Landlords Embrace Second Charge Borrowing as HMO Appeal Intensifies

  The past couple of years have been somewhat unkind to buy-to-let landlords, bringing a raft of stricter underwriting standards and significant tax changes into the equation. Just as the changes have resulted in many buy-to-let being driven out of business, thousands more are being forced to rethink their strategies and portfolios. One specific area that seems to have become a key consideration for landlords up and down the country is the conversion of properties into houses in multiple occupation (HMO). In the simplest of terms, this is where a standard dwelling is converted in a manner whereby it enables multiple tenants to reside within the same property who are not part of the same group or family. As a means by which to deal with tax increases and make improvements to rental income, HMO is proving to be an effective and appealing option for a growing number of buy-to-let...
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Student Founded Firm Joins Britains Fastest- Growing Businesses

Sir Richard Branson of Virgin, the title sponsor for all 17 years, commented on this year’s results: “There has never been a better time to grow a business in the UK, as this year’s Fast Track 100 list proves. The pick-up in confidence and the speed at which technology is changing markets means there are plenty of opportunities for innovative businesses with entrepreneurial spirit and great ideas to thrive. The Fast Track 100 companies continue to exceed expectations – let’s hope they act as a spur to the next generation of aspiring entrepreneurs.”
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5 Ways to Make a Rental Feel Like Home

If you live in a rental, it is easy to feel like it’s not really your home. But unless you really do plan on moving out in two months, then it is well worth investing a little time and a little money into making it feel like it is. Here are our tips for making your rental look like it belongs to someone. Clean If you can, clean everything before you start unpacking or get settled. A good, deep clean will work wonders. Whether you hire professionals to give your new place a deep clean or you tackle it yourself, a nice clean apartment or house will make you feel like it’s a clean slate and a fresh start. Make sure that your carpets or hard floors are cleaned really well, and your walls are given a wipe over too (if they aren’t wallpaper). Paint! While you might instantly think...
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New report finds that students make the best tenants

As a landlord or letting agent, there are many factors to consider when renting a property, including finding your ideal tenants. On first glance students may not be your first choice, but new findings by utilities and service provider for students, Glide, and Accommodation for Students, found that students are in fact the most desirable tenants.
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The Seven Massive Mistakes Costing Most People Thousands of Pounds in Lost Property Profits

This series of articles has been written by Nikki Pope, Property Investor, Lawyer, Educator. Nikki is running one of her fantastic seminars this Saturday in London.   How to Buy £1.5 Million Property for NO MONEY DOWN! Saturday, January 18, 2014 from 9:30 AM to 4:30 PM So you can hear right from the horses mouth!  Click here to register.  In the meantime enjoy the first of the seven massive mistakes.  Weve all heard about location, location, location when it comes to buying property but what about strategy, strategy, strategy? Property is an excellent way of generating real wealth - but it is a big slow boat and expensive to turn around. Get it right & the numbers are big. The prospects for property profits are excellent. Get it wrong and the numbers are big and in a stagnating or falling housing market it can be very difficult to move on from...
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In which city are you likely to get the most for your money?

  Investing in a property is a huge step and it is only made more difficult by the uncertainty in the housing market caused by the recession. The UK property market has been steadily recovering leading to an increase in the asking price of many homes for sale. In order to get the most for your money, we take a look at the regional differences in property prices to see which cities have the most to offer when it comes to investing in property. The Least Affordable Places in the UK London house prices are shooting up due to international demand. In fact, the ten worst places to buy a home are situated in London meaning that many are choosing to buy property in other UK areas and commute to work. Salisbury, Brighton, St Albans, Exeter and Bath were among the cities names as being some of the worst places...
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HMO’s... (House of multiple occupancy ) 5 ways to make managing them, stress free.

HMO’s can provide the savvy investor greater cash flow returns than single let properties, however many investors are put off using HMOs to expand their portfolio because they view them as being a hassle and less consistently full.    The key to successful investing in HMO’s is all down to experience. It is worthwhile paying an experienced property management company the management fee, unless you are willing to put the effort in and be proactive all the way.  Young people are still finding it extremely difficult to find the deposit to purchase their own property; they are also struggling to pay the increasing rents which Landlords are demanding for self contained properties. This situation has strengthened the case for HMO’s making excellent investments. However choosing the correct property in the right area with an excellent management company is key to the success of your investment. So where does one start?  1....
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New HMO Workshop - November 24th, London

Have you ever wanted to truly become a successful property investor and actually make money every month? If so, theres only really one way to make £350, £400, £500 or even £1,000 actual net profit every month into your bank account. The answer is Houses of Multiple Occupation - or houseshares or hmos or multi-lets.

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Broadband and property investors

In the context of the current availability of affordable housing, being the owner of property that is let can bring with it the benefit of a good return on a financial investment. This is most likely to be the case, of course, if tenants look after the property properly and pay the rent on time; if necessary repairs and maintenance are minimal; and if the property owner complies with the appropriate regulations governing letting in the residential and commercial sectors. Regulations for letting property A considerable number of regulations pertain to property that is let, such as the directives of The Housing Act governing Houses in Multiple Occupation (HMOs), which details the standards of amenities to be provided. In general, implementation is fairly straightforward and regulations relate to ensuring tenants have healthy, safe living conditions. They cover, for example, satisfactory fixtures and fittings in kitchens and bathrooms and also provide...
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Landlords urged to get it right this time

Recent reports suggest buy to let investments are once again increasing in popularity as landlords purchased 20% more property last year, tempted back by cheaper house prices and higher rents.
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Great night - Manchester pin!

Yet another fantastic night at Manchester pin last Wednesday night. The room was buzzing with new and regular attendees sharing stories, information and business.
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Spare rooms big business in lettings market

A recent survey by easyroommate, has shown that there are now around 4 applicants fighting for each room on the market to let, an increase of 58% in the last year.
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101 Essential Tips for investing with high cash-flow

I’m always being asked how to make more money from property as this is something I’ve been specialising in, and I decided to give away some of my top tips to help investors do this. I have attached here some of my 101 Essential Tips for investing with high cash-flow, and this section is for use particularly with tenants claiming benefits. It’s not all bad, and if done in the right way then you can make much more money with less tenants.  We also have the opportunity to have some rent direct from the council and most tenants are happy to have the money paid direct to our bank account. The main difference is that it is paid every 2 weeks for job seekers allowance and every 4 weeks for housing benefit, so we’re really flexible and help the tenants to be able to pay the minute they get paid –...
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Adequate Insurance is Key

  A house is one of the biggest purchases you will ever make.  Particularly if you are a property investor as you may have many properties within your portfolio.  It is important to make sure you have the relevant cover for all of your properties. Its so easy to overlook the importance of having the right insurance cover.  You need to have buy to let insurance rather than a basic household policy.  If you have a basic policy you will probably not be insured adequately.  This is really taking an unnecessary risk. Landlords Insurance Landlords or Buy-to-Let insurance is quite different from a standard home insurance policy in lots of ways. One key element of cover is the unoccupied property limitations. On a standard home insurance policy this is 30 days. So if you leave your home unoccupied for longer than this, your insurer can refuse to handle a claim. Some companies...
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Are you looking for Property Investing Perfection?

What are you investing in at the moment? The answer doesn’t need to be a type of property, a method, or even an area, it’s more likely these days to be a cash-flow return. If you’re looking at a deal how are you deciding whether to invest or not? Do you check the location? Perhaps you want to invest close to home! Do you check the possibility for Capital Growth? – Perhaps not for the short-term but for the next 10-20 years. Do you divide your cashpot and diversify to make sure you’ve covered all eventualities? Do you look for cash-flow to give you financial freedom, or to give you a few more luxuries in life? OR are you looking for the deal that ticks all 4 boxes? Investing through others What is going to persuade you to part with your hard earned cash? Rather than thinking of the return...
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Manchester pin Meeting

Last weeks Manchester pin meeting was again an evening full of information, learnings and opportunity. With a great mix of new and experienced investors, as well as a variety of service providers everyone was able to benefit.
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Landlord Action sends warning to negligent landlords

Landlord Action, an organisation specialising in tenant eviction, is warning landlords that they too need to ‘play by the book’ for a hassle-free tenant eviction.  Founder Paul Shamplina, says despite being unaware of the state of a property at point of instruction or other deciding factors which may have led to the landlord/tenant relationship breakdown, he is all too aware that there are two sides to every story and that errors made by landlords who try to cut corners are one of the most common reasons for delaying proceedings. Attending to maintenance issues is a landlord’s obligation, regardless of whether the tenant is withholding rent.  Ignoring such issues can cause greater problems further down the line as one landlord from London, who sought the help of Landlord Action to deal with a rental arrears case, recently found out.  Describing the case, Paul Shamplina says “This particular landlord had rented out...
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Budget 2011 predictions regarding Capital Allowances

Thanks to Arthur Kemp, HMO Tax for these predictions on the budget tomorrow.
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Limited Spaces Left At the Last Two HMO Investor Days This Quarter

Matthew Moody has 2 HMO Investor Days this quarter. Hemel Hempstead and Leeds. Limited spaces available.
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Become Financially Free in 2011 through HMO Property Investment

If you want to leave your job, improve your cashflow or just be comfortable knowing that every month you’ll be making a ton more money than ANY other property strategy out there, then follow my simple plan and start making money the smart way. 1)      Determine how much money you need to cover all of your living expenses and any other luxuries you must have! 2)      Divide this number by £500 as this is the gross cashflow amount you will make per month per house.  Rather than worrying about how many £50 cashflow properties you can get – focus on the big numbers.  Add another £500 to this figure for voids/maintenance and you have your target number of properties. 3)      Search www.spareroom.com for people looking for rooms in your area (I’d suggest 30-40 people minimum) and the rent they are willing to pay.  Post your own test advert with doubles...
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