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Platinum Property Partners Special Feature
Top 5 dates to be aware of this year!
Last year was a whirlwind for property investors, and this year looks likely to be jam-packed too. Because of this, Platinum Property Partners look into a few dates we should all be aware of in 2019!
Franchise Information
  • BFA Membership StatusFull
  • UK Years Established14 years
  • Current UK Coverage75%
  • Franchisee Support Staff30
  • Personal Investment Req.£50,000 approx
  • Total Startup Cost£175,000 approx
  • Home-based business locationYes
  • Office-based business locationYes
  • Business to consumer servicesYes
  • Franchisee operates individuallyYes
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Top 5 dates to be aware of this year!

Platinum Property Partners Franchise | Property Investment Franchise

Last year was a whirlwind for property investors, and this year looks likely to be jam-packed too. Because of this, Platinum Property Partners look into a few dates we should all be aware of in 2019!

1. Homes Act

When: 20th March 2019

The Bill, passed at the end of 2018, changes the Landlord and Tenant Act 1985 to ensure that residential rental properties are maintained adequately and are ‘fit for human habitation’. It also includes amendments to the Building Act 1984 to confirm liability for work undertaken on residential rental property that doesn’t meet Building Regulations. There are no new obligations for landlords under this Act and therefore there’s no need to worry about this, but we think it may be interesting to keep an eye on.

2. BREXIT

When: 22nd May 2019

The dreaded B-word. Up until now, the UK had been set to leave the EU next Friday, on the 29th March. Now, two new dates have been offered by the EU.

22nd May – If MP’s approve Theresa May’s Brexit deal next week, then the UK will leave the group of countries on this day.

12th April – If MP’s reject the deal, then the UK will need to leave the EU on this date with no deal or have decided a new plan by then.

The media has whipped the nation into a frenzy with reports of an economic catastrophe, but no matter what date – will it cause the next property crash? No. Will it create a short-term wobble? Possibly. Should it affect your investment decisions? We think not.

3. HIGHER TAX THRESHOLD

When: 6th April 2019

Your tax-free personal allowance – the amount you earn before you start paying income tax – will increase by £650 to £12,500. The higher-rate tax threshold will also be increasing on this date too; so whereas you’ll be paying 40% tax if you earn £46,350 or more right now, as of the 6th April, this won’t kick in until you earn £50,000 or more.

4. TENANT FEES BAN

When: 1st June 2019

When the government announced a plan to ban letting fees across England, it was with the intention of saving tenants millions of pounds, and to promote a more transparent letting process. While there have been rumblings of costs being passed on to landlords, or even on to tenants through increased rents, it’s unlikely to have a major effect on property investment businesses but something to aware of in the property investment industry as a whole.

5. AUTUMN BUDGET

When: October 2019

Will there be any more strings in the tail for landlords? Will there be a U-turn on stamp duty? Nobody knows what’s ahead (aside from the usual cabinet disagreements), but it’s always worth tuning into the chancellor’s budget to see if anything will affect your personal or business finances.

PPP will be watching closely to see how all of these events plays out, but should you have any questions in regards to these or Platinum Property Partners more generally, please request for information on our online profile.

Find out more about the Platinum Property Partners Franchise, the exciting Property Investment Franchise. Click below now!

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What Our Franchisees Say

We can't imagine trying to navigate the uncertainty of the COVID-19 pandemic without the help and support of Platinum and the other Franchise Partners. Feeling part of this community is very special to us.Alex and Emma - Franchise Partners


COVID-19 has really stress tested the model, we've seen it in action and it's given us confidence that it's really robust for the future.Paul Reynolds - Franchise Partner


No one can join PPP with all the necessary skills and experiences. You don't have to. You will be mentored to achieve things you don't know how to do regarding terms of purchasing property, refurbishing property, finding tenants and operating your houses.Mark Ridout - Franchise Partner


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