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Buying a house is now much cheaper than renting, according to mortgage lender Halifax, and the wheels of change may be beginning to turn in the housing market. Halifax calculates that the monthly cost of buying the average three-bed home in the UK is now £600. To rent the same type of property would cost around… Continue Reading
Category Archives: News
Landlords’ Responsibility for Gas Safety
As a landlord, you are legally responsible for the safety of your tenants in relation to gas safety. By law you must: Repair and maintain gas pipework, flues and appliances in safe condition Ensure an annual gas safety check on each appliance and flue (CP12) Keep a record of each safety check (for 2 years)… Continue Reading
Landlord & Buy to Let Magazine Issue 30 Out Now
The latest edition of Landlord & Buy to Let Magazine is available online now: www.landlordnet.co.uk Continue Reading
Buy to Let Property Advice
Purchasing a property as a buy-to-let investment is not about making a quick buck, and there are a few things you should bear in mind before making the leap. Before purchasing any property, check with local letting agents about local demand – buying something that there is constant demand for will increase your rent yield… Continue Reading
Number of Young People in Rented Accommodation Has Tripled
Our current economic situation has left young people “increasingly stuck in rented accommodation”, according to the Resolution Foundation. A number of factors have caused this, including the lack of mortgages available for first time buyers, high house prices, and stagnating wages. The number of low and middle income (LMI) earners aged 35 and below who… Continue Reading
Great New Property Listed in Sought After Location
We have a great new property listed. This beautiful four bedroom detached house in Eye, Suffolk, is within walking distance of both the primary and secondary school. Finished to a high standard, this property is definitely worth a look, and is a snip at just £775 pcm. Contact us now on 0845 803 403 to… Continue Reading
How to Conduct Tenant Viewings
There are two different ways to conduct viewings, the first is on an individual basis, and the second is to do an “open house”. Meeting the tenant yourself is a really great way to get an initial feel of what you think of them. Instant likes or dislikes can be powerful and should not be… Continue Reading
Rental Prices Down for 2nd Month in a Row
According to LSL Property Services which owns lettings agents including Your Move and Reeds Rains, rental prices fell by 0.8% in December, having also fallen in November. Although this may seem bad news for landlords, annual figures suggest that rents this December were some 4% higher than the same period the previous year. Indeed, the… Continue Reading
Landlord and Letting Show Dates 2012
The ever popular Landlord and Letting show have announced their dates for 2012. The Barbican, London 13th-14th March 2012 Lancastrian Suite, Gateshead 2nd-3rd May 2012 EventCity, Manchester 27th-28th June 2012 The Barbican, London 4th-5th September 2012 SECC, Glasgow 10th-11th October 2012 NEC, Birmingham 27th-28th November 2012 Visit www.landlordshow.info for more information Continue Reading
Co-op to Increase By-To-Let Lending
The Co-operative Bank’s intermediary mortgage lender, Platform, has announced plans to increase its buy to let lending by 33%, to provide £600m of buy to let loans in 2012. Platform saw strong growth in 2011, with the demand for private rented accommodation continuing to outstrip supply, and investment in the sector increasing. “Our commitment to… Continue Reading