Becoming a landlord is not something to be taken lightly. Follow these simple steps religiously to avoid the various potential pitfalls. The UK proudly boasts of about 1.5 million landlords â but not all of them are experienced landlords. A number of them are âaccidental landlordsâ needing a move from their own home but choosing to let their property rather than sell it....
Aspiring local landlords could be pardoned for having the mindset that all they need to do is buy a property, find tenants and then wait for the money to roll in on a regular basis. But while some truth may exist in the fact that generation rent is skyrocketing, and there are still not enough houses, there are always things that can be done to make your buy to let investment even better.
Drewery Property Consultants has been shortlisted for the second year in a row for: Best Business for Marketing & Social Media category in the 2017 Bexley Business Excellence Awards in association with Ocado.
The next five years will see an interesting change in the Sidcup property market. My recent research has concluded that the rent private tenants pay in Sidcup will rise faster than Sidcup property prices over the next five years, creating further issues to Sidcupâs growing multitude of renters. In fact, my examination of statistics forecasts that ..
âWhy has my Sidcup property not sold after so many months?â I am often asked this question by sellers who are dismayed that they have not yet received an attractive offer on their property, and viewing numbers have also dwindled.
Most people do not give consideration to when is the best time to sell their property and just instruct an estate agent to market immediately. However, if you put your property on the market at the wrong time of the year for your particular buyers it could seriously affect the final price you achieve as the overall demand might not be there from your ideal buyer. You need early and strong interest from buyers who are keen to move, and that takes a little planning.
Investing in Sidcup buy to let property is different from investing in the stock market or depositing your hard-earned cash in the Building Society. When you invest your money in the Building Society, this is considered by many as the safe option but the returns you can achieve are awfully low (the best 2-year bond rate from Nationwide is a whopping 0.75% a year!).
The good old days of the 1970âs and 1980âs eh â¦ with such highlights lowlights as 24% inflation, 17% interest rates, 3 day working week, 13% unemployment, power cuts â¦ those were the days (not)â¦
An Englishmanâs Home is His Castle as Maggie Thatcher lauded â everyone should own their own home. In 1971, around 50% of people owned their own home and, as the baby-boomers got better jobs and pay, that proportion of homeowners rose to 69% by 2001...
To help you choose the best estate agent to sell your property, there are a number of questions you should ask to give you the best chance of selling your home quickly and at the best possible price. These questions include:
Apart from some minor exemptions, Stamp Duty is paid by anyone buying a property over Â£125,000 in the UK. It presently raises Â£10.68bn a year for the HM Treasury (interesting when compared with Â£27.6bn in fuel duty, Â£10.69bn in alcohol duty and Â£9.48bn in tobacco duty)......
The Sidcup Property Market continues to disregard the end of the world prophecies of a post Brexit fallout with a return to business as usual after the summer break.
A Landlord brought up the subject of a report he had read from the Royal Institution of Chartered Surveyors (RICS) and PricewaterhouseCoopers (PwC) that stated almost 1.8m new rental homes are needed by 2025 to keep up with current demand from tenants. He wanted to know what this meant for Sidcup...
Over the last month, the Sidcup property market has seen some interesting movement in house prices, as property values in the Bexley London Borough Council area rose by 1.7% in the last month, to leave annual price growth at 19.2%. These compare well to the national figures where property prices across the UK saw a monthly uplift of 0.42%, meaning the annual property values across the Country are 8.3% higher, this is all despite the constraining factors of Stamp Duty changes in the spring and more recently our friend Brexit.
Roll the clock back 35 years to 1981, and Mrs. T was in power, we had a Royal Wedding, Britain won the Ashes and Bucks Fizz won Eurovision with âMaking your Mind upâ. Havenât things changed. The number of homeowners and property investors who said they wish they had hindsight and bought up every house in Sidcup all those years ago, especially when you consider what has happened to Sidcup property values, asâ¦
I had an interesting chat with a landlord from the Christchurch Road area who owns a few properties in the suburb. He popped his head in to my office....
You might ask, what has the plight of the Sidcup savers to do with the Sidcup Property Market â¦ everything in fact. Read the....
A few weeks ago I was asked a fascinating question by a local Councillor who, after reading the Sidcup Property Blog, emailed me and asked me â âAre Sidcup Landlords meeting the Challenges of tenanted families bringing up their families in Sidcup?â
Post Brexit - Sidcup property prices could increase by Â£24,000 over next 12 months
90.3% of Sidcup Homeowners are over 35 - The affect of their Brexit vote on the Sidcup Property Market
Estate agents and mortgage experts have reacted to the Bank of Englandâs surprise decision to keep base rate unchanged at 0.5 per cent..
Drewery Highly Commended in category `Best Business for Marketing and Social Media` at Bexley Business Excellence Awards.