RLA Conference – Future Renting Wales

RLA Conference - Future Renting Wales

On Thursday 30 November 2017, between 9am and 4.45pm, we will be exhibiting at the Future Renting Wales Conference at the Jury’s Inn, Cardiff.

Future Renting Wales is a new, national one day conference for the private rented sector. Private renting in Wales is undergoing massive change. Landlord registration and agent and landlord licensing were fully implemented last year, as part of Rent Smart Wales, while the Renting Homes Act will introduce a standard tenancy contract, new safety and minimum property standards for homes over the next few years.

There will be a number of high profile speakers at the event and we have managed to get you a £10 discount (for members and non-members). All you have to do is quote Gwent10 when purchasing your tickets.

To find out more about the speakers, or to buy your tickets, please visit the RLA Wales website.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

First Welsh Landlord Fined Under Rent Smart

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A Welsh landlord was the first to be fined last week under the new housing regulations in Wales.

Appearing before magistrates in Newport, charges were brought against him which included failing to register a property of multiple occupancy.  Since November 2016, all landlords must register and declare multiple occupancy properties with Rent Smart Wales, as well as undertaking training to ensure they are aware of their obligations under the legislation covering rental properties.

The property owner in question was fined a total of £4,550 covering numerous offences under the Housing (Wales) Act.  A representative from Rent Smart has called the prosecution a “milestone” and says it sends out a message that non-compliant landlords cannot continue to ignore the regulations without penalty.

Those who haven’t already done so are urged to come forward and register now to avoid falling foul of the law.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

Gwent Landlord Forum – 30 November 2016

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Rent Smart registration and another Autumn Budget will take place before our next event! We hope you have sorted out the first, but why not come along to The Parkway Hotel and Spa on Wednesday 30th November between 6pm and 8pm to have a breakdown of the Autumn Budget and specifically its impact on you as a Landlord?

If you are a landlord and currently letting properties or thinking about buying to let in South Wales and you have not previously attended, pop this in the diary. If you know someone who is a landlord and might be interested, please do pass this invitation on to them – we are always happy to welcome new guests. 

Speakers include:

Leanne Flanagan – Tax Senior at Green & Co Accountants & Tax Advisors

Leanne has updated our attendees about the tax implications for landlords as a result of the budgets in the past and she will be focusing on the Autumn Budget and any changes for Landlords at this meeting.

David Vieria – Go Commercial Finance Limited

David will be speaking about ‘alternative lending solutions’ for the buy-to-let market.

 

Eventbrite - Gwent Landlord Forum

 

For any enquiries about this event, please contact Katie Williams at Green & Co on 01633 871122, Email: katie@greenandco.com.

Welsh Landlords – Are You Registered Yet?

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Landlords of properties in Wales are being reminded that the deadline for registration with the Rent Smart scheme is fast approaching.

According to the administrators, Cardiff City Council, around 75% of landlords have so far failed to register.  Out of an estimated 100,000, only just over 25,000 applications have been received and any landlord not having done so by 23 November 2016 will be breaking the law.

The scheme aims to improve the quality of rental accommodation in the Principality, with registered landlords undergoing compulsory training in order to be licenced to let property. Failure to honour the regulations could result in fixed penalty fines, or even a criminal record.

Registration costs just £33.50 for on-line applications, irrespective of the number of properties being let, and the licence itself is valid for 5 years.  Although the application only takes a few minutes, it can take up to 8 weeks to process. Of those who have already completed the training, 96% say it was worthwhile and will make them a better landlord.

Those landlords using a letting agent need not register, provided the agency itself has done so.

Green & Co run a bi-monthly landlord forum to keep landlords up to date with changes like the Rent Smart Scheme. Our next forum is being held on 30 November and will cover the announcements made by Philip Hammond in the Autumn Statement. To register your interest, please email katie@greenandco.com.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

Landlord forum to discuss legislative changes and holiday lets

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This weeks edition of the South Wales Argus features an article on our Gwent Landlord Forum.

Cwmbran-based Green & Co Accountants and Tax Advisors, QualitySolicitors Rubin Lewis O’Brien and lettings agency SerenLiving are set to hold the latest Landlord Forum on Wednesday 28th September; hosting key speakers who will give informative talks to current and potential landlords in South Wales.

The evening, which starts from 6pm, will be held at the Parkway Hotel in Cwmbran and will feature two expert guest speakers who will present on current developments within the private lettings sector. Topics will include the legislative changes that landlords in Wales will soon be facing and holiday lets.

Due to both speakers having a lot to cover organisers have decided to keep the number of speakers at two for this event.

The first speaker will be Douglas Haig, Residential Landlord Association (RLA) Vice Chairman and Director for Wales, a private sector association who offer tailored support for landlords. Mr Haig will be discussing the upcoming legislative changes and the impact these will have on landlords.

The second speaker will be Phil Hathway of Hathway Estate Agents who will be discussing holiday lets.

Katie Williams of Green & Co Accountants said “We hope the event will be another success and that all landlords will be correctly informed on the changing legislation and the opportunities surrounding holiday lets. The forums are a great way to communicate with private landlords.

“We hope to help spread the word of bodies such as the RLA and the important service that they can offer landlords.”

Penny Jarman of QualitySolicitors Rubin Lewis O’Brien said the forum aims to build an ethos of support: “We want landlords to be as informed as possible when it comes to the continual changes in legislation and the different opportunities that are available within the rental market. We hope that through the forum all landlords are continually updated on the ever changing legal and administrative aspects of the buy-to-let market.”

Green & Co Accountants and Tax Advisors specialise in business growth and tax minimisation for businesses across Wales and the South West of England.

For proactive advice, contact Green & Co Accountants and Tax Advisors on 01633 871 122, follow @Green_and_Co on Twitter or email ed@greenandco.com.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

Gwent Landlord Forum – 28 September 2016

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The summer holidays are over and the new season of Landlord Forums are back with our first event taking place on Wednesday 28th September at The Parkway Hotel and Spa between 6pm and 8pm.

If you are a landlord and currently letting properties or thinking about buying to let in South Wales and you have not previously attended, pop this in the diary. If you know someone who is a landlord and might be interested, please do pass this invitation on to them – we are always happy to welcome new guests. 

Speakers include:

Douglas Haig – Vice Chair and Director for Wales of the Residential Landlords Association (RLA)

Douglas will be discussing the new legislative changes facing landlords in Wales. This includes an update on Rent Smart Wales, the Renting Homes Act, Stamp Duty, the Wales Bill and what we can expect form the new programme for Government in the coming years.

Phil Hathway – Hathways Estate Agents

Phil will be discussing holiday lets so if you use one of your properties in this way don’t miss this update.

Eventbrite - Gwent Landlord Forum

For any enquiries about this event, please contact Katie Williams at Green & Co on 01633 871122, Email: katie@greenandco.com.

Gwent Landlord Forum

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We’re excited to announce that our next Gwent Landlord Forum is taking place on Wednesday 25th May between 6 and 8pm at The Parkway Hotel and Spa.

Speakers will include:

Bethan Jones, Rent Smart Wales – All landlords operating in Wales must register themselves and all details of their rental properties with Rent Smart Wales before 23 November 2016.

Nicholas Webb, NLS Solicitors – Nicholas will be giving you details on the Immigration Right to Rent checks imposed on Landlords by the Home Office.

Emily Samuels, Serenliving – Serenliving will be introducing themselves and explaining how they are a letting agency with a difference.

Eventbrite - Gwent Landlord Forum

Landlord Registration In Wales

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If you own a house that you do not live in, you may be regarded as a landlord for the purposes of the Housing (Wales) Act 2014.  In that case, you have until November 2016 to formally register as a landlord and depending on the management of that property, you may also need to become licensed as a landlord.

Learn more from Rent Smart Wales.

Please note: This article is a commentary on general principles and should not be interpreted as advice for your specific situation.

Image courtesy of Stuart Miles at FreeDigitalPhotos.net