Property Redress Scheme says redress for landlords should also include Rent to Rent firms

Earlier last month the Conservatives announced that all buy-to-let (BTL) landlords will be forced to register with a redress scheme, as is already compulsory for all letting and estate agents.  The Property Redress Scheme (PRS) says an introduction of this kind should also be extended to include Rent to Rent (R2R) firms.Rent to Rent companies operate by taking on a property from a landlord and in return offering them guaranteed fixed-rent for a set period of time. The landlord then gives consent to the R2R operator to let and manage the property, usually on a room by room basis, to other tenants, acting as a ‘middleman’ between the landlord and tenants living in the property.  Rent to Rent is most commonly on used in Houses of Multiple Occupation (HMOs) where ‘the Renter’ makes a profit from the shared accommodation model. However, the ‘Rent to Rent’ model does not fit the...
Continue reading
4984 Hits
0 Comments

Tips on Selling Your Property Quickly

When it comes to selling your home, you may not always have the luxury of time. Life has a habit of disregarding our plans, throwing events and happenings into the mix that we could never have foreseen. Bereavements, unexpected redundancies, failing businesses, and more can all necessitate the need for a quick sale, and they’re not always something that you can handle exactly as you would like. This means that having an action plan in place can prove invaluable when it all feels like it’s starting to fall apart. There are always ways to force the outcome that we require, and in the case of a rapid turnaround, there are lots of tactics that will help you to secure the sale you’re relying on. Here are just a few of them to help you… #1: Price Your Property Realistically One of the most effective ways to secure a quick sale is...
Rate this blog entry:
Continue reading
2060 Hits
0 Comments

Fantastic webinar with Mike Frisby

We hosted a fantastic webinar last night with Mike Frisby.  It was a very busy webinar and we were thrilled that so many of you managed to get on. The webinar (LHA and Rent 2 Rent - made simple) was presented by Mike and he gave out so much useful information.  I was astounded by how much profit Mike and his students were making from using his strategies. It was interesting to hear that the social housing market is worth £22bn in the UK. There has been a large increase in claims over the last 12 months. Mike discussed many of his strategies, including the 2 +2 strategy and the micro studio strategy.  You can make thousands more out of your portfolio using these strategies. One point that Mike made clear is that you need to be educated in these strategies properly before you go ahead.  Its very easy to...
Rate this blog entry:
Continue reading
1597 Hits
0 Comments

How to Make the Most of the Market

Establishing a good buy-to-let portfolio can be arduous and time-consuming. Even when you think you’ve got things right, it can still feel like there isn’t enough time in the day. Unreliable tenants, empty homes, and all sorts of other problems can lead to a real headache. Here are a couple of things you can do to make life easier. Don’t Be Afraid to Ask Questions One of the biggest worries for any landlord is attracting reliable, long-term tenants who will pay their rent on time. While some people may feel uneasy, you should never be afraid of asking too many questions. After all, it’s in your interests to be aware of the potential tenant’s history before handing over the keys. Start by running a credit check to see if they have a history of paying their bills on time and check with their current employer to see if the information...
Rate this blog entry:
Continue reading
868 Hits
0 Comments

Preparing your holiday house for the season - Top tips from The Hideaways Club Concierge, Nicole Remus

Spring is traditionally the time when many holiday homes are opened up and prepared for the coming summer season. Those considering buying a holiday bolthole abroad, should bear in mind there is actually more to it than meets the eye to ensure a home is ‘holiday ready’
Rate this blog entry:
Continue reading
818 Hits
0 Comments

Dutch In House Roller Coaster Shows Off Home For Sale

Can you imagine showing your house to rent via a built in Roller Coaster. An interesting concept and a nice easy way to view a property! Watch the clip here.
Rate this blog entry:
Continue reading
7196 Hits
0 Comments

Mortgage Rate War!

Recently there has been a sudden plunge in mainstream mortgage rates. Due to this lenders have started to offer 10-year fixed rate loans at less than 3% and this has sparked a rate war, which is spreading into buy-to-let. According to a specialist landlord broker, there were more than 800 buy-to-let loans available however this number has increased by more than 100 in the last 3 months. As in the owner-occupier market, borrowers with the biggest deposits fare best, but borrowing costs are falling in nearly every category of landlord.
Rate this blog entry:
Continue reading
4900 Hits
0 Comments

Lifetime variable rate mortgages

We have a lender that we use regularly that will lend to first time landlords and for professional landlords they don’t have a maximum portfolio size, so they are very much open for BTL business.
Rate this blog entry:
Continue reading
1643 Hits
0 Comments

"Court delays costing landlords thousands" says Landlord Action

Landlord Action says under-resourced county courts are exasperated by the number of possession claims being put forward, resulting in costly delays for landlords.  The leading tenant eviction service says it has become such a problem in the last 3 months, that chasing up cases with the courts is now a full-time role for one member of their in-house legal team. The vast majority of residential possession claims are dealt with in the county courts and enforced by county court bailiffs.  However, Government spending cuts, an ever growing number of possession cases (predicted to be up 15% on last year, according to Landlord Action) and the enforcement by some courts that bailiffs must no longer act alone, only in pairs, have combined to create serious delays in the eviction process, according to Julie Herbert, Head of Legal at Landlord Action. “We are forever chasing courts for updates on possession orders, Notice...
Rate this blog entry:
Continue reading
810 Hits
0 Comments

10 Tips For Getting Your Rental Property Ready for Tenants

Would-be first-time buyers have struggled to get a foot on the housing ladder as a result of stricter mortgage criteria, and renting has become the only realistic way of flying the nest for many people in their twenties and thirties.

Rate this blog entry:
Continue reading
777 Hits
0 Comments

Price of property coming to market increased by 2.6%

The price of property coming to market this month has increased by 2.6% (+£6,784) continuing the usual October trend of a substantial uplift in new sellers’ price expectations. While this is the lowest rise at this time of year for six years, sellers may still find that their asking prices are too optimistic in parts of the country where the supply of property exceeds buyer demand.
Rate this blog entry:
Continue reading
8579 Hits
0 Comments

Might NEVER happen again... [Time Sensitive]

Tickets for Rick Ottons highly anticipated upcoming 2014 ZERO DEBT PROPERTY CASH FLOW CONFERENCE are now available! If you want to boost your property portfolio and cash flow using bank free methods- We recommend you check this out:
Rate this blog entry:
Continue reading
848 Hits
0 Comments

Why You Dont Have to Switch From an Oil Heating System

As an energy source, heating with oil gets a lot of bad press: too expensive, dirty and inefficient, not to mention non-renewable. In the past, some of these criticisms may have been true but modern oil heating systems have moved on significantly, and for many retail and commercial properties, there is no other option. So how can you get the best system? Boiler If you’ve got an old boiler, there’s little doubt that you’ll be wasting energy, therefore money. Modern, condensing boilers are highly efficient, with those rated ‘A’ being the best. In addition to fuel efficiency, modern boilers are highly reliable. Whether you need it for heat only or heat and hot water, a new boiler is worth the investment. And don’t be tempted to guess at the size you need. Get a few suppliers to come in, chat to you about your exact requirements and measure the property....
Rate this blog entry:
Continue reading
1228 Hits
0 Comments

London market comes off the boil

  The RICS Residential Market Survey for September 2014 reports a more balanced picture nationally, as the London market comes off the boil. The rental market remains firm due to strong demand and tight supply. The September RICS Residential Market Survey indicates fading, albeit still robust, price momentum at the headline level. This comes on the back of a more balanced demand picture, in part related to less buoyant expectations of future price rises. Crucially however, the supply trend remains more or less flat with no indication of a pick up in new vendor instructions. London Price Balance The London price balance turned slightly negative in September for the first time since the beginning of January 2011, ending the longest continuous period of price growth that the RICS survey has recorded for the capital. Expectations for price growth over the coming three months remain positive with only surveyors in the London market expecting to see...
Rate this blog entry:
Continue reading
8429 Hits
0 Comments

New Property Alert service helping to combat property fraud

More than 12,000 people have signed up to the Land Registrys Property Alert service, six months on from the launch. This is a free service which provides an early warning of any suspicious activity on someone’s property.   More than 12,000 people have signed up to the Land Registrys Property Alert service, six months on from the launch. This is a free service which provides an early warning of any suspicious activity on someone’s property. Alasdair Lewis, director of legal services at the Land Registry, said:     “We introduced Property Alert to help people to protect their most valuable asset – their home. We’re glad that Property Alert has proved so popular. However, there are still many homeowners who are unaware of the risk of property fraud and how to protect themselves so we are asking people to share our advice and video with their friends and family to spread...
Rate this blog entry:
Continue reading
9439 Hits
0 Comments

How to Find Your Perfect Rental Property

How to Find Your Perfect Rental Property

Renting has become the only option for many as house prices soar and it becomes more and more difficult to save a deposit. But that doesn’t mean that you shouldn’t put as much thought into finding a property to rent as you would to buy. Here’s how to find the perfect rental home.

Rate this blog entry:
Continue reading
737 Hits
0 Comments

1st October is D-Day for Letting Agents

So at last the Government has agreed that every letting agent in England and Wales must join an authorised consumer redress scheme to ensure tenants and leaseholders have a straightforward option to hold their agents to account.  The law comes into effect from 1st October 2014. Any agent that fails to join one of the three approved redress schemes, The Property Ombudsmen, Ombudsmen Services or The Property Redress Scheme, will face a fine of up to £5,000 from their local authority and could ultimately be closed down if they continue to breach their legal requirement to join such a scheme. After joining, the agent must comply with the schemes Ombudsman decision as failure to do so may result in the agent being removed from that scheme. This may then result in the agent being unable to join another Government authorised consumer redress scheme. By joining one of the schemes, the property professional confirms they will...
Rate this blog entry:
Continue reading
964 Hits
0 Comments

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...
Rate this blog entry:
Continue reading
818 Hits
0 Comments

Property Prices in the UK Accelerated in August

The UK’s property market has been on a bull run for the last few years. It has transformed from a doldrum of economic ruin to an engine of the UK’s economy.
Rate this blog entry:
Continue reading
8311 Hits
0 Comments

6 DIY Budget-Friendly Kitchen Makeover Ideas

If it looks like your kitchen is stuck in the past, or if it just looks boring or bland, you’ve probably thought about renovating it. It can be very expensive to renovate your kitchen. However, you shouldn’t let this hold you back. There are plenty of ways you can breathe new life into your kitchen and not break the bank. Here are some ideas I would recommend looking into as an option. The Miracle of Salvage and Second Hand One of the more simple ideas to give your kitchen a makeover is to salvage old pieces of furniture and place them in your kitchen. For example, one idea is taking an old machine shop table and place a butcher’s block on top of it to create a tiny island. You could take old bar stools and set them up by an empty counter to turn it into a mini bar....
Rate this blog entry:
Continue reading
1140 Hits
0 Comments