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Geo Property Lettings

Professional Property Management in Greater Manchester

Introducing A New Breed Of Letting Agent

Geo Property Lettings are a new breed of letting agency who are very different from the traditional stereotypical letting agents that all landlords complain about.

Based in Irlam and covering the whole of Greater Manchester, we are different because we actually care about our landlord and tenant clients. We may not have a high street presence but that just means our overheads are lower, we know how to market properties and exceed client expectations, consistently!

We have been members of The Property Ombudsman since 2011 and use state of the art property management software to keep track of all our managed properties across Greater Manchester.

Geo Property Lettings get property repairs done when asked, providing photographs before and after works are conducted, with realistic quotes from tried and trusted trades who we have used for our own rental property portfolios over the last 10 years, our contractors have excellent ethics and high standards and we trust them, that’s not something that all other agents can boast!

Geo Property Lettings promise our landlord clients:

  • Quality fast & efficient service
  • High standards
  • No rip-off’s
  • No quibbles
  • No repeat charges
  • No BS!

All tenant applicants are thoroughly referenced by the UK’s leading specialist supplier of products and services to the property lettings industry and we are highly experienced dealing with both working and benefit claimants.

We can even help organise specialist insurance for landlords and tenants including;

  • Rent Protection Insurance
  • Tenant Liability Insurance
  • Landlords Buildings Insurance

Our typical charges are just 10% of the monthly rent for a full all inclusive property management service or 50% of the first month’s rent for tenant find only service.

We pride ourselves on customer retention, always delivering superb customer service and looking out for our landlord and tenant clients interests.

We are looking for landlords who are fed up with spending more time and money than they need to managing their existing letting agents, landlords who are fed up with empty properties, expensive property repair costs and poor service.

Geo Property Lettings are small enough to care

and large enough to cope!

We have a number of pre approved tenants waiting for suitable 2/3/4 bed rental properties within the Greater Manchester area and we can fill your empty properties quickly – Call us today – 0161 777 8844 or visit our website http://www.geopropertylettings.co.uk

Funding Boost For Government Build-To-Rent Plans

Funding Boost For Government Build-To-Rent Plans

Finance Secured To Build Thousands Of
Affordable Properties For Rental Purposes

Government housing minister Kris Hopkins has welcomed a deal that will release £500 Million (GBP) of additional funding to build new affordable residential properties in the UK.

The new investment finance has been secured through an agreement with the European Investment Bank (EIB), that will help deliver up to 4,300 new and affordable homes to rent in areas of the UK.

The funding is set to form part of the £3.5 Billion (GBP) Affordable Housing Guarantees programme, which enables housing associations to use Government guarantees to secure private investment at more competitive rates than they would otherwise be able to secure.

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Direct Payment Of Universal Credit Can Be Made To Landlords with Tenants in Arrears

Direct Payment Of Universal Credit Can Be Made To Landlords with Tenants in Arrears

The Government’s change of policy will now allow automatic direct payments of housing benefit to landlords providing the tenant is more than 8 weeks in arrears.

The government rethink has been welcomed by the Residential Landlords’ Association (RLA) and all UK landlords who house tenants in receipt of housing benefit.

Yesterday was the day the Government’s first flagship universal credit pilot scheme went live in Ashton-under-Lyne, Greater Manchester, and a circular to all housing benefit staff revealed that automatic direct payments to landlords will now be allowed in the pathfinder areas.

The policy change was tucked away on the last page of an obscure circular published by the Department of Works and Pensions (DWP) yesterday. Universal credit expert and RLA trainer, Bill Irvine, spotted it and immediately informed the RLA.

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Properties across Greater Manchester including shops, offices, flats and a restaurant will come under the hammer in London on Thursday 24th May 2012.

The eight sites will be sold at a commercial property auction held by Jones Lang LaSalle.

They feature among a catalogue of 25 lots with a total guide price of £16 Million (GBP).

The properties include The Apple Building, Oldham Road, Manchester, which comprises 53 flats and has a guide price of £3.15 Million (GBP). The Lakeside Villas & Apartments, Blackley, comprises nine flats and 23 houses and has a guide price of £1.6 Million (GBP). Two shops at Stockport’s Merseyway development occupied by chain stores will be up for grabs with a guide price of £1.55 Million (GBP) along with a site on Great Underbank, Stockport, which is currently let to Lloyds estimated at £1.2 Million (GBP).

Salford office blocks Balmoral House and Sandringham House (£1.25m in total) and Windsor Court (£450,000) are among the lots. Lombard House, Cheadle, which is currently let to Countryside Estate Agents, and an Est Est Est leased restaurant on Manchester Road, Bury, have guide prices of £500,000 (GBP) and £475,000 (GBP) respectively.

For more information about the Manchesterproperty auction
Contact Charlotte Maynard Auctions Co-ordinator – Jones Lang Lasalle
+44 (0)20 7087 5497 or email: charlotte.maynard@eu.jll.com

Residential property affordability is at its most favourable in almost a decade, according to the latest Lloyds TSB Affordable Cities Review.

My home town of Salford, in the North West, is the most affordable UK city with an average property price of £102,391 that is 3.81 times the average gross annual earnings.

This partly reflects a 32% fall in house prices in this part of Greater Manchester since 2008.

The average price for a home in a UK city is £173,202 equating to 5.5 times the average gross annual earnings.

This is an improvement on 5.7 times the average gross annual earnings in 2011 and is significantly below the peak of 7.2 times the average gross annual earnings observed in 2008.

10 most affordable UK cities, 2012

UK cities

Region

Price to Earnings ratio

Salford

North West

3.81

Londonderry

Northern Ireland

3.87

Bradford

Yorkshire and the Humber

3.98

Lancaster

North West

4.00

Stirling

Scotland

4.04

Belfast

Northern Ireland

4.08

Durham

North

4.08

Lisburn

Northern Ireland

4.09

Hereford

West Midlands

4.26

Birmingham

West Midlands

4.43

UK cities average

 

5.51

Sources: Lloyds Banking Group, ONS

The marked improvement in affordability in UK cities over recent years has been driven by the significant fall in residential property prices.

Since 2008, the average house price within a city has fallen by 18% (£37,403) from £210,605 in 2008 to £173,202 in 2012.

  • 7 out of the 8 most affordable cities are in Northern Ireland and the North of England.
  • Ely in the East of England is the most affordable city in the south of England (4.60).

The least affordable city in the UK is Truro in the South West where the average property price (£250,489) is nearly ten times (9.71) the average gross earnings in the area. The benefits to the quality of life associated with living in this picturesque part of Cornwall have supported residential property prices in this area for the past decade.

Oxford (8.80) is the second least affordable city, followed by Winchester (8.76). Inverness (5.97) and York (5.95) are the least affordable cities outside Southern England.

Suren Thiru, housing economist at Lloyds TSB, commented: “The improvement in housing affordability within many of our major urban conurbations has been significant during the past few years and reflects the decline in house prices over the period. There is, however, a distinct north-south divide to the locations of the most affordable UK cities. Looking forward, the marked improvement in city affordability is likely to help support demand for those able to enter the housing market. Much of this benefit, however, maybe offset by the continuing difficulties many households face in raising a deposit and uncertainty over the outlook for the UK economy.”

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