Use & abuse our FREE software

I've just been using our property management software PM 3.0 to complete my tax return.  I'd like to say that I'm incredibly organised and that it is for the tax year 2012/13.  It's not.  I've already incurred my fix fine of £100 and interest charges so I'm rushing to get it in.  I've just finished the land & property section within the software and I confess I've used and abused it! Using the data from previous years on finance charges from the previous tax year of 2009/10 and knowing that none of my mortgage rates have changed I can use the data from the previous year.  I've done the same with some of the other expense charges.  The great thing is I've still been able to add in the repair, maintenance and renewals costs giving me an on going record of instantly accessible costs for future referencing.  When I get a bit more time I'll add in the full data sets.  At the moment working hard to build up a new business in Bakewell so I have no time but still find PM 3.0 useful even if I 'use and abuse it'.  It's the great thing about free software you don't owe anything to anybody.  Give it a go and see whether you can 'use and abuse' our property management software for your own devices! Remember we are also now mobile.

Free property management software, Free tenancy agreements

Top 5 Buy-To-Let Yields

Those landlords in search of the highest buy-to-let yields need to go North according to a recent survey by HSBC.  The one exception in the top 5 locations is Southampton which tops to their chart of buy-to-let rental yields with 7.82%.  This results from the high average rent of £901 per month and the relatively affordable level of property prices.

Yields higher up north.

We have discussed in the past the importance of the buy-to-let rental yield.  This study of 50 towns and cities in the UK reveals that the other 4 locations in the UK with the highest rental yield are all in the North.  The relative affordability of property prices in Blackpool, Hull, Manchester and Nottingham propel them to the top of the rental yield table with rental yields of 7.81%, 7.77%, 7.60% and 7.55% respectively.

Smaller properties have higher yields

Within the same location landlords should appreciate that there are significant variations within the different types of property.  Smaller properties such as studio and 1 bed apartments will tend to yield significantly more that large detached properties.  Therefore, using averages can be misleading.  Also many buy-to-let yields statistics do not reflect the true rental yields being achieved by landlords who tend to select areas and properties with the highest rental yields and therefore the best rates of return on their capital employed.

Landlord insurance - trusted brokers

Most popular BTL mortgages

Max LTV	Initial Rate	Term	Completion fee	Booking fee	Incentives	Overall Cost for Comparison	Lender
85%	4.99% Fixed	2 Years	2.5%	£130.00	No	6.8% APR	Kent Reliance Semi Exclusive
85%	5.99% Discount	2 Years	2.5%	£130.00	No	7% APR	Kent Reliance Multi Let & Ltd Co. Semi Exclusive
80%	4.59% Discount	2 Years	2.5%	£130.00	No	6.7% APR	Kent Reliance Semi Exclusive
80%	4.99% Fixed	Feb 28 2015	£1800	£199.00	Free valuation up to £335 for purchases and remortgages and free legals on remortgages only.	6.1% APR	Leeds Exclusive
75%	4.09% Fixed	May 31 2016	£995	£0.00	Free valuation and free legals for remortgages (properties valued up to £500,000).	5.6% APR	Skipton Semi Exclusive
75%	4.75% Fixed	Jun 30 2015	0%	£150.00	Free valuation	5.4% APR	Mortgage Trust ltd Edition Exclusive
70%	4.25% Discount	2 Years	0%	£199.00	Free valuation up to £335 for purchases and remortgages and free legals on remortgages only.	6% APR	Leeds Exclusive
65%	3.79% Fixed	May 31 2016	£995	£0.00	Free valuation and free legals for remortgages (properties valued up to £500,000).	5.6% APR	Skipton Semi Exclusive
60%	2.72% Discount	2 Years	£2495	£250.00	Free valuation for properties under £1 million and £250 cashback	5.1% APR	Hinckley & Rugby Exclusive
60%	2.85% Fixed	2 Years	£1950	£250.00	Free valuation for properties under £1 million and £250 cashback	5.1% APR	Hinckley & Rugby Exclusive

Search the whole BTL mortgage market free

Email: info@propertyhawkbtlmortgages.co.uk 

Tel: 029 2069 5446

Your home may be repossessed if you do not keep up repayments on your mortgages.  

The Financial Services Authority does not regulate some forms of mortgage. 

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Small flats bring best yields

Countrywide’s quarterly letting index report that rents in the UK are up in all parts of the country, except for Scotland and the South East. The average rent has increased by 2.4% in the first quarter of this year compared with the same period in 2012.

Unsurprisingly their data shows that one and two-bedroom properties provide the highest rental returns for investors. Bringing average yields of 6.8% and 6.4%

Three and four plus bedroom properties are achieving an average yield of 6.2% and 5.6%.

Read more on this data on Countrywide

Mandatory regulation of letting agents

The Daily Mail discuss what the mandatory regulation of letting agents.

With the inevitable amendments to the enterprise bill set to bring the regulation free days to an end.

Expect tenant agents to pay to go on a few form ticking courses, pay a subscription fee and put up their rates. But apart from that they'll probably be very little change.

Landlord insurance - professional rates

Checklist for prospective landlords

The Financial Times has published a check list for prospective landlords considering entering the BTL sector.