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Investment in property is many people’s go-to choice for generating a second income. Many people choose the buy-to-let route, however there are some important factors to consider before jumping into the property market.

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Every landlord wants to save time on their tax return. With cloud-based digital tax software, this is now a possibility for all time-pressed landlords. Regardless of whether you’re a portfolio landlord, run an HMO or accidentally became a landlord- this type of software offers the following benefits: 

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MEES (Minimum Energy Efficiency Standards) is almost upon us on with the 1st April 2018 as the date of implementation, which means landlords must ensure their buy-to-let meets minimum standards.

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 Some relief for landlords as Gas Safety Regulations are amended to allow more flexibility with the legally required renewal of the gas safety certificate. The changes are subject to being approved by Parliament (though it seems likely it will be passed) and would take effect on 6 April 2018.

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Research from Scottish Widows has found that 38% of private renters would not be financially secure if the main income in their household was lost. 39% of renters said that if they fell seriously ill, they would be unable to pay their rent and may be left homeless. This is unsurprising, considering 34% of tenants’ take home pay is spent on rent on average, compared to 18% for homeowners.

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James Davis, CEO and Founder of Upad, writes a message to all Upad landlords.

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