment or to generate a regular income has become an increasingly popular option over recent years, and the demand from

More information

LETTINGS AND MANAGEMENT AGREEMENT

LETTINGS AND MANAGEMENT AGREEMENT LETTINGS AND MANAGEMENT AGREEMENT Landlord s Name/s: Landlord s Address: Property to Let Address: Telephone. Nos. Property: Home: Mobile: Work : Fax: E-mail: Bank details for rent to be paid into: A/C

More information

Buy to Let investors guide

Buy to Let investors guide Buy to Let investors guide YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE On your side in Buy to Let Buying property to let as a long-term investment or to generate

More information

A Small guide to some Insurance products that you have heard of, but, not sure what they mean!

A Small guide to some Insurance products that you have heard of, but, not sure what they mean! A Small guide to some Insurance products that you have heard of, but, not sure what they mean! Helping you to understand Insurance Please find our guide to some Insurance Products which we know you have

More information

Right to Buy. Owning your own home is closer than you think! from Paradigm

Right to Buy. Owning your own home is closer than you think! from Paradigm Tenants Right to Buy SCHEME Owning your own home is closer than you think! from Paradigm Tenants Right to Buy SCHEME There has never been a better time to consider buying your own home. With Tenants Right

More information

INHERITANCE TAX: THE FACTS

INHERITANCE TAX: THE FACTS INHERITANCE TAX: THE FACTS INHERITANCE TAX IT PAYS TO PLAN AHEAD I M NOT RICH ENOUGH TO WORRY ABOUT INHERITANCE TAX I NEED MONEY TO LOOK AFTER MYSELF IN MY OLD AGE I LL DO SOMETHING ABOUT IT LATER THESE

More information

SHARE PROTECTION TECHNICAL GUIDE YOUR GUIDE TO SHARE PROTECTION.

SHARE PROTECTION TECHNICAL GUIDE YOUR GUIDE TO SHARE PROTECTION. SHARE PROTECTION TECHNICAL GUIDE YOUR GUIDE TO SHARE PROTECTION. CONTENTS INTRODUCTION YOUR GUIDE TO SHARE PROTECTION HOW THE AGREEMENT OPERATES WHAT ARE THE main TAXATION EFFECTS ON THE ARRANGEMENT? OTHER

More information

11 Windsor End Beaconsfield Bucks HP9 2JJ Tel: 0845 222 11 77 Email:customer@whiteoakfinance.com

11 Windsor End Beaconsfield Bucks HP9 2JJ Tel: 0845 222 11 77 Email:customer@whiteoakfinance.com Buy to Let Investors Guide 11 Windsor End Beaconsfield Bucks HP9 2JJ Tel: 0845 222 11 77 Email:customer@whiteoakfinance.com On your side in Buy to Let Buying property to let as a long term investment or

More information

Your Right. to Buy Your Home. A guide for Scottish Secure Tenants

Your Right. to Buy Your Home. A guide for Scottish Secure Tenants Your Right to Buy Your Home A guide for Scottish Secure Tenants Your Right to Buy Your Home About this booklet This booklet is for Scottish secure tenants. If you are not a Scottish secure tenant, you

More information

LANDLORDS LETTINGS CHECKLIST FOR. Top 5 Questions NEW. Landlords need to answer. 1 Have I achieved the best rent for my property?

LANDLORDS LETTINGS CHECKLIST FOR. Top 5 Questions NEW. Landlords need to answer. 1 Have I achieved the best rent for my property? LETTINGS CHECKLIST FOR NEW LANDLORDS Top 5 Questions Landlords need to answer 1 Have I achieved the best rent for my property? 2 Should my rental income cover the mortgage? 3 Have I secured the correct

More information

PROBLEM SOLVING. 1. I m thinking of buying to let - where do I start?

PROBLEM SOLVING. 1. I m thinking of buying to let - where do I start? Top Buy to Let FAQs 1. I m thinking of buying to let - where do I start? If you re not sure whether buy to let is right for you or want to make sure you buy a property that ll give you the returns you

More information

Buy-to-Let Investor Guide

Buy-to-Let Investor Guide Buy-to-Let Investor Guide residential letting www.linleyandsimpson.co.uk Buy-to-let is a British phrase referring to the purchase of a property specifically to let out. A Buy-to-Let mortgage is a mortgage

More information

Just Mortgages Limited 110 Amiens Street, Dublin 1 t:/ f:/

Just Mortgages Limited 110 Amiens Street, Dublin 1 t:/ f:/ Just Mortgages Limited 110 Amiens Street, Dublin 1 t:/ 01-2051750 f:/ 01-205175 Email: info@justfinance.ie RESIDENTIAL INVESTMENT PROPERT Y Residential investment property is a tax-efficient and The Irish

More information

Mortgage advice you can depend on

Mortgage advice you can depend on Our Mortgage advice you can depend on Whether buying your first home, buying to let, or remortgaging, this guide tackles the main considerations. If you want to learn more and receive advice tailored to

More information

RIGHTMOVE S GUIDE TO. Letting. Why more people are renting. Understanding your responsibilities as a landlord. What to look for. Of rental properties

RIGHTMOVE S GUIDE TO. Letting. Why more people are renting. Understanding your responsibilities as a landlord. What to look for. Of rental properties RIGHTMOVE S GUIDE TO Letting A growing market Why more people are renting The legal element Understanding your responsibilities as a landlord Finding a tenant What to look for Understanding taxation Of

More information

MORTGAGE ADVICE YOU CAN DEPEND ON

MORTGAGE ADVICE YOU CAN DEPEND ON MORTGAGE ADVICE YOU CAN DEPEND ON INTRODUCTION Whether you re buying your first home, remortgaging, or purchasing an investment property, there are lots of processes to go through, issues to tackle and

More information

MORTGAGES4REAL LIMITED

MORTGAGES4REAL LIMITED WELCOME TO MIKE ROGERSON.CO.UK ESTATE AGENTS SURVEYORS LETTINGS MANGEMENT MIKE ROGERSON MORTGAGES4REAL LIMITED We know that taking out a mortgage will probably be the biggest financial commitment you can

More information

Deferred Payment Agreement (DPA) Fact Sheet

Deferred Payment Agreement (DPA) Fact Sheet Deferred Payment Agreement (DPA) Fact Sheet From April 2015, all councils in England are required to provide a Deferred Payment scheme for local residents. This will apply to anyone who owns a property

More information

PARKS RESIDENTIAL S TERMS & CONDITIONS

PARKS RESIDENTIAL S TERMS & CONDITIONS PARKS RESIDENTIAL S TERMS & CONDITIONS 1. LETTING SERVICE While the Agent are instructed to let the Property they will in the course of their service carry out the following:- 1.1. Advise on rents, furnishings

More information

Your Right. to Buy. A guide for Scottish Secure Tenants

Your Right. to Buy. A guide for Scottish Secure Tenants Your Right to Buy Your Home A guide for Scottish Secure Tenants Your Right to Buy Your Home About this booklet This booklet is for Scottish secure tenants. If you are not a Scottish secure tenant, you

More information

Conveyancing Guide. We welcome you as a client of Tyndallwoods and thank you for your instructions. Conveyancing has two basic stages

Conveyancing Guide. We welcome you as a client of Tyndallwoods and thank you for your instructions. Conveyancing has two basic stages Conveyancing Guide We welcome you as a client of Tyndallwoods and thank you for your instructions. This guide is part of the Tyndallwoods commitment to quality of service. We are well aware that moving

More information

A PLAN FOR EVERY BUSINESS.

A PLAN FOR EVERY BUSINESS. BUSINESS PROTECTION GUIDE TO THE RIGHT SOLUTION A PLAN FOR EVERY BUSINESS. With 99.9% of the UK s businesses being SMEs and more than half of these having no protection in place, there s an opportunity

More information

Thinking of buying your home?

Thinking of buying your home? Thinking of buying your home? We welcome your views At North Hertfordshire Homes we like to take your views into account when making decisions. We aim to provide a responsive, efficient and effective service

More information

Want to make your home your own? Your guide to buying your home under the Voluntary Right to Buy pilot

Want to make your home your own? Your guide to buying your home under the Voluntary Right to Buy pilot Want to make your home your own? Your guide to buying your home under the Voluntary Right to Buy pilot The Voluntary Right to Buy pilot 3 Thinking of applying? 4 Could you be eligible? 5 What discount

More information

HOME OWNERSHIP THE REAL COSTS

HOME OWNERSHIP THE REAL COSTS HOME OWNERSHIP THE REAL COSTS THE GOVERNMENT REQUIRES US TO PROVIDE YOU WITH THIS INFORMATION PURSUANT TO SECTION 121AA HOUSING ACT 1985 If you just compare the cost of a mortgage with the cost of your

More information

Low Cost Home Ownership

Low Cost Home Ownership Housing Services Low Cost Home Ownership Shared Ownership, Homebuy and Resales Telephone number: 01372 732428 contactus@epsom-ewell.gov.uk Contents Low Cost Home Ownership... 3 Keyworkers... 3 Shared Ownership...

More information

Buy-to-let guide about tax

Buy-to-let guide about tax Perrys Chartered Accountants Buy-to-let guide about tax Introduction As a buy-to-let landlord it is important you know about tax and how it affects you and your investment. This is why Perrys Chartered

More information

TERMS & CONDITIONS FULLY MANAGED SERVICE

TERMS & CONDITIONS FULLY MANAGED SERVICE TERMS & CONDITIONS FULLY MANAGED SERVICE For the purpose of this agreement the following definitions will apply:- Keywest Estate Agents Ltd shall be known as The Agent... shall be known as The Owner..

More information

Buying your home. Is this clear?

Buying your home. Is this clear? Is this clear? Do you or someone you know have any difficulty reading this booklet? All our information is available in large print, Braille, on audio cassette or CD, or translated into the language of

More information

Contents Who we are Our Services The Team Partners Price List F.A.Q s Contact Details

Contents Who we are Our Services The Team Partners Price List F.A.Q s Contact Details 1 2 3 Contents Who we are Our Services The Team Partners Price List F.A.Q s Contact Details 5 6 10 12 14 16 19 4 2 BUY IT. LET IT. PROFIT. 5 Cherish Property Management are a management company with a

More information

Guide to Selling and Buying your Home

Guide to Selling and Buying your Home Guide to Selling and Buying your Home Selling and buying property can be one of the most stressful periods in anyone s life. So, what can you do to ensure that the process goes as smoothly as possible?

More information

Norwich Union Stakeholder Pension. Your Guide

Norwich Union Stakeholder Pension. Your Guide Norwich Union Stakeholder Pension Your Guide Welcome to Norwich Union By choosing Norwich Union, you benefit from the financial strength of the UK s largest insurer. Together with millions of customers,

More information

Buy to Let Residential Properties

Buy to Let Residential Properties Buy to Let Residential Properties AWARDS 2015 Best Regional Building Society AWARD WINNERS for providing consistently competitive mortgages Be more than a number Buy to Let from the Cumberland we are here

More information

Mortgage Protection and Level Protection Key Features

Mortgage Protection and Level Protection Key Features Mortgage Protection and Level Protection Key Features Lifetime Protection Plan from Standard Life This is an important document. Please read it and keep for future reference. The Financial Conduct Authority

More information

CRITICAL ILLNESS COVER

CRITICAL ILLNESS COVER CRITICAL ILLNESS COVER IF LIFE WERE TO CHANGE overnight due to a critical illness, and you had to stop working to focus on your health, have you thought about what financial support you have in place?

More information

Non-resident landlords. How is tax calculated and when is it due? www.moorethompson.co.uk 1

Non-resident landlords. How is tax calculated and when is it due? www.moorethompson.co.uk 1 Non-resident landlords The scheme which operates for non-resident landlords is that a return must be submitted, and tax accounted for to HM Revenue and Customs (HMRC), on a quarterly basis, payment being

More information

A simple guide to shared ownership

A simple guide to shared ownership A simple guide to shared ownership Shared ownership is an easy and affordable way to buy your own home by purchasing a share in a property and paying rent on the remaining share. We help you work out what

More information

WILLS & ESTATE PLANNING GUIDE

WILLS & ESTATE PLANNING GUIDE WILLS & ESTATE PLANNING GUIDE Many people don t make a Will because it never seems to be the right time. We all lead busy lives and making a Will might not seem like a priority so we have made the process

More information

Right to Buy - information for Westminster Council tenants

Right to Buy - information for Westminster Council tenants Right to Buy - information for Westminster Council tenants Please read this information booklet carefully. It contains information on the following items: 1. Who has the Right to Buy 2. Under what circumstances

More information

CRITICAL ILLNESS COVER

CRITICAL ILLNESS COVER CRITICAL ILLNESS COVER IF LIFE WERE TO CHANGE overnight due to a critical illness, and you had to stop working to focus on your health, have you thought about what financial support you have in place?

More information

SHARED OWNERSHIP LEASES. What is shared ownership leasehold and how does it work?

SHARED OWNERSHIP LEASES. What is shared ownership leasehold and how does it work? SHARED OWNERSHIP LEASES What is shared ownership leasehold and how does it work? Contents Purpose of this leaflet... 3 What is leasehold... 3 What is a shared ownership lease... 3 What are the differences

More information

GUIDE TO RENTING IN THE UK

GUIDE TO RENTING IN THE UK GUIDE TO RENTING IN THE UK How to rent a property in the UK The process of renting a home and your tenant rights may differ across the world, but there are some generic considerations that remain the same.

More information

FLEXIBLE MORTGAGE ISA PLAN KEY FEATURES. FOR AN ADDITIONAL PLAN. This is an important document. Please keep safe for future reference.

FLEXIBLE MORTGAGE ISA PLAN KEY FEATURES. FOR AN ADDITIONAL PLAN. This is an important document. Please keep safe for future reference. FLEXIBLE MORTGAGE ISA PLAN KEY FEATURES. FOR AN ADDITIONAL PLAN. This is an important document. Please keep safe for future reference. 2 FLEXIBLE MORTGAGE ISA PLAN KEY FEATURES FOR AN ADDITIONAL PLAN ABOUT

More information

Can I buy my Accent Home?

Can I buy my Accent Home? Can I buy my Accent Home? Stay in touch T: 0345 678 0555 E: customerservices@accentgroup.org @accentgroupltd Offi ce addresses and opening times are available on our website www.accentgroup.org AG17 2

More information

Tenants Guide to the Right to Buy

Tenants Guide to the Right to Buy Contents Section Page No. 1 Welcome to our Right to Buy Guide 2 2 Our Service Standards 3 3 Warning Cold Callers 4 4 Introduction to Right to Buy 5 5 Steps in the Right to Buy process 6 6 The Section 125

More information

What is shared ownership?

What is shared ownership? What is shared ownership? Shared ownership is a form of low cost home ownership that combines renting with buying. It is aimed at people who want to have a stake in owning their home but can t buy outright

More information

The progress of a dispute

The progress of a dispute The progress of a dispute You have reached the end of the tenancy but can t agree what should happen to the deposit. What should you do now? This document explains: how you bring your dispute to us; how

More information

Remortgaging guide 1. Remortgaging guide. We re with you every step of the way

Remortgaging guide 1. Remortgaging guide. We re with you every step of the way Remortgaging guide 1 Remortgaging guide We re with you every step of the way Remortgaging guide 2 With so many different mortgages out there to choose from, deciding which one is best for you can be a

More information

Information On Buying A Home

Information On Buying A Home Gateway To Affordable Housing NEW SUPPLY SHARED EQUITY Information On Buying A Home ALL YOU NEED TO KNOW ABOUT NEW SUPPLY SHARED EQUITY The Association is delighted to announce the sale of 32 properties

More information

If, however, you have any further questions that we have not answered here, then please do not hesitate to contact us.

If, however, you have any further questions that we have not answered here, then please do not hesitate to contact us. This below details a summary of services available from Harvey Scott and an overview of the responsibilities of a landlord. If, however, you have any further questions that we have not answered here, then

More information

Keeping up with mortgage repayments

Keeping up with mortgage repayments Keeping up with mortgage repayments This information is an extract from the booklet Housing costs, which is part of our Financial guidance series. You may find the full booklet helpful. We can send you

More information

A Shelter guide. Rent arrears. How to cope with rent arrears

A Shelter guide. Rent arrears. How to cope with rent arrears A Shelter guide Rent arrears How to cope with rent arrears Rent arrears This guide is for people who are having problems paying their rent, or who are at risk of losing their home because they owe rent

More information

My New Home Grant. Information leaflet Frequently Asked Questions (FAQs)

My New Home Grant. Information leaflet Frequently Asked Questions (FAQs) www.islington.gov.uk My New Home Grant Information leaflet Frequently Asked Questions (FAQs) This leaflet explains how My New Home Grant can help Islington Council tenants buy a home on the open market.

More information

The Government s tax changes for buy-to-let landlords could significantly eat into profits and potentially wipe them out completely.

The Government s tax changes for buy-to-let landlords could significantly eat into profits and potentially wipe them out completely. Buy-to-Let and Tax Implications The Government s tax changes for buy-to-let landlords could significantly eat into profits and potentially wipe them out completely. Chancellor George Osborne has announced

More information

PROTECTION GIFT TRUSTS ABSOLUTE TRUST PACK.

PROTECTION GIFT TRUSTS ABSOLUTE TRUST PACK. PROTECTION GIFT TRUSTS ABSOLUTE TRUST PACK. Technical Guide Absolute Trust Deed 2 PROTECTION GIFT TRUSTS ABSOLUTE TRUST PACK INTRODUCTION This guide has been written to explain what an Absolute Trust is,

More information

In simple terms your return on investment of renting out a property is affected by two main things: rental income and your expenses.

In simple terms your return on investment of renting out a property is affected by two main things: rental income and your expenses. Copyright 2015 Letcom property agents 2015 Table of Contents 1 Introduction...2 2 Return on Your Investment...2 2.1 Rental Income...2 2.2 Expenses...3 3 Agreements and Legal Requirements...3 3.1 Agency

More information

Your guide to Inheritance Tax (IHT)

Your guide to Inheritance Tax (IHT) Providing Financial Education Your guide to Inheritance Tax (IHT) This guide is designed to help you through the maze of how IHT works, outlining who needs to be concerned and how you can mitigate its

More information

Introduction 1. Accommodation 2. Safety and Household Furnishings 3. Responsibilities 4. Taxation 5. Insurance 6. Rental 7.

Introduction 1. Accommodation 2. Safety and Household Furnishings 3. Responsibilities 4. Taxation 5. Insurance 6. Rental 7. Contents Introduction 1 Accommodation 2 Safety and Household Furnishings 3 Responsibilities 4 Taxation 5 Insurance 6 Rental 7 Managing Agents 8 Tenancy Agreement 9 Agreement 10 Marketing 11 Letting and

More information

PROTECTION GIFT TRUSTS FLEXIBLE TRUST PACK.

PROTECTION GIFT TRUSTS FLEXIBLE TRUST PACK. PROTECTION GIFT TRUSTS FLEXIBLE TRUST PACK. Technical Guide Flexible Trust Deed 2 PROTECTION GIFT TRUSTS FLEXIBLE TRUST PACK INTRODUCTION This guide has been written to explain what a Flexible Trust is,

More information

A guide to the Right to Buy scheme

A guide to the Right to Buy scheme A guide to the Right to Buy scheme We are committed to providing fair opportunity to access information. If you would like information in another language or format such as Braille, audio or large print,

More information

ENHANCED LIFETIME MORTGAGE PRODUCT BROCHURE

ENHANCED LIFETIME MORTGAGE PRODUCT BROCHURE seeing retirement differently seeing retirement differently ENHANCED LIFETIME MORTGAGE CELEBRATING CELEBRATING YEARS sin ce 1 9 9 5 YEARS sin ce 1 9 9 5 WHAT IS THE PURPOSE OF THIS DOCUMENT? This document

More information

GUIDE TO THE RIGHT TO ACQUIRE. May 2015

GUIDE TO THE RIGHT TO ACQUIRE. May 2015 GUIDE TO THE RIGHT TO ACQUIRE May 2015 Guide to the Right to Acquire Introduction The Right to Acquire is a scheme giving eligible tenants of Registered Providers which are mainly housing associations,

More information

Agency Contract Terms and Conditions

Agency Contract Terms and Conditions P1/terms & conditions/ Agency Contract Terms and Conditions Full address of property to be let: Post Code: Full name of Landlord : Address: Tel (Mbl) Post Code: Email Address: Agreed initial Rental:..

More information

RELEVANT TECHNICAL LIFE GUIDE PLAN TO THE RELEVANT LIFE PLAN RELEVANT LIFE PLAN TECHNICAL GUIDE.

RELEVANT TECHNICAL LIFE GUIDE PLAN TO THE RELEVANT LIFE PLAN RELEVANT LIFE PLAN TECHNICAL GUIDE. RELEVANT TECHNICAL LIFE GUIDE PLAN TO THE RELEVANT LIFE PLAN 1 RELEVANT LIFE PLAN TECHNICAL GUIDE. 2 TECHNICAL GUIDE TO THE RELEVANT LIFE PLAN ABOUT THIS GUIDE This guide has been designed for financial

More information

A Professional Approach to Short Term Lending Secured against Land or Property

A Professional Approach to Short Term Lending Secured against Land or Property A Professional Approach to Short Term Lending Secured against Land or Property 2012 Edition A Professional Approach to Short Term Lending Secured against Land or Property Introduction The members of the

More information

First Time Buyer Mortgage Information

First Time Buyer Mortgage Information First Time Buyer Mortgage Information If you re thinking about a Mortgage for your first home talk to us today A good time to talk to us? We re here to listen and help you whenever you need to talk to

More information

Your Policy Conditions

Your Policy Conditions Provided by Friends Life Life Insurance Your Policy Conditions Key features of Tesco Bank Life Insurance Inside you ll find full details about Tesco Life Insurance. Key features of Tesco Bank Life Insurance

More information

Guide to Relevant Life Policy and Trust

Guide to Relevant Life Policy and Trust Guide to Relevant Life Policy and Trust Relevant Life Policies are a tax-efficient way of providing death-in-service benefits on an individual basis to company directors and other company employees, no

More information

Everything you need to know about FirstBuy

Everything you need to know about FirstBuy Everything you need to know about FirstBuy Your own home within reach at last www.dwh.co.uk 2 We re making it easier for you to buy your first home Moving into your own home for the first time is one of

More information

CML guidance for lenders the role of LPA receivers

CML guidance for lenders the role of LPA receivers CML guidance for lenders the role of LPA receivers Introduction This guidance has been produced for CML members and outlines the basic circumstances and considerations of appointing a Law of Property Act

More information

KEY FEATURES OF THE RELEVANT LIFE PLAN.

KEY FEATURES OF THE RELEVANT LIFE PLAN. RELEVANT LIFE PLAN KEY FEATURES OF THE RELEVANT LIFE PLAN. LIFE COVER This is an important document which should be kept in a safe place. 2 RELEVANT LIFE PLAN KEY FEATURES USING THIS DOCUMENT. WHAT ARE

More information

Planning for Care Costs. The Options in Scotland

Planning for Care Costs. The Options in Scotland Planning for Care Costs The Options in Scotland For more information or to speak to one of our trained advisers please telephone our team on 0800 152 2037 Solicitors For Older People Scotland 1/7/2012

More information

banking Your House A guide to buying an investment property www.bendigobank.com.au

banking Your House A guide to buying an investment property www.bendigobank.com.au banking Your House A guide to buying an investment property www.bendigobank.com.au Your House A guide to buying an investment property Investing in real estate was once a difficult and stressful market

More information

NOW S THE TIME TO TAKE INTEREST.

NOW S THE TIME TO TAKE INTEREST. REMORTGAGE THE RIGHT WAY NOW S THE TIME TO TAKE INTEREST. We know how precious your spare time is. An adviser can take all the hard work off your hands when you look into remortgaging. With dedicated experts

More information

The 2015 Landlord s Guide to tax, allowances and obligations

The 2015 Landlord s Guide to tax, allowances and obligations presents... The 2015 Landlord s Guide to tax, allowances and obligations While many people may have the desire to become a landlord of some sort, whether just owning a single flat as an investment, or

More information

KEY MORTGAGE INFORMATION & EXPLANATIONS

KEY MORTGAGE INFORMATION & EXPLANATIONS KEY MORTGAGE INFORMATION & EXPLANATIONS THE SOCIETY Within this document reference to we us and our refers to the Society, full details of which are: Tipton & Coseley Building Society, 70 Owen Street,

More information

MORTGAGES. The easy guide for customers looking for a mortgage

MORTGAGES. The easy guide for customers looking for a mortgage MORTGAGES The easy guide for customers looking for a mortgage Introduction Buying a Home Your home is where you ll spend most of your life, and so it should be somewhere you really love. Whether buying

More information

If you have any enquiries about moving or you want more details about the schemes listed here please contact us.

If you have any enquiries about moving or you want more details about the schemes listed here please contact us. Moving Home Schemes To Help You Move If you have any enquiries about moving or you want more details about the schemes listed here please contact us. Transfers Any residents of the Association can apply

More information

Protecting your assets. Simple steps to providing for your family and friends

Protecting your assets. Simple steps to providing for your family and friends Protecting your assets Simple steps to providing for your family and friends Contents 02 Inheritance tax 04 Do you know how much you re worth? 06 Reducing the effect of inheritance tax 09 Protecting your

More information

Information to help tenants decide whether to exercise their Right to Buy

Information to help tenants decide whether to exercise their Right to Buy THINKING OF BUYING YOUR COUNCIL HOME? Information to help tenants decide whether to exercise their Right to Buy Introduction When buying a council house or bungalow, you will purchase the freehold and

More information

An adviser s guide to the Discretionary Loan Trust

An adviser s guide to the Discretionary Loan Trust XIM/DLT/ADGUIDE For advisers only. Not for use with customers. An adviser s guide to the Discretionary Loan Trust Contents Background 3 What is the Discretionary Loan Trust? 4 Who is the Trust suitable

More information

Residential Property Letting Tax Guide

Residential Property Letting Tax Guide Residential Property Letting Tax Guide www.haslers.com Property tax: a Haslers guide If you have invested in property to provide a home for yourself or a family member, or to let out on a small scale,

More information

PROTECTION GIFT TRUSTS DISCRETIONARY TRUST PACK.

PROTECTION GIFT TRUSTS DISCRETIONARY TRUST PACK. PROTECTION GIFT TRUSTS DISCRETIONARY TRUST PACK. Technical Guide Discretionary Trust Deed 2 PROTECTION GIFT TRUSTS DISCRETIONARY TRUST PACK INTRODUCTION. This guide has been written to explain what a Discretionary

More information

Guide to trusts and being a trustee

Guide to trusts and being a trustee Contents P3 P4 P5 Fast facts Could you use a trust? What are the benefits? P10 What trusts do we offer? P10 The split trust P10 The gift trust P10 The probate trust P10 Trusts for joint life policies P11

More information

BUSINESS PROTECTION LEGAL & GENERAL S BUSINESS PROPERTY WILL TRUST SOLUTION.

BUSINESS PROTECTION LEGAL & GENERAL S BUSINESS PROPERTY WILL TRUST SOLUTION. BUSINESS PROTECTION LEGAL & GENERAL S BUSINESS PROPERTY WILL TRUST SOLUTION. CONTENTS INHERITANCE TAX PLANNING WITH BUSINESS PROPERTY WITHOUT WILL TRUST PLANNING WITH WILL TRUST PLANNING CASE STUDY SPECIMEN

More information

Rent to Buy Scheme (RTBS) Information Brochure The White House, Glenfinnan, PH37 4LS

Rent to Buy Scheme (RTBS) Information Brochure The White House, Glenfinnan, PH37 4LS Rent to Buy Scheme (RTBS) Information Brochure The White House, Glenfinnan, PH37 4LS Glenfinnan Rent to Buy Scheme 1 The Rent to Buy Scheme (RTBS) An exciting opportunity to rent, then buy a home in the

More information