Letting Agencies on the rise

More Landlords Preferring Letting Agencies

In just under six months, more UK landlords are opting to contract Letting Agencies to manage their properties. An association claims that from its latest survey of property investors, 61% of the landlords are using Letting Agencies to look after their properties which is 7% higher than the end of 2016. The association is very surprised at the rise as over the past few years the proportion of landlords has…

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For Rent sign is Buy To Let Investment

Buy To Let Investment Is Still Lucrative

The Buy To Let Investment market has for a long period yielded high mega double-digit returns for all investors, and has consistently proven to beat all major asset classes in the last five years. New research highlights the need for the sector’s investors to make changes within their strategy, because of the anti-landlord stance taken by the government with its new measures that started last year. The CEBR (Centre for…

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Coin stacks for landlords

Dangers of landlords using risky online sites

New research shows that thousands of landlords are using what are described as “risky online sites” in their bid to avoid letting agency fees. A survey of 2,000 landlords by LetBritain – itself an online agency – claims 37 per cent do not feel the UK rental market is fit for purpose, with 23 per cent claiming to lose “thousands in rental income” because of voids when existing letting agencies…

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Agency Express logo in the Lettings market

Lettings market enjoys robust boost

There has been a ‘robust’ improvement in the lettings market according to board company Agency Express. It says its nationwide data on To Let and Let properties during May show 15.8 per cent and 13.8 per cent increases respectively in May. Eleven of the 12 regions recorded by the company reported increases in both new listings To Let and properties Let. This month’s top performing region was the South East…

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Holiday homes give higher yields than BTL

Brexit means holiday homes give higher yields than BTL

The weakness of the pound since Britain’s decision to quit the European Union a year ago means that holiday homes are now generating double the annual income of residential buy to let units, a vacation investment firm claims. Second Estates says the UK’s short-term holiday homes let market is experiencing a boom, with average income per booking up 6.4 per cent in the first four months of 2017. It claims…

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Uncertain times Central Housing Group

Safe as houses in uncertain times

American investor Howard Marks once said about investing in uncertain times, “move forward, but with caution”. The past 18 months or so would definitely be regarded as a period of uncertainties and surprises. From Brexit and Trump to the surprise outcome of the recent UK general election, there is a high level of uncertain times in markets across the globe, and yet UK property remains a safe haven for investors,…

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Landlords House price central housing group / Property is best investment you can make

Property is best investment you can make

If you want to build your wealth in the short-term, the easiest way to do so is by saving more money but property is best investment you can make! If you want to build your wealth over a number of years, many investors argue that you should invest in property, with plenty of evidence available to show that this rather low-risk investment pays off over the long-term. New analysis by…

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Client Money Protection / house price increases since the end of the 2009 recession

House price increases since 2009 recession?

Eight years of quantitative easing (QE) and record low interest rates is estimated to have cost savers more than £160bn, but supported strong house price increases as well as stocks and bonds. Analysis by online estate agents HouseSimple.com suggests that average UK home prices have increased by more than 40%, which equates to almost £60,000 since 2009, when interest rates were cut to an historic low of just 0.5%. It is now…

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Landlords and letting agents face jail / Right to Rent could impact British citizens without passports

Right to Rent could impact some UK citizens

The right to rent could impact British citizens without passports, meaning almost a fifth of British citizens could find it harder to access rental property, according to the Residential Landlords Association (RLA). The industry trade body reports that 44% of over 900 landlords it surveyed said they are less likely to let homes to tenants without a British passport. This means that for the 17% of British people who don’t…

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A fit for human habitation amendment may be made following the Grenfell Tower fire - Central Housing Group

Fit for human habitation amendment reconsidered

A proposed fit for human habitation amendment may be made to the government’s Housing and Planning Bill – which suggests landlords are required to make homes “fit for human habitation” – may be reconsidered following the fire at 27-storey residential block Grenfell Tower this week. The fit for human habitation amendment was tabled by the Labour Party last year, but was defeated by MPs following a vote of 312 to…

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Rents fall in London Micro Home Central Housing Group. Forecast - private renters to increase by 2021.

Private renters to increase by 2021

The proportion of households living in the Private Rented Sector (PRS) will rise to 24% over the next four years, according to new research. Knight Frank’s Multihousing Report suggests some 5.79 million households will be private renters by the end of 2021. A significant survey of over 10,000 tenants reveals that the majority (68%) expect to still be living in the PRS in three years’ time. What’s more, the young…

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Brent Council are close to finalising a borough-wide licensing regime - Central Housing Group

Council close to borough-wide licensing regime

A London council is edging closer to a borough-wide licensing regime, meaning the vast majority of landlords could soon be required to licence their properties in one London borough if the government agrees rule changes proposed by the council. The ruling councillors in Brent have voted to extend the licensing of private rented properties and has agreed to seek confirmation from the government as soon as possible. All landlords will…

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Landlords and agents warned about rent guarantee insurance - Central Housing Group

Rent guarantee insurance warning

A specialist insurance provider has reminded landlords and letting agents of the pitfalls associated with rent guarantee insurance. Cover4LetProperty suggests that squeezed profits and legislative changes have encouraged more landlords to consider rent guarantee insurance to protect themselves against arrears. One of the firm’s directors, Richard Burgess, says that many landlords do not realise that they are required to obtain one Credit Agency Reference and at least one satisfactory written…

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Mydeposits boss has questions to answer - Central Housing Group

Dlighted chief accuses Mydeposits boss of “bully tactics”

A prominent lettings industry campaigner says the Mydeposits boss (a tenancy deposit scheme) has “serious questions to answer” after his comments on renting reform. Mydeposits chief executive Eddie Hooker last month issued a 14-page report arguing in favour of the long-established tenancy deposit schemes and doubting the effectiveness of ‘deposit alternatives’ put forward by some in the industry. Now Ajay Jagota, founder of deposit-free renting product Dlighted, has fought back…

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Landlords and agents warned about rent guarantee insurance - Central Housing Group

Rent guarantee insurance warning

A specialist insurance provider has reminded landlords and letting agents of the pitfalls associated with rent guarantee insurance. Cover4LetProperty suggests that squeezed profits and legislative changes have encouraged more landlords to consider rent guarantee insurance to protect themselves against arrears. One of the firm’s directors, Richard Burgess, says that many landlords do not realise that they are required to obtain one Credit Agency Reference and at least one satisfactory written…

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buy to let taxes klcked in at the end of last year - Central Housing Group

Landlords using agents due to buy to let taxes

The proportion of landlords who use a letting agent to help manage their property has spiked since the end of last year, possibly due to buy to let taxes kicking in. A survey of 754 landlords conducted by the National Landlords’ Association shows that 61 per cent currently use a letting agent – a rise of seven per cent since the final quarter of 2016. The sudden rise represents a break…

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Conservatives

Tory peer attacks his party over anti-rental sector policies

Conservative peer Lord Flight, a former shadow Chief Secretary to the Treasury, says the UK needs “a vibrant and growing private rental market” if Tory objectives are to be met should the party win the General Election. Lord Flight, a long-standing supporter of the rental sector and a critic in the past of Conservative government policy failing to back landlords, says on the Conservative Home political website: “In its housing…

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Managing rent arrears - Residential Landlords Association logo

Managing Rent Arrears – 5 top tips!

  Managing rent arrears can be both stressful and time consuming. The RLA’s Landlord Finance, Investment and Tax Report 2016 found that 28% of landlords have experienced rent arrears in the past 12 months. Once a tenant falls into arrears it immediately impacts on a business. Landlords have mortgage payments to make, insurance premiums to pay and maintenance costs to cover all of which are heavily reliant on the income from rent.…

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Top 10 best places to invest - Central Housing Group

10 best places to invest in BTL

Landlords seeking the highest buy-to-let yields in England and Wales may wish to consider buying property in the North East, where the best returns of any area are currently achievable, according to new research which shows the top 10 best places to invest in BTL propeties. It is not clear how the research rated areas and whether it is based on house prices or yields, or both, but here are the…

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Avoid a HMRC tax investigation - Central Housing Group

How to avoid a tax investigation by HMRC

As I have mentioned many times, Nick and I were subject to an HMRC tax investigation audit several years ago which lasted around 18 months. The tax investigation was a very stressful experience, but we were supported by our accountant, who made the process much more bearable for us. After 18 months of grilling and providing endless documentary evidence, nothing came of it, and it was closed with the acceptance that…

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