24th March 2021
I think it is safe to say that 2020 was a year like no other for obvious reasons! And from a property market point of view certainly a year which has defied expectations – with the UK experiencing its strongest annual price growth recording since the summer of 2016. To close out 2020, December alone saw over 129,000 homes change hands which is 32% higher than December of 2019 – this only added to what is always a mad rush in the middle of the month to hit clients exchange deadlines so they could enjoy Christmas with peace of mind.
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10th September 2020
Given the right area, investing in a HMO can be a great way to increase the yield of a property, and a way to boost your portfolio. But whether you are new to the property game, or are a seasoned landlord looking for a different route, what should you be thinking about when you are looking for a HMO?
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7th January 2020
Due to the introduction of the recent Tenant Fee Ban, there have been a lot of changes to what we as landlords and agents are able to charge for. One example of that is the deposit for pets. If you are a landlord who allows your tenants to have pets, then that additional deposit you used to charge to cover any damages or cleaning bills caused by pets is no longer allowed under the new bill.
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3rd January 2020
There have been several reports over the past month suggesting that landlords have begun to increase their rents by as much as 22% since May. These same reports say that the hikes are due to the recent Tenant Fee Ban, but could there be other factors also in play?
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1st January 2020
There’s no denying that the lettings market has had it tough over the past 12 months. We’ve seen massive changes in legislation, not least the Tenant Fee Ban, which has mad things harder, both in terms of workload and income. As landlords, it’s difficult to know which path to take – how can we continue to grow and even thrive in this new landscape? And where should we be looking if we want to expand our portfolio to get the best return for our money? Here, we will talk you through some of the recent figures showing the good, the bad, and the downright ugly when it comes to the highest yields in the buy to let market.
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1st December 2019
Recently, the National Landlord Association revealed that landlords’ confidence in the industry has reached its lowest level on record. It seems that all of the changes in laws and legislation over the past 12 months is taking its toll, and understandably, landlords are worried about the future of their businesses.
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14th June 2019
On a wet cold and windy night on the 12th June, local Lettings Agents Concentric (incorporating Lawsons) which have been renting and managing properties in the Wolverhampton area for nearly 30 years, ran its second seminar of the year, with one intention in mind… Educating landlords.
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4th June 2019
There’s no getting away from the fact that there have been a lot of changes in legislation in the lettings industry over the past year, not least updates in the law surrounding energy efficiency. This has been quite a big one, because there is currently a huge buzz around the need for us all to be more aware of our environmental impact, from the materials we use every day, to how we reduce the amount of energy in our businesses and in our households. So let’s take a look at what’s changed, and how we as landlords and agents need to look at energy efficiency within the properties that we rent out, along with the potential hurdles that might present.
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29th March 2019
From 1st April 2019, it has become mandatory that all property agents hold a registered membership with a certified money protection scheme. This is by way of insurance for landlords and tenants, to prevent rogue agents from keeping back money from deposits and rents if something goes wrong. Let’s look at what this means for landlords, and what you should be looking out for when you employ an agent to manage your properties.
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15th March 2019
Since April 2018, it has been possible to be banned from being a landlord. Not unlike facing a 12 month ban from driving if you break the law, as a landlord, you could now be stopped from letting out or managing properties for being found guilty of housing offences. It’s a pretty radical, although arguably necessary move, brought into play to crack down on rouge landlords and agents. So what does it mean, exactly, and how could it affect you?
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