What consent to let and when do you need one? If you want to rent out your property for short-term stays, you will need to seek a consent to let from your lender if you wish to keep your existing residential mortgage. In this article, we will discuss what is consent to let, its importance and when do you need one. What is Consent to Let? Consent to let is...
What is a landlord? A landlord is a person who owns property, and rents it out to others. A landlord can be an individual or a business entity. Landlords are responsible for ensuring that their properties are safe and well maintained, as well as making sure that they meet all legal requirements (such as paying taxes). Why people want to be a landlord in Lo...
In the United Kingdom, the energy crisis is a major issue. The government has tried to mitigate the problem by encouraging citizens to use less electricity, but this hasn't been enough. Energy prices are soaring in the London UK, and it's not just affecting the rich. As energy prices continue to rise and a growing number of people struggle to pay their bil...
Mortgage brokers are financial professionals who help people find, shop for, and apply for mortgages. They work with lenders to make sure your application meets the requirements of the lender, and they also help you understand your options. A mortgage broker helps you find the best loan for your needs by connecting you with the lenders who offer them. The b...
Following the resignation of Boris Johnson, who has announced he will step down as Prime Minister when his successor is appointed, the UK faces a new leadership crisis. Johnson has stated that he will not introduce any new policies during his term—but what does this mean for pending legislation such as the Renters' Reform Bill? Will the Renters' Refo...
The process of selling a home can be time-consuming, challenging and frustrating. Despite going through all the steps and paperwork, you may fall at the final hurdle. But what causes sales to fall through and what can you do to prevent this from happening? Let’s take a look at the facts. How often do house sales fall through? It's a common misconcept...
Inventory is one of the most important steps in the letting process. The condition of the property, as well as its presentation and appearance, can have a significant impact on how quickly it is rented and at what price point. It is also one of the most time-consuming, so it's important to prepare your property for this step. So what should you do to prepa...
The government has finally published its much-anticipated White Paper on renting reform. The legislation, based on the proposals in the paper, is not expected before next Spring. Housing minister Eddie Hughes introduced the bill in parliament, but it was prefaced by his boss, Secretary of State for Justice Michael Gove. The bill is intended to be a...
Being a landlord can be stressful, especially when your property is empty. If there were no tenants in your property for an extended period of time, you might be worried about how you’re going to pay the mortgage and other bills associated with the property. It’s those worries that mean many landlords buy landlord guarantee insurance. There are...
Are you a self-managing landlord looking to save money? As professional letting agents (property management company) in the UK, we often deal with self-managed landlords and while we want toRegulatory Burdens For years, landlords in the UK have been navigating what feels like a never-ending maze of regulations, each more complicated than the last. La...
Owning and running a rental property is a great way to earn some extra cash. But if you’re a landlord, that extra money can put you in for some extra tax liabilities at the same time. But those expenses incurred by landlords are deductible when it comes to filing income tax returns. What are the expenses that a landlord can claim? As a landlord...
When it comes to filling the vacancies on letting properties, it is important to attract the most qualified tenants who can stay long term and pay the rent on time. A large number of millennials are renting in the UK and are expecting to rent for the rest of their lives.What are the benefits of attracting millennials? How to provide appeal to your rental pro...
What Section 21 abolition could mean for Landlords?As part of the continuing haul of the sector, the government has outlined plans to consult on new legislation to eliminate Section 21 evictions, often called ‘no-fault’ evictions. Under the government’s proposal, evicting tenants using a Section 21 notice procedure will no longer be po...
Knowing how much rent you should charge for your rental property is not easy. Whether you are a first-time landlord or a more experienced landlord trying a new location. It is one of the hardest parts of the rental process yet one of the vital parts of the rental process. The amount you will charge for the rental will decide your profit, the quality of...
One question that we get questions as estate agents by prospective investors is about what is the property trend in 2022 and what is emerging generally so that they can be informed before plunging into an investment.With that, let’s take a look at the house trends we see that are emerging in 2022 so farIncrease in House PricesIt is expected that the ho...
