Living Quarter - Landlords Abroad Information

What is the Non-resident Landlords Scheme?

The Non-resident Landlords (NRL) Scheme is a scheme for taxing the UK rental income of persons whose ‘usual place of abode’ is outside the UK. For clarity this is what is referred to as a ‘non-resident landlords’. The Scheme applies to UK rental income paid to non-resident landlords from 6 April 1996. Different arrangements apply to UK rental income paid before 6 April 1996. Letting agents of a non-resident landlord must:

• deduct tax from the landlord’s UK rental income; and
• pay the tax to HMRC’s Accounts Office, Shipley

How do I pay and when?

For the purposes of the NRL Scheme, the year runs from 1 April to the following 31 March. Letting agents and tenants who have to operate the Scheme must account for tax each quarter - that is, for the three-month periods ending on 30 June, 30 September, 31 December and 31 March.

What if I don’t have to pay?

Letting agents and tenants do not have to deduct tax from the rental income of a non-resident landlord if HMRC has told them in writing that the landlord is approved to receive the rental income with no tax deducted. Non-resident landlords can apply to HMRC for approval to receive rental income with no tax deducted where:

• their UK tax affairs are up to date; or
• they have never had any UK tax obligations; or
• they do not expect to be liable to UK tax for the year in which the application is made.

Living Quarter - Landlords Guide to Renting

Getting the price right

The first point of contact you will have is usually booking the valuation, you will find the staff both knowledgeable and helpful and ready to obtain all the relevant information required to ensure the valuer arrives with as much information as possible to assist them in pricing your property and ensuring the maximum amount achievable rent for your property. The valuer will inspect the property and advise you on any essential repairs and possible things to consider also allowing you as much time as you require to ask questions and getting all the answers you need moving forward.

Getting market ready

Unlike sales a lettings property will need to comply with several rules and regulations with regards to the contents of your property and there are many issues to be considered such as, The Gas Safety (Installation and Use) Regulations 1998, Gas Cooking Appliances (Safety) Regulations 1989, The Electrical Equipment (Safety) Regulations 1994, The Plugs and Sockets etc. (Safety) Regulations 1994 and The Furniture and Furnishings (Fire)(Safety) Regulations 1988 (amended 1989 & 1993) to name a few. What constitutes furnished or part-furnished? These are the kind of things we will help you to navigate.

Landlords Guide to Renting

Once you have decided to instruct Living Quarter we will arrange an appointment to take pictures and prepare property particulars taking into account the detailed information we will have already obtained about your property. This ensures that we prepare particulars that are bespoke entirely to your property with no generic information used. We can use this information to create the property as seen on our website, property portals such as right move, window cards and paper advertising. Most importantly our hardworking rentals team will contact all clients on our database that match your property criteria and generate early bird viewings where possible. We will then continue to do this as and when new clients register with us.

Marketing

Living Quarter never follow the crowd and strive to lead the way from our customer service focused staff and ethos right through to our marketing strategies which include the use of bill boards, petrol pumps, leafleting, paper advertising, property portals, unique sales boards, property particulars and our high street office.

Feedback

Once your property is on the market you will be kept fully informed on both viewing times and what your viewer had to say. We will remain in close contact with you throughout and will be on hand for advice and constructive feedback.

A Landlords Process to Letting

We offer various levels of our services which can be hand-picked to suit your needs. Under your instruction we will continue to monitor your investment throughout the period of advertisement and or management. Full background checks are conducted on all applicants including previous residential references and financial reports prior to acceptance. We are flexible for you to have your desired level of input on the successful applicants and how your tenancy is managed. Once we have successfully negotiated a new tenancy for you we will prepare all tenancy paperwork and legal notices, conduct a full check in report and hand over the keys to your tenants should you choose our full management service, however we can again help you to select the level of assistance your require and will be able to price each service individually. After the commencement of your tenancy we will continue on the basis agreed and will work with you to maintain a successful return on your investment.

Tenants Guide To Renting

Registering with Living Quarter as an applicant’s ensures you will be contacted as soon as we receive instruction on a property and not having to wait till it is released into the public domain. We will be only too happy to advise you on locations, amenities and facilities if you are unsure.

Agreeing a Let for the landlord

Once a successful tenant has been selected the referencing process will be carried out, if this is successful and full, photographic check in will be carried out (if fully managed) and an inventory produced. The tenancy paperwork will be completed and signed and the deposit registered with the DPS (Deposit Protection Scheme) and copies of the paperwork will be forwarded to you for your records.

A Tenants Process In Brief

The next stage is to pay the administration fee to reserve the property which is £175 for the leading tenant then £75 per any other person living in the property that is over 18. This will then take the property off the market and we will then be able to commence the referencing process and discuss possible move in dates.

Going The Extra Mile

Our Rental staff are a proactive and dynamic team who will not hesitate to go the extra mile to make your investment work for you. If you have any special requests we are more than happy to listen and accommodate you where we can. Being a landlord can be a daunting experience should it be new to you with all the technicalities and legal terms it can be a mine field, however with our fully ARLA qualified team behind you there is no need to worry. We will guide and advise you throughout the whole process to put you at ease.

Living Quarter Sales Policy

Our people

All our Staff are qualified or working  towards an NAEA or ARLA Technical Award in Residential Sales, Residential Lettings and Property Management and our Sales Director is both FNAEA and FARLA qualified which only a distinct few throughout the country carry this dual qualification. We are dedicated to ensuring our staff members have continued professional development in order for them to be the best they can be at their role to offer a quality service to you, our client.

Getting the price right

Living Quarter prides it’s self on its people and this begins with your initial contact with the office to arrange the valuation appointment right through to the visit to your property to provide you with a personal, pleasant, honest but most importantly accurate market appraisal of most peoples biggest asset, their home. We will ensure we have all the information available to us to support our findings and will be able to discuss the sales market and the activity both locally and nationally that will affect the pricing of your property at the time of the valuation.

Getting market ready

• De-Clutter - Focus on the hallway - clear away coats/clutter; the bathroom - hide all your products; and the kitchen - clear the bench surfaces of appliances, jars, tins, etc, and replace any ragged tea towels or smelly bins.
• Freshen Up – A fresh coat of neutral paint, new tiling or lino, and a couple of new kitchen doors can do wonders to smarten up a tired-looking property. If you can't stretch to re-tiling in the bathroom, re-grouting should bring it up new. The same effect can be achieved by installing matching chrome fittings; replacing broken light bulbs; re-painting the front door; ironing sheets in the bedroom; taking down any heavy dark drapes; installing up-lighters in the living room for subtle lighting; and strategically placing flowers throughout.
• Clean Up - It is still essential that the house be spotless, getting professional cleaners in to really make the place sparkle will be money well spent, have the carpets, sofa covers, oven and windows cleaned while you're at it. Pay special attention to the kitchen and bathrooms, which need to be inviting and hygienic, finish up with a new loo seat, fresh white towels and a strategically placed plant or two. Watch out for over-stuffed wardrobes - yes, people do look in them to check the amount of storage space - so clear them out.
• External - Don’t forget curb appeal, the garden is now seen as an additional room, so be sure to make your garden feel like a great space for entertaining and relaxing. Pay attention to flaky paintwork externally.
• Get the Word Out - Always have a board up, and tell your neighbours word of mouth is a powerful tool. You never know who might live just round the corner, waiting for your house to come to the market.
• Be ready for viewings - Everyone knows that first impressions count, and you'll want the house to appeal to as many people as possible. Turn the lights and heating on, air out the house and don't smoke or cook a curry before viewings. If you've got parking, leave the space free for the buyer this will add to the whole experience.
• Get organised - Put together a file containing all documents to do with the house. Include any guarantees for repairs, certificates for gas and electrical work, council tax bills and any other documentation you have. Your solicitor will ask for the lot. You will also need to provide proof of identity and of address to your solicitor, so dig out your passport and recent utility bills with names of all owners. Do this in advance and you will be ready to leap into action when an offer comes in. Taking time to collect together the relevant paperwork may make your seller nervous and at a time when some still feel cautious about the market it is not a good idea to give them anything to worry about.
• Get good financial advice - To make a fully informed decision about moving home you need to fully understand your financial position. This will allow you to ascertain how much you can sell your current property for and what you can realistically afford to pay for the next one. Taking time to do this will prove invaluable.

Marketing

Living Quarter never follow the crowd and strive to lead the way from our customer service focused staff and ethos right through to our marketing strategies which include the use of bill boards, petrol pumps, leafleting, paper advertising, property portals, unique sales boards, property particulars and our high street office.

Feedback

Once your property is on the market you will be kept fully informed on both viewing times and what your viewer had to say. We will remain in close contact with you throughout and will be on hand for advice and constructive feedback.

Vendors Guide to selling

Once you have decided to instruct Living Quarter we will arrange an appointment to take pictures and prepare property particulars taking into account the detailed information we will have already obtained about your property. This ensures that we prepare sales particulars that are bespoke entirely to your property with no generic information used and 3D floor plans. We can use this information to create the property as seen on our website, property portals such as rightmove, window cards and paper advertising. Most importantly our hardworking sales team will contact all clients on our database that match your property criteria and generate early bird viewings where possible.

Purchasers guide to buying

Registering with Living Quarter as an applicant’s ensures you will be contacted as soon as we receive instruction on a property and not having to wait till it is released into the public domain. We will be only too happy to advise you on locations, amenities and facilities if you are unsure.

The selling process in brief

The seller's solicitor must get the deeds to the property. These may have to be obtained from the building society or bank which is lending the mortgage. The solicitor then prepares the contract and sends them to the purchasers solicitors. With leasehold properties, in particular flats with service charges, the solicitor will also have to obtain the 'memorandum and articles of association' of the management company and the accounts of the management company over the past three years. They will then be prepared to reply to enquiries raised by the purchaser’s solicitors or the lenders. Once all the enquiries, if any, are satisfied dates for exchange of contracts and completion can be agreed.

The buying process in brief

The buyer's solicitor makes a local authority search. This will provide details of who owns or is responsible for the roads or sewers and whether there are any road-widening proposals near the property. Separate enquiries may have to be made to the relevant water company. The draft contract form the owner’s solicitor will be carefully examined and enquiries raised if necessary. Once all the enquiries, if any, are satisfied and the mortgage offer has been received dates for exchange of contracts and completion can be agreed.

Going the extra mile

Reading all of the above can make to whole process seems quite daunting especially when solicitors tend to be very busy people and rarely do anything without being asked. Don't expect your solicitor to be proactive , they might be, but don't rely on it this is why we will keep checking up and asking if there is anything you can do to help the process move along, navigate any problems and relay progress to all parties along the way.

Living Quarter Blogging

Welcome to the new Living Quarter Blog Site

We are currently going under a new marketing review and it was decided that a Blog site would be a suitable way to get all our news, events and general information out to the masses.

We are have offices in Walkden and Monton in the Greater Manchester area.

Our People

All our Staff are qualified or working  towards an NAEA or ARLA Technical Award in Residential Sales, Residential Lettings and Property Management and our Sales Director is both FNAEA and FARLA qualified which only a distinct few throughout the country carry this dual qualification. We are dedicated to ensuring our staff members have continued professional development in order for them to be the best they can be at their role to offer a quality service to you, our client.

more information

Living Quarter's Policy

We make valuing our Clients top priority. Please read through our outlook and helpful tips below:

Our people

All our Staff are qualified or working  towards an NAEA or ARLA Technical Award in Residential Sales, Residential Lettings and Property Management and our Sales Director is both FNAEA and FARLA qualified which only a distinct few throughout the country carry this dual qualification. We are dedicated to ensuring our staff members have continued professional development in order for them to be the best they can be at their role to offer a quality service to you, our client.

Getting the price right

Living Quarter prides it’s self on its people and this begins with your initial contact with the office to arrange the valuation appointment right through to the visit to your property to provide you with a personal, pleasant, honest but most importantly accurate market appraisal of most peoples biggest asset, their home. We will ensure we have all the information available to us to support our findings and will be able to discuss the sales market and the activity both locally and nationally that will affect the pricing of your property at the time of the valuation.

Getting market ready

• De-Clutter - Focus on the hallway - clear away coats/clutter; the bathroom - hide all your products; and the kitchen - clear the bench surfaces of appliances, jars, tins, etc, and replace any ragged tea towels or smelly bins.
• Freshen Up – A fresh coat of neutral paint, new tiling or lino, and a couple of new kitchen doors can do wonders to smarten up a tired-looking property. If you can't stretch to re-tiling in the bathroom, re-grouting should bring it up new. The same effect can be achieved by installing matching chrome fittings; replacing broken light bulbs; re-painting the front door; ironing sheets in the bedroom; taking down any heavy dark drapes; installing up-lighters in the living room for subtle lighting; and strategically placing flowers throughout.
• Clean Up - It is still essential that the house be spotless, getting professional cleaners in to really make the place sparkle will be money well spent, have the carpets, sofa covers, oven and windows cleaned while you're at it. Pay special attention to the kitchen and bathrooms, which need to be inviting and hygienic, finish up with a new loo seat, fresh white towels and a strategically placed plant or two. Watch out for over-stuffed wardrobes - yes, people do look in them to check the amount of storage space - so clear them out.
• External - Don’t forget curb appeal, the garden is now seen as an additional room, so be sure to make your garden feel like a great space for entertaining and relaxing. Pay attention to flaky paintwork externally.
• Get the Word Out - Always have a board up, and tell your neighbours word of mouth is a powerful tool. You never know who might live just round the corner, waiting for your house to come to the market.
• Be ready for viewings - Everyone knows that first impressions count, and you'll want the house to appeal to as many people as possible. Turn the lights and heating on, air out the house and don't smoke or cook a curry before viewings. If you've got parking, leave the space free for the buyer this will add to the whole experience.
• Get organised - Put together a file containing all documents to do with the house. Include any guarantees for repairs, certificates for gas and electrical work, council tax bills and any other documentation you have. Your solicitor will ask for the lot. You will also need to provide proof of identity and of address to your solicitor, so dig out your passport and recent utility bills with names of all owners. Do this in advance and you will be ready to leap into action when an offer comes in. Taking time to collect together the relevant paperwork may make your seller nervous and at a time when some still feel cautious about the market it is not a good idea to give them anything to worry about.
• Get good financial advice - To make a fully informed decision about moving home you need to fully understand your financial position. This will allow you to ascertain how much you can sell your current property for and what you can realistically afford to pay for the next one. Taking time to do this will prove invaluable.

Marketing

Living Quarter never follow the crowd and strive to lead the way from our customer service focused staff and ethos right through to our marketing strategies which include the use of bill boards, petrol pumps, leafleting, paper advertising, property portals, unique sales boards, property particulars and our high street offices.

Feedback

Once your property is on the market you will be kept fully informed on both viewing times and what your viewer had to say. We will remain in close contact with you throughout and will be on hand for advice and constructive feedback.

Vendors Guide to selling

Once you have decided to instruct Living Quarter we will arrange an appointment to take pictures and prepare property particulars taking into account the detailed information we will have already obtained about your property. This ensures that we prepare sales particulars that are bespoke entirely to your property with no generic information used and 3D floor plans. We can use this information to create the property as seen on our website, property portals such as rightmove, window cards and paper advertising. Most importantly our hardworking sales team will contact all clients on our database that match your property criteria and generate early bird viewings where possible.

Purchasers guide to buying

Registering with Living Quarter as an applicant’s ensures you will be contacted as soon as we receive instruction on a property and not having to wait till it is released into the public domain. We will be only too happy to advise you on locations, amenities and facilities if you are unsure.

The selling process in brief

The seller's solicitor must get the deeds to the property. These may have to be obtained from the building society or bank which is lending the mortgage. The solicitor then prepares the contract and sends them to the purchasers solicitors. With leasehold properties, in particular flats with service charges, the solicitor will also have to obtain the 'memorandum and articles of association' of the management company and the accounts of the management company over the past three years. They will then be prepared to reply to enquiries raised by the purchaser’s solicitors or the lenders. Once all the enquiries, if any, are satisfied dates for exchange of contracts and completion can be agreed.

The buying process in brief

The buyer's solicitor makes a local authority search. This will provide details of who owns or is responsible for the roads or sewers and whether there are any road-widening proposals near the property. Separate enquiries may have to be made to the relevant water company. The draft contract form the owner’s solicitor will be carefully examined and enquiries raised if necessary. Once all the enquiries, if any, are satisfied and the mortgage offer has been received dates for exchange of contracts and completion can be agreed.

Going the extra mile

Reading all of the above can make to whole process seems quite daunting especially when solicitors tend to be very busy people and rarely do anything without being asked. Don't expect your solicitor to be proactive , they might be, but don't rely on it this is why we will keep checking up and asking if there is anything you can do to help the process move along, navigate any problems and relay progress to all parties along the way.