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
There is much more to being a landlord than just buying and letting a property. Landlords have legal obligations to their tenants, just as their tenants do to them. Most of the rules that landlords need to work to are about protecting tenants’ health and safety, or about protecting both landlord and tenant from disputes.
These are the rules that every landlord needs to remember: Continue reading
In England and Wales all landlords have had to register their deposits in a scheme for a number of years now as deposits are extremely important to both tenants and landlords, as for tenants it secures them their property, while for landlords it protects their business.
Here we look at the basics of deposits and why protection schemes have been put into place throughout the UK:
The number of first-time landlords is continuing to grow according to Paragon Mortgages. The mortgage specialist says that 22% of the mortgages it issues now go to new landlords. The figure has been growing since 2009, when the buy-to-let industry began to recover from the 2008 crash. Continue reading
A bigger proportion of the mortgage market than ever is accounted for by loans to landlords. Figures from the Council of Mortgage Lenders show that 13.4% of mortgage loans were made to landlords in the first quarter of 2013. In the last quarter of 2012, the proportion was 13%. In the first quarter of 2012, it was 12.9%. Continue reading