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Landlord Forum discusses legislative changes and holiday lets

20 Oct 2016
Landlord Forum discusses legislative changes and holiday lets

Cwmbran-based Quality Solicitors Rubin Lewis O’Brien, Green & Co Accountants and Tax Advisors and lettings agency Serenliving held another successful Landlord Forum on Wednesday 28th September. Held at the Parkway Hotel in Cwmbran, the event featured two expert guest speakers who gave presentations on current developments within the private lettings sector. Topics included the legislative changes Welsh landlords will soon be facing and UK and overseas holiday lets.

The first speaker was Douglas Haig, Residential Landlord Association (RLA) Vice Chairman and Director for Wales, a private sector association that offers tailored support for landlords. Mr Haig pressed home the fast-approaching deadline of 23rd November for all landlords to be licensed and registered under Rent Smart Wales, unless they appoint a licensed and registered agent to manage the property. Mr Haig commented that only 23,000 landlords have become registered and just over 2,000 have become licensed. There are roughly 131,000 landlords in Wales. To date, only 211 agents have been granted licences.

Mr Haig also discussed the proposed Land Transaction Tax as well as how landlords in Wales can and should discuss issues with both their MP and AM.

The second speaker was Phil Hathway of Hathway Estate Agents who gave an informative presentation on letting property as a holiday let.

Penny Jarman of Quality Solicitors Rubin Lewis O’Brien said: “The evening was very well attended, we want all landlords to be as informed as possible on the upcoming changes to legislation. These changes will have an implication on all landlords regardless of the size of their portfolio.

“Bodies such as a the RLA are a fantastic way to spread these important messages and the forum is a great platform to communicate with both current and potential landlords about the important work they do. Similarly, it is a great advantage for all landlords to have a deeper understanding of the holiday lettings market.”

Katie Williams of Green & Co Accountants said: “We aim to use the forum to inform landlords on a broad range of topics within the buy-to-let market and we have certainly done that. The upcoming legislative changes will soon have an impact on all landlords and it is vital they understand them. Similarly, the opportunities surrounding holiday lets are continually developing as more British people are opting to holiday in the UK.”

Quality Solicitors Rubin Lewis O’Brien provides legal advice to both individuals and businesses, for more information you can go to http://www.qualitysolicitors.com/rlob or call 01633 867000/ 01633 869191

Green & Co Accountants and Tax Advisors work with business across the country to provide key services ranging from audits to payroll, for more information go towww.greenandco.com or call 01633 871122.

Serenliving Lettings Agency offer a choice of fully managed or let only services to landlords across South-East Wales, for more information  http://www.serenliving.co.uk/ or call lettings – 01633 678545


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