Posts with tag: NLA

NLA & Portico present the London Landlord Seminar

Published On: October 18, 2019 at 9:06 am

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London Landlord Seminar

The annual London Landlord Seminar is just over a month away and this year the key theme will be ‘Your Money’.

Portico has highlighted that landlords are the only business to be taxed on their turnover. With this in mind, this year’s seminar will focus on how landlords can make their money work harder and investments go further.

The event, hosted by Portico and the National Landlords Association (NLA), will be held on 20th November 2019 at the Institute of Directors in London.

Portico, London’s leading estate agents, and Richard Blanco, NLA London Representative, will be providing an update on the rental and sales market in the capital. There will also be an opportunity to network with other landlords.

We will be exhibiting at the event with our sister company Just Landlords, and we’re also very keen to attend the detailed panel discussions, led by property experts. The topics include:

  • London Hotspots & The Housing Market Review | Portico
  • Getting the Best Mortgage | Jane Simpson, Director, NLA Mortgages
  • Flourish in the New Tax Regime | Mark Stemp, Partner, Crowe UK
  • Policy & Regulatory Briefing | Meera Chindooroy, NLA Head of Policy
  • Panel Discussion – After Section 21

We’re particularly eager to hear the discussion about what the future may hold once Section 21 has been abolished, as the Government doesn’t seem to have its intentions completely organised, as of yet…

By the end of the evening, landlords will have a clear picture of the London market and some reassurance and guidance on how to plan ahead into 2020!

Tickets are £25 or £10 if you’re an NLA Member with your promo code. Click the link to buy tickets: www.portico.com/seminar/

Arrive 6.30pm for 7pm start until 9.30pm on 20th November 2019

Institute of Directors, 116 Pall Mall, London, SW1Y 5ED

Nearest Tubes: Charing Cross, Piccadilly Circus

If you have any questions about the event, please give Portico a ring on 0207 099 4000.

Landlords back merger plans for National Residential Landlords Association

Published On: September 18, 2019 at 8:06 am

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NRLA

Landlords have backed plans for its two largest representative bodies to merge to provide a stronger voice for the private rented sector.

Following meetings held yesterday, members of the National Landlords Association (NLA) and the Residential Landlords Association (RLA) have voted for the two organisations to unite to form the National Residential Landlords Association (NRLA).

The RLA was originally established in 1998 and now represents 40,000 landlords. The NLA’s origins date back to 1973, and it now represents 41,500 members. They both provide advice, training and support, as well as campaigning on behalf of landlords. The NRLA will serve landlords in England and Wales and will have a regional structure.

This means that the new organisation will have a membership of more than 80,000 landlords, making it by far the largest organisation in the sector. Its members will own and manage half a million properties, about 10% of the private rental sector. It will officially launch on 1st January 2020.

The two Chairs, Alan Ward (RLA) and Adrian Jeakings (NLA), have said in a joint statement:

“We are delighted that landlords have backed plans for a new, stronger body to represent them and their interests.

“The new organisation will have a more powerful voice to support landlords, provide services to them and to lobby government.

“Both organisations will now move forward together to appoint a new Chair and Directors for the NRLA. We will be seeking candidates internally and externally and we would welcome expressions of interest from members for these posts.”

Landlords stronger together: National Residential Landlords Association to form

Published On: August 30, 2019 at 8:20 am

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We are excited to hear that the Residential Landlords Association (RLA) will be uniting with the National Landlords Association (NLA).

They plan on coming together to deliver a stronger voice for the private rental sector (PRS).

The National Landlords Association (NLA) and the Residential Landlords Association (RLA) will unite to form the National Residential Landlords Association (NRLA) with a membership of more than 80,000 landlords making it by far the largest organisation in the sector. Its members will own and manage half a million properties, which makes up about 10% of the private rented sector.

The merger has been endorsed by both boards and will be put to a vote of their respective members in September.  The new organisation is planned to launch officially on 1st January 2020.

The two Chairs, Alan Ward (RLA) and Adrian Jeakings (NLA), have said in a joint statement: “After more than 20 years of friendly competition the time is right to create a single organisation to represent and campaign for landlords.

“With so much of our work done in parallel there are major benefits to be gained for our landlord members.

“We will be stronger together when presenting a unified voice to government both nationally and locally about the importance of supporting the majority of landlords who do a good job providing the homes to rent the country needs.”

With such a merger, we at Landlord News hope to find that, more than ever, the members of this industry have our voices heard by those in power across the UK. By working together, we stand a better chance at overcoming the housing crisis and making the improvements needed for landlords to invest in the PRS and provide tenants with the safe homes they need.

This proposal will be put to members of both associations on 17th September. If successful, the NRLA will launch in the new year, serving landlords in England and Wales.

More information on how to vote can be found here.

NLA concerned about number of people investing for retirement

Published On: July 24, 2017 at 8:49 am

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It has been suggested that the recent alterations to the way that buy-to-let properties in the UK are taxed could lead to a pension crisis, with individuals becoming too reliant on property to fund their retirement.

The National Landlords Association warns that 77% of landlords, equating to roughly 1.8 million, are reliant on their buy-to-let investment in order to fund their retirement.

Retirement Planning

Findings from recent consumer market research from Mintel indicate that buy-to-let is still a safe way to save for retirement years, with 68% of people of this opinion.

This said, figures from the Office for National Statistics suggest that the average retired household spends £21,770 each year. This leaves a shortfall of over £15,000 after taking the full basic state pension of £6,359.60 into consideration.

In order for this shortfall to be made up, one would require savings of around £300,000. The National Landlords Association feel that this is why so many people are turning to property.

Richard Lambert, Chief Executive Officer of the National Landlords Association, observed: ‘As a consequence of government policy over recent decades almost two million people are reliant on their property to fund their later years. But the changing tax regime will substantially reduce the income they receive from these investments and so compromise the retirement plans of a significant number of hard working people.’[1]

NLA concerned about number of people investing for retirement

NLA concerned about number of people investing for retirement

Retiree Landlords

Mr Lambert went on to say: ‘Some 27% of UK landlords are already retired and 37% are aged 55 or over, so there is a pressing need to tackle these issues without delay.’[1]

As a result, the National Landlords Association is calling on the Government to assist those affected to adjust their financial plans by tapering the total amount of capital gains tax landlords pay when selling their property. This, the NLA hopes, will be based on how long they have owned and let their property out for.

Lambert explained: ‘Landlords who have invested in residential property for the long term are different from short term speculators who buy and develop properties, and this should be recognised when it comes to how much capital gains tax they pay when they decide to sell.’[1]

‘It is not always in the best interests for landlords to continue to manage residential property into later life. A capital gains relief like we propose would provide an incentive to sell, allowing people to sell poorly performing properties and potentially purchase an annuity or invest in more liquid, lower risk assets to fund their retirement instead,’ he concluded.[1]

[1] http://www.propertywire.com/news/uk/uk-landlords-body-voices-concerned-number-relying-buy-let-retirement/

Ashfield Landlords can Receive Discounts on Licensing by Becoming Accredited

Published On: April 12, 2017 at 9:13 am

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Ashfield landlords can receive discounts on compulsory licensing fees by becoming accredited with an appropriate organisation, the National Landlords Association (NLA) has pointed out.

Ashfield Landlords can Receive Discounts on Licensing by Becoming Accredited

Ashfield Landlords can Receive Discounts on Licensing by Becoming Accredited

From 1st May 2017, Ashfield landlords will be required to license every property they let, or they could be subject to a £20,000 fine.

The licensing scheme, which is being introduced in Sutton-in-Ashfield and Stanton Hill, has been set up to tackle problems identified by the council as poor quality of rental properties, poorly behaved tenants and anti-social behaviour.

However, Ashfield landlords will receive a £100 discount when applying for their licenses if they are accredited with an appropriate body, such as the NLA or the Association of Residential Letting Agents.

The full cost of a license per property is £350 and is valid for five years.

To become accredited with the NLA, landlords can either attend a one-day course or complete the training online.

Benefits of NLA accreditation include:

  • Access and discounts on NLA services
  • A mark of quality, providing greater advertising potential
  • Free advertising with local authorities and on the NLA’s National Register of Accredited Landlords

The CEO of the NLA, Richard Lambert, says: “With only one month to go, it’s important that landlords in the Ashfield area take advantage of these discounts before it’s too late.

“By becoming accredited, landlords will be able to make considerable savings when applying for the licenses, and learn and develop valuable skills and knowledge in the process.

“We believe that education and accreditation enable landlords to maintain a profitable and successful letting business and are vital to improving standards in property management.”

The NLA regularly holds foundation courses to assist new and experienced landlords in the lettings industry, providing the knowledge required to become accredited.

Ashfield landlords, it’s a good idea to take advantage of the discounts on offer by becoming accredited, which will also help you to manage your lettings business.

Local Council is the First to Partner with Landlord Accreditation Scheme

Published On: March 23, 2017 at 9:55 am

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North Tyneside Council has partnered with a leading landlord accreditation scheme to bring professional practice to the private rental sector in the area.

The partnership between North Tyneside Council and the National Landlords Association (NLA) is the first of its kind between a local council and landlord accreditation scheme.

North Tyneside Council is encouraging local landlords to sign up as members to the NLA and become accredited.

Local Council is the First to Partner with Landlord Accreditation Scheme

Local Council is the First to Partner with Landlord Accreditation Scheme

The council approached the NLA to develop the scheme, in order to give landlords additional support and help to raise the standards of private rental housing in the borough.

The partnership means that landlords who sign up to the NLA and become accredited will receive a package of benefits and incentives from the council, worth up to £300 per year. This includes:

  • Discounts on House in Multiple Occupation (HMO) and discretionary licences.
  • Access to commercial waste disposal facilities.
  • Free tenant checks and referencing.

Landlords will also be able to take advantage of the extensive range of membership benefits available from the NLA, including:

  • Access to its telephone advice line.
  • Best practice tenancy agreements, forms and letters.
  • Bi-monthly subscription to UK Landlord, the landlord accreditation scheme magazine.

The Chief Executive of the NLA, Richard Lambert, says: “The NLA is leading the way in establishing working relationships between landlords and local authorities that are willing to work in collaboration to improve standards in the private rented sector.

“This unique partnership with North Tyneside Council represents a major step forward, and we hope it will serve as a blueprint for how the NLA can work with other councils across England in the future.”

He continues: “NLA Accreditation is a national scheme which offers greater consistency for all landlords, tenants and councils to recognise, and it’s the best way to maintain a profitable and successful lettings business.

“We’re delighted that North Tyneside Council is working with us to open up a whole raft of benefits, as well as educational and developmental resources that will work to ensure a more professional sector – not just for renters, but for everyone involved.”

Norma Redfearn, the elected Mayor of North Tyneside, also comments: “This is a great new partnership that will give landlords the opportunity to continue their professional development and gain accreditation, while also supporting our aim of raising the standard of private rented accommodation in North Tyneside.”

Landlords with properties in North Tyneside will have the opportunity to find out more about the landlord accreditation scheme at a forum on Thursday 6th April, from 6pm-7.45pm, at North Tyneside Council’s offices, Quadrant East.

The NLA is also waiving its joining fee (£14) for landlords in North Tyneside.