Browsing through our latest copy of the Landlord & Buy-to-Let Magazine (yes the hard copy that comes in the post!) we came across an article on page 2 that sparked an interest for us.
One of the opening paragraph’s states that “Landlords are such a diverse group of people that it is almost impossible to reach them all to communicate new rules and regulations”
Rightly so Landlords are an incredibly diverse group of people but they are not a group of people that are that difficult to get hold of to communicate new rules and regulations.
Most Landlords (with the exception of some rogue landlords) will have informed the local authority in the area in which their property is located that the property is owned by a landlord but the tenant is liable for the council tax. How difficult would it be for every local authority to collate a list of all property that is owned by a landlord but rented to someone else and communicate this to the necessary sectors with regard to law changes and regulations.
Surely it is not a case that us landlords are so diverse that we are difficult to get hold of, but that it is the lack of communication that goes on between regulatory boards and local authorities. Take for example the HMRC… they seem to be able to communicate (more often than not) with employers, local authorities, child benefit departments, National Insurance Departments etc to be able to know if there are any discrepancies, SO.. why can’t this be the case for sharing information connected to Landlords.
Equally the HMRC know whether or not we have received income from a buy to let property in our tax returns (providing you have declared everything you should have), so yet again… there is another avenue for getting information across.
In the article Kate Faulkner from Designs on Property talks about collaboration in the Private Rented Sector, which in our opinion also boils down to communication. If more letting agents, legal companies, landlord organisations, local authorities and the HMRC etc worked together as one big team then the information Landlords need would stand a greater chance of getting through.
So hat’s off to Kate for opening up the debate on collaboration. There must be a better way for ALL landlords to get the information they need and by running information websites the way we do, we are helping in our own little way to make sure landlords keep up to date.
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