One of the most important considerations for any landlord is deciding how much rent to charge their tenants. Many landlords make the mistake of charging unrealistically high prices, which can really limit your market and mean your property will stay vacant for longer than it needs to be, resulting in lost income for you. On the other hand, undervaluing your property will also mean that you lose out. It is important to strike the right balance to ensure that you can make a healthy profit while still attracting tenants. Continue reading
London properties with unique characteristics
London has one of the most unique property markets in the world. With an amazing array of different housing stock, including properties from a variety of historic periods, there are endless choices when it comes to making a property investment in the capital. From family homes to luxury apartments to unusual and quirky properties, there is something to suit every investor. Continue reading
The impact of living close to prime markets
The “next door effect” has been felt in London for a number of years. The term is used in reference to the fact that the areas in close proximity to prime markets can see rising prices because of their neighbours. This occurs as people look for more cost effective opportunities whilst still being close to the luxuries offered in prestigious locations. It can also be a response to a lack of supply. Continue reading
Avoid the hassle of unpaid rent
Unpaid rent is one of the biggest challenges that a landlord can face. Ultimately, the main purpose of owning a buy to let property is to make money from your tenants’ rent payments, so if they are unable or unwilling to pay you can be left without an important source of income. This can happen for many reasons, from a tenant losing their job unexpectedly to unscrupulous tenants absconding without paying their rent. Whatever the reason, this is something you definitely want to avoid. Continue reading
Taking steps to reduce homelessness in Barnet
Earlier this month, there was a detailed discussion by Barnet Council’s Housing Committee on the topic of providing sufficient affordable housing in the borough over the next decade, reducing homelessness, and ensuring that tenants have access to high quality homes. The aim was to work out practical strategies to address these issues and to clarify their main housing priorities for the next few years. Continue reading
London’s financial revolution
London has replaced New York as the financial capital of the world, resulting in a boom in jobs and attracting more people to the city. This has in turn caused a stir in the property market, particularly in the Docklands, Canary Wharf and surrounding areas. Prices are growing in these areas because demand for corporate and residential properties is high. Investors are seeing this growth and reacting to it, searching for new development sites and opportunities. Continue reading
Block management services for HMOs in Wandsworth
One of the proactive ways in which the London housing shortage is being addressed is through the increase in HMOs (homes with multiple occupants). Many of the buildings in the capital are of a size and structure that allow for more than one family or separate individuals to take up rented occupancy in them. Whilst in certain cases licensing and permission is required, there is unilateral support for this across the authorities of the London Boroughs due to the fact that it helps to relieve shortage of available housing. One of the highest levels of HMOs to be found in London is in the district of Wandsworth, a region which we serve. Continue reading
A major new development for London
London and New York are the two frontrunners for the title of the world’s leading prime property market. Throughout history they have swapped positions frequently and both enjoyed periods of boom and bust. In 2009 Hong Kong entered the equation and was the most favoured market, but the two traditional leading markets quickly fought to close the gap. By 2014 London had regained the position, outperforming all other major markets in the world. Continue reading
UK mortgage lending reaches new levels
The latest figures show that gross mortgage lending in the UK reached £20 billion in September this year, which is a 2% increase from the previous month and a 12% year on year rise. The report from the Council of Mortgage Lenders shows September to be the fourth consecutive month in which the market has seen a sharp improvement in year on year lending. Continue reading
Avoiding the dangers of dishonest representation
The rental market is, at the moment, very much working in favour of those who own properties in London that they wish to let. The potential yields are remarkable, with rental income from London properties showing significant increases on an annual growth measurement. This successful market has inevitably attracted less scrupulous operators. Being caught out, compromised or disappointed by such agencies can be avoided by using our trusted professional services for property management in Sutton and the rest of the capital. Continue reading
