Landlords are legally required to carry out gas safety checks, and get a gas safety certificate, every year. The rules on electrics are much woollier. Landlords are required to make sure that the electrics are safe, but there is no requirement for an annual check and certificate. This can mean that electrical safety gets forgotten. Continue reading
The Assembly, which works alongside the Mayor of London, wants to see rents controlled in the capital, longer tenancies and registration of landlords. Assembly member Len Duvall said that reform is needed to ensure that the capital’s housing conditions do not return to ‘Dickensian squalor’. Continue reading
Over the last few years, student housing has become very popular amongst landlords and has transformed over the last ten years into a global market. This is a result of the increase in students in need of somewhere to live; there has been an increase of 67 million students since 2000 to 2011.
James Pullan is the head of Knight Frank Student Accommodation and he has said, “Student property is one of the most successful real estate asset classes, thanks to stability of demand for student bedrooms from all over the UK. The market is still structurally undersupplied in all core university cities.” Continue reading
Squatting is now a criminal offence in residential properties following a change in the law last year. But that doesn’t mean that it is necessarily any easier than it was to remove squatters. Landlords need to be aware that there is still a risk that their property will be squatted. Continue reading
Here at PropertyQuoteDirect we know that landlords love to make things look their best and have a taste for those little luxuries. So we are giving away a Molton Brown Travel Kit to one lucky Facebook winner in our Father’s Day competition – perfect to treat yourself or your dad with!
To be in with a chance of winning this prize all you have to do is like our Facebook page, click on the ‘Promos’ tab and enter your details. You need to be quick though as the competition ends Sunday 16th June at midnight!
Entrants must be 18 years or older and based in the UK.
Winner will be chosen at random and announced on Facebook once all the entries have been counted. Prize must be claimed within 7 days or the winner will be redrawn.
If original prize is not available then another of the same or equal value will be provided.
The law can be complex. And when you have a long to-do list to deal with, it’s easy to push understanding the law to the bottom of it. We’ve covered landlords’ legal responsibilities recently. Now we’ve put together this list of the basics to help landlords know their rights. Continue reading
The other week it was reported that landlords need to make sure they have a contingency plan when it comes to their business, especially as the rental market is constantly changing. Even though it’s relatively easy to make a profit now, there is always the chance that something could go wrong, which is why it is so important to have some extra cash that can help. So here is our guide to saving and how it can be done without having too much of an effect on your income: Continue reading
These are people who have been forced into letting out a property they bought to live in. Usually, they need to move, but find they can’t sell. They may be in negative equity, or simply finding it difficult to achieve a decent price for their home in a slow market. House prices are recovering from the 2008 crash, but the market is still struggling in much of the country. London and the South East are starting to see significant rises, but prices are still flat in Wales, Yorkshire, the North East and North West. Continue reading
Over the past few months there have been numerous news stories regarding the Bank of Ireland and how they have implemented massive interest rate increases for the majority of their tracker and variable mortgages. We have also heard that some landlords are starting to struggle when it comes to interest only mortgages, as many have failed to budget in order to pay back the loan once the interest only term is over. So here we look at the importance of mortgages for landlords and how to protect your business: Continue reading
When you buy a new rental property, you take a risk. Markets can fall as well as rise, mortgage interest rates change, renters are not always who you think they are. There are risks all along the rental property journey.
But there is much that you can do to reduce the risks of buy-to-let, and increase your chances of making a great investment. Here’s what you need to think about: Continue reading