Landlord and BTL Blog

Wednesday, March 13, 2019

Downgrade in near-term UK house price forecasts

That is quite a startling revision downward in near-term UK house price forecasts between October 2018 & today by the Office for Budget Responsibility (OBR)... #ukhousing #ukconstruction #springstatement #springstatement2019 https://t.co/IWRqkn4Rwz pic.twitter.com/AJtmUm8LVx
— Noble Francis (@NobleFrancis) March 13, 2019

Take advantage of our discounted landlord insurance rates

PRS Reit cuts 2022 dividend target

PRS Reit cuts 2022 dividend target blaming planning delays https://t.co/auxlQ4atHj
— Property Hawk (@landlordnews) March 13, 2019

Take advantage of our discounted landlord insurance rates

A good alternative to equity release

A good alternative to equity release - MoneyWeek https://t.co/tCkPVyCvi1
— Property Hawk (@landlordnews) March 12, 2019

Take advantage of our discounted landlord insurance rates

Approved Client Money Protection (CMP) schemes

The government has approved the following Client Money Protection (CMP) schemes for letting and property management agents in the private rented sector:

The government is considering other applications.

Letting and property management agents in the private rented sector who hold client money are now required by law to belong to a government-approved CMP scheme by 1 April 2019. These proposals were made on 1 April 2018 following consultation and have been passed by Parliament; agents must also:

hold client money in a client money account with a bank or building society authorised by the Financial Conduct Authority*
hold and maintain appropriate professional indemnity insurance
have appropriate client money protection handling procedures
obtain a certificate confirming membership of an approved CMP scheme and display this prominently in each of their offices where they deal with the public and on their website
provide a copy of the certificate to any person who may reasonably require it, free of charge

CMP schemes may set additional requirements on membership.

*Or be making all reasonable efforts to do so. Note that while CMP schemes are permitted to offer a grace period to allow agents to open such accounts, they may only offer a grace period until 1 April 2020.

Take advantage of our discounted landlord insurance rates

Tuesday, March 12, 2019

HMRC scam email advice

When we email you about your Annual Tax Summary, we will never include a link to sign into your account https://t.co/tTcgyjp7Oh pic.twitter.com/xncmosGC7r
— HM Revenue & Customs (@HMRCgovuk) March 11, 2019

Take advantage of our discounted landlord insurance rates