3D Global warns UK property owners

Limassol-based member of CIFSA, 3D Global Financial Services Ltd., has issued a warning to anyone who may have property in the UK that they rent out – especially to students for example.

“On 6 April 2006, if you rent out a property in England you may need a property licence. On this date it will become mandatory for some categories of private landlords to register and get their properties licenced.

“Landlords who fail to licence their property when required to do so will be guilty of a criminal offence and subject to a fine of up to GBP 20,000.

“In addition to this, in certain cases, rent from housing benefit or paid by tenants themselves can be reclaimed if a landlord is found to be operating without a licence.

“If you own property that is rented in England and are not sure whether it, or you should be licenced, contact us on the details below.”

Mark Nowell Cert PFS, 3D Global Financial Services Ltd., Tel 25828292