Buy To Let Landlords – upcoming changes you should be aware of.
If you are a considering purchasing a Buy to Let property, or if you are a small private landlord with a handful of ‘Buy to Let’ properties in your portfolio, it is likely that you will be aware of the changes that the government plans to introduce from April 2016.
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Landlords and Immigration
There have been plenty of stories about Immigration and Housing in the news in recent weeks – take the Red Doors of Housing for Asylum Seekers in Middlesbrough, and the sparkly wristbands given to Asylum Seekers in Cardiff – but the most important story for British Landlords may have slipped under the radar this week, and concerns new legislation requiring Landlords to check the immigration status of their prospective tenants.
Do you own ‘Buy-to-Let’ properties in England? As of the 1st February 2016, all Landlords in England are now required, by law, to ensure that their tenants have the right to live in the United Kingdom. If a Landlord does not check the immigration status of their tenants, and the tenants do not have the ‘right to rent’ in the UK, Landlords risk a fine of at least £1000.
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