Currently viewing the tag: "utility charges"
Landlords need to be aware of the energy efficiency of their rental properties

Landlords need to be aware of the energy efficiency of their rental properties

UK PRS landlords are being urged to check the energy efficiency of their rental properties that they want to let out before tenants commit to rent them, as it could save their tenants a substantial amount of money in the long term.

Landlords have stated that their tenants are becoming increasingly concerned with the extortionate cost of utility charges and many tenants have even used the information displayed on EPC’s to make the decision to go ahead with the let of more energy efficient rental properties.

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UK PRS Rental Yields Increase

UK PRS Rental Yields Increase

In the UK the combination of high tenant demand, increasing PRS rents and realistic vendor pricing of properties for sale has been a major driving factor behind the increase in Buy To Let rental yields.

Buy-To-Let rental yields increased from 6.1% to 6.7% over the last quarter of 2012, with the biggest jump in the private rented sector (PRS) coming from houses in multiple occupation (HMO’s) up from 9.2% to 11.1%.

A much needed increase in the availability of buy-to-let mortgages, as well as property investors seeing the benefit of buying high yielding low priced properties for rental purposes, outside of central London and the South East where rental yields had previously been squeezed, has been fuelling the growth.

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