Brexit, we've heard enough about it now, haven't we? But what about its impacts on the Leicester property market? Is it all doom and gloom? With predictions saying we can expect a significant fall in house prices (up to 30%) after we leave the EU, it's no wonder buyer uncertainty in the property market is at an all-time high. This report looks at the property market before and since we voted to leave the EU and analyses the market the accurately predict what we can expect once we leave the EU if we ever leave the EU... Just complete [...]
With the introduction of Selective Licensing across many cities and towns in the UK, dealing with anti-social behaviour in your properties is more important now than it ever has been! This guide will show you how to handle tenants who are being antisocial and how to mediate effectively if you own an HMO in Leicester where your tenants are falling out with each other. Just complete the form below and your guide will be emailed to you immediately!
Is rental yield really that important? This is a question I've found myself asking time and time again lately as I talk to property investors and landlords with properties to rent or let out in Leicester. The conversation usually goes along the lines of an investor saying to me "the yield is too low, the numbers don't stack up. Up North, I can get double the yield!" I argue this isn't a great measure of investment potential. Let me explain; A straight buy to let in Leicester will get you anywhere between 3-6% gross at average sales value, depending on [...]
Understanding the HMO laws in the UK can be a minefield, especially as the so-far four-year onslaught against the private rented sector continues and back in October 2018, landlords in Leicester were unsurprised to hear that even more HMO regulation was being thrown their way which resulted in many landlords finding themselves owning HMOs where they previously wouldn't have been. This article recaps those changes and offers a FREE HMO Factsheet to ensure you're doing at least the bare minimum to remain legally compliant but the factsheet is in no way exhaustive and further action should be taken to minimise [...]
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, [...]
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 [...]