Buy to Let Northern Ireland....

cifpower

Old_Git wrote: »

as this is on the N Ireland board I assume they are refering to northern Ireland ,which is different to GB . LHA in northern Ireland is paid directly to the landlord

I get LHA paid to me, I top up and pay my LL by SO

cooki2222

Old_Git wrote: »

The LL usually pays the rates just to make sure they are actually paid and there is no come back on him .The landlord does get a discount for this but they still have to pay if the property is empty .Also the rates can be shown as expensives for tax purposes . England is different because the person living in the house may be intitled to a 25% discount on the CT if they live on there own .That dosent apply here .The rates bill has no bearing on CG tax .

If the landlords house is empty and is unfurnished then no rates have to be paid, but if the house is furnished then it is ratable

teaspoon1

cooki2222 wrote: »

If the landlords house is empty and is unfurnished then no rates have to be paid, but if the house is furnished then it is ratable

Thankfully this highly unfair loophole is going to close soon.

cooki2222

teaspoon1 wrote: »

Thankfully this highly unfair loophole is going to close soon.

Well yes that is true, apparently same with the students thing also

darrenpollock

Hi there
For your info www.wepromiseto.co.uk are doing an £80 cashback for taking house insurance through Halifax which includes landlords insurance. I got a premium of £98 for an unfurnished BTL which is fully tax deductable and then with the £80 cashback it is only costing £18.
It is a fairly adjustable policy where you can add/delete legal cover, rent arrears insurance landlord contents etc.
If you need a lease agreement I can send you a template if that helps?

Regards
D.

Indigo's_Mum

When I rented privately the rates were my responsibility. I had to apply to change them from the landlord to my name.

shaz77_2

Hi All

I hope to have my three bedroomed house rented out by the end of January, I am looking for advise on any loose ends that I may need to tie up before renting the house out, I have carried out the following:

1. House has been cleaned and is fitted with two functioning smoke alarms.
2. The mortgage in place allows the entire house the be leased out.
3. Building insurance has been setup which again takes into account that the house is being leased.
4. Electricity is currently in my name, however when the new tenants arrive I get the account transferred to them.
5. Monthly rent charges will equate to my mortgage payments of £400, this price is in-line with other houses in the area.
6. Tenancy agreement has been drawn up by myself.
7. Phone-line has currently been disabled - new tenants can re-activate it under their names if they wish.

Is there anything else I need to take into consideration?

dmxdave

Do you have a current electrical inspection certificate?

Bigcammy

What sort of heating is installed? If it's gas then do you have a recent safety certificate, i.e. less than a year old. If it's oil, what amount of oil is in the tank. It's only fair to expect roughly the same amount of oil to be in the tank at the end of the lease. Have you had the tenancy agreement checked for legality if you drew it up yourself?

Good luck by the way, I hope you get decent tenants.

shaz77_2

The heating is Oil Fired Heating, I have however spotted two gas cylinders to the side of the house, I don't know what these relate to.

Can any qualified electrician give an electircal inspection certificate?

P.S. Is it normal to expect the tennant to pay the rates or is this something I should cover?