Here’s why landlord’s should make the most of the student market
Renting to students is one of the best yields for you because they tend to rent the whole year which can give you reassurance and they’re always a reliable source of income. Students tend to start looking for properties to move in for the second and third year after January, so if you can market the right way then, you’ll stand a good chance of beating the competition to hand over the keys!
Helping hand for the property ladder with the government’s Help to Buy Scheme
The government has created the following Help to Buy schemes; including Help to Buy ISA for first-time buyers, Help to Buy: Shared Ownership, London Help to Buy and Help to Buy: Equity Loan to help those in need to assist with the first steps towards your investment. For every £200 a month saved, the government adds £50, up to a maximum of £3,000, boosting your ISA savings.
Cautious buyers/sellers – the house market’s New Normal
While less are buying properties ( 86,630 in July – a 12% decrease compared to last year), prices have steadily increased in value by the shortest margin, according to recent reports from one of the UK’s biggest lenders. The Halifax, part of Lloyds Banking Group, said that prices rose by 0.1% in June to August, compared with the previous three months. Brexit remains a curious subject and the public know little of the outcome, doubts will remain – even if the UK doesn’t. Will the property sector drastically change when Britain does leave the EU? Whether you’re a first time buyer, looking to swap homes or own multiple properties as a landlord, transactions will always take place. You just have to decide whether you can afford the mortgage payments consistently.
New Landlords! All you Need to Know
Whether you’re looking to rent to a family, setting up some students with good ‘digs’ for the start of their educational journey or easing a couple into retirement, there’s plenty to think about when taking on your first buy-to-let home as a landlord. You need to cover many different aspects of renting a property so when the first tenant moves in, there will be less stress involved and a seamless transition to start running your business.
Are you Covered? How to avoid Underinsuring your Property
When insuring your property, there’s so much to think about when renting to tenants. There could be obvious issues like a fire or water damage (leak, mould etc) that would affect the way the tenants live and potentially devalue your properties. Also, there’s a number of other reasons that may cost you thousands of pounds if you underinsure.
How to Approach Real Estate in the Digital Age – The YouRent Solution
Mark the date in your calendar because from 1 June 2019, parliament finally addressed the unnecessary charges that landlords and estate agents demanded from tenants. Gone are the days of stumping up a ridiculous fee for cleaning the property, or paying £200for the preparation of paperwork,…