call us now 01226 711470
call us now 01226 711470
We specialise in international property sales and our aim is to provide the widest choice of quality properties to those seeking solid investment opportunities, holiday homes or retirement abroad. We can help you choose from a wide range of off-plan, newly built and re-sale properties and provide first hand expert advice on what to buy, and where and how to maximise your return on investment.
As managing agents, we carry out full tenant referencing, prepare tenancy agreements and inventories, and conduct regular inspections to ensure your property is well maintained.
Our service includes advertising, regular property checks, repair and maintenance coordination, rent collection, and preparation of annual expenditure reports for tax purposes. We also agree repair spending limits in advance and manage tenant notices at the appropriate time in line with tenancy agreements.
We are required to register landlord details with HMRC, account for and pay any tax due on a quarterly basis, and submit annual statements of income and expenditure on behalf of overseas landlords.
Landlords may apply for exemption from tax deduction, provided HMRC confirms approval in writing. All landlords must ensure their UK tax obligations are up to date and comply with Self-Assessment requirements, as failure to do so may result in HMRC withdrawing any exemption
Key legal requirements include ensuring gas safety checks are carried out annually by a Gas Safe registered engineer and providing tenants with valid gas safety records. Landlords must also ensure electrical equipment is safe and compliant, smoke alarms are installed where required, and all furnished items meet fire safety regulations.
In addition, an Energy Performance Certificate (EPC) must be provided to tenants, and proper records, inventories, and maintenance documentation should be kept to ensure compliance with all relevant legislation.
Property has historically provided strong long-term returns, and rental income can often help cover mortgage repayments, although investors may need to contribute additional funds. Choosing the right location is key, as demand and competition for tenants can vary significantly between areas.
As a landlord, you remain responsible for property maintenance, insurance, and ensuring compliance with safety regulations, while also considering potential risks such as void periods, maintenance costs, and market fluctuations.
North Star Estate Agents, The Business Village at the Barnsley Business and Innovation Centre, Innovation Way, Barnsley, S75 1JL
