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Moving to Leicester

Leicester is a vibrant and multicultural city in the East Midlands. It’s the largest economy in the East Midlands and our population has boomed in recent years. Leicester is considered one of the top places to live and work in the UK and property to rent and buy is always in high demand. Leicester has a wide range of bars, restaurants, shops, markets and entertainment, it's also one of the most multiculturally diverse cities in Europe with religious and spiritual festivals celebrated year round. Leicester has some of the best-connected train, road and public transport links connecting you to London, Birmingham, Cambridge [...]

By |2019-06-06T16:09:21+01:001st July, 2019|Leicester, Moving to Leicester|0 Comments

How to Treat Damp and Mould

Damp and mould can become expensive, it can damage your or your tenants' health and it's extremely important it's treated early. But, how do you get rid of mould? Causes of Damp and Mould Damp and mould are caused by excess moisture. Moisture in buildings can be caused by: Leaking pipes Rising damp Rain seeping in because of damage to the roof or around window frames Condensation building up on windows Poor ventilation of bathrooms, kitchens and utility rooms where you keep washing machines or tumble driers. In a new build home, damp can occur if the water used when the [...]

By |2019-07-10T10:54:22+01:0030th June, 2019|Repairs|0 Comments

How will BREXIT Impact the Leicester Property Market?

When the UK announced its intention to leave the European Union, it came as a shock to the country as polls suggested the country favoured remaining within the EU. Leicester voters opted to remain with a majority of 51% but, the overall vote was in favour of leaving with a majority of just over 52%. This sent shock-waves through the global economy which, due to the sharp fall in the value of the pound, impacted our local economy here in Leicester too. Two years on, how has BREXIT affected the Leicester property prices? We have seen mortgage lenders devalue properties, [...]

By |2019-07-10T10:24:16+01:0025th June, 2019|House Prices, Leicester|0 Comments

Definitive Guide To Avoiding Rent Arrears and Making Tenants Pay On Time

When rent isn't paid on time, for many landlords, it's time to panic and rightly so, more than half of the landlords operating within the UK suffer rent arrears each year, sometimes way into the tens of thousands of pounds; this is particularly the case where landlords own multiple properties and whilst many tenants believe their landlord can afford to miss out on one month's rent, the reality is, many landlords live hand to mouth and this is likely to become truer as the cost of being a landlord rises but there are ways to reduce costs, maximise return on [...]

By |2019-06-25T03:28:29+01:0025th June, 2019|Rent Arrears, Private Rented Sector|0 Comments

Buy-to-Let Trends to Look Out For in the Second Half of 2019

Without doubt 2019 has so far proved a year of change within the buy to let sector. At a time of Brexit uncertainty, political and economic uncertainty, what can landlords expect from the private rental sector in the second half of 2019? Andrew Turner, chief executive at specialist buy to let broker Commercial Trust Limited, looks at some of the trends set to continue. Setting the scene The first half of 2019 has brought wide-sweeping changes to the private rental market and it will inevitably take time for stakeholders to become accustomed to the new requirements. The Tenant Fees Act [...]

By |2019-06-25T03:18:11+01:0024th June, 2019|Private Rented Sector, House Prices, Landlords|0 Comments

7 Money Saving Tax Tips for Landlords

When you rent out a property, it's difficult to know where your money is going all of the time and you're forever keeping your eyes and ears open for money saving tips for landlords. Renting out property means you're liable to pay tax outside of any income allowances and the tax rules for renting property are quite complicated, made even more so by frequent tax changes and it isn't expected to get any easier for landlords to navigate the HMRC rules. It's often said that the taxman is lining up their sites with the private rented sector and in Leicester, landlords [...]

By |2019-06-06T15:58:39+01:0019th June, 2019|Tax|0 Comments

Your EPC And What It Means

You've probably seen energy ratings regularly, often attached to electrical appliances like your fridge, washing machine or television. Did you know that your home has one too? You'd be forgiven if you were unaware though it is becoming quite common knowledge now, especially with the latest change to the private rented sector where homes must meet a minimum energy efficiency rating of E or above before they're marketed to let. Whilst you may be aware of Energy Efficiency Ratings, you may not be quite fully informed as to what all the ratings actually mean. Because energy efficiency is important and [...]

By |2019-06-15T11:15:34+01:0015th June, 2019|Energy Efficiency, Property Maintenance|0 Comments

Top 10 Affordable DIY Projects to Add Value to Your Home

Are you about to put your house on the market? If so, you’ll want to get the best possible price for it. Here are a few simple changes you can make to improve the property and bump up its value. 10 Affordable DIY Projects Create understairs storage. The understairs area is so often under-utilised. If you’ve got some basic DIY skills, turn it into a cupboard, or even hang a curtain across it to create a storage area. Other creative uses include: shelving for books, an understairs toilet room, or even a ‘wine cellar’.   Fixing leaks. Leaky pipes are bad news [...]

By |2019-06-06T15:45:06+01:0012th June, 2019|DIY Projects, Property Maintenance|0 Comments

Landlord’s Guide to Rent Arrears and Eviction

It doesn’t take much imagination to imagine the consequences of non-payment of rent; not only does it impede your ability to pay your mortgage or other costs associated with being a landlord and when left to spiral out of control, it can have devastating effects on your investment, including repossession if there are debts associated with the property purchase and it may likely even result in homelessness; It could also have an adverse effect on your overall opinion of being a landlord. Therefore, it is imperative to deal swiftly with rent arrears and solve any problems preferably before they arise. In this guide, you’ll learn good [...]

How to Choose a Letting Agent

Renting your property for the first time? We've all been there. It's quite overwhelming with the amount of paperwork and other administrative tasks involved, the legal compliance and the penalties for non-compliance which you've probably heard about in the news, landlords being fined thousands for failing to comply with improvement orders, managing unlicensed HMOs, not protecting the deposit, etc. Fortunately, a good letting agent can mean your headaches are kept at bay; making the lettings process hassle-free and managing your property, keeping your tenants happy and encouraging long-term tenants are just some of the things you should demand from any [...]

By |2019-06-07T18:02:59+01:007th June, 2019|Letting Agency, Private Rented Sector|0 Comments