Inheriting a house from a relative is one thing; knowing what to do with it is another. It’s understandable if you’re confused about the latter — perhaps the location isn’t ideal for you to live in yourself, or the property needs extensive renovations you can’t afford right now.
Rather than selling the house and missing out on future opportunities, have you considered turning it into a buy-to-let investment property?
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: Property industry reacts to latest house price data; British home prices to slip but won’t come crashing down; Inflation drops but further BoE rate rises ahead?; Rents across UK rise at fastest pace on record; North East named as most affordable region to rent in UK; Bailiff crisis will make it harder for landlords to evict tenants… Happy reading and… renting!
Being a landlord can be lucrative, but pitfalls can lead to headaches and costly mistakes. With so much to keep track of, it’s easy to overlook a few essential details. Fortunately, there are simple steps to minimise your chances of making a costly error when renting out your property.
Let’s look at the seven most common mistakes landlords make when renting in the UK and how to avoid them.
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 rental housing less affordable than in 2019, ONS says; North east labelled as ‘buy-to-let capital of Britain’; Mortgage costs see ‘meteoric’ rise since last royal coronation; Major blow for homeowners as BoE set to raise interest rates; Rental supply set for further squeeze; Top Things You Must Do As A London Landlord; 80% of landlords say they have carried out EPC work… Happy reading and… renting!
Property can be a great way to generate income and increase wealth, but it requires careful research and planning. You need to know how to spot the areas that will offer the greatest return on investment (ROI) and how to manage your properties so they remain profitable.
This article offers five insightful tips to help you find the perfect buy-to-let (BTL) investment opportunity. And by the end, you’ll have all the knowledge you need to make an informed decision about your next BTL investment.
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: What does the Current Rental Market Look Like?; UK house prices and their swift fall; Why are UK mortgage approvals at an all-time low?; One in ten renters are keeping a pet hidden from their landlord; Quarter of renters do not ask for repairs due to fear of eviction; How to sell your house in a slow market; Landlords see a massive increase in fraudulent tenancy applications… Happy reading and… renting!
Every independent UK landlord has undoubtedly heard of holding deposits and tenancy deposits. However, do you understand the differences between the two? Although they’re both payments made to landlords by tenants as part of a tenancy agreement, there are some key distinctions that every landlord should be aware of.
In this article, we’ll explain the difference between a holding deposit and a tenancy deposit, as well as provide helpful advice on managing them both.
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 home values lift 51% to record £8.7trn in 2022; Build to rent is UK’s fastest growing housing sector; Mortgage lenders pull and increase headline rates; Rent yields outstrip house price rises; Scottish parliament approves 3% rent cap for private tenants; Landlords to pay extra £1.3bn in tax this year; How To Get A Mortgage For A New-Build Home… Happy reading and… renting!
The cost-of-living crisis in the UK has partly been driven by substantial energy price increases. And that’s bad news for you as a landlord. You might pay for energy as part of the rental price, which means a hefty increase in your overheads. However, most rentals don’t include energy bills, but if your tenants are struggling to pay their energy bills, you might find they can’t pay you the rent on time or at all.
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: First-time buyers: UK’s most affordable places to buy a home; UK faces chronic shortage of rental homes, alarming new data shows; House prices stalled at the end of 2022; Rents rise again, with growth in London and Scotland outstripping inflation; We are all facing the prospect of rising mortgage rates; Tips on how to transform an inherited home into a successful rental property; Most London rental homes fail upcoming energy test… Happy reading and… renting!
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