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We do things differently so you may have some questions. You’ll find the most common ones here.
Yes. You can give us their details up front and we’ll keep them in our records for when they are needed, or you can let us know who they are when we contact you about a specific maintenance or repair issue.
As an overseas Landlord we would be required by law to deduct 20% from your rental income and transfer it to HMRC each quarter unless you have registered with HMRC as a non-resident landlord.
To prevent this 20% deduction from happening each quarter (Jan, Apr, July, Oct) ), you will have to register with HMRC using the NRL1i form link below – there is the option to complete the form online which should speed up the registration. HMRC will then send us a letter which will authorise us to send your rental income without tax deductions. There is also the link for the NRLS guidance document if you need further information. If you need further assistance, call us and we can arrange for someone in the Finance team to give you a call to answer any questions you may have.
HMRC Non-resident Landlord scheme guidance
NRL1i Form for Overseas Landlords
Our NRLS approval number is 904/NA057591 (You will need to use NA057591 on the online form) and the full company details are No Agent Technologies Ltd, 65-67 Leonard Street, London, EC2A 4QS.
After you create a profile you will be contacted by one of our colleagues from the sales team. On average it takes 20 minutes until we call you back, but if you are busy and can’t talk we will call later or send you an email. Our colleague will talk to you to make sure that we understand all your requirements, and then notify the Property Account Manager and their team who will begin proceedings to prepare the property to go live on the relevant marketing portals.
We will also need you to provide a few details, including evidence that you are the lawful owner of the property you are renting:
– A copy of your I.D (Passport, Driving License)
– Your home address (For any future correspondence)
– Bank details (For rent collection)
– Gas Safety Certificate (If the property has gas)
Of the above list, the most relevant to start marketing is the copy of your I.D. We are required by law to do property ownership checks for all the properties we market. The rest can always be passed on at a later date if you were more comfortable to do so.