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October, 2011
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UK Property Blog
Landlord Survey: Only 8% are Full Time Landlords
10/31/2011 9:55:07 AM
WebLetz a Cardiff Letting Agent is a provider of information and letting agent solutions to Cardiff Landlords and property investors across South Wales. Earlier this month saw the release of the Private Landlords Survey 2010 by the Department of Communities and Local Government
The key findings of these statistics are:
·         Eighty-nine per cent of landlords were private individual landlords responsible for 71 per cent of all private rented dwellings, with a further 5 per cent of landlords being company landlords responsible for 15 per cent of dwellings.
·         More than three quarters (78 per cent) of all landlords only owned a single dwelling for rent, with only 8 per cent of landlords stating they were full time landlords.
·         The majority (54 per cent) of dwellings met the Decent Homes Standard though this rose to nearly three-quarters (74 per cent) for those let by new landlords. Over two-fifths (42 per cent) of all dwellings have had an Energy Performance Certificate.
·         Fifty-one per cent of all dwellings were acquired since 2000, 25 per cent in the ten years between 1990 and 1999.
·         In terms of formal letting and management practices, nearly all landlords and agents (97 per cent) made use of a written tenancy agreement, with 91 per cent requiring a deposit, and 84% requiring tenants to provide a reference.
·         Almost half (47 per cent) of all landlords were happy to rent to tenants on Housing Benefit (HB) or the Local Housing Allowance (LHA), with a further 21 per cent saying they would be encouraged to do so if payments were not made direct to the tenant.
·         In terms of issues considered a serious problem, 18 per cent of landlords or agents stated issues related to HB or the LHA, and 10 per cent the level of HB in the area. Issues not considered a problem by landlords were low demand (82 per cent), mortgage payments (76 per cent) and finding reliable builders (73 per cent).
·         A third (33 per cent) of landlords and agents, who had heard of the Housing Health and Safety Rating System reported that 58 per cent of the dwellings they were collectively responsible for had received some form of assessment for potential hazards.
WebLetz a Cardiff Letting Agent aim is to keep Cardiff Landlords up to date with the latest news and information that affects their Cardiff property portfolio as well as providing cost effective letting agent solutions and Cardiff property services.
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time
Student Landlords: Applications for Welsh Universities Down 12.3 per cent
10/28/2011 2:55:03 PM
WebLetz a Cardiff Letting Agent and provider of information and letting agent solutions to Cardiff Landlords and property investors across South Wales have delved deeper into the latest figures provided by University and Colleges Admissions Service (UCAS) to assess the outlook for Student Landlords in Cardiff and across Wales. 
It has been well documented in the press that the potential tripling of course fees to £9000 per year at some universities has resulted in a 9% drop in University applications for 2012. So how what are the figures for Welsh University towns?
WebLetz a Cardiff Letting Agent has been reviewing the data posted on the UCAS website and Welsh universities have seen a 12.3 per cent fall on applications from last year compared to English Universities seeing a 9.1 per cent fall, Scottish universities a slight fall in applications of 1.1 per cent and universities in Northern Ireland seeing a minimal increase in applications of 0.1 per cent on 2011. On the plus side Welsh universities have seen an 11.8 per cent increase in applications from Non EU applicants.
For a long time student accommodation has represented the best performing sector for landlords, with strong levels of demand, full occupancy levels and good prospects for rental growth, student landlords have seen a great return on their investment. As a Cardiff Letting Agent we have been helping Cardiff landlords with our £120 Cardiff tenant finder service and 5% Cardiff property management fees.
However, a decline in student applications coupled with a surge in the number of undergraduates intending to go to a local university to save money could lead to a situation where there aren’t enough students to support the buy-to-let market in some university towns.
With Cardiff University recognised as one of Britain's major teaching and research universities with an international reputation for the quality of its work which still attracts staff and students from around the world that coupled with the University Hospital Wales and Cardiff Metropolitan University (UWIC) there is sure to still be a high demand for quality Cardiff property and student housing in the Welsh capital and a need for Cardiff Letting Agent services.
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time
Welsh House Prices down 5.8%
10/28/2011 12:20:06 PM
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions and Cardiff Property Services for Cardiff landlord and property investors across South Wales. Our aim as Cardiff Letting Agents is to provide a cost effective alternative to the traditional lettings agents’ model by providing a low cost, fixed price tenant finders and property management services.
Today, Friday 28th October 2011 has seen the release of the Land Registry House Price Index which has seen Welsh house prices drop a hefty 5.8 per cent from this time last years and a monthly change of down 1.7 per cent resulting in an average house price of £117,813 across Wales. The overall situation across England and wales as a whole is less dramatic with England and Wales combined seeing an annual fall of 2.6 per cent and a monthly fall of 0.3% with today’s average house price being £162,109.
How have Welsh house prices faired compared to the other regions across England? The only region to experience a positive annual price change is London with a movement of 2.7 per cent. The region with the largest annual price fall is the North East with a movement of-8.2 per cent. The North West saw the greatest monthly price rise with a movement of 1.0 per cent. The North East is the region with the most significant monthly price fall with a movement of -3.9 per cent.
Most Welsh regions have seen a fall in house prices with Bridgend seeing the largest annual fall of 9.6 per cent and Cardiff seeing a 2.9 per cent fall from this time last year with the average house price in the Welsh capital being £142,817. The only Welsh region to have bucked the trend is Merthyr Tydfil which saw a 1.9 per cent annual gain with the average house price now £73, 468.
WebLetz a Cardiff Letting Agent aim is to keep Cardiff landlord and property investors across South Wales up to date with the latest news and information that affects their property portfolio as well as providing cost effective letting agent solutions and Cardiff Property Services.
WebLetz a Cardiff Letting Agents provides a host of letting agent solutions for landlord in Cardiff and across South Wales including:
·         £120 tenant finders service
·         5% property letting management fee
·         Rent Guarantee and Rental Income Insurance
·          HMO tenant finders and property management services
 
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk or by telephone 0845 496 0000.
Why not visit Cardiff Letting Agent to register for our FREE guides:
·         Find the  Perfect Tenant for free
·         Reduce Void Periods and Receive Rent on Time
Landlords Warned over New HMO Rental Rules
10/27/2011 10:27:23 AM
Landlords who rent out homes to students or large groups of other people have been warned not to get caught out by new House of Multiple Occupancy( HMO) rules.

The Association of Residential Letting Agents (ARLA) has said that many local authorities have indicated their intention to change the rules surrounding homes inhabited by groups of unrelated people, known as Homes in Multiple Occupation (HMO).

Until last year, landlords only had to apply for an HMO licence if the property had six or more unrelated tenants with shared amenities such as a bathroom or kitchen over three levels.

However, the rules – known as Article 4 – now cover any home with three to six tenants who share common facilities.

 
Cardiff HMO landlords can find all the information they need relating to HMO licensing and additional HMO licensing in the Cathays area of Cardiff, by following the link to Cardiff Council HMO pages
 
WebLetz a Cardiff letting agent and Cardiff property agents offer low cost, fixed price fees on residential sales, lettings and property management. WebLetz a Cardiff letting agent and its letting agent solutions is helping to cut the cost of bringing Cardiff landlords and Cardiff tenants together, buy finding Cardiff tenants quickly and efficiently for Cardiff homes, Cardiff houses, Cardiff flats and Cardiff apartments.
 
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time
The Murky World of Estate Agent & Letting Agent Fees
10/27/2011 10:02:07 AM
With house prices stagnating, high unemployment across Great Britain an uncertain outlook for the UK economy, and month on month rent increase Estate Agent & Letting Agent Fees are coming under more and more scrutiny.
The Guardian published an article on 25th October 2011 talking about the partners at Knight Frank sharing a £73 million bonus and how agents such as Foxtons are not willing to negotiate below 2.5% on sales fees even though the UK property market has taken a hit.
General consensus is sales fees range from 0.75% to 2.5% with the national average coming in at around the 1.8% fee to sell a property in the UK.
WebLetz a Cardiff Letting Agent and Cardiff property agents our approach is different; we are a firm believer in offering a low cost, fixed price on residential sales, lettings and property management.  
 
WebLetz letting agent solutions are helping to cut the cost of bringing Cardiff landlord and tenant together, by finding your perfect tenant quickly and efficiently for Cardiff homes, Cardiff houses, Cardiff flats and Cardiff apartments.
 
WebLetz a Cardiff Letting Agents provides a host of letting agent solutions for landlord in Cardiff and across South Wales including:
·         £120 tenant finders service
·         5% property letting management fee
·         Rent Guarantee and Rental Income Insurance
·          HMO tenant finders and property management services
 
WebLetz a provider of lettings in Cardiff can be contacted via email info@webletz.co.uk or by telephone 0845 496 0000.
Why not visit Cardiff Letting Agent to register for our FREE guides:
·         Find the  Perfect Tenant for free
·         Reduce Void Periods and Receive Rent on Time
 
 
We have tenants available and looking for properties across Cardiff including Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen, Lisvane, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Barry, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays
 
Demand for Buy-To-Let Mortgages Booming says Bank of England
10/23/2011 4:22:28 PM

Demand for buy-to-let mortgages has increased significantly in recent months as landlords rush to cash in on the continuing boom in rental prices, according to the Bank of England. The scramble to purchase rental properties is even leading would-be buyers to put in sealed bids in some areas of the south-east.


In its latest Trends in Lending Report the Bank said most major UK lenders reported demand for buy-to-let lending continuing to increase over the summer, reflecting rising rental yields.


 


 

WebLetz one of Cardiff’s leading Lettings Agents provides cost effective landlord solutions in Cardiff and across South Wales.

 

As a leading Cardiff Lettings Agent our aim is to proactively find your next tenant in the shortest possible time looking to cut void periods and maximise your rental income on your buy to let property investment.

WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time

 We have tenants available and looking for properties across Cardiff including Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen, Lisvane, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays
Free Cardiff Tenant Finder Service
10/20/2011 10:31:10 AM
That’s right; its true WebLetz a Cardiff Letting Agent is offering to find Cardiff tenants for landlords for free!
Where’s the Catch?
 
First of all there is no catch; all you have to do is follow these simple steps to find your next tenant for your Cardiff buy to let property absolutely free of charge!
 
 
1.     Click on the link for our Contact Form
2.     Complete the form with your name, telephone, email and property location
3.     Select “Free Tenant Finder” from the drop down menu
4.     Wait for a call from one of team to arrange a rental appraisal
 
Why?
 
It’s simple it all boils down to supply and demand. We have too many tenants waiting for properties in Cardiff and not enough landlords to supply tenant our demand.
 
So if you are a Cardiff Landlord and looking for a FREE and efficient way to find a tenant for your rental property, why not follow our 4 simple steps to find your next tenant for free!
 
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time
Brokers report rise in Buy To Let business in Q3
10/17/2011 11:35:42 AM

Buy-to-let mortgages accounted for the highest proportion of brokers’ business in Q3 since Paragon Mortgages started recording the data at the beginning of 2007, research from the lender has revealed.

Buy-to-let deals accounted for 24.3% of mortgages processed by intermediaries in Q3, up from 20% in Q2.


Residential owner-occupier mortgages accounted for 66.6% of intermediary business, down from 72.2% in the previous quarter.

The survey also reveals that 43% of brokers reported an increase in buy-to-let business levels, compared to 7% who said business levels fell.

On average, intermediaries saw a 3.1% rise in buy-to-let business in Q3.

In addition, 58% of respondents said the availability of buy-to-let finance improved in Q3, while 31% said it stayed the same.

John Heron, managing director at Paragon, says: “It is positive to see that buy-to-let accounted for a growing percentage of intermediaries’ overall business levels during Q3.

“Given the pressures on the private rented sector, it is important that landlords continue to be active purchasers and develop their portfolios.”

He adds that there are plenty of opportunities for brokers to further develop their buy-to-let business, but argues more needs to be done to deliver products and advice to large-scale landlords.

WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time
 
 
We have tenants available and looking for properties across Cardiff including Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen, Lisvane, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays
Supermarket 'law shops' to sell conveyancing services
10/17/2011 11:14:45 AM

Following a change in law, consumers will soon have access to a far greater choice of legal service providers - as companies such as supermarkets and banks will be allowed to start selling legal services for the first time.


Critics say the new Legal Services Act, which they have dubbed the "Tesco Law", threatens to push out many smaller high street legal firms and undermine the quality and independence of advice. The Government, on the other hand, claims the change will introduce healthy competition; offer purchasers of new homes, first-time buyers and other house hunters more choice and better value; and help further boost the profile of the UK as a first-class legal services market.

 


 
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time

 
 

We have tenants available and looking for properties across Cardiff including Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen, Lisvane, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays
Buy to let mortgage products in the UK rise by a quarter
10/12/2011 8:19:49 PM

The total number of buy to let mortgages on the UK market has risen for the third quarter in a row and is now 26% higher than in the second quarter, according to broker Mortgages for Business.


The total average number of buy to let mortgage products currently on the market stands at 508 compared to 403 in the previous quarter. There was one new entrant to the lending market over the last three months taking the total number of BTL lenders to 23.

 

 The rise in products and lenders is a result of the race to keep up with the demand from buy to let investors as property prices wane and rental demand grows. Despite growth in the number of owner occupier mortgages and loans suitable for first time buyers, demand for rental property continues to push rents higher and drives the growth of average yields.

 

Complex buy to let deals continue to provide the best yields for professional investors. However, new products introduced over the last quarter aimed at investors looking to purchase smaller Houses in Multiple Occupation (HMO) have caused yields for this type of property to fall slightly.

 

The average yield for HMOs is now 9.3%, down from 10% in the second quarter. These new products have also caused average LTVs for HMOs to rise to 66% from 60% and average loan sizes to fall from £321,836 in the second quarter to £292,969 now.

 


 
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time

 
 

We have tenants available and looking for properties across Cardiff including Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays
How Safe is your Rental Income?
10/12/2011 2:10:31 PM

UK unemployment rose by 114,000 between June and August to 2.57 million, a 17-year high, according to official figures.


The Office for National Statistics (ONS) said the unemployment rate also increased to 8.1%.

The unemployment total for 16-24 year olds hit a record high of 991,000 in the quarter, a jobless rate of 21.3%.

The number of people out of work and claiming benefits rose 17,500 to 1.6 million in September.

Other figures showed a record cut in the number of part-time workers, down by 175,000, and there was also a record reduction of 74,000 in the number of over-65s in employment.


The Employment Secretary, Chris Grayling, said that what the UK was now seeing was "the impact of the international financial crisis".


 Read the full BBC article here


With UK unemployment reaching a 17 year high and rents continually rising, how safe is your rental income?

Landlords are you setting aside a proportion of your monthly rental income to ensure you can pay your buy to let mortgage if your tenant falls behind with the rent or you have to “write off” void periods, pay legal and eviction costs?

An alternative hassle free way to rent out your buy to let investment property is our rent guarantee scheme. With no agency fees or set ups costs we guarantee you a rental income each month of the tenancy agreement, with no void periods or chasing rent.

Why not rent your property hassle free visit www.rentguaranteecardiff.com for more information.

WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time

 

Cardiff Tenant Sunday Viewings
10/11/2011 7:54:56 PM

 As well as cutting the cost of connecting Cardiff landlords with tenants we are also extremely proactive and aim to ensure South Wales landlords gain maximum rental income for their buy-to-let properties by minimising the number of days a property is empty and without a tenant.


How?


As well carry out viewings in the evenings we also carry out viewings on a Sunday, so we are working harder to find tenants quicker than our competitors.




 


£120 Risk Free Tenant Finder Service


So for £120 with no upfront costs we:



  • Provide a rental appraisal 
     
  • Market your buy-to-let property on major property portals, web & social media 
     
  • Carry out accompanied viewings during the evening, Saturday and Sunday 
     
  • Full tenant referencing & selection service 
     
  • Provide legal documentation and tenancy agreement 

     
     

With no upfront costs you do not pay a penny until we secure your next tenant.


      
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time



 


We have tenants available and looking for properties and house, flats, apartments across Cardiff in the areas such as Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen, Lisvane, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays

Location is Key for Buy To Let Investors
10/11/2011 7:48:54 PM

If you are looking to invest in the buy to let market then location must be your number one consideration

We would advise and potential landlord and buy to let investor the best place to buy property is somewhere with strong current and future on going tenant demand.

Locations must be attractive to house-buyers as well as potential clients, to ensure capital gain as this will push the price of the asset higher in the years to come and well as offering healthy yields.

Key factors to look at when deciding upon location include regeneration; jobs and transport and it has been stated in earlier posts buying in established university towns is always a safe investment.

WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:

·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time


 



 


 We have tenants available and looking for properties across Cardiff including Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays
Student Housing Valuable Asset Class
10/11/2011 7:37:37 PM

With the new academic year under way buy to let investors mortgage are looking at student accommodation for a sound return.


 Knight Frank head of residential research Liam Bailey said this real estate "has been classed as being quite an attractive option for a lot of investors".

If you are looking to invest in the student buy to let market then look to cities which are home to "bigger, higher profile universities". Look to cities such as Oxford, Cambridge, Manchester, London and Cardiff.

He explained this is because of an undersupply of properties and a "huge demand" caused by people from overseas trying to find a place to stay.

The educational institutions seeing the highest rises in student numbers should be sought after, Mr Bailey declared.

His comments echo a report from Savills, which asserted the asset class of student housing is becoming increasingly polarised.

Developers and investors were advised by director of research at the firm Yolande Barnes to look at the market and academic prospects at "a highly localised level" to determine a site's long-term viability.

 

WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
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Reduce Void Periods and Receive Rent on Time

 We have tenants available and looking for properties across Cardiff including Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays

Wales Sees Fastest Month on Month Rental Increase
10/6/2011 9:20:27 PM

Rents saw their largest monthly increase in a year in August, rising by 1.2% to an average of £713 per month, according to the latest buy-to-let index from LSL Property Services.

The average rent in England and Wales in August surpassed the previous record high of £705 in July.

 Arrears also increased, for the first time since April, with 10.7% of all rent unpaid or late by the end of August, up from 9% in July.
 
Unpaid rent totalled £300m in August, up 19.5% from £251m in July, but LSL says an August rise in arrears is a seasonal phenomenon.
 
On a monthly basis, rents increased fastest in Wales and the South-East, where they rose by 2.1%.
 
The next biggest increases were in London and the South-West, where they rose by 1.5% and 1.3% respectively, putting average rents in London at a new high of £1,025 per month.
 
Rents only declined in the Midlands compared to July, falling by 0.4% in both the West Midlands and the East Midlands.
 
The average yield across England and Wales was 5.2% in August, while the average total return was 2.6%.
 
David Brown, commercial director at LSL, says: “We are in the thick of the busiest time of year for the rental market, and red-hot demand for properties is driving rents up at their fastest monthly pace in the last 12 months.
 
“Recent graduates moving for their first jobs have further exaggerated the long-term and growing demand from frustrated buyers.
 
“With significant improvement in the number of buyers able to secure a mortgage unlikely in the foreseeable future, competition for rental accommodation will not drop and further rent rises remain on the cards.”
 
 
Brown says that new property investors are being drawn to the market by rental income and yields rather than thoughts of immediate capital gains.
 
He adds that while summer holiday spending can be used to account for the rise in arrears in August, rising rents and inflation are taking their toll on tenants.
 
 
Brown says: “While we expect arrears to fall back into line in the short term, the growth is indicative of the mounting pressure facing tenants. With rents rising so quickly, soaring inflation and an uncertain economic outlook, over the long term we anticipate that rental arrears will become a growing financial problem for landlord.”
 
WebLetz a Cardiff Letting Agents provides a host of letting agent solutions for landlord in Cardiff and across South Wales including:
·         £120 tenant finders service
·         5% property letting management fee
·         Rent Guarantee and Rental Income Insurance
·          HMO tenant finders and property management services
 
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk or by telephone 0845 496 0000.
Why not visit Cardiff Letting Agent to register for our FREE guides:
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We have tenants available and looking for properties across Cardiff including Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen, Lisvane, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Barry, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays
Post Office Slashes Mortgage Rates
10/6/2011 9:19:06 PM

Competition in the mortgage market intensified today after the Post Office slashed rates on a range of "first-time buyer friendly" products.

The biggest cut is on a three-year fixed-rate deal requiring a 10% deposit, with the lender's interest rate dropping from 5.99% to 4.75%.

It is withdrawing from the buy-to-let market for the time being so it can focus efforts on first-time buyer, movers and remortgage customers.

Read the full article in the Independant


WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:

·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time


WebLetz a Cardiff Letting Agent has tenants available and looking for properties across Cardiff including Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen,Lisvane, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays




 






 

Kensington pulls 85% BTL and 90% residential deals
10/6/2011 9:15:29 PM

Kensington is pulling its 85% LTV buy-to-let deals and its 90% LTV residential mortgages tonight.

A spokesman for Kensington, says: “Kensington had a record breaking month in August, lending more than in any other month since our return to the intermediary mortgage market in 2009 and continuing the strong growth we have seen in 2011.

“As a consequence, we are nearing the end of current tranches on certain products and, in order to maintain consistency of service for our intermediaries, we are temporarily withdrawingthese products from our range.

“We are already working on new products with great rates and criteria that we expect to launch shortly.”

Kensington increased its LTV to 85% from 75% in February and launched its 90% LTV deals in May.

It will still offer 80% LTV on its buy-to-let deals and 85% LTV on its residential range.

WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time



We have tenants available and looking for properties across Cardiff including Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen,Lisvane, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays




 






 

Landlords Are You Protecting Your Tenants Deposit?
10/6/2011 6:53:42 PM

Landlords should wish to ensure they protect their tenants' deposits following advice from the housing charity Shelter.


Principal solicitor at Shelter John Gallagher said during a BBC Money Box podcast that this ought to be done within 14 days of receiving the money.


He noted that last year, Shelter dealt with 4,000 cases where tenants had either not been notified that their landlords had protected their deposit or situations when this did not occur at all.

 

He added: "This is only discovered when it comes to the end of the tenancy and that's where the problem comes into place."





"There is no penalty for the landlord not protecting the deposit" at this time, Mr Gallagher continued.

 

You can find information about Government backed schemes here:






Unpaid rent and cleaning costs are the most popular reasons for landlords to withhold this money, recent research from mydeposits.com indicated.
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlords in Cardiff and across South Wales including:
·         £120 Professional Tenant Finders service
·         5% Property Management  fee
·         Rent Guarantee and Rental Income Insurance
·         HMO tenant finders and property management services
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk  or by telephone 0845 496 0000.
 Why not visit Cardiff Letting Agent  to register for our FREE guides:
Reduce Void Periods and Receive Rent on Time

 


 
We have tenants available and looking for properties across Cardiff including Adamsdow, Splott, Tremorfa, Roath, Llanedeyrn, Cyncoed, Penylan, Rumney, Llanrumney, Trowbridge, St Mellons, Plasnewydd, Pentwyn, Pontprennau, Llanishen,Lisvane, Rhiwbina, Pantmawr, Coryton, Tongwynlais, Morganstown, Radyr, Radyr Court, Fairwater, St Fagans, Llandaff, Ely, Caerau, Culverhouse Cross, Canton, Leckwith, Grangetown, Cogan, Llandough, Penarth, Dina Powys, Cardiff Bay, Butetown, Gabalfa, Llandaff North, Thornhill, Heath, Maindy and Cathays















 




 






 




 










 




 






 




 


















 

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