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FREE landlord softwareThe good news is that the general trend to rents according to the Rentindex is upward and with strong demand and lack of supply we can't see this changing in the short term.
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Saturday, March 31, 2012
Rents climb above £600 again
After the seasonal dip in rent. The spring kick up has resulted in monthly rents climbing back above the £600 pcm level for the first time since January.
The good news is that the general trend to rents according to the Rentindex is upward and with strong demand and lack of supply we can't see this changing in the short term.
Landlord insurance - best rates
The good news is that the general trend to rents according to the Rentindex is upward and with strong demand and lack of supply we can't see this changing in the short term.
Landlord insurance - best rates
Thursday, March 29, 2012
Tenants & water meters
Many tenants who are responsible for paying their water bills will look at reducing their bill by getting a water meter. Can they do that? Well not unless there fixed term tenancy is for more than 6 months under the provisions of the Water Industry Act 1999. Then they may be able to install a water meter unless the tenancy agreement states otherwise. It is normal that the tenancy agreement requires that the tenant should obtain consent from the landlord first before approaching the water company to obtain a water meter.The difficulty for a landlord is that once a water meter has been installed it can only be removed by paying the water company to do this (not cheap). I generally would advise that landlords should refuse consent unless the tenant is bound to procure (and pay for) meter removal when the tenancy ends.
Landlord insurance - professional rates
Wednesday, March 28, 2012
More rental data news
According to BM Solutions average rents in the London are twice that of the rest of the UK.
Londons average rent is £1,212 a month, the next highest is the South East at £858 a month.
The cheapest areas are Wales at £474 per month and the North and Yorkshire and the Humber both £488 per month.
BM Solutions data recorded that the national average monthly rent increased by 4.8% overall last year.
Discounted landlord insurance
Londons average rent is £1,212 a month, the next highest is the South East at £858 a month.
The cheapest areas are Wales at £474 per month and the North and Yorkshire and the Humber both £488 per month.
BM Solutions data recorded that the national average monthly rent increased by 4.8% overall last year.
Discounted landlord insurance
BTL mortgages - most popular
| Max LTV | Initial Rate | Term | Completion fee | Booking fee | Incentives | Overall Cost for Comparison |
| 85% | 5.99% Fixed | 2 Years | 1% | £130.00 | No | 6.6% APR |
| 80% | 4.79% Discount | 2 Years | £2999 | £130.00 | No | 8.2% APR |
| 75% | 4.49% Tracker | Jun 2 2014 | £1999 | £0.00 | No | 5.6% APR |
| 75% | 4.88% Fixed | 2 Years | £1999 | £0.00 | Free legal fees for remortgage | 5.7% APR |
| 70% | 3.85% Discount | 3 Years | £995 | £0.00 | No | 5.3% APR |
| 70% | 3.74% Discount | Jul 31 2014 | £899 | £0.00 | No | 5.9% APR |
| 65% | 3.49% Tracker | May 31 2014 | 3.5% (min £595) | £0.00 | No | 5.3% APR |
| 65% | 5.84% Fixed | May 31 2014 | 0% | £150.00 | Free valuation for properties valued up to £500,000 (excludes Scotland) | 5.3% APR |
| 60% | 3.39% Tracker | Mar 31 2014 | 2.5% | £0.00 | Free valuation for purchases and remortgages and free legals on remortgages only. | 5.1% APR |
| 60% | 3.25% Discount | 2 Years | 1.75% | £250.00 | Free valuation on properties valued up to £1m | 5.3% APR |
Tel: 029 2069 5446
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Your home may be repossessed if you do not keep up repayments on your mortgages.
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Tuesday, March 27, 2012
Drug farms double
Here's another interesting fact that I stumbled across that landlords should be aware of. Nearly 7,000 cannabis factories, containing 750,000 plants, with an estimated yield valued at £85million, were discovered by police in 2009-10, double the figure two years earlier.
Worth been observant.
Discounted landlord insurance
Rental yields top 6%
The latest buy-to-let yield revealed by BM Solutions show that the highest rental yields were in the North (7.0%), North West, Yorkshire and the Humber (both 6.3%), Wales (6.0%), West Midlands and the East Midlands (both 5.9%).
Greater London (4.8%), South West (5.0%), South East (5.2%) and East Anglia (5.3%) all registered yields below the UK average. Rental yields were marginally lower in 2011 at 6.1% than in 2010, when they stood at 6.2%.
Rental yields are notoriously difficult to measure accurately on buy-to-let property because of the complexity of measuring buy-to-let property capital values and rents.
Landlord insurance - all risks
Greater London (4.8%), South West (5.0%), South East (5.2%) and East Anglia (5.3%) all registered yields below the UK average. Rental yields were marginally lower in 2011 at 6.1% than in 2010, when they stood at 6.2%.
Rental yields are notoriously difficult to measure accurately on buy-to-let property because of the complexity of measuring buy-to-let property capital values and rents.
Landlord insurance - all risks
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