Property Sparrow thinks that it's a truly beautiful Autumn this year. But it's a bit nippy today, isn't it? Time to fluff up your feathers and think about how to keep warm.
How can you try and keep your tenants nice and cosy?
Insulation in all its forms: in the loft, in the cavity walls, under the floors, round the hot water system and on top of the teapot will all make a difference to reducing tenants' bills and may make them more likely to stay.
The Landlord's Energy Saving Allowance (LESA) is a tax allowance that allows you to claim up to £1500 against tax every year. Corporate landlords have been able to make use of this scheme since July 2008. There are two pages on the directgov website about this allowance; as always on this website the facts are presented in perfect plain English. Note that there is a link at the bottom of the second page to information about how you could claim tax deductions on other energy-saving measures you may be doing such as installing double glazing or a more efficient boiler.
The Energy Efficiency Partnership has also done a useful factsheet one page that sets out what you need to think about if you are considering insulation work in your property.
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