Kaybridge pride themselves on their transparent fee structure and all prices quoted are inclusive of Vat so there should be no nasty surprises.
Our fees vary depending on the level of service you choose and our managers will be very pleased to discuss these with you in detail to ensure that you receive the level of service you require at the price you expect.
Professional and friendly service.
Having used the services of Kaybridge Residential for the first time, I was pleased with the way the business was conducted in a clear and professional manner with attention to detail and with sense of urgency. Highly recommended and we'll use them again.
We are legally obliged to file a tax return stating the name and addresses of our clients with HMRC. If you intend to be an Overseas Landlord at any point during the Tenancy we will be required to deduct 20% tax at source and forward it directly to HMRC unless we have received consent to pay you in full .
If you wish to claim exemption you will need to complete forms NRL1 or NRL2 and send the application form to:
The Centre for Non- Residents (CNR), St Johns House, Merton Road, Bootle, Merseyside, L69 9BB quoting Charters Reference Number NA006026.
With the ongoing changes to taxation on rental properties we always advise that you seek independent financial advice to discuss what costs can be offset against your rental income.
Section 21 | Changes
The deregulation Act 2015 introduced some important changes to how and when a landlord can serve notice to regain possession of his property. The original changes affected all tenancies that started after the 1st October 2015 but as of the 1st October 2018 the rule changed for all tenancies.
This now means that a landlord can not serve notice in the first four months of a tenancy and they must also have fulfilled some compulsory requirements. They will be unable to serve notice if they have not provided the tenant with:
■ A copy of their gas safety certificate.
■ A copy of the government prepared How To Rent Guide.
■ A copy of the properties EPC
■ A copy of the prescribed information relating to the protection of the tenants deposit.
Further more they will be unable to serve notice if the property is not licensed and should have been and if there are outstanding maintenance issues.
If you live outside the UK for 6 months or more and own a rental property in the UK, you will be classed as an Overseas Landlord and will need to comply with the Non-Resident Landlords (NRL) scheme - this has rules about how you pay tax.
This scheme requires UK letting agents such as Kaybridgeresidential , to deduct basic rate (20%) tax from the rent they collect for non-resident landlords. You will be able to set this off against your tax bill at the end of each year.
If a property is jointly owned, each person must pay tax - the income and expenditure is equally divided between the parties. A Non-Resident Landlord may complete an NRL1 form to ask the Inland Revenue not to deduct tax at source - but be aware that approval of this will not mean that the rent is exempt from UK tax.
Fees to Landlords
Level of services fee
■ Intro Only 7% + VAT
■ Rent collect 9% + VAT
■ Fully Managed 12% + VAT
Professional Photographs and Floorplan (if requested) £160 (inc VAT)
Other packages available so quotes can be provided.
Set-up Fee equivalent of 2 weeks rent
■ Preparation of a personalised tenancy agreement
■ Ensuring legal compliance
■ Conducting Right To Rent checks on all tenants
■ Inventory Make and Check In
Additional Property Visits £50 (inc VAT)
To conduct an additional property inspection when requested.
Waiting at Property £30 (inc VAT) per hour or part of
To wait at a property to allow access or any other maintenance linked visit.
Deposit Registration Fee £20 (inc VAT)
Full tenant checks
Preparing the tenancy agreement
Deposit Registration Renewal Fee £20 (inc VAT)
To re-register the deposit with a relevant scheme when the tenancy renews.
Deposit Transfer Fee £36 (inc VAT)
Confirming registration of deposit with a relevant scheme and transferring it accordingly.
Submission of Non-residentLandlords Receipt to HMRC £60 (inc VAT) quarterly
To remit and balance the financial return to HMRC quarterly and respond to any specific query relating to the return from the landlord or HMRC.
Additional Rental Statements £10 (inc VAT) per request
Arrangement Fee for Works Over £2000 and Refurbishments will be 10% of net cost
■ Arranging access and assessing costs with contractor
■ Ensuring work has been carried out in accordance with the specification of works
■ Retaining any warranty or guarantee as a result of any
Renewal Fee £96 (inc VAT)
Contract negotiation, amending and updating terms and arranging further tenancy and agreement.
Court Attendance £480 (inc VAT) per day
Void Property Management £180 (inc VAT) pcm
Fortnightly property visits Arranging necessary maintenance works Collecting Post Complying with terms of insurance
Get in touch
Call us on 0208 0040474 or send us a message...