The third quarter of 2015 has seen the availability of buy to let mortgages leap dramatically, with UK landlords now enjoying the widest choice of options on record. The market has seen almost 1,000 buy to let mortgages become available which is a rise of 11% since the previous quarter. Continue reading
Monthly Archives: October 2015
Lucrative opportunities for buy to let landlords
If you are a first time landlord, you likely have a million and one questions. Most new landlords share similar concerns such as whether they need a license or not, what the laws are, and so on. We know that taking that first step and securing an investment property can be a little daunting, but with support from professional letting agents you can be sure of efficiently executed tenancies and comprehensive property management. Continue reading
Condition is crucial for successful lettings
Successfully letting a property depends on several factors, including the location, the price and how well the home is presented. Tenants will always prefer properties that are decorated to a high standard and properly maintained. They will have more pride in the home when this happens, and will generally take better care of it as a result. In some cases, you could even find tenants want to stay for the long term because of the condition. Continue reading
Creative people and professionals are flocking to Hackney
When you’re thinking about making a property investment with the aim of letting it, you will of course need to consider the location, as this is one of the most important factors potential tenants will be thinking about when choosing their new home. Luckily, London has no shortage of fantastic areas which have plenty to offer tenants, leading to plenty of opportunities for landlords and investors. Hackney is one borough which has been attracting a lot of attention in recent years. Continue reading
Eliminate the stress of chasing rent payments
For landlords, one of the biggest sources of stress is unreliable tenants who don’t pay their rent on time, or are unable to pay due to an unforeseen change in their circumstances. However, there is a solution for this issue which guarantees you will receive your rent money each and every month regardless of the tenants who are occupying your property, or even if the property is empty. Continue reading
Proximity to tube stations can have a big impact on property prices
Typically there are a number of prime markets in London that are synonymous with high property values. However, with rising prices throughout the city, properties valued at £1 million and up are becoming more and more common. This can make it tricky to decide what areas to target when looking to make a purchase. Luckily there is one map you can look at to get a quick idea of locations where values may be high and properties are likely to be in demand. Continue reading
Living on the first floor
Blocks of flats are common in London because they allow more homes to be built on the same piece of land. They are also popular because buyer tastes have changed and buyers are more likely to look for a valuable single floor property rather than a traditional home. Luxury apartment buildings also tend to have additional facilities that residents can find attractive. Continue reading
HMOs can meet the growing demand for student housing
The student population in London is predicted to increase by 50% over the next decade, with funding for student housing expected to triple and reach £5.7 billion by the end of 2015. The last two years have seen a significant surge in investment in the UK student housing market, with a rise from under £500 million five years ago to £3.8 billion in the first six months of 2015. Figures show that London accounts for £1.5 billion of the increase. Continue reading
Educating landlords on changes to eviction laws
Under the Deregulation Act 2015, changes have been brought into force that significantly affect private residential landlords. The changes are a direct response to the rapidly growing rental sector and the inherent need for professional practice. The new regulations will impact whether or not a landlord can serve a Section 21 eviction notice on an assured shorthold tenancy. Continue reading
Family homes are seeing the speediest rent rises
The new index from Landbay Rental has revealed the fastest rising rents in London to be those that apply to three bedroomed properties. The index is the first to track rental trends to the county and London borough level in combination with the number of bedrooms. London has seen a 4.6% year on year growth in August, compared to a 3.3% rise on all properties nationwide. Continue reading
