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| Name | Landlords, Act Now Or Face A £30,000 Fine |
| Video Uploader | Video From Charles Kelly Money Tips Podcast |
| Upload Date | This Video Uploaded At 12-05-2021 15:56:00 |
| Video Discription | Most property investors and landlords are proactive when it comes to ensuring the safety of their tenants and properties, which is also in their own interest. Under the latest Regulations, landlords must have the electrical installations in their properties inspected and tested by a person who is qualified and competent at least every 5 years. Landlords also have to provide a copy of the electrical safety report (EICR) to their tenants, and to their local authority if requested. The Regulations came into force on 1 June 2020 and apply from 1 April 2021 in England in cases where a private tenant has a right to occupy a property as their only or main residence and pays rent. This includes assured shorthold tenancies and licences to occupy. Landlords who fail to comply could face fines of up to £30,000 or even criminal charges in the case of negligence. This does not cover PAT testing, which is still required. In most cases, it is cheaper to throw away perfectly good electrical appliances (most of which ends up in landfill) than calling in PAT testers and waste a day filling in forms. The changes to rules and regulations on gas, electrical work, building and a whole raft of red tape every few years are a bonanza for the sectors and create plenty of non-productive jobs. But the costs are ultimately passed on to landlords, tenants and taxpayers. Thousands of civil servants and various people in sector bodies and quangos are employed to constantly change rules and create more red tape to self-perpetuate their own jobs! The same fate awaits perfectly good cars, which have the “wrong engine” this year! The will eventually be taxed out of existence ad end up on the scrapheap of throwaway society. For full details and government guidance see https://www.gov.uk/government/publications/electrical-safety-standards-in-the-private-rented-sector-guidance-for-landlords-tenants-and-local-authorities/guide-for-landlords-electrical-safety-standards-in-the-private-rented-sector Other News • Plummeting central London rents hits landlords. • Renters move into the city to take advantage of falling rents. • Landlords face more arrears as unemployment soars. • 500,000 renters likely to be pushed into arrears. • Pandemic disproportionately hits younger lower paid workers. • Self-employed grant recipients shunned by mortgage lenders. • Peer-to-peer websites to be closed by FCA following a series of collapsed firms • Beware of dodgy insulation which could render your home worthless • Pension scammers target 8 million people Free Wealth Coaching Session for 3 people – limited offer Boris has an unsatisfied CCJ at 10 Downing Street! I was a financial adviser for 25 years, but became frustrated with the focus on only being regulated to offer products for the financial services industry. For instance, I could advise a client to invest in a Prudential Property Bond, but could not advise them to invest in a buy-to-let property themselves. I am no longer registered as an industry financial adviser, which means I cannot give specific advice on how to invest your money, but I can offer a wealth of guidance and tips on managing your money more effectively and building wealth over time. I am also the author of the book, , Yes, money can buy happiness, in which I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook. With this in mind, I’m giving away 3 free coaching calls sessions to anyone who is prepared to take the time and effort to learn and master money. Check the link in the next 48 hours on my Charles Kelly Marketing Facebook page https://www.facebook.com/CharlesKellyMarketer See also: 95% Mortgages are back in the UK Property buyers overpaying to beat the Stamp Duty Holiday GET YOUR BUSINESS ONLINE TODAY, FREE! Genuine…FREE LIFETIME ACCESS. NO credit card needed to start building your website yourself. Simple to use from readymade templates – no need for a web designer. https://groovepages.groovesell.com/a/uy9VcdqIvopT #investment #money #taxreturns #makemoneyonline #groovefunnels #FREE |
| Category | News & Politics |
| Tags | property investor | buy to let property | landlords | EIRC | New regulations on electrical intallations UK | money | free wealth coaching call |
