News Archives - Page 8 of 12 - Lifeboat Lettings

Posted on 26th May 2022 26th May 2022

Legislation Update

As with every year, the recent Queen’s Speech set out the government’s agenda for the next parliamentary session. This included outlining its plans to grow the economy and cut the cost of living, among other initiatives.

Traditionally, this has also been an opportunity for the government to update the property sector on the status of existing legislation and proposals for new legislation. The only deviation from tradition was that this year it was delivered by Prince Charles!

Posted on 28th April 2022 28th April 2022

Rent to Rent Vs Lettings Agency

As a landlord wishing to put your property with a ‘managing agent’, there are essentially two main options: a long term ‘guaranteed rent option’ and a traditional ‘high street’ lettings agent. It is important that landlords understand the two models and are aware of the pros and cons of each.

Posted on 27th April 2022 27th April 2022

You do not have to use the estate agent you bought your rental property from to manage it.

When you buy a new property to let, it can seem a good idea to keep the management with the estate agent you just bought it from but, have you considered that they might not really be set up as a lettings agency and are actually mostly sales driven? If the property was managed by another lettings agency before the sale, shouldn’t you check them out first?

Posted on 27th April 2022 27th April 2022

Rental property listings will require additional details by 31st May

Trading Standards and the government have jointly announced compulsory new data which must appear on property listings.

From 31^st May this year, a property’s council tax band or rate (for lettings and sales) and the property price and tenure information (for sales) must be included on all property listings. This applies to individual landlords advertising their properties to let as well as those advertised by lettings agents.

Posted on 29th March 2022 30th March 2022

When buying/managing with tenant in situ goes wrong?

A popular investment strategy currently – and a likely one going forwards – is to buy a property with ‘tenants in situ’. We have all seen these properties listed on Rightmove. Typically, the property does not sell as quickly as one that has vacant possession.

Posted on 29th March 2022 29th March 2022

Local property market report – What is hot in Kent, what are the buying/developing trends

In this article, we look at where the hottest property markets are in Kent as well as places where significant developments are planned for investors to keep an eye on.

In terms of house price growth, Margate in Thanet is still top of the list with house prices more than doubling over the last decade.

Posted on 28th March 2022 28th March 2022

April Legislations Updates

As always in the property rental industry there are constant changes to legislation and other rules and regulations to keep landlords on their toes. However, 2022 and 2023 are shaping up to be big ones, with many changes relevant to the industry scheduled to come into force over the next year or so. Here is the summary of changes for this month.

Posted on 2nd March 2022 4th March 2022

Rising number of guarantors needed since pandemic

Rising number of guarantors needed since pandemic.

Landlords are generally a cautious bunch – and rightly so. Aside from their main home, the rental properties they own are significant investments and therefore decisions who to rent to are not taken lightly and will always be means tested.

Posted on 2nd March 2022 2nd March 2022

Kent Property News

House prices in Kent – what is the market doing right now?
Everyone is aware by now that house prices in the UK have been rising at a rapid rate in recent months and indeed for several years (excluding the early stages of the pandemic). However, six popular towns in Kent have seen amongst the highest sustained rises in the UK over the last decade.

Posted on 1st March 2022 2nd March 2022

Interest rates rising for the first time in 3 years

As investors and landlords, we have got used to low bank of England lending rates, but rates are now on the rise for the first time in three years, so should we be concerned about this?

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