Landlords from across South Wales have received advice and support as part of the bi-monthly Gwent Landlord Forum.
The event, held by Cwmbran-based Quality Solicitors Rubin Lewis O’Brien, Green & Co Accountants and Tax Advisors and Lettings agency SerenLiving, took place at the Parkway Hotel on Wednesday 30th November.
Two guest speakers gave informative presentations to a packed out room, where Landlords and potential Landlords, were informed of the possible ramifications of the Autumn Statement, as well as alternative lending solutions for buy-to-let investments.
The first speaker was Leanne Flanagan, a Tax Senior of Green & Co Accountants and Tax Advisors. Miss Flanagan has spoken at previous Landlord Forums, updating attendees on the tax implications following budget announcements and other key financial revelations. Continuing on from her previous presentations, Miss Flanagan discussed the potential implications following the Autumn Statement given by Chancellor Philip Hammond on 23rd November.
The second speaker was David Vieira, Managing Director of Go Commercial Finance Ltd. Mr Vieira spoke about the alternative lending solutions that are available within the buy-to-let market. Mr Vieira also discussed the barriers that some landlords face due to the complexity of the buy-to-let process and the benefits of a dedicated mortgage consultant.
Katie Williams of Green & Co Accountants and Tax Advisors said:
“The landlord forum was another great success. As the taxing system is continually changing it is important that landlords are well informed to avoid making mistakes. The Autumn Statement always provides interesting talking points for landlords and this year was no different. The abolishment of agency fees in England is likely to be replicated in Wales, so there is the potential for rent increases.”
Penny Jarman of Quality Solicitors Rubin Lewis O’Brien said:
“We are pleased to have informed landlords not only of the changes they may face regarding taxes following the Autumn Statement; but also of the alternative investments that are available for those wishing to increase their portfolio within the buy-to-let market. There are infinite opportunities for landlords to increase their knowledge and understanding, which is demonstrated in the fantastic turnout each of our forums receives.”