Which landlord's association?

may_fair

G_M wrote: »

Thanks. Wierd! Why on earth....?

Not just weird but irresponsible and wrong.

gordonbennet

G_M wrote: »

Whilst valid points, I don't really see how this helps the OP choose between RLA and NLA?!

Sorry - should have added quote. Post #4 was suggesting saving money by not joining an association at all.

sonastin

gordonbennet wrote: »

Once you take into consideration the discount you can get on Landlords building insurance and the Tax Investigation insurance (my accountant tried to sell me the latter for over £150pa!) membership of something like the NLA pays for itself. Plus it tax deductible anyway!

On a rough back-of-fag-packet calculation, its unlikely there'll be any tax to pay anyway so I'd already discounted that "advantage". But the discounts on the insurances might sway the decision.

On the subject of local associations, do you go for one local to you so you can attend meetings, or local to the property so you can be advised on quirks of the letting market in that area? Or is that why we should look at one of the national associations given that this is a long-distance let?

scottology

Surely the RLA has some sort of legal grounding to take that standpoint with regards to creating that agreement?

Somone of landlordzone recommended the Guild of residential landlords, which works out slightly cheaper than the others at £80 per year.

all4landlords.com/quick-links/services/stationery-order

This shows all the documents they have available for members, which looks quite decent to me? Can anyone confirm that please?

I'd prefer not to join one association only to find they are missing certain documents meaning I then have to join another.

Thanks

scottology

sonastin wrote: »

On a rough back-of-fag-packet calculation, its unlikely there'll be any tax to pay anyway so I'd already discounted that "advantage". But the discounts on the insurances might sway the decision.

Is it actually possible to reduce your tax bill to nothing?

taxsaver

scottology wrote: »

sonastin wrote: »

On a rough back-of-fag-packet calculation, its unlikely there'll be any tax to pay anyway so I'd already discounted that "advantage". But the discounts on the insurances might sway the decision.

Is it actually possible to reduce your tax bill to nothing?

Well yes, if you make no profit, or even a loss, then there will be no tax to pay.

sonastin

scottology wrote: »

Is it actually possible to reduce your tax bill to nothing?

When you have no other income and the rent is less than your personal allowance+mortgage interest...

and someone else to feed you and keep a roof over your head and look after all the other bills (include Landlords Association fees, hence the question - I'm playing the role of "someone else"!)

scottology

So back to the question of which landlords association.

I need to choose between NLA, RLA or the Guild of Residential Landlords (all4landlords.com)

The Guild, have a comparison chart which seems to show them as the best one to join with regards to content, but then that could be biased as they put the comparison together themselves.

Does anyone here have experience of the Guild as I'm leaning more towards joining them now.

Thanks

Wireloss

The reason I joined this website is because of the Owner Occupier tenancy Agreement. This seemed to be exactly what I was looking for but because of adverse comments, by May-Fair. I am now slightly nonplussed.
Any further comments, or explanation, would be greatly appreciated. Thanks