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The Importance of Regular Mid-term Inspections
Ensuring minor issues don’t escalate into major problems is an exercise that never fails to save landlords time and money. It’s precisely why the mid-term inspection is such a vital tool. Here’s the lowdown on mid-term inspections, why as a landlord you should be investing in them, how often you should be doing them, and what’s involved.
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Buy to Let Landlords: How to Deal With a Short Lease Property
Are you looking for a leasehold property to buy to let? If so, you may have considered buying a property with a short lease. But is short lease property for sale actually worth the risk? What are the main considerations? Is it possible to obtain finance, and what exactly is a short lease anyway? Join us as we explore the pros and cons of buying a short lease property.
How to Make a Successful Tenancy Deposit Scheme Claim
Of the 29,697 tenancy deposit scheme cases that came to dispute in 2020/21, 75 per cent were initiated by the tenant. Comparing this to just 17 per cent having been initiated by a letting agent, and 8 per cent by a landlord, it’s clear to see that it’s important for landlords to be prepared and aware of best practices should they find themselves in a deposit protection scheme dispute.
The Ultimate Guide to Guaranteed Rent for Landlords: Maximising Security and Profitability
Discover the essentials of guaranteed rent for landlords in our concise guide. Learn about its advantages, risks, and financial impacts to enhance your rental property strategy.
Croydon: The Best Value Borough for Property Investment in 2024
Croydon’s excellent connectivity and transportation infrastructure significantly bolster its attractiveness as a prime location for property investment in 2024.
The borough’s strategic position, offering a mere 15-minute journey to central London and Gatwick Airport, adds immense value to its real estate market.
Furthermore, the comprehensive local tram and rail network in Croydon enhances the ease of movement within the area, making it an even more desirable destination for investors.
UK Housing Market 2024: Predicted Growth and Key Economic Factors
The UK housing market is set to rebound in 2024, with a projected 5% rise in house prices, buoyed by declining mortgage rates and potential Bank of England interest rate cuts.
Improved economic conditions and housing affordability are expected to stimulate market growth, despite previous predictions of a downturn.
Stability in the economy, especially in employment, will further support the housing market, maintaining property values and reducing the likelihood of forced sales.
The Surprising Stability of UK House Prices in 2023
In 2023, house prices defied expectations by showing remarkable resilience, contrary to predictions of a crash. Key factors like a strong labor market and responsible lending policies played a significant role in maintaining market stability. The housing market’s robust performance indicates a low likelihood of a crash in 2024, mirroring the trends observed this year.
Navigating Tenant Rights in the Face of Rent Increases
In the current rental market, tenants face rising costs due to inflation (higher landlords costs) and high demand, with specific legal protections depending on their tenancy type. Tenants can negotiate with landlords or legally challenge unjust rent increases, particularly through tribunals that assess the fairness of the proposed rent in relation to local market rates. Understanding their rights and the specifics of their rental agreements is key for tenants to navigate these increases effectively.
The Shift in the UK Buy-to-Let Market: Navigating Landlords’ Sales Surge and Rising Rents
The UK real estate landscape is witnessing a significant transformation, particularly evident in the buy-to-let sector. The recent trend of landlords divesting their properties is reshaping the rental market across Great Britain, with a notable impact in Scotland.
This article delves into the multifaceted reasons behind this shift, the consequent effects on the housing market, and the future outlook for investors and tenants alike.
EPC Revisions: Unravelling Implications for Homeowners and Landlords
The Aftermath of EPC Shifts in Property Market
The recent modification in energy efficiency standards by Rishi Sunak may lead the property sector to uncharted waters unless a clearer perspective emerges. Buy-To-Let landlords, who own multiple properties find themselves at a crossroads due to these changes.
