Mortimers Residential Lettings

Now this is very interesting reading,
Buy to Let Mortgage Lending looks set ho finish at around £9bn in 2018 down from the predicted £12bn. That is sure to impact the rental sector in the coming year or two. with fewer properties coming into the rental market, demand will remain high and rents will surely increase.
http://ow.ly/gybQ30mxO8C

Chancellors have this two bed apartment on Fairford Leys on the market for Offers in Excess of £180,000. they have also pitched a potential rental income of £850pcm. That's 2 bed house money.....
We have recently let an upgraded example of this apartment in the same building so I do disagree with their rental assessment.
I would always warn against over pricing properties to rent, particularly if they are vacant. You will be playing catch up before you even see a penny of re...nt.
4% is a good gross yield for Aylesbury in general. If you can get this apartment for close to that £180,000 mark you will looking at a realistic 5.3% Gross Yield as a starting point. Just remember to check what the leasehold costs are and factor those in to your calculation too.
http://ow.ly/unsT30mxL5j
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Williams Properties have this one bed house on the market for £172,000
Having Let one similar on the same street I would say its worth a look. You may need to spend a little time/money to cut back the garden and neutralise the decor, but.... its a popular area and rental wise should get you a gross yield of around 4.7% (not taking into consideration any work done).
Its been on since July, has to be worth looking at for me.....
... http://ow.ly/69nJ30mxKE7
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Buy To Let Recommendation
With One bedroom properties flying off the shelves of late, I thought I would look out for anything that could offer a good Buy to Let opportunity.
Taylors have this One bed House at a guide price of £160,000 meaning a Gross yield of 4.8% is not unrealistic. its been on the market since February so you may even be able to better that.
... http://ow.ly/a7wU30mxKmH
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Some kind words from a valued landlord about our wonderful Kiera,
"Dear Declen
I wanted to email to let you know how impressed I have been in my dealing with one of your staff members Kiera Barrow.
... I have always found Kiera to be highly professional, efficient and a pleasure to deal with, she is always helpful and clearly very knowledgeable. She is an absolute credit to your team and deserves thanks for all her hard work.
Kind regards"
#feelingthelove #superkierabarrow #luckyus #weagree
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Here is a one bedroom apartment marketed by Chancellors, its on at offers over £180,000 but we have just agreed a Let on a similar one in the building and a yield of close to 5% is not out of the realms of possibility. you would just need to make sure you get a purchase agreed at the best possible price and that the ground rents/service charges aren't too high.
Its been on the market since July...
That said these get a good level of demand on the rental market if they are pri...ced right and well presented
http://ow.ly/3aQ230mk51Z
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Check out this Studio Apartment on Bedgrove, listed by Michael Anthony estate agents. A rental yield of close to 5% is achievable on this property so could well be worth a look.
these properties Let readily if priced correctly so could well be a great starter investment for someone looking to dip their toe in the Buy to Let market.
http://ow.ly/Xvxl30mk4nN

Now this is something the government should focus its attention on. There are lots of private landlords out there that take tenants on benefits, to be refused a mortgage because there is a benefit claimant tenant is wrong and if this is not stopped it could have quite serious consequences on the rental market, particularly for the benefit claimant section of the market.
Lets hope this practice is ended and landlords can continue to borrow on their properties no matter who their tenant is.
http://ow.ly/hKaf30mk39D

With the Autumn budget statement just around the corner, this article speculates on some of the possible announcements that could be made in relation to the buy to let market.
One of those mentioned was an increase of stamp duty for BTL landlords and second home owners, currently set at 3%. increasing this to generate more revenue for the treasury, to me seems counter productive. activity in the buy to let market has already slowed since the 3% stamp duty levy was introduced.... how does a further increase benefit the Treasury?
Whilst its all speculation, i will be watching with great interest as the statement happens to see what proposals are made.
Interesting times.
http://ow.ly/DWI130mgutC
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I have to say I have not seen the rent hikes that are reported in this article, however it is inevitable as more and more of the short term buy to let landlords look to exit the market. we have seen a few landlords exit the sector this year, not yet in their droves but as the mortgage interest tax relief reduces over the next couple of years, and the tenant fee ban takes hold next year, i think we will absolutely see landlords look to recoup their costs via increased rents.
Whilst in the short term tenants may feel not paying fees for referencing or renewals is a good thing, it could well end up costing them far more if rents are increased to reflect the increased costs for landlords.
http://ow.ly/pHHN30m3Tq8

This is an interesting read, I have to say I agree with the points that have been made.
If tenants are able to decorate rental properties and make it feel like their home, they would be more likely to remain in the property for longer and look after the property better than if they live in a blank canvass. No obviously this is a little idealistic, but if there were caveats in place to ensure when a tenant leaves a property that it is left in a agreeable decorative condition ...(or returned to its original neutral condition) it could very well keep happy tenants in properties longer thus creating happy landlords.
Would love to hear peoples thoughts on this, particularly that of tenants and landlords.
http://ow.ly/iPGm30m3T6B
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Here Is a quick video touching on the recent legislation changes that came into force on October 1st.
The changes affect landlords of HMO properties (Houses of Multiple Occupation) and for landlords with AST (Assured Shorthold Tenancy) tenancies.
Below is a link for further guidance on Gov.uk detailing the changes for HMO landlords and what they should do to ensure full compliance.
... https://www.gov.uk/…/houses-in-multiple -occupation-and-resi…
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I wouldn't say this is unexpected news, I think the younger generation of landlords have shorter term strategies in general so are less likely to want to ride out any blip as opposed to the older generation who have seen the peaks and troughs of the property market over the years.
you only really lose out in a dip, if you cash out in a dip.
http://ow.ly/fbiA30m0AYu

The cakes have been going down well. It's not easy sharing an office with these beautiful cakes......

Mortimers coffee morning! Pop in and see us today between 11:00 and 12:30 for a cuppa, cake and a chat - Business or pleasure it is entirely up to you!... Come on up!
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Star baker will be heading the way of Jennie Rayment with this cracking cake #mortimerscake

Getting ready for our coffee morning tomorrow., there is still time to donate by texting BUN JCR5 to 70550 (to donate £5 to Macmillan Cancer Care)
We have raised £45 so far.
Looking forward to seeing you tomorrow between 11 and 12.30!!!

Mortimers coffee morning!
Pop in and see us Friday 28th September between 11:00 and 12:30 for a cuppa, cake and a chat - Business or pleasure it is entirely up to you!
... First Floor, Unit 3, Carrera House, Gatehouse Close, Aylesbury, HP19 8DP
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