Although demand for rented property may be high and looking like it won’t dampen any time soon, this doesn’t mean you can just throw a rental advert together without any thought! To ensure that you find the perfect tenant for your property in the shortest time possible these tips will help to make sure your rental adverts stands out. Continue reading »
November 26th, 2015
November 25th, 2015
In his autumn statement, Chancellor George Osborne has announced that buy-to-let landlords and those buying second homes will soon have to pay more in stamp duty. From April 2016, they will have to pay a 3% surcharge on the stamp duty charged for the property. This means that a landlord buying a property at the current, average value of £286,000 will have to pay an extra £230 in stamp duty. Other measures include an extension to the Help to Buy (equity loan) scheme in England which will now run to 2021 – a year longer than planned.
Full story available from BBC News: http://www.bbc.co.uk/
November 24th, 2015
Did you know that you can now feed your properties to advertise from RentPro to Nethouseprices? So who is Nethouseprices?
Nethouseprices.com allows you to advertise your properties for free.
Check out their new exciting website which is generating enquiries and traffic for their agents.
Below are reasons given by Nethouseprices as to why you should list your properties with them:
– They are in the top 5 search results in Google when searching key terms
– Over 10,000 viewing requests sent to agents per month and growing
– Over 5,000 agents listing with them
– Over 500,000 properties listed on their website
– Established since 2004 and one of the first websites to offer sold house prices
To find out more about Nethouseprices or set up an account with them call 01425 474047
November 24th, 2015
With Christmas just around the corner or already in every store on the high street!! It might be expected that things would be starting to slow down before the end of the year, however in the lettings industry it could be said to be as busy as ever.
At the beginning of the month in Jersey, MyDeposits launched its deposit protection scheme. As in the UK, all tenant deposits will now need to be lodged with the protection scheme or landlords and agents could risk financial penalties of up to £2000. Unlike the UK however Continue reading »
November 24th, 2015
The Mortgage Advice Bureau has published data that indicates that increasing numbers of buy-to-let landlords are searching for mortgages on cheaper valued properties. The findings show that 70% of investors looking for a buy-to-let mortgage in Q3 2015 based their search on a property valued below £250,000. This represents a 17% increase on the same quarter last year. The search for cheaper investment properties comes as average UK house prices continue to rise, encouraging landlords to invest in areas outside the South of England.
Full story available from commercialreporter: http://
November 23rd, 2015
According to a recent report from the Association of Residential Letting Agents (ARLA), fewer tenants are experiencing rent increases. The number of rent hikes reported in October fell to 25% from 32% the previous month. Demand for rental properties also fell in October – a trend typical of the time of year – with ARLA agents registering an average of 33 new tenants per branch. London however, bucked this trend with demand for housing increasing in October with an average of 42 prospective tenants registering per branch.
Full story available from propertyreporter: http://www.propertyreporter.
November 20th, 2015
Numerous cases of letting agents making off with clients’ money have been documented over the years, and to many, it seems scandalous that letting agents who handle large sums of money on behalf of other are not subject regulation as is the case with estate agents. Now it seems, that the introduction of mandatory Client Money Protection may be on the horizon. On the request of the Public Bill Committee, to whom he gave evidence earlier this month, ARLA managing director David Cox has submitted an amendment to the Housing and Planning Bill 2015 to Parliament, making it illegal for letting agents to accept money from another person, in the course of lettings agency work, unless they have CMP. The amendment is backed by a broad coalition of 27 organisations including letting agents, homeless charities, landlord bodies, deposit protection and redress schemes, and law firms.
Full story available from Property Industry Eye: http://www.
November 19th, 2015
A planned change in landlords’ tax allowances may discourage property maintenance on furnished properties over the coming months. As of next April, landlords will only be able to deduct costs that they actually incur instead of the existing 10% ‘wear and tear’ allowance. Research from chartered accountants, HW Fisher & Company, appears to suggest that many landlords will postpone such maintenance until the new rules come into force. Figures from the study indicate that 31% or residential landlords intend to spend less than £250 on maintaining furniture and fixtures in the current tax year, compared to previous tax years, when 86% of landlords said that they usually spend more than £250 per year.
Full story available from propertyreporter: http://www.
November 18th, 2015
The Residential Landlords Association has criticised local authorities that charge landlords for licences solely to collect information on the number of landlords in an area, claiming that such licensing schemes were “without reason”. It also described licensing schemes as a tax upon tenants, as landlords pass the costs of licensing on.
The RLA made its attack after a new letter sent to all councils in England from the Department for Communities and Local Government made it clear that they already have the power to ask tenants for information about a property’s tenure and landlord identity.
Read the full story on Property Industry Eye
November 17th, 2015
According to Your Move and Reeds Rains, the results of a recent survey demonstrate that the government’s reduction of mortgage tax relief on buy-to-let properties is a major factor causing 50% of landlords to consider selling up. Another significant factor which appears to be dampening the enthusiasm of landlords is more rigorous regulation and the so-called Right To Rent immigration checks which contribute to the view that investment is more complicated that it was six months ago.
Full story available from Letting Agent Today: https://www.