Nearly a third of landlords have plans to buy more rental property this year, according to specialist buy to let lender CHL Mortgages.
Landlord confidence is running high with just 1 in 10 aiming to sell property or leave buy to let, with 31% set to expand their portfolios, while the rest continue with business as usual. Continue reading Third of Landlords Ready to Buy More Rental Homes
Letting agents reporting a rising number of homeowners renting out their properties because they cannot sell has more than doubled in a year, says the Association of Residential Letting Agents (ARLA).
The latest figures show almost half of letting agents (47%) were letting properties that the owners were unable to sell – up from 18% a year earlier. Continue reading ARLA guide for reluctant landlords
The broken housing market is pushing more accidental landlords into the buy to let market, according to lenders and letting agents.
As homes are becoming more difficult to sell, desperate owners who need to move are turning to let to buy mortgages so they can buy a new home while renting their former home out.
Around 20% of buy to let mortgage applications handled by Platform, the Co-Op Bank’s property investment arm, are from let to buy owners who need to move home. Continue reading Let to buy is soaring, say lenders and letting agents
Frustrated sellers are turning into reluctant landlords as the stagnating housing market in some areas has driven buyers away.
Around half of letting agents report a rising number of unintended lets as homeowners either cannot sell or are holding off accepting offers until property values increase. Continue reading Frustrated Sellers Forced to Consider Let-to-Move
Let me answer this question directly, no. I am sure that many disabled and people suffering from a debilitating illness would trade every possession they had for wholeness and good health. I am no different.
However, we play the hand we are given and one tries to make the best of it. So, there are some financial benefits to ease disabled life that people should be aware of and they should take action as soon as they can. For those that invest in property, disability has some advantages. One only has to think how one’s business is affected, be it adaptations of homes you own or manage to employing the disabled. Continue reading The Accidental Landlord – Disability, are there any benefits?
Landlord faces repossession after tenants fail to pay
Tenants at a London apartment have sent their landlord spiralling into difficulty after repeatedly failing to pay their rent.
Naomi Koningen is something of an accidental landlord after failing to sell her house in 18 months, forcing her to let out her 2 bedroom, ground floor Streatham flat. In such a desperate time, she said she was ‘naïve’ in taking on tenants who failed their credit check. Continue reading Bad tenants leave landlord owing £9000
In the previous two articles in his series, Bill Main-Ian recalled the accident that saw him lose one of his legs in a car accident and then fight for his perfect house which led to him becoming a property investor. The story of how Bill got into property investing and triumphed through adversity is being shared in detail for the first time exclusively with readers of Property118.com. Continue reading ACCIDENTAL LANDLORD Part 3 of the story of Bill Main-Ian – Surveyors and backstabbing
Should I do my own Property Management or contract it out?
This is a question that every buy to let property investor or accidental landlord has asked themselves at some point.
There is no right or wrong answer to this question as it depends on a variety of circumstances.
I’ve been investing into property since 1989 and have a portfolio that stretches North to South, East to West of England. Whilst I’ve managed my properties myself, I’ve also used agents. Now that my brother has set up a Lettings Agency to manage our family portfolio he looks after most of them but we do still contract managing agents occasionally.
So what are the deciding factors on whether to manage your own portfolio or to contract the work out? Continue reading Property Management Advice
In his first article our Guest Writer and self styled “Accidental Landlord” Bill Main-Ian told the story of how he was catastrophically injured and some of the mental issues that he and his family faced thereafter. The story of how Bill got into property investing and triumphed through adversity is being shared in detail for the first time exclusively with readers of Property118.com
“SUB-PRIME LENDING WAS OUR SAVIOUR”
We were sitting in a 3 bed semi which was in a desirable area. We knew that it would rent out. So our problem was to find a suitable property to move to whilst keeping our semi and rent it out to pay for the huge mortgage we eventually knew we had to borrow. This is how we did it. Continue reading ACCIDENTAL LANDLORD Part 2 of the story of Bill Main-Ian (Sub- prime lending was our saviour)
Bill Main-Ian, guest article writer for Property118.com
My name is Bill Main-Ian. On April 27th, 2000, at the age of 47 and with 26 years serving the community as a Police Officer, I was involved in an accident, which resulted in the loss of my leg. In a series of articles that Mark Alexander has generously allowed me to write on Property 118.com, I am going to tell you a story of triumph through adversity, albeit that my fight with adversity is never going to end. I hope you will join me on this journey.
Continue reading The Accidental Landlord: let me assure you, it’s the journey no-one wants to make
