Tag Archives: Landlords

Dawsons, Lettings

Why Landlords prefer to use a High Street Agent to rent their property

5 Key reasons why landlords prefer to use a high street agencyAlthough landlords want the fee to be as reasonable as possible, 81% are willing to pay a fair fee for the service they receive.

5 Key reasons why landlords prefer to use a high street agency5 Key reasons why landlords prefer to use a high street agency41% of landlords visited the local agency before inviting them to value the property.  This ‘pre-check’ is not possible with an online agent.

The ability to meet face to face was the primary reason that 38% of landlords chose a local high street agent rather than going with an online agency.

5 Key reasons why landlords prefer to use a high street agency59% of landlord would not use an online agency or consider using an agency without a local office.

5 Key reasons why landlords prefer to use a high street agencyTo avoid the inconvenience of dealing with maintenance issues and arranging contractors, 61% of landlord chose a local agent with their own property management team.  Just like Dawsons!

Statistics provided by The Property Academy landlord survey 2018 from a survey of over 2000 landlords.

With 5 local offices from Swansea to Llanelli, a specialist in-house accounts and maintenance teams and over 25 years in the property business are the reasons we are the local leading letting agency.  

SPECIAL OFFER FOR LLANELLI PROPERTIES

IF YOU QUOTE RL01 WHEN YOU BOOK YOUR FREE VALUATION YOU WILL BE ENTITLED TO A 15% DISCOUNT ON YOUR INITIAL TENANCY SETTING-UP FEE.*

☎︎ 01554 784400 Llanelli Lettings

mailto:rll@dawsonsproperty.co.uk

* Finders Fee for Let-Only Landlords = £358.80 (inc VAT) or 2 weeks rent, whichever is the greater amount.

Tenancy Set Up Fee for Managed & Rent Collect Landlords = 1.5 weeks rent + VAT 

Only one offer per property, not in conjunction with any other offer. Available until 19th July 2019. 

 

DAWSONS ESTATE AGENTS IN KILLAY
Dawsons, Lettings, Sales

Killing It In Killay

Video

Going the extra mile is our motto at Killay Branch.  It is an absolute pleasure to make our clients happy, that’s what our jobs are all about after all.

It is probably due to this fact that our Killay branch is absolutely “killing it” and smashing our targets for sales and lettings.

Watch Callum Thomas (our sales negotiator) on his very first video, talking about the property current market, the asking prices being achieved, the speed at which property is being sold, some of the best areas (for instance Gowerton, Elmer Estate, North Gower) and how Dawsons are the market leaders.  We think that Callum is a total pro in front of the camera, so watch out for many more videos to come!

Callum and Sharon from our Killay Branch pictured on a valuation and measure-up at a property in Penclawdd North Gower.  The house had so much land that the vendor requires 4 tractors! Of course, the Dawsons guys had to have a go and get a picture with them!

DAWSONS KILLAY ESTATE AGENTS

If you have a property (or a farm!!) to sell or rent in the Killay area, why not contact Callum or his colleagues:

419 Gower Road
Killay
Swansea
SA2 7AN

Tel: 01792 298014

Email: ki@dawsonsproperty.co.uk

http://www.dawsonsproperty.co.uk/killay-branch.php

Ian Bateman, Commercial Insurance Director at Eastside Insurance Services, with Ricky Purdy, Director of Dawsons residential lettings
Dawsons, Landlords, Lettings

Dawsons collaborating with Eastside Insurance to benefit landlords

Dawsons and Eastside Insurance Services have launched a collaboration that will make the lives of private landlords a lot simpler.

Whether landlords own one property or portfolio of rental properties, it is vital their assets remain protected with property owners’ insurance, for the building and its contents should a property be let on a furnished basis.

Dawsons, who manage and secure tenants for many landlords, decided to join forces with the local and growing insurance company Eastside Insurance.

Ricky Purdy, Director of Dawsons residential lettings, said the partnership with Eastside would be mutually beneficial.

“We are very much looking forward to working alongside Eastside, who we know are a well-established and respected local company,” he said.

“We know Eastside offer market leading services, so it’s great that we can provide this reassurance to our clients having built a relationship as two local brands, recently celebrating milestones of service to our community and further afield.

“Being able to provide these further services to our landlords, be those with one property or several, gives continuity, reassurance and always a local point of contact. These are key for Dawsons, and reflect the services we already offer our clients.

“We are both confident that this new relationship will flourish, and we are collectively looking forward to working as one and providing another service to meet our clients understandably high expectations.”

Lynda Fisher, Account Handler at Eastside, said: “We are really excited to be working alongside Dawsons, and are confident it will be a great success from the outset.

“Dawsons and ourselves have been working closely over recent months in preparation for the launch of this service. The relationship is blossoming and we know that our mutual services are tried and tested so we can provide the best possible service to landlords.”

CAPTION: L-R Ian Bateman, Commercial Insurance Director at Eastside Insurance Services, with Ricky Purdy, Director of Dawsons residential lettings

Trehernepic
Dawsons

Tax changes to buy-to-let – how it will affect landlords

In the first all-Conservative budget since 1997, the Chancellor, George Osborne, announced the amount of tax relief that landlords will be able to claim on the interest of their mortgage payments will be reduced.

The changes mean property investors who currently claim top rates of tax relief of 40% and 45% will only be able to claim relief in the future at the basic rate of tax, currently 20%. Here David Treharne of Mortgage Advice Bureau discusses how this will affect landlords.

What is tax relief?

Tax relief is something that allows you to pay less tax so you can account for money you need to spend on things like expenses. It can also allow you to get tax repaid in other ways, such as straight into a personal pension.

As landlords, as your buy-to-let properties are classed as self-employed businesses, you are currently able to get tax relief and deduct some of your running costs from your taxable profit, so long as they are allowable expenses.

How will the tax rates change?

Under the new rules, landlords will not be able to deduct the cost of the interest on their mortgage from their rental income.

For example, currently, if your property earns £20,000 per year and the interest-only mortgage costs £13,000 per year, you will pay tax on the £7,000 profit. If you currently pay the higher 40% tax rate, this means you will pay £2,800 in tax per year.

Under the same circumstances in 2020, however, the full rental income of £20,000 will be taxable by 40%, if you fall under this tax bracket, meaning, after taking away the new basic-rate tax relief of 20% on your interest-only mortgage payment of £13,000 (20% of £13,000 = £2,600), you are left to pay £5,400 per year – an increase of 93%.

That sounds confusing. Will these changes be implemented over time to give landlords chance to adjust?

The withdrawal of the higher-rate reliefs will be phased in over a period of four years, in order to help landlords adjust to the lower relief level, and nothing will happen until April 2017.

It will then be implemented in four stages:

Stage one
From April 6th 2017, the higher-rate tax relief can still be claimed on the first 75% of your mortgage interest costs. The remaining 25% will have the basic rate of tax relief applied.

Stage two
From April 6th 2018, the amount of tax relief you can claim at the higher rates will drop to 50% of your mortgage interest costs. The remaining 50% will have the basic rate of tax relief applied.

Stage three
From April 6th 2018, the higher-rate tax relief can only be applied to 25% of your mortgage interest costs. The remaining 75% will be at the basic rate.

Stage four
From April 6th 2020, you will only be able to claim tax relief at the basic rate level.

If you have any furnished holiday lets, this restriction will not apply.

These changes will be published and are expected to be passed in the 2015 Summer Finance Bill.

How can you assess the impact these changes will have on you? 

There is still time for landlords to forward-plan so they do not have to suddenly increase rents. For any landlords currently investing in property, or considering expanding their portfolio, it is wise to speak to an independent mortgage adviser to discuss these changes. It is also worth talking to a property tax expert to see if there are any other tax breaks you could take advantage of.

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