Showing posts with label Landlord Insurance. Show all posts

Five pitfalls to avoid as a buy to let landlord

With property prices rising and more and more people renting than in previous generations, buy to let can seem like an easy way to make money! However, it is not as simple as that, and there is a great deal to think about when letting a property. Here are the five pitfalls to avoid: 1. Being unaware of tax If your total income for the tax year as a landlord is above the personal allowance threshold of £10,600, you will …

What should you expect from the buy to let market in 2015?

Landlord Insurance

Falling rent arrears and rising rent prices at the tail end of 2014 mean that landlords are heading into 2015 feeling largely optimistic, but what should they expect from the market in the year ahead?   Investment Many experts predict that the changes in pension regulation could lead to a buy to let boom, with 32% of people aged 45 to 64 with a pension considering using it to purchase an investment property, according to a recent survey. 43% of …

Simple steps you can take to attract tenants to your property

If you rent out your property, one of the most advantageous things that you can do is to ensure that you have high quality tenants. When you have good tenants you can relax knowing that they will pay your rent on time, keep your property in good condition and act responsibly. However, the effects of a bad tenant can be serious – they can massively damage your property, ruin your reputation in the neighbourhood, fail to pay rent which can …

What are tenants looking for in the perfect rental?

If you are a landlord, it is very helpful to get into the mind of your potential tenants and understand what they are looking for in a rental property. What are their priorities and what kind of features are most important to them? According to surveys, such as those conducted by rental company Finders Keepers and Savills UK, there are a number of very important factors that are a high priority for tenants. Here are some of the crucial details …

How to Get Your Property Ready for Summer

Now that the spring is in the air, it is time for landlords to start thinking about preparing their properties for the summer season. Having an attractive garden and exterior to your property will help you when renting out the home, as it will make it more attractive to potential tenants. Curb appeal can make a big difference when it comes to a first impression on your property, so make sure that you take the time to create a beautiful …

How the internet has changed the process of buying Landlord Insurance

The internet has made a huge change to the landlord industry in a lot of ways, changing the ways that landlords communicate with tenants, advertise listings, buy property and much more. The entire experience of being a landlord is a lot different, thanks to the technology and means of communication that we have in our lives. One of the main ways that the internet has changed the landlord industry is the way that it has transformed the process of buying …

Lack of housing pushing up UK house prices

In the last three months of 2013 up to January 2014, house prices in the UK were 1.9% higher than in the previous three months – according to figures recently released by Halifax. Experts believe that this increase in house prices is because of the lack of supply currently coming onto the market. It is thought that having fewer homes on the market will add upward pressures on the prices. The house prices increased by a total of 1.1% in …

What landlords should know about tenants running a business from their property

People working from home is becoming more and more common these days, with advances in technology and the abundance of jobs in the online sector. The current estimate is that one in four people carry out at least some of their regular work from home. Most of these people in the UK work from their personal computer in their own residence, or run their own business from their home. However, what does this mean for landlords who rent out their property to …

Landlords looking to expand portfolios in the year ahead

Nearly a quarter of landlords are looking to buy more properties in the year ahead, after rising rents and falling rent arrears over the past 12 months. New research conducted by online letting agent Makeurmove.co.uk shows that the vast majority of landlords experienced good rental yields in 2013 with 59% achieving between 4 and 8%, while 25% achieved a yield of 8% or more last year. Almost 60% of landlords expect to see property values continuing to increase in 2014, …