The lettings platform Goodlord reported an increase in the cost of rent in seven of the eight regions they monitored during June. Here are some observations in the lettings market this month: Cost to rent In line with this, the average cost of rent in England is now £1,148, an increase of 3.3% from £1,111 […]
Rising rents and falling void periods June 2023 lettings market update Read More »
What happened in the HMO property market in Q1 2023? Data from SpareRoom, the room rental platform, revealed that rents across the HMO property market had reached an all-time high in Q4 2022. In addition, the UK average room rent increased 13% year-on-year. Supply & Demand The demand for rental properties peaked between summer and
Convert to HMO; Why many BTL landlords are changing their approach. As the rental market continues to evolve, investors are constantly seeking ways to maximize their returns and adapt to changing tenant demands. With sky-high interest rates and profit margins growing scarcer many are asking themselves whether they need to change their strategy. One strategy
What can landlords charge for? Whether you’re a new landlord, a seasonal landlord or have been a landlord for a long time, renting out and managing property can be time-consuming, stressful and complex, so it is vital to ensure that you remain compliant with the ever-changing regulations, legislation, and tax changes. One aspect of property
A quarterly survey of buy-to-let landlords by the lending company Landbay revealed that almost half of the respondents (42%) plan to expand their property portfolio in the next year. Results of the survey The results of the survey show that there is no mass exodus of landlords as was feared by many given the recent
42% Landlords plan to expand their property portfolio Read More »
Improve the energy efficiency of your property with these simple steps and winter-proof your property and reduce your bills for years to come. As the temperatures drop and the urge to turn on the heating increases, we are all looking for ways to reduce our energy bills and keep our homes warmer for longer. Here
67% of landlords who joined us did so to alleviate the stress of managing their property directly. The role of a landlord is often impeded and made more difficult due to the emotional attachment that they can have to a property and their tenants – making it harder to convey their rules and expectations clearly
How Letting Agents Remove the Headache of Property Management Read More »
Do you know the 5 most commonly searched terms on Rightmove? The property portal Rightmove released its five terms with the highest searches, which reflects the desires of many prospective tenants who are looking for a rental property. The data, collated in August 2022 shows that these features were highly desired by many tenants: 5
Being a landlord is a full-time job. Laws and legislation are constantly changing, and you are expected to keep up to date to ensure every decision you make is above board and in keeping with the relevant regulation. Can I increase my tenant’s rent? What if my tenant has a pet? Do I need an
Want to Keep Up to Date with Legislation Changes That Affect You as a Landlord? Read More »
As you may be aware, the widely anticipated Rental Reform White Paper “A Fairer Private Rented Sector” was released on the 16th of June 2022 and with it comes changes that will undoubtedly change some aspects of the sector. The Bill The bill proposes changes to tenancy agreements, grounds for eviction and repossession, and the obligations