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October, 2011
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UK Property Blog
Word of Mouth a Powerful Channel for Cardiff Lettings Agent
11/25/2011 11:08:50 AM
We have a very good relationships with many of the tenants of the Cardiff property we manage in particular a great bunch of guys who are Cardiff students  living in a House of Multiple Occupation (HMO) just off Whitchurch Road.
While visiting them this week two of the tenants  mentioned they have friends looking for property in the area, three separate groups looking for a 3 bedroom property, 4 bedroom property and a group looking for a 5 bedroom property ideally in located along Whitchurch Road, or one of the side streets such as “The Colonies”.
Then it dawned on me when I left this particular property on Australia Road, I looked up and down the street and saw a variety of Cardiff lettings agent boards, in particular one property directly across the road which is being advertised by two Cardiff property agents and has been available for rent since June this year.   But why haven’t they been let when I have just been told of three separate groups looking for similar?
 
With all the marketing channels that exist such as online property portals and social media have many of us become too reliant of these as the only source for tenants and landlord leads?
 
As a Cardiff lettings agent we believe our local knowledge and the relationships we have forged with landlords and tenants coupled with our competitive, fixed price approach means our tenant finders service and property letting management is the perfect solution for connecting landlords with their perfect tenant.
 
WebLetz is a property letting management company that is helping to cost the cost of connecting landlords and tenants across Cardiff and South Wales.
 
We can be contacted via info@webletz.co.uk or telephone 0845 496 0000.
Rent in Cardiff or Buy?
11/21/2011 2:09:56 PM
The Nationwide House Price Index for October 2011 recorded the average Cardiff house price at £204,599 and according to Cardiff Council research the average Cardiff household income equates to £31,829 per annum. The cost of the average Cardiff house is now 6.4 times the average Cardiff household income.
So is a citizen of the Welsh capital better to rent in Cardiff or Buy a property in the principality?
Let’s look at the figures, to purchase the average Cardiff house with a 80% Loan to Value (LTV) mortgage a buyer would need a 20% deposit which equates to £28,563.40 and will then have to pay the taxman 1% of the cost of the property as a “Stamp Duty” which is a further £2,045.99 (Although first time buyers are exempt up to £250,000 threshold applies from 25 March 2010 up to 24 March 2012 inclusive) and then added to the equation is the lenders arrangement fees from £499 to £1995.
So to purchase an average house in Cardiff a figure ranging between £31,108.30 to £32,604.39 is needed before any legal fees, surveyors fees and removal costs are taken into consideration take the figure up to a ball park £35,000, no wonder the average age of a first time buyer in the UK is now 43, what hope have you got it you have left university with a large loan for tuition fees?
So now you have your thirty something thousand pounds saved and armed with your 80 per cent Loan to Value fixed rate mortgage you can expect to pay rate circa 3.5% if you have a squeaky clean financial track record which equates to a monthly repayment of about £587
 
As a Cardiff lettings agent we are still seeing a trend of rising rent prices even though we are entering the so called “quiet period”, but what can you expect to pay per calendar month?
 
Cardiff Rent, How much will you pay?
One bedroom              Average rent £494 per calendar month
Two bedrooms                        Average rent £619 per calendar month
Three bedrooms          Average rent £575 per calendar month
Four bedrooms                        Average rent £999 per calendar month
Five bedrooms                        Average rent £1,251 per calendar month
 
As you can see a family with two children requiring a 3 bedroom property can look to pay £575 per month to rent in Cardiff and not have the hassle of the structural up keep of their home or have to worry about the heating packing up, they can leave the hassle and stress to the landlord or their property letting management company, or having saved their thirty thousand something pound pay £587 to own their own home.
 
WebLetz is a Cardiff Letting Agent and provider to information to Cardiff landlord and tenant across Cardiff, Wales and the UK.
 
Webletz a Cardiff Letting Agent can be contacted via email info@webletz.co.uk or by telephone 0845 496 0000.
 Why not visit Letting Agent Cardiff to register for our FREE guides:
Finding the Perfect Tenant
Reduce Void Periods and Receive your Rent on Time
 
Landlord don’t Get Fined for Breaching Gas Safety Regulations
11/18/2011 10:25:07 AM
Landlord don’t get fined for breaching Gas Safety Regulations because you could end up with a hefty fine for failing to fulfil your responsibilities as a landlord.
A fine of £3,000 has been imposed and a landlord ordered to over £2,000 in costs for breaching Gas Safety regulations and failing to fulfil their responsibilities to their tenant
A Huddersfield landlord their tenant at risk by ignoring repeated warnings to have the gas appliances in the property safety-checked, the Huddersfield landlord ignored several requests by the local council and the Health and Safety Executive (HSE) between May 2010 and March 2011 when requested to provide a Gas Safety certificate and also failed to respond when served with an Improvement Notice.
 
Dr Angus Robbins an HSE Inspector who investigated this specific case said “In addition to the risks of fires and explosions from faulty gas appliances, many people are made ill, and some 20 people die from carbon monoxide poisoning every year owing to poorly-maintained gas appliances.

Dr Angus Robbins went onto say
Landlord duties are very clear – they must ensure gas appliances are checked for safety by a Gas Safe registered engineer and provide their tenant with a copy showing that the appliances and flues were operating safely at that time. HSE will not hesitate to bring Landlord before the courts when they are prepared to risk their tenants’ safety for financial gain.”

Paul Johnston, chief executive of Gas Safe Register, said:

“It is important for
landlord to meet their responsibilities and for tenants to know their rights when it comes to gas safety. If there are gas appliances in a property they need to be maintained properly by a suitably qualified Gas Safe registered engineer and have an annual safety check. An up-to-date Gas Safety Record should always be available and tenant  should ask to see if it they do not have a copy.”
 
WebLetz a Cardiff Letting Agent provides a host of letting agent solutions for landlord in Cardiff and across South Wales includinng:
 
·         £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 lettings 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:
 
·         To finding the Perfect Tenant
·         Reduce Void Periods and Receive your  Rent on Time
High Cardiff Tenant Demand in Canton
11/15/2011 11:56:36 AM
That’s right Cardiff landlord  at WebLetz a Cardiff lettings agent we are experiencing extremely high Cardiff tenant demand in Canton, for all property sizes with a huge demand for 3 bedroom properties which are highly desired by Cardiff tenant with families wishing to live in Canton.
 
We are looking for Cardiff landlord with properties of all sizes in Canton, Cardiff. At present the average rental income are as follows:
 
·         1 bedroom £492 pcm
·         2 bedroom £653 pcm
·         3 bedroom £792 pcm
·         4 bedroom £997 pcm
·         5 bedroom £1,246 pcm
Canton is an inner city district located in west Cardiff and about 2 miles (3.2KM) outside of Cardiff City Centre. Canton is one of Cardiff’s most ethnically diverse suburbs and home to a significant Asian population
 
High Cardiff tenant demand in the Canton area of the Welsh Capital is caused by a number of factors.
 
 WebLetz a Cardiff lettings agent believes Canton offers a vibrant and bustling shopping district which is home to supermarket giants, high street brands and small quirky sole traders alike, all the shopping you need on your doorstep.
 
Canton is also only a short walk away from the Capital Retail Park in Leckwith where you will find the Cardiff City Stadium (home to the Cardiff Blues Rugby Team and Cardiff City Football team) which hosts live sporting action, including international fixtures and live music concerts. As well as sport the Capital Retail park boats excellent retails outlets, fitness and casinos.
 
Webletz a Cardiff lettings agent is extremely familiar with Canton which boasts some of the City’s best green spaces with Victoria Park Victoria Park, Thompson's Park, Llandaff & Pontcanna Fields only a short walk away, so there is plenty of open space for a relaxing walk on the weekend or for a more energetic “kick about” with the kids.
 
Canton also boosts excellent transport links with numerous buses travelling through the district to the Cardiff City Centre, also the A48 and M4.
 
Canton is home to a number of Schools including Lansdowne Primary School, Severn Primary School, St Mary's Rc School, Radnor Primary School, Ysgol Gymraeg Treganna , Ysgol Gymraeg Pwll Coch and Fitzalan High School. It also has the large Canton Library.
 
WebLetz a Cardiff lettings agent provides a host of letting agent solutions for landlord in Cardiff and across South Wales including:
 
·         £120 Professional Tenant Finders service
·         5% Property Management Services 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:
 
·         To Finding the Perfect Tenant
·         Reduce Void Periods and get your Rent Paid on Time
 


Pre-Referenced Tenant
11/11/2011 11:56:32 AM
WebLetz a Cardiff Letting Agent and provider of low cost, fixed price letting agent solutions such as £120 professional tenant finders, 5% property management and rent guarantee are also very selective about which potential tenant they show around you buy to let and investment property as we have a process in place of ensuring all enquiries result in a pre-referenced tenant.
 
From a landlords perspective it’s important to reduce void periods and gaps between tenancy agreements, but it is also equally as important to ensure you get the right tenant who is going to pay the rent on time each month and treat your property with respect that why every prospective tenant registered with WebLetz a Cardiff Letting Agent is a pre-referenced tenant.
 
That’s why WebLetz a Cardiff Letting Agent ask every tenant who contacts us regarding one of our rental properties to complete a short “tenant registration” form. Part of this form asks a tenant to provide the name and contact detail of their last two landlords and we request their permission to contact their previous landlord for a reference before they even view one of properties.
 
WebLetz a Cardiff Letting Agent tenant referencing is a unique approach and ensures we provide our Landlords with the full picture which you wouldn’t get from a referencing agency enabling us to ascertain how a tenant may conduct themselves throughout a tenancy agreement. We have found landlords can give a one hundred per cent unbiased and informative opinion as they have had one to one experience in dealing with the tenant at first hand.
Why do we pre-reference tenant before a property viewing?
We only want the best tenants available for our landlord’s property so by referencing before we show a property we are straight away able to “separate the wheat from the chaff” freeing up more of our time to concentrate on desirable tenants with no skeletons in the closet who are not going to slow the process up. 
We have found that referencing up front results in a more efficient rental process giving piece of mind to landlords in Cardiff and across South Wales. Referencing prior to viewings removes tenants who have had disputes with landlords at the first stage of the rental process, not just before a tenancy agreement is about to be signed. Our method of referencing produces a reduction in the time to find a tenant for your property and results in a hassle free tenancy.
 
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
How Optimistic are you about the Welsh Buy to Let Market?
11/10/2011 12:29:12 PM
Webletz a Cardiff Letting Agent and provider of information and letting agent solutions to Landlords across Cardiff and South Wales has put together a short survey to gauge the sentiment of Welsh landlords and property investors over the next 12 months.
 
The press, property websites and journals are all singing and dancing about the optimistic outlook for UK landlords when everybody else in the UK is taking a more pessimistic view over the next 12 months.
WebLetz a Cardiff Letting Agent would be grateful if you could you take a few moments complete the short email survey? Each completed survey will be entered into a prize draw to win the following:
1St Prize                                Free property advertising on Zoopla for 12 months
2nd Prize               Advertise 2 properties on Zoopla until let
3rd Prize                Advertise 1 property on Zoopla until let
Please could you complete our quick survey by Friday 18th November 2011 as the price draw will be made the week commencing 21st November? (Subject to reviewing at least 200 participants)
All participants will receive a free report with the findings of the attached survey. Thank you in advance for completing our survey.
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
Charge More Work Less the Letting Agent way
11/8/2011 3:25:06 PM
Webletz a Cardiff Letting Agent, Cardiff Property Management Company and provider of letting agent solutions and information to Cardiff Landlords and Cardiff Property investors believe in being open and transparent with its fees and offer a host of landlord solutions that aim to cut costs, reduce void periods and maximise rental returns.
We are experiencing uncertain times with high unemployment, drop in real earnings, UK consumer confidence is low, house prices faltering and economy flirting with dropping back into recession, yet there is one part of the economy that is booming, the rental market.
Historic rental data obtained from the Department for Communities and Local Government relating to local authority average weekly rents has shown a dramatic increase in rent being paid starting at £44.14 per week in 2000 to £64.78 per week in 2011 a 46 per cent increase in UK local authority weekly rent payments. (Chart 705 to view data )
Although, data for the private rental sector in the UK is hard to come by one thing is sure the average weekly rent paid to a private landlord is higher than that paid to local authority providers.
So where are we going with this? Your average high street lettings agent is probably receiving a fee at least 46 per cent more than they would have done for the same rental property in 2000, but have had to do less legwork. The internet era has drastically cut the investment needed in marketing a property as letting agents no longer need to spend time and effort preparing brochures and local newspaper advertisements. Do you know of any other industry that can charge 46 per cent more for doing less work, just because of market prices?
The birth of the internet, property portals and social media has made our job easier as a Cardiff Letting Agent. The internet age has enabled us to attract the very best tenants more effectively and efficiently and therefore we are able to pass on these saving to Cardiff landlords and property investors throughout South Wales by offering a number of low cost, fixed price letting agent solutions and landlord solutions and 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
One Third of the Average Household Income Needed to Pay Cardiff Rent
11/7/2011 11:24:37 AM
Webletz a Cardiff Letting Agent, Cardiff Property Management Company and provider of information to Cardiff Landlords and Cardiff Property investors has been looking into how much of a the average Cardiff household income is absorbed by the cost of the average monthly rental in the Welsh Capital.
In today’s rental market we are seeing rental prices increase month on month, so how much longer can this trend continue before the price to rent an average Cardiff property is no longer sustainable by the average Cardiff household income?
WebLetz a Cardiff Letting Agent research suggests there are 3,273 Cardiff Properties to rent and 1,083 of those listed in the last 14 days, with the average Cardiff rent equating to £908 per calendar month. Cardiff rents can be broken down as follows:
·         1 bed property £505 pcm
·         2 bed property £651 pcm
·         3 bed property £789 pcm
·         4 bed property £1008 pcm
·         5 bed property £1303 pcm
 
 
The number of Cardiff property to rent by price is:
 
·         <£250 pcm 62 properties
·         £250-£500 pcm 507 properties
·          £500-£1000 pcm 1.756 properties
·         £1000-£2000 pcm 832 properties
·          £2000-£5000 pcm 109 properties
·         £5000+ pcm 7 properties
Cardiff Council estimates the average Cardiff household income to be £31,829 per annum (Cardiff Household Income data supplied by Cardiff Council)  suggesting that 34 per cent of the average Cardiff household earnings is needed to pay the average rent in the Welsh capital.
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 of the Week
11/4/2011 3:46:45 PM
Every week WebLetz a Cardiff Letting Agent and Cardiff Property Management Company will post a synopsis of our stand out Cardiff tenant of the week.
Cardiff landlords if your Cardiff property fits the Tenant of the Week needs and you believe them to be a suitable tenant, then you qualify of our Free Tenant Finder Service!
This week’s Tenant of the Week is a Primary School Teacher who is looking for a property in Llandaff or Danescourt areas of Cardiff. The preference is a property consisting of at least two bedrooms ideally with off street parking. Our Tenant of the Week is interested in either a Cardiff house, Cardiff flat or Cardiff apartment and has a budget of £800 per calendar month.
WebLetz a Cardiff Letting Agent and Cardiff Property Management Company has already pre-referenced our start tenant who has excellent credit history and employment reference. Our Tenant of the Week is looking to let a Cardiff property for a 12 month period and is ready to pay a holding deposit, bond and month’s rent in advance.
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
Landlords, Is your Cardiff Property fitted with a Carbon Monoxide Alarm?
11/3/2011 11:14:33 AM
WebLetz a Cardiff Letting Agent and provider of letting agent solutions such as £120 Cardiff Tenant Finder and 5% Cardiff Property Management is helping to cut the cost of bring Cardiff Landlords and Cardiff tenants together.
Research has shown that 1.8m people in Wales are at risk of carbon monoxide poisoning because they do not have an alarm. What is staggering about this data is that research shows 74% of people are unaware that carbon monoxide - which has no colour, taste or smell - can kill, and only 15% realise it can cause brain damage.
The Carbon Monoxide - Be Alarmed group say only 38% of Welsh homes and Cardiff property own a carbon monoxide alarm and  are lobbying the Welsh government to amend building regulations to ensure carbon monoxide alarms are installed in new homes. As well as new-build regulations, it wants landlords to be forced to provide alarms in properties as part of annual gas safety inspections and idea which WebLetz a responsible Cardiff Letting Agent fully endorse.
Members of the group will meet assembly ministers at the Senedd at an event hosted by Islwyn AM Gwyn Price.
Campaign spokeswoman, Christine McGourty, said: "There are two simple steps we'd like the Welsh Government to take.
"Firstly, building regulations should be amended so that new homes come with alarms already installed.
"Secondly, providing an alarm should be part of a landlord's annual gas safety inspection."
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
Nationwide House Price Index for Wales
11/1/2011 10:45:46 AM
WebLetz a Cardiff Letting Agent and Cardiff property Management Company provides letting agent solutions and market information geared towards Cardiff landlords and Cardiff property owners.
WebLetz a Cardiff Letting Agent and Cardiff Property Management Company provided a breakdown of The Land Registry House Price Index which was released on 28th October and today is turn of the Nationwide House Price Index.   For the UK as a whole house prices were virtually unchanged in the third quarter of 2011 with most regions seeing a relatively small price movement, seven regions saw a small price increase and six seeing a slight fall in house prices.
WebLetz a Cardiff Letting Agent and Cardiff Property Management Company has found that Wales saw its third consecutive quarter of house price rises with a 0.2 per cent rise in the third quarter of 2011. This pushed the annual rate of change from -0.9 per cent to a positive 0.2 per cent and placed Wales as the fourth best performing region in the UK over the last quarter, setting the average house price across Wales at £138,849.
WebLetz a Cardiff Letting Agent and Cardiff Property Management Company has found Cardiff property to be the weakest performing in Wales which saw a 2 per cent year-on- year fall. The South Wales (East) sub-region of Wales which includes Blaenau Gwent, Caerphilly, Merthyr Tydfil, Monmouthshire, Newport and Torfaen was the strongest performing area.
Across the Welsh regions the average Cardiff property price is £204,599 a drop of 2% on last quarter, Mid and West Wales average house price stands at £152,257 a drop of 1 per cent on quarter two of 2011, North Wales average house price is now £168,018 a gain of 1 per cent on last quarter, South Wales (East) average house price £160,224 a 2 per cent increase on last quarter and South Wales (West) average house price £154,822 and a gain of 1 per cent on last quarter.
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
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