Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Demand for new homes down 50% as property market continues to cool; Growing concern as ‘storm clouds loom over the UK housing market’; Brits untroubled by rising mortgage rates as property transactions rise; Rent freeze to be extended; First-time buyer numbers fall 9% in 2022… Happy reading and… renting!
Investing in property can be financially rewarding. However, it can have its ups and downs, with many decisions to make. Once invested, landlords face the dilemma of whether to rent short-term or long-term. While long-term rentals are in high demand, short-term rentals can be immensely lucrative. To help make that choice, we will discuss which is more profitable for landlords, short or long-term renting.
Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Number of landlords selling up rises by nearly 13% in four months; The property market in 2023; 10 areas in UK where house prices are predicted to fall the most; UK mortgage sector going strong despite interest rate hikes; Minister confirms government will not consider rent controls in England; Landlords must ensure homes meet energy standard to keep tenants warm; Housing minister accepts there are fewer homes to rent… Happy reading and… renting!
If you are considering becoming a landlord because you think it will be a stress-free experience as you sit back and collect rental income, then think again.
Being a landlord can be just as stressful as a 9-5 job. Sure there’s no boss to order you about being a landlord. Still, similarly, a day job doesn’t involve putting down a serious amount of your income and being responsible for monthly mortgage payments for years.
This blog covers what causes landlords the biggest headaches and a few tips to help.
Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: UK house prices to fall as mortgage rate hike hits ‘buying power’; Banks to tighten mortgage lending in 2023 amid rising interest rates; More than a quarter of landlords want to sell; London rents reach record high of £571 per week; Prospective first-time buyers advised to wait until 2024; Seven in 10 landlords have properties with an EPC rating of D or below… Happy reading and… renting!
As a landlord (possibly with a few properties), you may know what you like and think you know what your tenants want. But at Rentila, we have our finger on the pulse of what tenants are looking for in a rental property. So read on to ensure you keep up with current rental market trends.
Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: Tax breaks for landlords to reignite buy-to-let market; It ‘feels almost inevitable’ that property prices will fall; 4 In 10 Will Struggle To Pay Mortgage; Bank of England warns UK households may face 2008 financial crisis mortgage strain; UK rents continue to rise; All The Reasons Why Private Renting Right Now Really Is Chaos… Happy reading and… renting!
- Why is the owner selling?
- How long has the property been on the market?
- Has the property changed hands recently?
- What is the minimum price the seller will accept?
- Have the seller’s found a new home?
- What is the local area like, and are there any plans that could affect the property?
- Do you have noisy neighbours?
- How old are the boiler, roof, drains and gutterings?
- What is included in the property?
- Can they explain the energy performance certificate?
- Things to remember: Top 10 questions to ask when buying a property
When buying a property, you are making a significant investment that could make or break your buy-to-let business. For that reason, when viewing a property, it’s time to put aside that British habit of saying nothing for fear of being nosey or impolite.>
You need to know everything you possibly can. Sellers will be expecting a few possible questions they would prefer not to answer — so don’t be afraid. However, why not direct your questions to the estate agent if you prefer? They can help you get the information you need and perhaps even help you bag a sale at the right price for you.
Read on and bite the bullet with our all-important questions that all buyers should ask.
Like every month, Rentila offers you an overview of the main real estate news of interest to landlords and tenants. This month, we focus on: The struggle to find housing as prices across the capital skyrocket; UK house prices expected to fall 4.5% next year; Home buyers far more price sensitive as mortgage rates continue to rise; Bank of England set to unveil biggest interest rate hike in 33 years; UK average rent hits £1,051 a month; Is Renting Property A Good Investment?; Which house-price index is the best?… Happy reading and… renting!
- You need lots of money to invest
- Capital growth is most important
- Property damage could ruin me
- I’m at risk of repossession
- Being a property investor is easy
- Being a property investor is a great way to build wealth
- Property investing brings freedom
- Investing in the current climate is risky
- Increasing mortgage rates will add costs
- It’s hard to sell a property and exit the market
- Things to remember
Becoming a real investor is a dream of plenty of people. So many of us hope to have money to invest in property while reaping a second income and potentially having assets to leave as an inheritance for loved ones. However, a heap of popular misconceptions stops countless people from making their dreams a reality. So with that in mind, this quick read aims to uncover the myths from the truth and could be the kick starter for you to become a property investor. Let’s dig in.