Currently viewing the tag: "portfolio"
48% Of Tenants Would Like To Withhold Rent Over Repair Delays

48% Of Tenants Would Like To Withhold Rent Over Repair Delays

Tenants wrongly attempt to

blackmail landlords over repairs

Private rental sector tenants are wrongly taking matters into their own hands and attempting to withhold rent from landlords over delays resolving emergencies like heating and electrical faults, according to new research by HomeServe.

The figures show that 1 in 3 PRS tenants have faced emergency repairs over the last 12 months,  with boiler faults and other central heating problems the most common.

Of those, 11% took the wrong action, attempting to withhold rental payments because they claimed that the landlord had taken an unacceptable length of time to deal with the repairs, and 48% of tenant respondents said they would also be willing to withhold rent should the need arise.

  • 1 in 4 problems take landlords more than a week to repair
  • 34% of private tenants have faced a home emergency in the last 12 months
  • 1 in 10 tenants who have had a home emergency withheld rent
  • 1 in 2 tenants would be willing to withhold rent if necessary to expedite repairs

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Increased Demand for Buy-To-Let Bridging Finance Loans

Increased Demand forBuy-To-Let Bridging Finance Loans

Bridging Finance Loans Increase £1.79 Billion (GBP) In 2013

New data from Positive Bridging Finance shows that buy-to-let property investors are turning to bridging finance in order to facilitate property purchases and rental property refurbishment and gross lending to August this year reached £1.79 Billion (GBP).

The research discovered a 25% increase in bridging loans taken out during 2013 and on average, a typical bridging loan used by property investors is around £220,000 (GBP), up 5% year on year with an average term of six months.

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Investing In Property Or Investing In Yourself?

Investing In Property Or Investing In Yourself?

Are You Getting The Property Investing
Results You Deserve?

Many people get involved in buying investment properties in the hope of either holding on to the property, renting it out and generating a healthy monthly rental yield or renovating the property and selling it on for profit. Many of these investors do this entirely by themselves without seeking the advice or experience of property investors and property professionals.

This is madness, you wouldn’t walk into Lord Sugar’s office and tell him he doesn’t know how to run a business, or visit a dentist who had never performed dental surgery before and ask them to pull out your very sore tooth?

I hope the answer was NO!

Going into property investing armed with nothing but determination won’t provide the financial return that you want, need or even deserve, going into property investing blind WILL lead to you making huge and costly mistakes.

To be a successful property investor you need to employ sound knowledge and demonstrate a few essential skills as well as more than a little financial acumen so that you can make successful decisions when examining property deals, when purchasing investment properties, or refinancing your existing rental property portfolio.

Education is the key to GOOD, PROFITABLE and ETHICAL property investment, knowing what to buy, where to buy, how to buy using other people’s money, how to control property without actually owning it, how to use lease options, when use instalment contracts, how to profit using rent to rent, the list could go on and on, but I think you get my point.

There are so many different strategies being used by property investors that it is difficult to keep up sometimes, however these different strategies become virtual goldmines for property investors when they invest in themselves and attend seminars, workshops, courses and property networking events.

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Buy-To-Let Remortgaging Eclipses Property Purchase Borrowing

Buy-To-Let Remortgaging Eclipses Property Purchase Borrowing

Buy-To-Let Remortgage Surge

Buy-to-let remortgages have witnessed a huge surge in demand during the second quarter of 2013, as existing landlords refinance to raise capital for further rental property purchases.

Remortgaging activity has eclipsed all other types of mortgage transactions covering multiple property types, other than granting new mortgages for buy-to-let property purchases.

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This is What 99% of Property Investors Do…

Everywhere you look there are still doom-laden forecasts for a property price crash. If you’re wondering what most property investors do when the market is all doom and gloom and everybody is panicking – it’s precisely this …

They do nothing about it and bury their heads in the sand.

But you can avoid this by learning how to successfully build a property business in ANY market and in ANY financial climate, regardless of the price of houses.

Interested?

London Ealing is Where Goals Are Achieved!

On June 22nd, our good friend, Matthew Moody is hosting a one-day event in London Ealing called “Cracking the Property Code Live!and it’s all about how you can build a profitable property business using the latest techniques and strategies that he will brain dump for you in an intensive event.

So if you’re thinking about starting a business in property or you’re already in property but things are not quite working out the way you want; you need to be at this event.

Tickets start from just £9.99 – get yours here

We are very much looking forward to attending as it’s going to be a great day with over 200 property investors there – selected exhibitors to help you with services – and of course, killer content from Matthew on how to build your property business the right way!

Make sure you get your ticket today

PS.
Remember that tickets start at just £9.99 for a full day of content – it really doesn’t get any better than that so don’t dilly dally as there are limited places available – book yours today! 

Matthew Moody

Matthew Moody

About Matthew Moody

Matthew Moody has been investing in property since 2004 and been involved in the HMO market, educating, sourcing, management and coaching people for over 9 years. 

From humble beginnings in Hull as the son of a policeman, he now owns a cash flow rich portfolio of £3.5 million (GBP) properties (the majority 6 bed+ HMO’s) and was instrumental in his last business (Millennia Property) for winning Letting Agent of the Year in 2010, managing over 600 units of property and taking control of over £16.5 million pounds (GBP) worth of property through instalment contracts and long leases. 

His mission is to make a difference in the property world and show people that you don’t have to struggle; you need to take the right action step-by-step to truly live out your dreams. 

Cracking the Property Code Live!

Cracking the Property Code Live!

Discover your outcome, prioritize your life and take massive action today!

 Results Action Purpose

 

Make sure you get your ticket today

 

The Event

Results – achieve the results you want in your property business

Purpose– know your purpose and why this is important to you

Action – take the right action to move your property business onwards and upwards

1 world class speaker

Cracking the Property Code Live is the culmination of 10 years in the making and brings the very best educator in the property sector to share with you his key to success.

Spend the day with Matthew Moody learning how to create a business that is profitable, sustainable and learn:
  • ◦How to understand if the path you are on is the right path for you
  • ◦How to choose two property strategies that work for you
  • ◦Which systems to use and which ones to ditch
  • ◦Which three marketing strategies you need to use
  • ◦How to have more time, and make more money

Exhibitors are:

  • Mir & Co Solicitors
  • HMO Tax
  • The Mortgage Practice

June 22nd 2013 – The London Ealing Hotel, DoubleTree Hilton – 09.00am – 05:30pm


Make sure you get your ticket today

Have you got your copy yet?

There has been a huge campaign to educate property investors to enable them to get the most from investing in property and the “Property Investor Roadmap” has certainly started a great deal of controversy among UK investors.

The content of the report, and the person who wrote it, are renowned for controversial views and to say that the report has caused a bit of a stir, would be a massive understatement!

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Mortgage Figures Show UK Rental Market Stronger Than Ever

Buy To Let mortgages account for 12.7% of the overall UK mortgage market, the highest ever recorded figure since records began, according to new figures released by the Council of Mortgage Lenders (CML),

UK Buy-To-Let Mortgages AT All Time High

UK Buy-To-Let Mortgages AT All Time High

The total number of active mortgages in the UK stands at 11.3 Million, and buy to let mortgages total 1.44 Million of these equivalent to 1 in 8 mortgages.

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UK Buy-To-Let landlords experience a stable 3rd quarter of 2012

  • 91% of UK Buy-To-Let landlords think that tenant demand in the UK is either stable or increasing.

    Rental Yields Up, Tenant Demand Up - UK landlords Are Happy!

    Rental Yields Up, Tenant Demand Up – UK landlords Are Happy!

The findings come from the latest Paragon Mortgages PRS Trend survey and a huge number of landlords surveyed reckon that tenant demand was either stable or growing.

  • Only 6% of landlords who took part in the survey said that, in their opinion, tenant demand was declining.

Landlords also reported an average property portfolio size of 12.5 properties in the third quarter. In terms of expectations, landlords anticipate this will increase to 12.9 properties in 12 months’ time.

  • Stable and healthy yields were achieved in the third quarter, with a reported average of 6.2%.
  • Professional landlords achieved a higher average yield than smaller-scale landlords, 6.6% compared to 5.2%.
  • Landlords are expecting to retain a stable yield for the foreseeable future, forecasting an average of 6.2% in 12 months’ time.

68% of landlords who agreed to take part in the survey said that their rental income had remained the same during the third quarter, whilst 27% said that rents had increased, just 5% of landlords had experienced a decrease in rent.

The average void period slightly increased to 2.8 weeks compared to 2.7 weeks in the 2nd quarter of the year, however void periods continue to remain low and have not exceeded three weeks since mid-2010.

Landlords are set to continue expanding their property investments in the final quarter of the year, with 16% planning to expand their rental property portfolios.

  • 58% are expecting to buy flats/maisonettes or terraced houses
  • 30% semi-detached houses
  • 21% are looking to buy detached properties.

John Heron, Managing Director of Paragon Mortgages, said: “It has been a stable quarter for landlords. Yields have remained healthy and at a consistent level for the past 12 months. It is not surprising that landlords are continuing to see high levels of tenant demand and I suspect this will continue into Q4 and the coming year. The PRS is under increasing strain with the growing shortage of homes in the UK, housing policy needs to focus more on motivating private landlords to grow their portfolios to better meet demand.”

Specialist Insurance can help landlords profit from property

Specialist Insurance can help landlords profit from property

An alarming number of small scale landlords, owning just a single rental property, who are experiencing increased void periods and growing rent arrears has doubled since the first quarter of 2012, according to research carried out by leading market research company, Business Development Research Consultants (BDRC Continental).

The results of the BDRC Continental survey show that 16% of single property landlords experienced increased void periods or growing rent arrears during the 2nd quarter of 2012, up from 8% in the first three months of 2012.

However, landlords with larger rental property portfolios are making healthy profits from the Private Rental Sector (PRS) as they maximise rental yields and take positive action to ensure a regular financial income, whilst keeping tenants happy.

Director of BDRC Continental, Mark Long, commented: “It is a tough time to be a private landlord if you have only one property in your portfolio. Over the last quarter, profitability has clearly taken a dive. Regardless of their size, there is no question the private rental sector relies on private landlords and, whilst a third may aspire to increase their property portfolio, they will only be able to achieve this goal and add to Britain’s privately rented housing stock if they can make a profit from that one property.”

Getting the best from property investment could be so much easier for the minority of small scale landlords if they would just educate themselves and take advantage of the specialist products and services developed to help them profit from property, such as Tenant Referencing, Rent Guarantee Insurance and specialist Landlord Insurance policies.

UK Private Rented Sector Survey by MyPropertyPowerTeam.co.uk

UK Buy To Let Landlords Want More Properties But Are Unable To Get Mortgage Finance

A new survey of Landlords in the Private Rented Sector (PRS) has discovered that only 20.2% ( 1 in 5 landlords) in the UK, were able to add fresh residential properties to their existing residential portfolio stock during 2011.

Property value growth expectations and the prospect of a regular income were the key drivers behind the property investment trend and only the lack of available mortgage finance, and/or financial know how, held back even more landlords from adding to their property portfolios.

Out of all the landlord insurance customers interviewed, 85% predicted that residential property values in the UK would remain the same for at least the next 12 months and private sector residential rents were expected to be considerably higher in 2013.

London led the way, after 87% of respondents said they believed that rents in the UK capital would continue to rise throughout 2012.

The data is from the PRS Landlord Survey carried out among subscribers by MyPropertyPowerTeam.co.uk during the last quarter (Q4) of 2011.

The data also showed that 59% of landlords have been investing for more than 5 years would hold onto their property until around the year 2025, however, the average holding period for UK PRS properties was around 15 years.

The appetite from property investors in the UK PRS for additional property assets is still extremely strong and the UK rental market is seeing demand outstrip supply as private tenants seek quality PRS accommodation. The current rental trend shows little sign of abating at present, despite all the UK Governments welfare reforms.

The UK Private Rented Sector is currently buoyed up by a growing population that is spending longer periods than ever living in rented homes, similar to the continental norm.

Landlords are making use of insurance products to protect their property assets and even Rent Guarantee insurance to ensure regular monthly rental income.

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There Will Never Be A Better Time To Invest In Property

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