The National Residential Landlords Association (NRLA) has recently forged a partnership with GetGround, a specialized property investment platform catering to buy-to-let landlords operating in the UK market. This collaboration aims to offer NRLA members access to a range of tailored services aimed at simplifying the process of establishing and managing UK limited companies. By leveraging the resources provided by GetGround, NRLA members can navigate the complexities of company formation with ease, ensuring compliance with regulatory requirements and optimizing operational efficiency.
One of the key benefits of this partnership is the opportunity for NRLA members to explore limited company structures as a means of enhancing tax efficiencies. With expert guidance and support from GetGround, landlords can evaluate the potential advantages of incorporating their property portfolios, thereby minimizing tax liabilities and maximizing returns on investment. By adopting a strategic approach to company structuring, landlords can capitalize on available tax breaks and incentives, ultimately bolstering the profitability of their property ventures.
Furthermore, NRLA members can leverage the expertise of GetGround to optimize inheritance planning strategies. Through careful planning and execution, landlords can safeguard their assets and ensure a smooth transition of wealth to future generations. By incorporating inheritance planning considerations into their overall investment strategy, NRLA members can mitigate potential tax implications and protect the long-term value of their property assets for their heirs. This collaboration between NRLA and GetGround underscores a commitment to empowering landlords with the tools and resources needed to navigate the ever-evolving landscape of property investment in the UK.
GetGround offers a range of services to help investors achieve higher returns. Tasks which GetGround can assist NRLA members include the following:
- Formation of a new limited company
- Provision of bookkeeping, accounting, tax filing, and administrative assistance for established limited companies
- Access to a landlord-focused business account
- Identification of vetted new build or secondary properties for landlords
- Facilitation of property sales, whether tenanted or vacant, to an engaged network of landlords and agents.
Ben Beadle, chief executive of the NRLA, highlights the substantial shifts witnessed within the private rented sector in recent years. This collaboration between the NRLA and GetGround serves as a testament to the NRLA’s unwavering dedication to providing members with progressive solutions tailored to the contemporary landscape of property letting in 2024. By acknowledging and adapting to the evolving challenges faced by landlords, the NRLA continues to demonstrate its commitment to supporting members in navigating the dynamic nature of the rental market.
Beadle further emphasizes the significance of the NRLA’s partnership with GetGround in facilitating landlords’ management of their property investments. Through this collaboration, the NRLA aims to empower landlords with the tools and resources necessary to effectively address the complexities inherent in property management. By offering innovative solutions and support services, the NRLA seeks to enable landlords to enhance operational efficiency and drive the growth of a resilient and sustainable private rented sector.
In aligning with GetGround, the NRLA underscores its broader mission to promote the long-term viability and prosperity of the private rented sector. By fostering collaboration and innovation within the industry, the NRLA aims to cultivate an environment conducive to the success and prosperity of landlords. Through strategic partnerships and proactive initiatives, the NRLA continues to play a pivotal role in shaping the future of property letting, ensuring the sector remains vibrant, adaptable, and responsive to the needs of both landlords and tenants alike.
Moubin Faizullah-Khan, the CEO of GetGround, reflects on the evolution of their products over time, driven by ongoing feedback from landlords utilizing their platform. This collaborative effort with the NRLA, the UK’s largest landlord association, signifies a strategic initiative aimed at further refining and broadening the scope of property investment solutions available to investors, both seasoned and novice alike. By capitalizing on this partnership, GetGround endeavours to extend its reach and provide comprehensive support to landlords worldwide, facilitating a seamless and hassle-free property investment experience.
Through this collaboration, GetGround aims to revolutionize the landscape of property investment by offering tailored solutions that cater to the diverse needs and preferences of landlords. By leveraging the extensive resources and expertise of the NRLA, GetGround is poised to enhance its platform’s functionality and accessibility, empowering landlords to make informed decisions and navigate the intricacies of property investment with confidence. Together, GetGround and the NRLA are committed to fostering a supportive and collaborative environment that fosters the growth and success of landlords across the globe.
