Why use McCoubrey Cooke?
We are a local, independent firm specialising in Property sales, Residential Lettings and Property Management. With a combined experience of over 30 years as private landlords and unrivalled local property knowledge we are confident that we can provide you with a highly professional service.
We understand that letting your property, especially for the first time, can be a worrying experience and with that in mind our most important consideration is providing you, the Landlord, with the with the best possible service and the right tenant for your property.
We never forget that your property is your most important asset and we can confidently assure you that by instructing us to act as your letting and Management agents your asset will be in professional and caring hands.
As a Landlord you have several important legal obligations. The most important of these concerns the safe condition of the property and it’s contents, it is vital that you comply with the relevant legislation. Non-compliance with the various laws and regulations is a criminal offence and carries penalties of up to a £5000 fine, 6 month’s imprisonment, or both. In the event of a death, charges could even extend to manslaughter. Obtaining and maintaining compliance with an ever changing raft of Government legislation is a challenge for even the most experienced and knowledgeable Landlord. With our management fees being tax deductible in the vast majority of cases, we firmly believe that our professional service can save you time, inconvenience and money.
A Personal Service
We are an independent small business with hands-on owners, and are therefore able to offer a personal and friendly service, whilst maintaining a high standard of competence and professionalism.
As Landlords ourselves, we are fully aware that there are many hidden and ongoing costs involved in the upkeep and maintenance of a property and believe that our fee structure offers a fair fee for the professional service we provide. We are particularly committed to investment Landlords and savings can be made on the smallest of portfolios.
Carefully Selected Quality Tenants
The key to the successfully letting of a property is having a quality tenant who can not only afford the rent but will also look after the property in an appropriate fashion. All our prospective tenants go under a full tenant check by the National Landlords Association which includes checks on the following
National Landlord Association Checks
Bankruptcy and Insolvency Check
Linked Address Check
Electoral Roll Search
Bank Account Validation
Previous Tenancy Reference
Following these extensive checks the National Landlords Association issue a detailed report with a recommendation as to the acceptability of the tenant, and if necessary they will recommend a guarantor who will undergo the same checks. We only recommend successful applicants and can provide a low cost rental guarantee scheme under the auspices of the National Association of Landlords.
Specialised Insurance for Landlords
We have close links with a local independent insurance broker who can offer expert advice and a range of competitively priced insurance products especially designed for Landlords, providing extra security and peace of mind.
Income Tax liability – UK Resident
Where the Landlord is resident within the UK they are legally responsible to declare any profits made from property rentals on the property pages of their self-assessment tax return. While we can offer general advice on taxation matters we would always recommend seeking professional advice from an appropriately qualified professional.
Income Tax Liability – Landlords Resident Overseas
Under the Taxation of Income from Land (Non-residents) Regulation 1995 a non-resident Landlord must complete an NRL1 form requesting that rental balances are paid directly to him with no tax deducted.
Alternatively or in the absence of an exemption certificate we are legally obliged to deduct tax at the current basic monthly rate of 20% abs pay this directly to HRMC on a quarterly basis