Letting Agent Talk

5 Things Landlords Should Look for in a Property Manager

 

Renting out property can be a hugely rewarding lifestyle, but it comes with more than its share of anxieties. One of the foremost concerns is how to find tenants that you can have a healthy and beneficial relationship with. However, landlords don’t always have the time to manage this along with other priorities. Finding a…

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Five Ways to Make Owning a Rental Property a Little Less Stressful

 

Owning a rental property can be a great way to make passive income. It can also be a great way to utilize a property that you’re having a hard time selling, or it can provide you with money to cover mortgage payments until you are ready to move back into your home. However, owning a…

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What to do if you can’t pay your rent due to Covid-19

 

Are you worried about your ability to pay your rent through the Covid-19 crisis? Don’t panic – you’re not alone; there are many people struggling through this complicated time with issues like job security and where their income is going to come from. So, if you are in a position where you are worried about…

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Surge in country and seaside property values

An alternative to a client account for letting agents

 

Many startup and established letting agents are getting frustrated with the difficulty in opening and managing a client account. Currently, many letting agents are struggling to open new client accounts, with some even being served notice that their accounts are to be closed. This problem is a consequence of the Anti-Money Laundering (AML) legislation reported…

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Advising Tenants On How They Can Clean Their Property Perfectly Before Moving Out

 

If you run an estate agency that manages rental properties, then you might notice that your team often becomes the first port of call for tenants who have queries and questions about maintaining their property. One issue that many tenants might have is understanding what they need to clean when they move out of their…

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How to Exit a Commercial Lease Early

 

Getting out of a commercial lease ahead of time might be necessary for a number of reasons. Perhaps the business is growing and needs bigger premises quickly, or the opposite is the case. If you are struggling financially, you may be looking for a lease that offers better terms fast, or your business may sadly…

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The Importance of Electrical Safety Standards in the Private Rental Sector

 

With homeownership now a distant dream for many adults, the private rental sector in the UK is thriving. Renting from the private sector can be a mixed bag. Fortunately, there is legislation in place that compels private landlords to maintain certain standards. Few of these are more important than electrical safety standards. What Responsibilities Do…

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The Worst Places To Be A Long-Term Landlord

 

In one of our recent articles, we took a detailed look at some of the best places around the UK to be a long-term landlord. So, in the interest of fairness, we thought it would now make sense to look at it the other way around as well, highlighting some of the places to avoid…

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The best places to be a long-term landlord

 

When it comes to being a landlord, yields play an essential role where profitability is concerned. However, one aspect of an investment that is often forgotten is the appreciation of bricks and mortar itself. Leading lettings management platform, Howsy, has looked at which areas have been the kindest to current landlords when considering both the…

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Tenant deposit disputes down so far this year

 

The number of rental deposit disputes lodged with Hamilton Fraser’s government-authorised deposit scheme, mydeposits, has fallen by -15% across England so far this year. Analysis of the data by Hamilton Fraser’s sister company and deposit replacement provider Ome found that London, the South East and the North East have all seen the largest drop in…

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100% LTV mortgages are back on the menu – but only for the super rich

 

The ongoing impact of the Coronavirus has seen many mortgage lenders pull nearly all of their highly leveraged mortgage products from the market. However, 100% loan to value mortgages are now back on the menu, the only caveat being you have to be super-wealthy to secure one. It isn’t the first time that mortgage products…

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Commuter savings can help tenants overcome the cost of renting

 

With many of us still restricted to working from home or on furlough, research by Ome shows the average UK commuter is benefitting to the tune of £66 a month that would otherwise be spent travelling to and from work. Now that the market has reopened for business, tenants will be looking to move to rental…

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Landlords return as rental stock lifts in wake of market restrictions easing

 

In the wake of last week’s ease of property market restrictions, the number of rental properties hitting the market surged by as much as +44% in some UK cities as landlords returned and letting agents were able to resume business. Howsy’s research analysed the number of available rental properties listed across the major portals the…

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Lockdown rental stock shortage will see rents and deposits climb

 

Research by rental deposit replacement scheme, Ome, has highlighted how a lockdown reduction in rental stock entering the market could result in higher rental and deposit costs for UK tenants. Ome investigated the percentage of buy to let mortgage loans approved over the last five years as a percentage of all loans. The figures from…

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Lockdown rental stock shortage will see rents and deposits climb

 

Research by rental deposit replacement scheme, Ome, has highlighted how a lockdown reduction in rental stock entering the market could result in higher rental and deposit costs for UK tenants. Ome investigated the percentage of buy to let mortgage loans approved over the last five years as a percentage of all loans. The figures from…

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