EPISODE · Jun 27, 2019 · 16 MIN
Breaking news for landlords which could prevent you gaining possession of your property under Section 21
from Money Tips Daily by Charles Kelly, former IFA and author of · host Charles Kelly Business Coach
I recently attended a landlord’s meeting and was shocked at the lack of knowledge in the room, especially regarding important changes which came into effect this month. Firstly, new legislation came into effect from the 1st of June under the Tenants Fees Act 2019 regarding charging tenants – what you can and cannot charge tenants. If you are a landlord and you ignore new letting rules, you could face fines of up to £30,000 and a criminal charge, according to the National Landlords Association (NLA). Secondly, many of the landlords were unaware of Section 24 removing mortgage interest tax relief on their buy-to-let mortgage. Finally, landlords had no idea that following a court ruling (Caridon Property Ltd v Monty Shooltz) Section 21 notices are invalid unless the gas safety certificate has been given to the tenant before the tenancy agreement has been signed. Listen for more details and PM Theresa May's speech this week on abolishing "no fault evictions", confirming the government's intention to repeal Section 21 of the 1988 Housing Act. The Government will shortly launch a consultation as to the proposed repeal of section 21 of the Housing Act 1988 in which landlords will have the opportunity to give their views to the government on this major proposed change. If you like further details a property courses, such as a one-day introduction to property investing, see learn how to build a property portfolio or drop me a line to [email protected] I have a limited number of complimentary tickets to attend an excellent course run by experts, which will give you a clear overview into the market. Here are some of the courses coming up in the next few months: Multiple Streams Of Property Income (Three days of world-class training) Beginner Property Secrets (Full days training) Deal Packaging Discovery Day Serviced Accommodation Discovery No Money Down Discovery For full details and a list of further courses click here to learn how to become a UK property investor.
Embed this episode
NOW PLAYING
Breaking news for landlords which could prevent you gaining possession of your property under Section 21
No transcript for this episode yet
Similar Episodes
No similar episodes found.
Similar Podcasts
No similar podcasts found.