This event has been organised by the NLA.
Improved pricing for all NLA members at TradePoint
Shaun Stirling, Tradepoint advisor, B&Q King's Lynn
The NLA have negotiated improved pricing for all members at TradePoint. As an NLA member you receive greater discounts than if you were to apply for a TradePoint card in-store. You now pay less on 400 key lines in the TradePoint catalogue covering kitchens, bathrooms, decorating, plumbing, electrical, tools, landscaping… and much more! These savings are on top of the already low trade prices. Conveniently located inside over 300 B&Q stores nationwide, local TradePoint in King’s Lynn offers everything needed for building maintenance under one roof… an ideal one-stop-shop for landlords. Materials / tools are available in-store (7 days a week early-late), or can be ordered online/by phone. Shaun will explain what TradePoint services are on offer and how does it work. You do not to be a trade to be a member of NLA to obtain TradePoint discounts.
Changes and implications in the mortgage market
Gavin Simpson, Mortgage Consultant / Director, The Norfolk Mortgage Company
New buy-to-let lending rules will be introduced from September, so what should landlords keep in mind ahead of the changes? Planned landlord rulings are set to take effect from September 2017 with an ever-tighter focus on buy-to-let mortgage and lending requirements. In a bid to reduce irresponsible lending in the sector, the Bank of England (specifically the Prudential Regulation Authority) will place new, tougher requirements on lenders from September including the interest rates-dependent ‘stress test’ on new mortgage applications. Lenders will also need to review a landlord’s entire property portfolio when making a decision on their single property application, which will hit multi-property landlords hard, especially if one or two of your properties aren’t turning much of a profit.
New restrictions and changes in taxation; how it works and how we can help investment landlords efficiently plan their property investment portfolio
Jason Hall, Chartered Certified Accountant / Partner, Mapus-Smith & Lemmon LLP
Buy to let landlords have faced many changes to the taxation of investment properties over the past few years. The most significant change, introduced over the next four years, is the restriction of higher rate tax relief on interest and finance charges incurred by buy to let property owners on borrowings. Whilst it may appear that this restriction does not affect basic rate taxpayers, the way the new calculation operates will affect how taxable income is arrived at and how it can affect other taxes and benefits such as tax credits, child benefit claims; higher rate tax payers can produce effective rates of tax exceeding 100%! My focus will be how the new restrictions work and how we can help investment landlords efficiently plan their property investment portfolio.
General news and updates in letting industry
Inna Melnyk, NLA Representative Norfolk & Suffolk
An update and insight into current landlord issues including recent changes to legislation and the minimum requirements for safety standards; also tips and hints to help prevent or resolve issues that may arise for local landlords managing their property portfolios.
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CONTINUED PROFESSIONAL DEVELOPMENT
The hours spent attending this event will contribute towards Continued Professional Development (CPD) for NLA Accredited Landlords. The relevant number of hours should be manually added to your CPD profile on the NLA Online Library