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Case Study: how to present your student property – Cardiff, CF24

What we liked about the property… It is situated in the prime student area of Cathays, close to the main university campus and Cathays rail station. This property will always be in demand from students making it a fantastic investment. The property is well furnished unlike many student properties, ensuring it will be let quickly and will achieve top rent. The house is licensed by... Read more

Posted by Simon @ Upad on January 13th, 2012 in Buy-to-let, Finding Tenants, Property Advertising, Property Investment, Property of the Week, Property Rental, Rental Advertising, Tips for New Landlords

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Money

Rents set to stabilise in 2012

Rents in the UK are set to stabilise in 2012, according to the Belvoir rental index. The index suggests that rents will rise in line with inflation and salary increases in 2012. This marks a change from the previous couple of years which have seen rents persistently rise. However, as always with these national surveys there are regional fluctuations, with London and the Home Counties set to... Read more

Posted by Simon @ Upad on January 6th, 2012 in Buy-to-let, Property Market, Property Rental

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At last good news, property repossessions remain low

The level of property repossession in Britain has held steady in the third quarter of 2011. 9200 properties were repossessed, compared to 9100 in Q2, according to the Council of Mortgage Lenders (CML). In total, over the course of 2011, 27500 properties have been repossessed and that's down on 2010. The CML predicts there will be fewer repossession in 2011 than last year. Considering the... Read more

Posted by Dan @ Upad on November 11th, 2011 in Buy-to-let, Mortgages, Rent Arrears

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Millions may never be able to own their own home

The increasingly depressing state of the housing market has been brought to the fore, with the news that millions may never be able to own their own home. The Council of Mortgage Lenders Director General Paul Smee said, that many will rent for longer than they first envisaged. Deputy Governor of the Bank of England Charlie Bean explains that as mortgage deals require higher deposits, they... Read more

Posted by Simon @ Upad on November 4th, 2011 in Buy-to-let, Property Market, Property Rental

Money

Rent arrears are rocketing: are you ready?

There's plenty of evidence around that rent arrears are on the increase, but what's more troubling is that we have a feeling that the current economic climate things can only get worse. The National Debtline, a charity dedicated to helping people with money worries, says that enquiries related to rent arrears have rocketed by 84% in the past four years. This certainly tallies with other evidence... Read more

Posted by Dan @ Upad on October 14th, 2011 in Buy-to-let, Evicting Tenants, Rent Arrears, Tips for New Landlords, Upad

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Councils could charge £500 for Landlord Registration

Private landlords who rent out property in the London Borough of Newham could face compulsory registration at a cost of £500. A 10 week consultation is already under way on proposals that would see landlords proving that they are “fit and proper persons” to be landlords, and possibly having to undertake a Criminal Record Bureau (CRB) check. A trial of the scheme has already been piloted over... Read more

Posted by Dan @ Upad on October 6th, 2011 in Buy-to-let, Landlord Legislation, Tips for New Landlords

Upward Graph

Rents rise but rent arrears rise much faster

The latest research from LSL shows that rents rose in August by 1.2% but so did the number of tenants with rental arrears owed to landlords. The increase in rental arrears, and the total amount of money owed to landlords is staggering. LSL estimate that 10.7% of all rent was late or unpaid in the month of August 2011. The total amount of unpaid rent in August was an estimated £300m, up... Read more

Posted by Dan @ Upad on September 28th, 2011 in Buy-to-let, Property Rental, Rent Arrears

Happy families

Family homes attract Buy to Let landlords

Buy to Let landlords are increasingly looking to family homes as a solid investment. The latest numbers from BTL mortgage people Paragon shows a significant increase in landlords looking to families as tenants This shouldn't be a surprise. With the changes to Housing Benefit and Local Housing Allowance (LHA) already starting to filter through the private residential sector (PRS), we expect... Read more

Posted by Dan @ Upad on September 13th, 2011 in Buy-to-let, Property Market, Property Rental

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Riding the storm with Buy to Let

Following recent turmoil on global financial markets and talk of a double-dip recession, getting an attractive yield for investments can be challenging. But, amid all this depressing news, there is one shining star – the buy to let market. In this time of uncertainty, landlords are putting their faith in bricks and mortar and seeking new acquisitions to expand their portfolios. According... Read more

Posted by Dan @ Upad on September 5th, 2011 in Buy-to-let, Property Rental

Homeless Man

Are Buy to Let landlords to blame for Britain’s housing crisis?

An article in The Daily Telegraph this week focussed on the causes of Britain's acute housing problems. The article by Ed Howker, associate editor of 'The Spectator’ and co-author of 'Jilted Generation: How Britain Has Bankrupted its Youth', cited Buy to Let landlords as part of the problem. The article entitled “Britain has too few homes for sale” claims that one of the major reasons... Read more

Posted by Dan @ Upad on September 2nd, 2011 in Buy-to-let, Landlord Legislation, Landlord Tax

Pimlico Pad

Buy to let, it’s the second property that’s the hardest.

How did you become a landlord? Everyone landlord has their own tale. Most people don't plan it, but rather a whole new career just creeps up on them. People become "accidental landlords" because, often, it just makes sense and there isn't another viable option. It happens that they just can't sell a property but need to generate some income. In other cases an inheritance or lifechange means that... Read more

Posted by Dan @ Upad on August 18th, 2011 in Buy-to-let, Property Rental, Tips for New Landlords

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Building a Home

Landlords set to expand property portfolios

For the first time in two years, landlords have said they will increase their property portfolios within the next year. Optimism is back amongst buy-to-letters as the market continues to strengthen. Almost a quarter of landlords are feeling more optimistic about their properties, and by next year the average landlord is expected to have 13 residential properties in their portfolio. Rental... Read more

Posted by Simon @ Upad on August 12th, 2011 in Buy-to-let, Property Rental

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Buy to Let is harder than it looks

Is it silly season already? There have been a glut of articles in the press recently talking up the opportunities of Buy to Let. There is some news here. A chunk of mortgage lending is going to BTL and lenders like Natwest have been promoting some very attractive deals. House prices in most areas are falling this year and national rent levels are growing steadily. It would be hard to imagine... Read more

Posted by Dan @ Upad on August 5th, 2011 in Buy-to-let, Finding Tenants, Property Rental, Tips for New Landlords

Crazy hill of San Francisco

Buy to Let key to mortgage lending rise

  In June, there was a significant rise in mortgage lending according to the Council of Mortgage Lenders (CML). Gross mortgage lending rose by 16% on May 2011 but was still 3% lower than June 2010. It’s expected that mortgage lending will grow modestly year on year in 2011. Pundits have noted that among the reasons for the increase are existing borrowers fixing deals in anticipation of... Read more

Posted by Dan @ Upad on July 21st, 2011 in Buy-to-let, Mortgages, Property Market

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MP slams “amateur” landlords and calls for regulation

A Labour MP has condemned "amateur" landlords and called for greater regulation of private residential landlords in the House of Commons. Phil Wilson, Member of Parliament for Sedgefield introduced his Private Landlords (Register and Duties) Bill on Tuesday, but it is unlikely to become law due to a lack of parliamentary time. The bill calls for a register of private landlords and a... Read more

Posted by Dan @ Upad on June 23rd, 2011 in Buy-to-let, Landlord Legislation, Tips for New Landlords

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