Currently viewing the tag: "pcm"

Renting Property Can Be More Profitable Than Buying!

Renting Property Can Be More Profitable Than Buying!

How Next Generation
Landlords Earn Living

It can be infuriating when you’re shown an investment strategy that is so simple, and obvious, that you can’t understand just how you missed it?

So now an easy to follow, step-by-step guide is being made available to property investors (and first-time buyers) just in time… even if the next generation of young landlords are already familiar with it, and using it to fantastic effect.

UK property prices are finally getting back to record highs, and the newspapers are again telling us how property investment and controlling bricks and mortar is a very reliable way of multiplying monthly income.

Forget ‘buying’ a starter-house with your families hard earned savings as a deposit, because there is a much easier way…

Rent A House And Make Up To £1,000 (GBP) A Month Income From It!

Whether that is a house advertised in a local newspaper or one that you have seen in the estate agent’s window… it doesn’t matter.

Right now the UK’s biggest property education company is explaining how to use this simple strategy to great effect:

Continue reading »

Rental Yields Drop As UK Residential Property Prices Rise

Rental Yields Drop As UK Residential Property Prices Rise

Property Price Increases Wipe Out Landlord Rental Yields

Residential property prices are rising so fast that they are outstripping rental price increases and some private sector landlords’ rental yields are suffering.

Landlord rental yields in the UK private rented sector (PRS) have fallen almost everywhere in the UK, and any rise in the rental prices are being outpaced by rising residential property prices.

Countrywide have said that in May 2013, rental yields declined everywhere in the UK except in the East of England (up 0.2% to 6.2%) and Scotland (up 0.1% to 5.8)

Rental yields in the South-West and the Midlands remained the same at 5.7% and 6.5% respectively. The greatest rental yields in the UK PRS are being achieved by landlords who own rental properties in Wales (6.6%), the Midlands (6.5%) and the North (6.4%).

Average monthly rents on two- and three-bedroom properties in the UK private rented sector increased up by 0.5% and 0.3% in May to £770 (GBP)and £884 (GBP) respectively, but rental prices for one-bed properties fell by 0.6% to £674 (GBP) and rents on four-bed properties were also down by 2.1% to £1,363 (GBP).

Wales had the greatest increase in average monthly rental prices, up 4.9% on April 2013, followed by Scotland (up 2.2%), the North (up 1%) and South-West (up 0.5%).

Despite some regional increases, the average monthly rental price in England, Scotland and Wales fell by 0.2% in May 2013, but rents are still 0.8% higher when viewed year-on-year.

The Midlands has seen the greatest decrease in average monthly rents, down 1.4% month-on-month, followed by the South-East and central London, both down 1.3%. Scotland has the lowest average monthly rent at £617 (GBP) per calendar month (pcm) and central London the highest at £2,340 (GBP) pcm.

Countrywide have taken their data from over 5,000 rental properties in the UK.

Nick Dunning, Commercial director at Countrywide said: “Despite the decrease in yields in May, rental yields remain strong and are providing attractive returns for buy-to-let property investors compared to other types of investment.”

Specialist Insurance can help landlords profit from property

Specialist Insurance can help landlords avoid tenant rent default

In the UK private rented sector, the average rent for a residential property now stands at a staggering £777 (GBP) per month across the whole of the country but there are some regional differences.

Private sector rents in Greater London rose by 6.7% during the last 12 months to reach a regional average of £1,224 (GBP) per calendar month (pcm).

In stark contrast, PRS tenants in the North-East living in similar sized properties are paying an average rent of just £512 (GBP) pcm.

Continue reading »

Single-Let And Small Scale Landlords Account For Up To

 80% of All New UK Mortgage Applications.

There has been a large rise in the number of ‘Single-Let Landlords’ (landlords with just one buy-to-let property), and small scale landlords (those typically with less than four properties), over recent months up to November 2012.

Rise In Single Let Landlords Accounts For 80% Of All New Mortgage Applications

Rise In Single Let Landlords Accounts For 80% Of All New Mortgage Applications

This is the result of many new investors being drawn in to the buy to let markets by high rents and increasing yields. Average private residential property rents have risen month on month over the last nine months and it is now estimated that Single Let and small scale Landlordsnow account for approximately 80 % of all new buy to let mortgage applications.

Continue reading »

Home rental costs still rising, says LSL

The average cost of renting a Private Rental Sector (PRS) property is now 3.4% more than it was 12 months ago, according to a new survey.

Rents Reach Record High and Continue to Rise

UK Rents Reach Record High and Continue to Rise

The cost of renting a property in England and Wales reached another new record high in October 2012, with typical PRS rents averaging £744 (GBP) a month, up 0.4% on September.

October’s increase is the seventh consecutive month of overall rent rises, with the biggest increases being in London – up 0.9% and the South East of England – up 0.7%.

However, it wasn’t all good news for landlords as five areas saw average PRS property rental prices fall, with the biggest decrease being in the East Midlands – down 1.8%.

The survey by LSL Property Services suggested that the pace of PRS rent rise’s has slowed and that the heat had come out of the rental market as the quieter season for new tenants approached.

David Newnes, LSL Director, said “A combination of improved buyer activity and a seasonal slowdown has taken some of the heat out of the rental market as it enters the traditionally quieter final months of the year. However, despite the deceleration, the fact that monthly rents rose by twice the rate seen a year ago points to the underlying strength of tenant demand for PRS property.”

Need a Tenant for your property? Click Here

There Will Never Be A Better Time To Invest In Property

MyPropertyPowerTeam.co.uk helps property investors and landlords build their own property power team to enable them to profit from property - Visit our main site now!