Legislation for landlords in the private rental sector including energy performance standards, right to rent checks, renters reform bill.more
Legislation for landlords in the private rental sector including energy performance standards, right to rent checks, renters reform bill.
Why Landlords Should Invest in Beaconsfield
Over the past 12 months, property prices have increased by 9.45% in Beaconsfield. Some say that this is in part due to the easing of lock-down and the stamp-duty holiday, whilst others say that Ricky Gervais and the fabulous cast of the Netflix drama “After Life” being seen around Beaconsfield for filming (remember the churchyard scene which was filmed at St Marys and All Saints Church), has brought a celebrity culture to the area! Whatever the reason, property owners in our lovely part of England are delighted to see such an encouraging rise in equity. So, whilst our average Beaconsfield property will sell for £1,144,000 that is not likely to be the best rental investment for the savvy property investor.
We would suggest a 1 or 2 bedroom apartment or 2 bedroom house:
For a 1 bedroom flat you would expect to pay an average price of £346,000 and this would rent for an average of £1160pcm (£13,920pa) giving a fair yield of 4%.
Take a look at this investment opportunity in Post Office Lane, Beaconsfield. It is likely to be snapped up quickly as the tenant was placed by us last November on a 24 month tenancy at £1,000pcm, so you have a ready made 4% gross yield and NO HASSLE or cost involved with finding a tenant!
Housing Secretary Robert Jenrick has announced today that until the 31st May 2021 private landlords will need to continue to give tenants six months’ notice before they can repossess rental properties.
Ashington Page and Kingshills, two of South Buck’s most experienced estate agents, are today announcing their adoption of technology from… more
Market update by Claire Woodrow, Lettings Manager Buyers and tenants returning to the workplace following the pandemic are already finding… more
Wednesday 3rd March was the Chancellor, Rishi Sunak’s 2nd budget and this was in line with the Prime Minister’s road-map out of the COVID pandemic, announced only 9 days earlier. Here we list the highlights of the budget and some top tips for you to consider.
The Government’s new breathing space period will freeze interest, fees and enforcement for people in problem debt, with further protections for those in mental health crisis treatment and this will apply to any rent arrears owed by tenants to landlords in England.
Following clear guidance by the Government and our regulatory bodies ARLA Propertymark, NAEA and The Guild of Property Professionals, Ashington Page will continue to work adhering to strict health and safety guidelines and we welcome the opportunity to continue to find people homes in the Beaconsfield area.
With over 170 pieces of legislation covering landlords in the private rental sector, you can face hefty fines or penalties if you breach your obligations. Here are some of the common laws and the penalties for landlords who do not comply.