Rental Affordability In The 2020s

Rental Affordability In The 2020s

As a nation, we have become more akin to renting than buying. One if five households now rent through the private sector. Young renters like the idea of being able to move around the country, where as families prefer stability and this isn’t as guaranteed as it is with a council property.

What can you afford to pay on a monthly rental

Before you start viewing a property, it is important for you to know how much your annual income will dictate the rent of the property you are looking at.

If you would like to know the rental amount you can go to, then please click on this link for our

Rental Affordability Calculator.

Is Property Investment Still a Good Option

Is Property Investment Still a Good Option?

Investing in property and the yield that can be gained from it has always been considered a good bet. You have a property that historically has always increased in price and you receive a rental income from the property.

Today where many savings accounts are hard to find above 1.5%, having your money sat idly is just not working for you and therefore many are turning to property to give a better return.

If you had £250,000 cash sat in the bank earning 1.3% your annual return will be £3,250. Depending on where you buy, a property in the Bournemouth or Poole could buy you a 2 bed house. This would typically rent for around £900 pcm bringing you a yearly return of £10,800, an additional £7,550.00 per annum.

Learn more about property yield

If you would like to know the yield of an investment property, then please click on this link for our

Rental Yield Calculator.

Understanding Stamp Duty

Understanding Stamp Duty

Stamp Duty Land Tax (SDLT) is a tax we pay when we purchase a residential property.

The amount we pay depends on how much the property is worth and how many properties you own. Stamp Duty rates were changed their rates in 2014 and then again in July 2020 where the government introduced a 3% uplift if you own more than one property.

The 2020 Summer Statement introduced a temporary reduction in Stamp Duty for buyers in England and Northern Ireland completing purchases before 31st March 2021 with no Stamp Duty due on the first £500,000 of property value.

In the March 2021 United Kingdom budget the deadline was extended to 30 June 2021 for purchases up to £500,000 and 30 September 2021 for purchases up to £125,000.

Take a look at our stamp duty calculator

If you would like to know how much stamp duty you will be paying on a property then please click on this link for our Stamp Duty Calculator.

Click through to our Stamp Duty Calculator to learn more.

Buying a home

Buying A Home With A Mortgage

Buying a home is probably the largest purchase you will ever make and can seem over whelming and for many people it feels like they are learning another language. Understanding how interest rates work from variable to fixed terms, from repayments to interest only and how the term of the mortgage all reflects on the payments you will be committing too.

Paying your mortgage off faster

Did you know by paying a little more off your mortgage each month can bring down the term of your mortgage? Our mortgage calculator will be able to tell you how much your repayments will be based on how much you borrow and how long you wish to take the mortgage out for.

That is why we have put together a mortgage calculator for you to play with.

See for yourself by clicking through to our

Mortgage Calculator

MY JOURNEY ON SERVICE ACCOMMODATION SO FAR….

One of the feedbacks I regularly receive from my clients is that I walk the walk and don’t just talk the talk.

I am a landlord with a portfolio of properties, ranging from flats, houses and HMO’s and have been for nearly 30 years. This means I feel the joy and the pain of being a landlord, I have experienced the voids and learnt how to overcome them, I have had (along time ago) the bad tenants and learnt how to avoid them as well as the cheap contractors who turned out to what they were worth! Because of this I can pass on this huge experience and knowledge to my clients and they in turn benefit from receiving good quality tenants, good quality contractors at reasonable prices. I like to think our service isn’t just excellent but superior as well as very often going beyond the normal call of duty.

Read more “MY JOURNEY ON SERVICE ACCOMMODATION SO FAR….” →

HMO DEADLINE – 1ST OCTOBER

If you rent multiple rooms to 5 or more people, forming two or more households, then you need a license and the deadline to apply is 1^st October 2018.

Up and until now, landlords only required a license if you had five or more people AND over 3 or more floors. The new changes have taken the ‘AND’ out and you now require a license whether they are on one floor or more.

Read more “HMO DEADLINE – 1ST OCTOBER” →

Landlord Jailed For 12 Months

A landlord in Huddersfield has been jailed for 12 months in July 2018 in a trail that took 2 weeks.

Two boys aged three and two, sadly died in a rented house fire, which was started by a tv in the boy’s bedroom. Due to no smoke alarms being fitted at the property, they were not alerted in time to save the boys.

Read more “Landlord Jailed For 12 Months” →

Are You Thinking of Selling Your Lettings Agency Business?

This year has been one of the busiest years in a long time where I seem to be on a course nearly every other week, making sure we are always compliant, and our landlords are safe.

I must admit for the last 12 months I have felt a cloud over my head and wondering where is the industry is going? Being a landlord myself, I have felt the pain of the mortgage interest no longer being allowed to be deducted, the new HMO rules coming into force this October and the biggest one for me personally on the business side will be the Tenant Fee Ban coming in next year.

Read more “Are You Thinking of Selling Your Lettings Agency Business?” →

Is Your Property Protected Against Fraud?

Your property is probably the most valuable asset you own. That’s why it’s important you do whatever you can to protect it from the risk of fraud.

Property fraud happens in many ways, but typically a fraudster will impersonate a homeowner and forge documents to try to persuade Land Registry to transfer the title into their name. They then either sell the property or use the property to raise a mortgage from a bank – and disappear with the money.

Read more “Is Your Property Protected Against Fraud?” →