Blog
- Details
- Hits: 590
MID-TENANCY CHECKS, RENT REVIEWS, TAX TALK, AND GETTING YOUR PROPERTY BACK
Your tenants have moved in, you’ve protected their deposit, and the first month’s rent is in the bank. So what comes next?
Following on from Part One of our Landlord Lingo Buster, Part Two is all about effective management to keep everything running smoothly, legally and profitably.
Regular inspections, health & safety laws, claiming all your tax allowances and reviewing the performance of your investment are the foundations of being a successful landlord, while serving notice the right way is essential for getting your property back when you want to.
There’s a lot to get through, and whether you’re a landlord in Liverpool or elsewhere in the UK, our jargon buster is here to ramp up your knowledge and boost your confidence. So without further ado, let's dive in!
- Details
- Hits: 662
INSTANTLY UNLOCK THE HIDDEN EXTRA VALUE BY SHINING A LIGHT ON ALL THE EXISTING FEATURES
Not every home sells for its full potential value, and that’s often because the finest features are either hidden or under-presented. But you can add many thousands to your sale price simply by showing off what’s already there.
Even though furniture and styling play their part, buyers are ultimately paying for the fabric of your home, and that’s how estate agents, mortgage lenders and surveyors will appraise the value of your property.
So it makes sound financial sense to make the most of what you’ve got by highlighting all the existing character and space. When you get it right, it’s a surefire way to wow your buyers, from stunning photography online to a fantastic viewing experience. And in this week’s blog, we’ll show you how.
- Details
- Hits: 683
SET YOUR TENANCY UP THE RIGHT WAY AND KEEP YOUR PROPERTY LEGAL
Just like every industry, the lettings world has its own particular lingo to master, with plenty of phrases, abbreviations and rules to keep in your head.
From staying on the right side of the law to protecting your property and keeping your tenants safe, there's a lot to know as a landlord, and plenty of responsibility too! Even experienced landlords can lose track with ever-changing lettings laws.
So with that in mind, and whether you own a property to rent in Liverpool, or somewhere else in the UK, we’ve put together a two-part blog with all you need to know to bust lettings jargon. This week is about starting off on the right foot to set your tenancy up the right way and keep your property legal.
- Details
- Hits: 518
OUR TOP TIPS TO BUILD A PORTFOLIO OF FIVE OR MORE BUY-TO-LETS
2022 saw the highest proportion of property sales to investors since 2016, with landlords accounting for 12.2% of the market. Surprised? Well, it's not so unbelievable when you look at what’s happening.
- Interest rates have dropped since their spike after the mini-budget, with buy-to-let mortgages now available from 3.09%.
- House prices have fallen back, giving landlords a much better shot at getting a great deal with an instantly higher yield.
- Rents have risen sharply because of intense competition among tenants.
Many existing landlords are taking the opportunity to expand their portfolios again, and if you're reading this blog, you could be thinking that 2023 is the year you begin your buy-to-let journey. But where do you start?
Well, there’s plenty to learn, from raising the money to having the right people around you, avoiding classic mistakes and picking the perfect rental property. But don’t worry: we’re sharing everything you need right here to build a portfolio of your first five rental homes, and beyond!
- Details
- Hits: 514
FIVE REASONS WHY YOU'RE BETTER OFF SELLING YOUR HOME WHEN PRICES COOL
How do you feel about the property market right now?
It's peak prediction season in the press, with daily claims from experts that house prices are about to fall off a cliff, stagnate or even slowly rise. We know that most of these predictions will be wrong, but which ones?
The first thing to remember is that asking prices and sale prices are not the same thing. If a home is 10% overpriced and then reduced by 10%, that isn't a fall in sale prices.
So what is actually happening?
One thing we can say for sure is that house prices have stalled, and the market has changed. But how does that affect you if you’re planning to sell your home?
Well, you probably won't have queues of buyers down the street, or multiple offers over your asking price. But then, you’re unlikely to face that on the home you want to buy - an absolute godsend compared to the stressful scrums of 2022.
The best time to move is always when it's right for you, but in case you feel you missed the boat by not selling last year, here are five reasons why you could be better off selling your home when prices cool.