Many home owners in the UK are still searching for a property in an idyllic green setting, according to new research. The average sale price for a detached house within a National Park or Area of Outstanding Natural Beauty (AONBs) is £450,000, analysis from Savills has revealed. On the other hand, the value of a … Continue reading “National Park properties still command a price premium”
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. … Continue reading “Five pitfalls to avoid as a buy to let landlord”
Managing tenants can be difficult to get right, particularly if you are a first time landlord. Here are our top tips for managing your tenants competently.
Buying your first buy to let (BTL) property can be daunting with so many different factors to consider while searching for the perfect investment opportunity. Here are our top tips to help make it easier!
A tenant check out should always be carried out professionally, regardless of your relationship with the tenant. This is the best time to evaluate the state of the property and to work out how much of the deposit should be kept in order to account for any damages and the subsequent repairs. Here are our … Continue reading “Top tips for a smooth tenant check out!”
Sometimes tenants leave behind possessions at the end of a tenancy, or when they abandon the premises. As a landlord, this can put you in a difficult position, whilst the temptation might be to get rid of all items instantly, tenants may later claim that they are irreplaceable or were of high sentimental value, so … Continue reading “How to deal with items left behind at the end of a tenancy”
Stamp duty It is important to remember that the stamp duty system was reformed in December last year to make it more similar to the way income tax works. Under the new system, rather than paying a percentage of the total property price, you will pay different rates for different bands. For example, you won’t … Continue reading “Landlords – watch out for these buy-to-let tax traps!”
Cases of reported fraud increased by over 25% last year with men in their mid-40s most vulnerable, according to the UK’s fraud prevention service. A total of 276,933 frauds were recorded last year – that’s 758 frauds every day or 31 every hour. This figure is up from 221,075 in 2013, with 23% of fraud … Continue reading “Landlords warned to protect themselves as cases of fraud up by 25%”