NEW THREAT To Landlords And Employers As Home Office Tripple Fines For S...

NEW THREAT To Landlords And Employers As Home Office Tripple Fines For Supporting Illegal Immigrants

Just when landlords thought they’d suffered enough red tape a new threat is looming.

If you would like to take things to the next level and learn more about managing your money and becoming financially free, I invite you to join me on my 1 Day S.M.A.R,T MONEY Workshop – Saturday 19 August 10-5pm (with regular breaks and a lunch).

Click here to register:  https://buy.stripe.com/00g01E92W4R8cfebII  

The UK Home Secretary, Suella Braverman, announced this week that fines will to be more than tripled for employers and landlords who allow illegal migrants to work for them or rent their properties.

The civil or non-criminal penalty for employers, last raised in 2014, will be increased to up to £45,000 per illegal worker for a first breach from £15,000, and up to £60,000 for repeat breaches from £20,000.

Fines will rise from £80 per lodger and £1,000 per occupier for a first breach to up to £5,000 per lodger and £10,000 per occupier.

Repeat offenders will face fines of £10,000 per lodger and £20,000 per occupier, up from £500 and £3,000 respectively.

The higher penalties, which require a lower burden of proof than a criminal prosecution, will be introduced in 2024.

The Home Office will consult on options to strengthen action against licensed businesses who are employing illegal workers later this year.

Almost 5,000 civil penalties have been issued to employers with a total value of £88.4m since 2018.

In the same period, buy-to-let landlords have been hit with over 320 civil penalties valued at £215,500.

Minister for Immigration Robert Jenrick said that employers and landlords should already be checking the eligibility of anyone they employ or let a property to. There are a number of ways to do this, which are not changing, including via a manual check of original documentation and a Home Office online checking system. The online check takes only 5 minutes.

Over 17,000 people have entered the UK illegally this year on small boats from France.

UK inflation fell to 6.8% (from 7.9) this week raising hopes that the Bank of England will hold interest rates at 5,25% - the highest for 15 years - next month.

However, with core inflation unchanged at 6.9% interest rates could rise to 5.5% adding further pressure on the housing market and driving the UK further towards a recession.

We are not out the economic woods yet, so learning how to mange your money has never been so crucial.

See also:

Landlord - Serviced Accommodation V Buy-to-Let Property Rental And HMO’s - Exploring Alternative Buy-to-Let Strategies in the UK: Serviced Accommodation, Holiday Letting, and HMOs

https://youtu.be/5uJcr7YoPso

See: – Transfer Property Into A Limited Company Without Paying CGT or Stamp Duty https://youtu.be/mtGq7WaVxLA

If you would like more information and an assessment on letting your property hassle free, hands-off with FULL MANAGEMENT using the serviced accommodation model, email southherts@localagent.co.uk with your property details and location.

Content for educational purposes only, not financial advice. Always speak to an independent financial or mortgage adviser.

SPECIAL OFFER

S.M.A.R.T Money Management Workshop

I want to help you get control of your money, learn how to invest and become financially free.

If you would like to take things to the next level and learn more about managing your money and becoming financially free, I invite you to join me on my 1 Day S.M.A.R,T MONEY Workshop – Saturday 19 August 10-5pm (with regular breaks and a lunch).

Click here to register:  https://buy.stripe.com/00g01E92W4R8cfebII  

On this interactive workshop I’ll be taking you through the following in more detail: 

·        Millionaire mindset

·        Your money personality

·        Your money blueprint

·        Investing in stocks and shares

·        Saving tax

·        Investing in property

·        Saving money

·        Budgeting planner

·        Second income

·        Financial freedom

·        And much much, more

Cost for 2 places just £17.00!

I look forward to meeting you on Saturday 19 August. 

Places are limited to give attendees more individual attention - reserve your seat now - https://buy.stripe.com/00g01E92W4R8cfebII

 

 

#illegalimmigration #illegalmigrants #interestrates #property #mortgages #remortgage #mortgagerates #homebuyers #estateagent #housepricefall #finance #moneytraining #moneymanagement #wealth   #bankofengland #inflation #money #servicedaccommodation #holidaylet #HMOrental #holidatrental #airbnb #booking.com #buytoletlandlords #health #business

 

 

Toronto Property Market Explained By Luc Lising One Of Canada’s Top 1% R...

Toronto Property Market Explained By Luc Lising One Of Canada’s Top Realtors  

For more great tips and money-making ideas and coaching offers see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.

In this exclusive interview with 22-year-old Canadian-Filipino Luc covers:

·        Why buying in a property downturn is the best time for opportunities.

·        The advantages of buying off-plan new build condos in the GTA.

·        Government ban foreign property investors.

·        What you MUST do to be successful.

·        The importance of having a mentor.

·        Don’t meditate on work, just work!

·        Simple businesses that work!

Watch full video interview - https://youtu.be/lldv5gL1GaQ

The UK housing market will shrink - but not necessarily crash - next year, industry experts agree, as the government fights recession and higher mortgage rates.

House prices have been dropping month-on-month with average prices down 2.3% in November from October – the most since the start of the financial crash in 2008 – according to Halifax.

See My UK Property Predictions For 2023 – Where Is The Housing And Rental Market Going?

Watch video on my YouTube channel - https://youtu.be/ekDrJUZ6pUg

#property #rentalmarket #finance #financialfreedom #freefinancialtraining #freetraining #money #wealth #landlord #buytoletlandlord #property #goals #plans #interestrates #mentor #canadapropertymarket #GTApropertymarket #torontoproperty #luclising #filipinocanadian

Spray Foam Loft Insulation Could Render Your Home “Worthless”

Spray Foam Loft Insulation Could Render Your Home “Worthless”

For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.

The UK government giving out billions in grants to homeowners to cut energy costs – including installing insulation and even solar panels.

But one type of insulation, spray foam, could make your home value go to “zero”, according to surveyors and property valuers for mortgages.

BBC reported that one couple had their property valued at “zero” by a lender’s surveyor due to spray foam in the loft.

DO NOT instal Spray Foam Insulation!

House Prices Saw Biggest Drop In 14 Years, Halifax Report Reveals

For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.

UK house prices suffered their biggest drop in 14 years in November, falling by 2.3%, according to the largest mortgage lender The Halifax.

At the same time, London rental prices have soared 17% or £273 per month in the last year, according to Zoopla.

Other large regional cities have seen similar increases, including Manchester, up 15.6%, Birmingham (12.3%), Glasgow (14.1%), Bristol (12.9%) and Sheffield (2.4%).

The average rent for new lets soared by £117 per month since last year, reaching £1,078 per calendar month.

Rental growth now stands at 12% per year, twice the growth in earnings and accounting for over a third of average earnings for a single person.

People Out Spending Despite Recession

London has been packed with shoppers and visitors splashing their cash.

More Money Tips Episodes:

Transfer Property To A Limited Company WITHOUT Paying Capital Gains Tax or Stamp Duty Tax - https://youtu.be/mtGq7WaVxLA

Making Tax Digital – MTD Means More Red Taper Ahead For Weary Landlords - https://youtu.be/mYhJSCbOGLE

For more tips and money-making ideas and coaching see Master Your Money the S.M.A.R.T Way training. Check it out for free - https://bit.ly/3isugCr.

#freetraining #savemoney #moneysavingtips #mortgage #creditcarddebt #costofliving #goals #houseprices #property #getcontroloffinances #money #halifax #housingmarket #interestrates #inflation #tax #section24 #buytoletlandlrd #propertyinvestor #Zoopla #rents