Success in the Buy to Let Property Market

Letting agent hosts specialist seminar for landlords

There can be no doubt that the dramatic increase in house prices over the years has benefited the buy to let market, as less people have been able to afford to buy their own property and more are forced to rent.

However, according to Leaders - one of the UK’s largest independently owned letting specialist with branches across the South East - the extent to which house prices have risen in some areas, along with the recent changes to legislation governing lettings, means that it is now more important than ever for investors to seek up-to-date, professional and expert advice before investing in a property to let.

Says Leaders’ managing director, Paul Weller: “With house prices as high as they are in some areas, rental yields on certain types of property may be smaller now than a few years ago. This does not necessarily mean it is not worthwile investing in a buy to let property, but it does re-enforce the necessity to consult an expert who knows and understands your local letting market in order to get the most from your investment.�

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LandlordZONE Newsletter - May 2007 - Rental Property Maintenance

May 2007 – Issue 19
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Welcome to the 19th issue of the LandlordZONE Newsletter—we’re building up quite a library of back-issue of this Newsletter, all accessible on-line in our Newsletter Archive and covering some important topics that landlord should know about.

This issue looks at maintenance & repair, a constant source of problems with both landlords and tenants.

Good landlords avoid most of the problems by being proactive, providing good accommodation and reacting fast when things go wrong.

Bad landlords on the other hand get everyone a bad name by skimping and penny pinching and quibbling about who is responsible.

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Time to Take Note - The Importance of Inventories

Since the launch of the Tenancy Deposit Scheme in April 2007 the lettings industry has been coming to terms with the relevant changes. In particular, the scheme has highlighted how necessary an independent inventory is – and an inventory is not just a list.

An inventory must be compiled by a trained professional who is not only impartial but has the awareness and attention to detail that will ensure that the inventory is as accurate as possible.

Landlords should be aware that the inventory process is there to protect their assets – even if a property is not in good condition there are still numerous items that can be mishandled, which can prove very costly to repair or even replace.

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Hipag launches Visual Guide to HIPs

Free Wallchart for Members explains HIP process
Visual guide simplifies process for Estate Agents

London : Friday, 11th May 2007 — Hipag Services, a leading supplier of Home Information Packs to independent estate agents and solicitors, has published a visual Guide to HIPs - a colourful wallchart designed to explain at-a-glance the HIP process for Estate Agents and their clients.

The Hipag Guide to HIPs has been carefully designed to illustrate every step in the process of creating the HIP that will be legally required for most residential property sales from 1 June 2007. In easy-to-follow wallchart format, the Hipag Guide is designed to act as a source of instant reference and clarification for both estate agent and their clients.

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