What really is Below Market Value? The term Below Market Value is often misused, particularly by estate agents and developers. They make a property deal, look a lot better by marketing it as Below Market Value. You need to make sure the property you are purchasing is genuinely below market value. This guide is to […]
Yields Explained… We are going to go back to the basics and explain some essential property calculations, and these are, Gross yield, Net yield and Return on Investment. Whether you are new to property investment and are interested in buying for the first time or if you are an established investor, you may not be […]
Leverage is one of those words that you might have heard of, and you possibly have a vague idea of what it means. You might not know precisely what it is or some of the things to consider. So, what is leverage? People talk about leverage and people also talk about gearing and what does […]
Have you ever bought something because it was cheap and then it didn’t last very long or it didn’t really do what it was supposed to? Well, don’t do that when choosing your letting agent. You will naturally be attracted to the opportunity to save a few pounds and who would blame you? With rental […]
When it comes to decorating your investment property, we always recommend painting in light neutral colours (cream or white). Neutral colours are a safe option and will more than likely suit every tenant and their furniture. However, once your tenant has moved in, do you allow them to paint walls, put up pictures or maybe […]
It is not uncommon to hear of tenants subletting their rental property – either a bedroom to make extra money or the whole property for more rent than they are paying. This can cause you, the landlord with big problems. You will not know who is residing in the property and your property could suffer […]
We received a telephone call this week from Brian who is a landlord, and he asked the following question: “I am a landlord, and I think my tenants have just up and left. They have stopped paying the rent, and their mobile numbers no longer work. I am aware that in these circumstances I should […]
Having an Inventory and Schedule of the Condition report is almost as vital as a signed tenancy agreement. Would you let your property without asking for a deposit? The obvious answer is no, however, by not having an inventory, you may as well not collect a deposit. An inventory not only protects you and your […]
If your current fixed term tenancy is soon to be coming to an end and your tenant would like to stay. You have two options to choose from, you can either issue them with a new fixed term Assured Shorthold Tenancy Agreement or you can let the current Tenancy Agreement to automatically turn into a […]
o you have found a tenant and the rent is coming in, what should you do next? You must conduct periodic inspections throughout the tenancy. Doing this will ensure the condition of the property and make sure the tenants are not breaching any of the terms of the tenancy agreement. You can also see the […]
If you rent out a property, then you really should take out insurance to cover you should something go wrong. What if your rented property was flooded? Would you be able to afford to repair the damage and find alternative accommodation for your tenants? Or what if your tenant stopped paying the rent? If you […]
From 1st April 2018, the Government is introducing new energy efficiency requirements that will make it unlawful to let residential properties with an Energy Performance Certificate with a rating of below an E. The new Energy Efficiency rules: The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015 established a minimum level of energy […]
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