chris / Uncategorized /
Almost all four bedroomed detached houses newly built on Buckshaw Village have only one shower and that’s ensuite. So when you have a teenager in each of the other bedrooms they have to go into the parents’ bedroom to get a shower. This has been making it difficult to let some houses, even though they […]
chris / Uncategorized /
Small houses, terraces and bungalows especially suffer from black mould caused by condensation. It isn’t damp if it has turned black. This happens when excess moisture from showers, cooking, drying clothes and even breathing doesn’t get out of the house and it settles on cold walls, ceilings and windows. There are several solutions. The main […]
Sometimes we take on a property that the landlord has let themselves or from another agent. It can be a thorny issue with existing tenants, when they have given, or been given, notice to leave and the house is remarketed by us on rightmove. We want to get your house fully occuppied from the day […]
When renting a property you must take a deposit of at least a months rent. This is to cover you against non paid rent and damages. Some landlords and agents ask for 1 and a half months rent. The deposit is not only cover against losses, it is also a barrier to letting for some […]
chris / Uncategorized / Taxation /
The recent budget has given an unexpected curveball to landlords. Currentky the Inland Revenue allow landlords to deduct all the interest on their mortgages from the profits they make on their rental property. From 2017 this will start to change and it will gradually reduce to only 20% of the interest will be tax deductible, […]
chris / Uncategorized /
Well you can. There is no legal reason why you cannnot. However you should be aware that this is how most people end up with a problem tenant, even when you know them or they were recommended by a friend. • Do I choose a large letting agent who have thousand of properties but may […]
chris / Uncategorized /
As announced recently by Housing Minister Brandon Lewis, from October 2015 Landlords will be required by law to ensure working smoke and carbon monoxide alarms are installed in rental properties in England. The information below is intended to help you understand your responsibilities in relation to the new legislation. Why have these changes been made? […]
chris / Uncategorized /
I am often asked by budding property investors, ‘What type of property is the best to buy”?. Well that depends on your attitude to risk. An apartment bought for a maximum of £85K in Chorley would rent for £550pcm so gives a yield of 7.8%, not bad, however there are service charges on apartments of […]