Tenants in the Derby area face further rent hikes in 2023 as the number of available rental homes has dropped to an 18 year low. Many ‘accidental’ landlords have cashed in on the post lockdown property boom of the last two years and sold their properties to owner-occupiers, NOT fellow landlords. What does this mean moving forward?
The Chancellor, Jeremy Hunt, gave his Autumn Budget 2022 at lunchtime, intending to deal with inflation and keep mortgage rates down for homeowners. In this short and sharp post, I wanted to touch on what this would mean specifically for landlords and homeowners in the Derby area thinking of buying and selling...
When a tenancy comes to an end, many landlords believe that their property has to be handed over in exactly the same condition as on the start of the tenancy. However, landlords cannot be deemed materially or financially better off than on day one of the tenancy. This is where 'Fair Wear and Tear' rules are applied.
Life can throw curveballs at you from any direction. So, being prepared for even the most unlikely of situations is recommended, especially for Landlords. This blog covers what happens with your rental property and what to do if, in the unlikely event, your tenant is convicted.
Derby buy-to-let landlords are currently facing some difficult challenges with rising mortgage rates, new legislation and potentially lots of tenants in arrears . Is this the end of the buy-to-let journey for many landlords in Derby? Far from it. Delve into the figures in more detail in this article to find out why it's not all doom and gloom...
We thought the massive spike in rent arrears due to the pandemic over the last two years was behind us, then, along comes the cost of living crisis and a rise in interest and mortgage rates to put enormous pressure on homeowners, landlords and tenants. Landlords need to mitigate their risk of rent arrears and we have the ultimate protective shield.
What will the recent interest rate and stamp duty changes mean for Derby homeowners, landlords and tenants? Things are certainly going to change in the Derby property market, yet not in the way you might think. Read the article to find out...
Don't worry! This isn't yet another tax that landlords have to panic about. This is about the introduction of Making Tax Digital (MTD) for Income Tax as a landlord, including how the regulations will impact you and what you’ll need to do to prepare for the changes coming into effect in April 2024.
The buy-to-let market is currently experiencing a rough patch. Many would argue that it has been a rough patch for the last few years. With more potential legislative change on the horizon, coupled with bleak ROI forecasts, many landlords are now questioning whether or not they should be playing the buy-to-let property game at all.
As gas and electric bills rocket for Derby tenants, landlords who do not start to make energy efficiency upgrades could face lengthy void periods and may even have to discount their rents, whilst those Derby landlords with highly energy efficient rental properties could justify charging a premium..
At some point during your landlord journey, it maybe necessary to get repossession of your property. This may be for a variety of reasons. However, this process needs to be handled very carefully and within the relevant legal guidelines. We detail the steps that need to be taken to complete this process in a painless and stress-free way.
With future rental reforms, changes to EPC rules and a turbulent few years for landlords with stamp duty and tax changes, it is no surprise that many are looking to cash in on their buy-to-lets. Whilst there are still benefits and long term investment success to be had from buy-to-let, for some, it's time to sell. What should you consider?