Legal Insights For Landlords: Staying Compliant In 2024
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
by Luscombe & Co
1M ago
As a responsible landlord, staying abreast of legal requirements is crucial to ensuring smooth operations and safeguarding your investment. With the evolving landscape of property legislation, it’s essential to understand the latest updates to stay compliant and protect your interests. Here are some key legal insights every Newport landlord should know in 2024: EPC Regulations Energy Performance Certificate (EPC) regulations continue to be a priority for landlords. Ensure that your property meets the minimum energy efficiency standards, especially with the ongoing focus on reducing carbon emis ..read more
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Financial Planning Tips Every Landlord Should Know
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
by Luscombe & Co
2M ago
As a landlord, managing your finances effectively is crucial for long-term success. Here are some key financial planning tips to help you navigate the complexities of property ownership and ensure your investments thrive. Create a Budget Start by outlining all your income sources and expenses related to your rental properties. This will give you a clear understanding of your financial situation and help you identify areas where you can cut costs or increase revenue. Set Aside Emergency Funds Unexpected expenses can arise at any time, from major repairs to prolonged vacancies. Having a reserve ..read more
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For Landlords Who Hold Holiday Lets: Checking Furnished Holiday Let Property Occupancy
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
by Luscombe & Co
2M ago
The furnished holiday let (FHL) rules allow holiday lettings of properties that meet certain conditions to be treated as a trade for tax purposes. In order to qualify as a furnished holiday letting, the following criteria need to be met: The property must be let on a commercial basis with a view to the realisation of profits. Second homes or properties that are only let occasionally or to family and friends do not qualify. The property must be located in the UK, or in a country within the EEA. The property must be furnished. This means that there must be sufficient furniture provided for nor ..read more
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Spring Budget 2024: Implications For Property Investors And Developers
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
by Luscombe & Co
3M ago
The Spring Budget of 2024 has introduced several pivotal changes that will significantly impact property investors and developers across the UK. From the abolition of tax relief on mortgage interest for furnished holiday lettings to the end of multiple dwellings relief (MDR) and adjustments to Capital Gains Tax (CGT), these measures are poised to reshape the landscape of property investment and development. Here’s a closer look at what these changes entail and their implications for the sector. Abolition of Tax Relief on Mortgage Interest for Furnished Holiday Lettings One of the most signific ..read more
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Why Investing in Newport is a Smart Choice for Landlords Right Now
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
by Luscombe & Co
3M ago
As we step into 2024, the property rental market presents an array of enticing opportunities for savvy landlords. Here’s why investing in rental properties this year is a strategic move: Strategic Location and Connectivity Newport’s geographical positioning is nothing short of strategic. Nestled between the bustling capital city of Cardiff and the gateway to England, Bristol, Newport enjoys the benefits of proximity to major urban centres without the premium price tag associated with these locations. This advantage is bolstered by exceptional transport links, including direct rail and road con ..read more
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Understanding Newport’s Council Tax Premium: What You Need to Know
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
by Luscombe & Co
3M ago
In Newport, Wales, changes are coming to council tax for long-term empty properties and second homes. Here’s what you need to know: What is a Council Tax Premium? A council tax premium is an extra amount added to the standard council tax bill. Its goal is to: Encourage the use of long-term empty homes for safe, secure, and affordable housing. Support councils in providing more affordable housing and enhancing local communities. Who Will Be Charged? From April 2024, long-term empty properties will face a 100% council tax premium. Second homes will have the same premium from April 2025. Definiti ..read more
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The Art Of Matchmaking: How Letting Agents Unite Landlords With Ideal Contract Holders
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
by Luscombe & Co
4M ago
In the intricate world of property management, letting agents in Newport play a pivotal role akin to matchmakers, orchestrating unions between landlords and contract holders. Just as a matchmaker seeks compatibility and harmony in relationships, letting agents strive to create the perfect match between property owners and those seeking a place to call home. Let’s explore the art of matchmaking in the realm of Newport’s letting agents. Understanding the PreferencesLike seasoned matchmakers, letting agents start by understanding the unique preferences of both landlords and contract holders. Land ..read more
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Love is in the Air: Why We Adore Newport, South Wales Properties and The Love Language of Landlords
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
by Luscombe & Co
4M ago
Nestled in the heart of South Wales, Newport is a hidden gem that has been capturing the hearts of residents and investors alike. With its blend of historical charm and modern conveniences, it’s no wonder why Newport properties are popular for the rental market . As professional letting agents, we’ve seen firsthand the growing affection for this vibrant community. But what elevates a simple property transaction into a love affair between landlords and contract holders? It’s all about speaking the right love language. The Charm of Newport Newport, with its scenic landscapes, close proximity to ..read more
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Strategic Winter Planning for Newport Landlords
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
by Luscombe & Co
5M ago
Elevate Your Property Portfolio and Maximise Rental Returns As winter sets in, Newport landlords are presented with a unique opportunity to strategically plan and optimise their property portfolios. This guide unveils actionable tips for enhancing your rental properties, ensuring they align with market demands and maximising returns. Winter Property Portfolio Review Kickstart your strategic planning by conducting a thorough review of your property portfolio. Assess the performance of each property, considering factors like contract holder satisfaction, market demand, and overall condition. Thi ..read more
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5 Minute Guide to Winter-Proofing Your Property
Luscombe Lettings |Property Blog | Letting Agents in Newport, South Wales
by Luscombe & Co
5M ago
As the colder months approach, ensuring your rental property is winter-ready is crucial for both contract holder satisfaction and the longevity of your investment. Conducting a quick but thorough health check can save you from potential issues down the line. Here’s a 5-minute guide to winter-proofing your property. Exterior Inspection Begin outside. Check for cracks in the walls, loose roof tiles, or any signs of water damage. Ensure that gutters are clear of leaves and debris, preventing potential leaks. Heating Systems A warm and cosy home is a happy home. Test the heating system to guarant ..read more
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