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.
Continue reading Local property market report – What is hot in Kent, what are the buying/developing trendsAs 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.
Continue reading April Legislations UpdatesRising 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.
Continue reading Rising number of guarantors needed since pandemicKent 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.
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?
Continue reading Interest rates rising for the first time in 3 yearsThe government has recently issued its much anticipated ‘Levelling Up’ white paper. The package includes twelve target areas, which will be focused on over the next ten years to improve equality in Britain. One are of measures includes housing and within this proposes the abolition of the Sec 21 route to landlords gaining possession of their properties (so called ’no fault’ eviction). In additional a new ‘Decent Homes Standard’ has been proposed together with a focus on tackling rogue landlords.
Continue reading Government Launches ‘Levelling Up’ White PaperLooking for a part time Financial Controller to join our expanding Lettings Agency in East Brabourne, near Ashford.
Approximately 21 hours per week from Monday through to Friday (can be negotiable for right candidate). Mostly home based but will need to come in the office infrequently.
The successful applicant must have bookkeeping experience with Quickbooks, Quickbooks Plus or similar and be able to do VAT, payroll and pension processes.
If you are interested in this position or would like more information, please send cover letter and CV to richard.poynter@thepropertylifeboat.co.uk
The property market is an ever-changing arena and investing in property can seem daunting to the beginner. However, even established investor-landlords can from time-to-time benefit from a rethink of strategy or some ‘inspiration’ to find their next deal. This can happen for a variety of reasons.
Continue reading Where is the next property deal? Where should landlords look to find their next best buy?Those landlords in the know, will be aware of the long running court case: Northwood Solihull v Fearn and Others. In short, the essence of the case hinged on the definition of certain lettings documents (Sec 8 notice, and Prescribed Information), whether they were deemed to be ‘executable’ company documents, which determined how they should be signed according to the companies act.
Continue reading Companies Act 2006, Section 44, Court of Appeal Decision: Ruling in Favour of Landlord.With a full dataset from 2021 now widely available, industry watchers, estates and lettings agents from across the UK have had a chance to review and are commentating on the state of the property sales and lettings markets.
Continue reading Rental stock at an all-time low
