Why Are Student Landlords Setting Up Limited Companies for Their Rentals?
Since 2017 the number of limited companies being set up by landlords holding properties has tripled, with 300,000 being recorded in 2022. In fact, it is estimated that 40% of all new buy to let purchases are now made via a company structure.
This change in legal entity for many landlords of student properties was brought about by the alternations in the tax relief system which was announced in 2015, known as Section 24 and changed how landlords were taxed on their rental income.
This blog looks at why landlords with a portfolio of student houses have started switching to owning properties as a limited company and the pros and cons of such a move.Read more
Everything You Need to Know About Being a Guarantor
As a student or young professional, when looking to rent a private property or a room in a house of multiple occupancy (HMO) you, the prospective tenant, may be asked to provide a guarantor. This is someone who is legally responsible for the rent, if you don’t or can’t pay or for any damage that occurs during your tenancy.Read more
Everything You Need to know About Student Tenancy Deposits
So, you’ve found a great student property for you and your mates, signed a contract and now you need to pay the tenancy deposit also known as a rental deposit.
Tenancy deposits are a critical part of renting a property as a student, acting as a security which provides landlords with protections should any damage occur to the property. In this blog we’ll look at the ins and outs of rental deposits, what they are, how they are protected and what to do it if you have any issues in receiving it back at the end of a tenancy.Read more