Writings for Landlords
Landlords are feeling the pressure of recent government changes to buy-to-let tax relief, a new propertypriceadvice.co.uk survey reveals. Coupled with the potential rise in interest rates in May 2018, many landlords are being forced to reassess their priorities and consider selling property to minimise the effect on their income.
Northern Powerhouse is causing Manchester, Leeds and Liverpool to experience rapid growth in international investment property.
You’ve found the ideal place. It’s exactly what you want and the location is perfect. The rent is affordable and you have the deposit. The viewing confirmed this is the property for you. Now all you have to do is sign on the dotted line.
There are different types of landlord. Some target families, others look for young professionals as tenants. Other landlords will target students or DSS tenants. Some have a varied portfolio of single flats or apartments while others will let a whole building. Another sub-set of landlords target the corporate sector.
The easy answer to this is it depends on the rental. If you are catering to high-end tenants than a dishwasher and certainly a microwave would be essential to attract the right tenant. After all, a tenant in high rent accommodation will naturally expect more amenities.
Our advice to landlords is to always decorate in magnolia or cream.
Energy Performance Certificates (EPCs) were introduced in 2007 as a way of measuring the energy efficiency of buildings, using a system of grades from A, the most efficient, to G, the least.
Last night there was a BBC Panorama documentary which looked into the issues surrounding Section 21 evictions, also known as ‘no-fault’ evictions. The programme went on to argue that no-fault evictions are not fit for purpose and that the situation needs to change.
The changes to buy to let mortgages, stamp duty changes and changes to taxation have all gone some way to dampen the demand of property investors, so how do you expand your rental property portfolio in the current climate?
Smoke alarms are of course compulsory in rental properties. But what about carbon monoxide alarms? Should landlords install them? Do they need to install them? Let’s look at the law first.
