What to do if you are a Landlord
If you are a landlord, it is vital to make sure you maximise your rental income. Rents are not likely to continue to increase massively on-going. Rents are typically linked to wages and net income, and as this is being squeezed so much and with a pending recession on the way, there is already evidence that tenants can ‘only pay so much'.
Many landlords tend to try and skimp and save on keeping their property up to date, but this is usually a false economy. Tenants of today are not looking for somewhere cheap to rent for a short period of time, they are looking for a home to rent for some time to come.
READ MORE to find out how to get the best rental price for your property.
Tuesday, 6 December 2011
Monday, 5 December 2011
What to do if you are a Tenant
What to do if you are a Tenant
If you are tenant, you really need to make sure you are ‘first choice' for landlords. To do this you should be ready to pass referencing and credit checks a landlord or letting agent will require to let the property to you. This means getting letters back quickly from employers to confirm your employment and salary, making sure any credit checks don't highlight any financial problems in the past, and securing a letter of recommendation from your previous landlord if you have one.
Once you have passed the referencing stage, it is vital to have a deposit ready to be paid over to the landlord or letting agent as soon as they confirm you can have the property.
READ ON to find out about how to avoid ROGUE LANDLORDS!
If you are tenant, you really need to make sure you are ‘first choice' for landlords. To do this you should be ready to pass referencing and credit checks a landlord or letting agent will require to let the property to you. This means getting letters back quickly from employers to confirm your employment and salary, making sure any credit checks don't highlight any financial problems in the past, and securing a letter of recommendation from your previous landlord if you have one.
Once you have passed the referencing stage, it is vital to have a deposit ready to be paid over to the landlord or letting agent as soon as they confirm you can have the property.
READ ON to find out about how to avoid ROGUE LANDLORDS!
Friday, 2 December 2011
What's Happening to Rents Winter 2011?
What's Happening to Rents Winter 2011?
The media has been full of news about dramatic rent rises since the summer of 2011, unfortunately this information though is misleading to both tenants and landlords.
The media has been full of news about dramatic rent rises since the summer of 2011, unfortunately this information though is misleading to both tenants and landlords.
Thursday, 1 December 2011
Will the New Build Indemnity Scheme Work?
Will the New Build Indemnity Scheme Work?
For this scheme to work, the lenders will need to be offering better deals than the existing deals 5-6% rates for 95% deals. This initiative can easily be measured over the coming months by two methods.
READ MORE to find out how the initiative can be measured and whether it will work!
For this scheme to work, the lenders will need to be offering better deals than the existing deals 5-6% rates for 95% deals. This initiative can easily be measured over the coming months by two methods.
READ MORE to find out how the initiative can be measured and whether it will work!
Wednesday, 30 November 2011
Summary of the Government's new Housing Strategy Initiatives
Summary of the Government's new Housing Strategy Initiatives
On 21st November 2011 the Coalition government published its new housing strategy:- Laying the Foundations: a housing strategy for England.
So what new initiatives does the new strategy offer that will meet their claims?
READ THE SUMMARY HERE
On 21st November 2011 the Coalition government published its new housing strategy:- Laying the Foundations: a housing strategy for England.
So what new initiatives does the new strategy offer that will meet their claims?
READ THE SUMMARY HERE
Tuesday, 29 November 2011
What's the Latest News on New Builds?
What's the Latest News on New Builds?
With the government just setting out its latest housing strategy, NHBC's figures on new builds show the number of homes registered in the public sector was just 1,887 in October this year, 17 per cent lower than September (2,266) and compared with October 2010, there has been a 41 per cent drop.
Although year to date figures are up, the latest October figures suggest that although the new coalition government are trying to build more homes, to date, their policy of scrapping housing targets and shaving £4 billion off the house building budget the reverse has happened.
READ the lastest on New Builds
With the government just setting out its latest housing strategy, NHBC's figures on new builds show the number of homes registered in the public sector was just 1,887 in October this year, 17 per cent lower than September (2,266) and compared with October 2010, there has been a 41 per cent drop.
Although year to date figures are up, the latest October figures suggest that although the new coalition government are trying to build more homes, to date, their policy of scrapping housing targets and shaving £4 billion off the house building budget the reverse has happened.
READ the lastest on New Builds
Monday, 21 November 2011
How will the Eurozone crisis affect the Market?
The Eurozone Crisis
There are some predictions that the current Eurozone financial crisis could wipe 10% off property prices in the UK, according to Taylor Wimpey. However, the real answer to how the crisis will affect you comes down to what problems the Eurozone will cause the UK.
The result of a continued Eurozone crisis is twofold for the UK. Firstly, should countries such as Greece and Italy ‘default' then this is likely to cause another credit crunch. The impact this will have is mainly on the provision of lending, as happened in 2007/8 when many mortgages were pulled and stringent criteria such as needing a 40% deposit to buy a home or have as equity to access reasonable mortgage deals. So a continuing crisis in the Eurozone is likely to make it tougher to secure mortgage lending, especially for the likes of first time buyers who have smaller deposits.
FULL ARTICLE CONTINUES HERE
There are some predictions that the current Eurozone financial crisis could wipe 10% off property prices in the UK, according to Taylor Wimpey. However, the real answer to how the crisis will affect you comes down to what problems the Eurozone will cause the UK.
The result of a continued Eurozone crisis is twofold for the UK. Firstly, should countries such as Greece and Italy ‘default' then this is likely to cause another credit crunch. The impact this will have is mainly on the provision of lending, as happened in 2007/8 when many mortgages were pulled and stringent criteria such as needing a 40% deposit to buy a home or have as equity to access reasonable mortgage deals. So a continuing crisis in the Eurozone is likely to make it tougher to secure mortgage lending, especially for the likes of first time buyers who have smaller deposits.
FULL ARTICLE CONTINUES HERE
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