My Tenants Have Done A Midnight Flit – Landlords Log 13
24th October 2011
I would very much appreciate your feedback on this video blog and my confessions article below it.
24th October 2011
I would very much appreciate your feedback on this video blog and my confessions article below it.
21st October 2011
Six days into my buy to let refurbishment project, see how it’s coming together. In this video I share a few tips on the best order to go about a refurb and the fixtures and fittings I’ve used and why. Join me again in a week or so and I’ll show you the completed project […]
21st October 2011
Speculative developers looking to cash in on the student housing boom have been warned numbers of halls of residence have reached saturation in some areas. The writing is on the wall for some big developers as banks pull funding because they consider they are over exposed in the niche. Birmingham’s Aston University has slammed councillors […]
21st October 2011
Buy to let rents are still going up – with tenants paying an average new high of £718 a month. The cost of renting a private home has surged by 4.3% in the past year, leaving tenants having to find around an extra £1 a day more than they were paying in September 2010. Rents […]
21st October 2011
Recently, one of the properties managed by our portfolio management company, National Property Group, was subject to a legal challenge against the landlord. Since selling the property, the original vendor had subsequently been made bankrupt, and the Trustee acting on behalf of the creditors was demanding the difference between the below market value sale price […]
20th October 2011
The Green Deal has become law – and landlords must comply with the new energy efficiency measures or risk a ban on letting property. The Energy Act lays out framework for the government to issue eco-friendly regulations aimed at making homes and commercial buildings warmer and cheaper to run. Buy to let landlords must comply […]
20th October 2011
The Insolvency Service has seen a rise in landbanking scams, complaints have gone up by a third since 2009 at a cost of £13.4million. The scams involve a company selling portions of land to investors with the false pretence of planning permission only for the land to be found to be Green Belt and planning […]
20th October 2011
Consumer champions are warning homeowners with financial problems about property speculators who offer a way to avoid repossession with lease option deals. The Financial Services Authority (FSA) is drafting guidelines warning homeowners about some unscrupulous companies that fail to deliver their promises to stop repossessions or ease their financial problems. Lease options are a controversial […]
20th October 2011
Buy to let insiders have revealed some home truths behind the property business in an online video for mortgage brokers. The key speaker was Paul Howard, head of the Nationwide’s specialist accounts, which includes major landlord lender The Mortgage Works (TMW) The video debate was hosted by trade magazine Mortgage Solutions, bringing Howard together mortgage […]
19th October 2011
Do flats make good buy to let investment properties? I have several in my portfolio but the dynamics of viability is very different to a freehold property as service charges and rent affect net yields. Also, what’s best, ground floor or upper floors? Please check out the short video below ….
19th October 2011
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19th October 2011
The Bank of England have released their Agents’ Summary of Business Conditions for October, and have once again found a depressed housing market. They say high loan to value products are being offered, but the take up has been low. Worryingly, they said the stagnant market and lack of transactions has provoked concerns for letting […]
19th October 2011
I listened to a programme on Radio 5 Live a few days ago that investigated how “Property Investor and Guru” Phil Martin had left a couple close to bankruptcy after agreeing a lease option on their property. In a nutshell he agreed to take an option to buy the property at a future date and […]
19th October 2011
With inflation hitting a 20 year high at 5.2%, the headlines are screaming doom and gloom. Instead, step back and read what high inflation and quantitive easing means to landlords running a buy to let business. The Consumer Price Index (CPI) – the government’s official inflation monitor – has registered 5.2% for September and is […]
19th October 2011
Homes under the hammer are still knocking up strong sales with almost 2,500 properties changing hands for £282 million. Around 70% of all homes up for auction were sold, according to the latest UK auction statistics for September from EI Group. The number of lots sold were up from 3,450 (3.8%) on a year ago, […]
18th October 2011
What hints and tips can you share about how to check out a letting agent or a property manager to manage your property investments? Did you know that a landlord can NOT contract his legal responsibilities to an agent and that he maintains responsibility for the actions of his agent? Please rate and comment on […]
18th October 2011
The Association of Independent Inventory Clerks has once again warned buy to let landlords to conduct inventories properly, even for unfurnished properties. They say it’s not just the ‘loose’ contents that need protecting with an inventory but carpets, bathrooms and even walls and cupboards. Worktop chips and scratches should be recorded in the inventory, as […]
18th October 2011
Will changes in funding provide threats to private rented sector landlords or an incentive for parents of students to become landlords themselves to offset rising costs of education?
18th October 2011
Next year I will have been a landlord for 40 years and I am going to throw a boomerang at each of my good tenants via twitter (@landlordtweets) during the month of December. I am fed up of hearing tenants from hell stories, most of my tenants over the past 40 years have been great […]
18th October 2011
We’ve had our Indian Summer and weren’t some of the sunsets amazing! Now apparently because the berries were on a certain shrub over August , we are in for a hard and cold winter. I always thought that if the berries were untouched till late then it was because they were being saved for winter. […]
17th October 2011
The latest pointless buy to let survey has hit the news feeds with the headline finding that broker buy to let mortgage applications are up 3.1% during the three months ending September 30. The problem is the figure is meaningless as the Paragon Mortgages survey gives no idea of the number of brokers taking part […]