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.

Watch YouTube video version - https://youtu.be/Uk-RbN5A6dI

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.

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