Once you have purchased your UK home or investment, you will be required to adhere to a new set of obligations.
Those who have purchased UK homes for personal use will need to register with utility companies and make frequent payments, organise council tax, ensure there is valid insurance in place – and that the conditions of the insurance are adhered to.
This is all before organising furniture, making alterations and adding new buildings to the existing structure. Investment properties will need to be marketed, tenants sourced, and then monthly monitoring to be confident that funds are not being squandered and any letting agent is fulfilling their promises. In addition, there are overseas Landlord forms that need to be completed. Annual tax returns should also be submitted in order to remain legally compliant.
Vacant Property Management
Designed for those who do not reside on a full time basis in their UK home, vacant property management is ideal for those who want the assurance that their house is well cared for in their absence. The first year of owning a holiday home is ordinarily the time when lots of purchases take place, and various large tasks need completing.
With this in mind, we have created two different packages to ensure you receive the best value for money.
New Home Packages
We have created bespoke packages specifically for your new property. These packages include:
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Set up of all utility accounts
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Property insurance
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Bill monitoring
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24 inspections per annum
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CCTV
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Satellite TV channels
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Installation of shataff hoses
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Garden maintenance
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Overseeing improvements and construction works
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and so much more
Existing Home Packages
After the essentials are taken care of, we offer packages for the on-going maintenance and obligations your property requires, such as:
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Continuing inspections
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Bill maintenance
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Annual boiler service
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Garden maintenance
Asset Management
After your investment purchase has completed, many individuals would expect that they assign this to a letting agent and leave the property in expert hands.
Unfortunately, this is not the case, with many Landlords approaching us expressing various difficulties – finding that their financial obligations had not been paid on their behalf, their rental income was not being received, continual additional fees from their agent, etc. Upon investigation, we found that several landlords had paid out unnecessarily based on the advice of their agent.
As an overseas investor who is not present in the UK, or fully conversant with the UK laws and regulations, it would be extremely difficult for you to be able to monitor this effectively – and this is where House Hub can help.
When we take ownership of an investment, we will carry out the following lengthy tasks. We will conduct a full audit of every expense requested by your agent. We will also ensure you are registered with HMRC for tax purposes and organise an accountant to handle your annual tax return. We will then monitor the agent, acting as Landlord on your behalf.
Unlike an overseas homeowner or Landlord, the House Hub Staff:
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Have a solid background in sales and lettings, including all the obligations and laws within.
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We are in the strong position of understanding both cultures involved and can make sure all parties receive their communication in a way that makes sense.
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We understand property maintenance and the obligations and necessities involved with vacant property management.
We work with you, to provide the services you require – Asset Management was created as a result of a client request and we are thrilled to say that we have saved Landlords thousands of pounds since creating this service!
For more information about how our services can help you, contact us on this page.