Karsons Lettings are happy to manage properties for landlords living in another country. There are extra issues non UK resident landlords needs to be aware of … we can take care of them all.
Services For Non-Resident landlords
– Providing application forms, advice and guidance regarding the Non-Resident landlord scheme.
– For overseas landlords that have not applied or received ‘approval’, We will submit accounts to the Inland Revenue quarterly and you will receive a certificate as evidence of any tax that has been paid on your behalf.
– We are obliged to provide an annual return to the Inland Revenue for all non-resident landlords.
Quarterly fee for overseas landlords to cover admin costs (in addition to full management fees)- £50
How much money will I need?
One months’ rent in advance,
one months’ rent as deposit and
£100 per person agency fee
You will need to pay a £200 holding deposit on application
The balance needs to paid in full once the referencing has been completed and your application confirmed
Deposits
If a landlord lives overseas but lets a property in England or Wales on an assured shorthold tenancy (AST) and takes a deposit. We will have to protect their tenants’ deposit by placing it in a government backed custodial scheme.
Investment Advice
Karsons Lettings are able to offer recommendations to investors looking to purchase buy-to-let properties in the UK. We can help source the right properties to fit your investment strategy. We can help you set up UK based limited companies to trade from.
