OK – so all investors and landlords who have benefited from last week’s 1.5% base interest rate reduction are still smiling, and rightfully so!

The chances are we’ll be smiling even more if the base rate continues to come down over the next few months, as indicated by most financial experts. Continue reading →

It seems a long while now since we heard every other person talking about programmes such as location, location, location! In fact, it is probably the last thing that most investors are worrying about at the present time.

The word on the lips of landlords and property investors more so nowadays, is cashflow, cash flow, cash flow! After all, this is the single biggest challenge that is facing us in the current economic climate. Buying more property is off the radar for most investors and instead it is a case of now getting their ‘property house’ in order. Continue reading →

Interesting question isn’t it – ‘Would you really drop rents?’ I know that for many landlords the answer to this question is a definite ‘No’, but I think it really needs to be thought about more carefully, and the benefits and drawbacks carefully scrutinised.

I have dropped rents in the past and here is the criteria that I consider when a tenant tells me they are struggling to pay the rent: Continue reading →

On Tuesday 11th November I gave a talk to members of York Residential Landlords Association. I brought up the subject of rents and asked how many landlords were finding that they were increasing rents in the current economic climate. The results were as follows:
 
0% were dropping rents

5% were increasing rents

95% were keeping rents the same. Continue reading →

Graham Beale, the CEO of Nationwide Building Society believes that housing prices will continue to hit new lows during 2008-09 and possibly in 2010 too.  Continue reading →

Despite a year of falling property prices, British parents are still buoyant about the property market in the years to come. This was evident from a study which showed that nearly half of British parents have offered financial assistance to their grown up offspring to help them to get on to the property ladder.

The study was carried out by market research firm BDRC. The study revealed that 40 percent of parents over the age of 45 believed that investing in the UK property market will give secure returns to their children in the future. Continue reading →

Landlords across the UK should be prepared for spending more pounds on maintenance and repairs in the coming months as meteorologists are forecasting a pretty chilly winter season.

Landlords are advised to let their tenants know in advance of required safety measures to prevent any unforeseen expenses in maintenance and service. Of all the risks associated with damages related to winter, the biggest is the freezing of pipes, in case the temperature dips below the freezing point regularly. Continue reading →

The financial meltdown and the resultant credit crunch have hit many prospective buyers across the UK. As a result an increasing number of people are now opting for rented property. This is quite rampant in parts of London where private dwellings are in abundance. Many of those looking for rented property have high expectations of their landlords.  Around less than a year ago the majority of people were still buyers but now the tables have turned. Continue reading →