Landlords and investors are frequently busy people, which means they don’t have the time to fully manage their property and chase up rent payments. Other investors own multiple properties in different locations, making it impossible for them to manage everything alone. Others simply wish to make money from their investment without all the time consuming work of property management. Continue reading
Could London experience a new property boom in the coming years?
The property market in London has experienced several months of cooling leading up to the General Election. This followed on from impressive growth in the first half of 2014 and led many people to claim that the property bubble was set to burst. Price rises across other parts of the UK did outpace London in this period, but a new forecast from CBRE claims that prices will increase in London by around 31% over the next five years. If this happens, the capital will reclaim its place as the UK’s property hotspot. Continue reading
Labour promise to remove first-time buyer stamp duty
In a bid to appeal to younger voters who are concerned about the housing crisis, the Labour party have announced plans to reduce the number of landlords raising their rent above the rate of inflation. Most recently, they have also announced a plan to end any stamp duty applied to first-time buyers if they win power. Continue reading
Offering guaranteed rent for your investment
Kensington and Chelsea is a Royal borough located in central London, noted for being one of the most upscale and sought after boroughs in the city. It boasts a huge array of attractions and entertainment, as well as some of the most expensive and luxurious properties in the world. Continue reading
Young renters driving the demand for rental accommodation in London
The UK housing market has been experiencing many changes lately. New research has discovered that more people are living alone, and more are intending to rent for the long term. A recent Housing Futures Survey discovered that 75% of the 43% of single people surveyed expected to be living on their own in rental accommodation in five years time. Continue reading
London’s new property market record
The property market in London continues to be turbulent but the latest figures show that the price of properties entering the market in the capital has reached an all time high. This comes at a period when the market is cooling and prices in some areas are even slipping backwards. According to data from Rightmove, the average asking price for properties on the market in London is now £594,585, up 7% on this time last year. This is impressive in itself but when you look at the growth over the last five years it is close to 50%. Continue reading
Things to consider when letting a property
The rewards of letting a property can be considerable, but the process and management requirements can often be time consuming and complex. There are many important details that need to be considered when it comes to rental properties. Continue reading
Maximise on the capital’s thriving rental market
Over the course of the past five years, the average rental values across central London have risen by 15%. However, if we consider the effects of inflation, average weekly rents are just 1.4% higher than at the beginning of 2010. This makes the rental market a more accessible tenure than the sales market. Census data reveals that the primary contributor to the private rented sector becoming so popular with Londoners is affordability. Over a quarter of London households now reside in rented accommodation. This signifies a 15.5% increase in the last decade and in central London the proportion is even higher. Continue reading
An opportune time for luxury property owners
The first ten weeks of 2015 saw more than £100 million being paid to landlords in advance to secure luxury rental accommodation in London. The capital city has seen an influx of domestic and overseas renters pay the entire cost of six or 12 month tenancies and deposits to secure rental homes in the most sought after locations. Prior to moving into high end properties tenants will typically pay a landlord in excess of £200,000. Continue reading
Managing your property and paying your rent
Letting a property has great money-making potential. If you have a spare property, or even a portfolio of properties, letting can allow you to generate a good amount of money from your property. One of the major difficulties of letting out a property is finding the right tenant. However, our guaranteed rent service will ensure that you no longer have any difficulties with letting your property. Our team can ensure that you receive constant income, even when it is in a void period. Continue reading
