Lettings & Property Management
08700056587
Legal Consent
If you do not own the proposed rental property outright you must acquire consent from the appropriate possessor(s).
Property Position |
Consent |
Charges |
Mortgage |
Mortgage provider (bank, building society or mortgagee) |
Possible admin fee for consent letter |
Leasehold |
Freeholder (must first liaise with head-lease in regards to sub lets) * |
None |
*BP Connections has vast experience in this area and we would be happy to liaise with your leaseholder if required.
Concerning rental income it is important to note some of the expenses that are potentially tax deductible:
- Legal fees
- Accountancy fees
- Agents fees
- Building cover
- Contents cover
- Rent inclusive services e.g. utilities
- Repairs & redecoration
- Standard wear and tear for furniture/furnishings, fixtures/fittings
- Ground rent
- Interest on mortgage (normally up to the full value of the mortgage)