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This tough stance might seem a little strict, but we believe this sensible approach ensures you are still thriving whilst others are struggling. The buffer is your nest egg and an essential part of your portfolio structure.
Our management team director Tom Derrett, who is a qualified barrister, and used to sit on the panel for adjudicating landlord disputes, is well placed to help you get the most from this side of the strict management.   We place our landlords with rent guarantee insurance, and offer a dispute resolution service to take care of any issues which might come up if the tenant falls out of work or gets made redundant and struggles to pay the rent. The policy pays out your rent one month in arrears, and we take care of any court proceedings if the tenant becomes a delinquent tenant. One of the ways we maximize your rental income is to use a multi-agent strategy to perform the tenant find. That way we maximise the chances of a tenant being found because the local agents have all the prospective tenants on their databases. We negotiate the finder's fees down and instruct all the agents, with each knowing that the first one to find a tenant gets paid the finder's fee.  In addition to this, we also conduct rent reviews for our landlords every six months. Some agents get lazy and don't want to rock the boat with good tenants and quiet landlords, but we believe the agent should be proactively looking to increase rents for the landlord and will take the earliest opportunity to do this. So, we contact 30+ agents in every location on first instruction and then 10+ on each review, so we are seeing where the most agents agree, and we then get the most realistic maximum for our landlords. It's a business after all, and you need to know we are doing our best for you and getting your investment working as hard as it can do. To book a no obligation appointment with us please just get in touch today on 0117 9117590 or email info@midasestates.com Wishing you every success.
....helping people profit from property and design a life of choice 0117 9117590 | 077 6660 6662 | Website | robin.campbell@midasestates.com
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Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts
Sunday, 19 January 2014
Leave Nothing to Chance with your property investment
Saturday, 23 November 2013
Economic & Mortgage Market Review from The Nationwide
It’s always interesting to see the Nationwide’s Economic and Mortgage market Review – whilst it’s important to keep in mind that many other factors affect the economy and the housing market in particular, it can be a good indication of how things are going in general.
I have taken the main points from the October review to give you a snapshot of how things are looking as we move into 2014.
House purchase approvals continue to climb
This important if you’re interested in the housing market. I often remind people that their house is their home and that becoming overly concerned about its value is not particularly helpful. However, anyone who’s been in the difficult position of negative equity will agree that it is important to be aware of any information on how the market is performing in order to inform them of their options.
When making a decision to sell or buy, I always think that the more information the better.
The housing market in recent years has stagnated but this year has seen prices climb – if a little unsteadily to begin with. According to the review, house purchase approvals continued to climb with 66,700 cases in September compared to 63,400 in August. As this quarter is traditionally the quieter time for house sales, I watch with anticipation how things develop in the first quarter of 2014.
More on house prices
The main points from Robert Gardner, Nationwide's Chief Economist, when asked to comment
were:
House prices increased by on average 1% during the first half of 2013, increasing to 5.8% in October.
Employment levels have been rising steadily but until recently had not had an impact on confidence levels in the housing market. During the last quarter, it is clear that consumer confidence is improving.
The economy in general is looking healthier – and this in its turn is having a beneficial effect on the housing market.
Rents in private sector hit record high
A survey by LSL Property found that rents in England and Wales have hit a record high of £757 a month, as a result of greater demand.
This is having a knock on effect with more Buy to Let landlords coming into the market as returns are looking more attractive.
This also shows us that many are still unable to get on to the housing ladder for various reasons, one of which being lack of deposit. The Government’s Help to Buy Scheme will hopefully assist many to make that first move.
Although the Help to Buy scheme does not come into force until January, lenders are reporting that there is a good deal of interest, which I am confident will give the housing market a much needed boost and enable those who may not have been able to move the vital hand up they need. This is already improving credit availability and there is certainly more choice when it comes to mortgages themselves.
General Outlook
The British economy grew at its fastest pace for three years. Business and consumer confidence is growing. It is good to see the Bank of England holding interest rates at 0.5%, but it is inevitable that this should rise in the next year or so.
The International Monetary Fund (IMF) has lifted its UK growth projection which adds to the feeling of confidence in the UK economy, added to employment rates reaching a record high of 29.87 million.
The picture is definitely improving. With retail sales flatlining, it is hoped that the general feeling of confidence will deliver stronger sales over Christmas. As we move into Spring, we can realistically hope for a positive upward trend – and a busy housing market.
If you are thinking of moving or buying property, getting an agreement in principle is advantageous.
Give me a ring if you’d like to discuss your options
Phil Clark
www.bristolmortgagesonline.co.uk
08459002125
I have taken the main points from the October review to give you a snapshot of how things are looking as we move into 2014.
House purchase approvals continue to climb
This important if you’re interested in the housing market. I often remind people that their house is their home and that becoming overly concerned about its value is not particularly helpful. However, anyone who’s been in the difficult position of negative equity will agree that it is important to be aware of any information on how the market is performing in order to inform them of their options.
When making a decision to sell or buy, I always think that the more information the better.
The housing market in recent years has stagnated but this year has seen prices climb – if a little unsteadily to begin with. According to the review, house purchase approvals continued to climb with 66,700 cases in September compared to 63,400 in August. As this quarter is traditionally the quieter time for house sales, I watch with anticipation how things develop in the first quarter of 2014.
More on house prices
The main points from Robert Gardner, Nationwide's Chief Economist, when asked to comment
were:
House prices increased by on average 1% during the first half of 2013, increasing to 5.8% in October.
Employment levels have been rising steadily but until recently had not had an impact on confidence levels in the housing market. During the last quarter, it is clear that consumer confidence is improving.
The economy in general is looking healthier – and this in its turn is having a beneficial effect on the housing market.
Rents in private sector hit record high
A survey by LSL Property found that rents in England and Wales have hit a record high of £757 a month, as a result of greater demand.
This is having a knock on effect with more Buy to Let landlords coming into the market as returns are looking more attractive.
This also shows us that many are still unable to get on to the housing ladder for various reasons, one of which being lack of deposit. The Government’s Help to Buy Scheme will hopefully assist many to make that first move.
Although the Help to Buy scheme does not come into force until January, lenders are reporting that there is a good deal of interest, which I am confident will give the housing market a much needed boost and enable those who may not have been able to move the vital hand up they need. This is already improving credit availability and there is certainly more choice when it comes to mortgages themselves.
General Outlook
The British economy grew at its fastest pace for three years. Business and consumer confidence is growing. It is good to see the Bank of England holding interest rates at 0.5%, but it is inevitable that this should rise in the next year or so.
The International Monetary Fund (IMF) has lifted its UK growth projection which adds to the feeling of confidence in the UK economy, added to employment rates reaching a record high of 29.87 million.
The picture is definitely improving. With retail sales flatlining, it is hoped that the general feeling of confidence will deliver stronger sales over Christmas. As we move into Spring, we can realistically hope for a positive upward trend – and a busy housing market.
If you are thinking of moving or buying property, getting an agreement in principle is advantageous.
Give me a ring if you’d like to discuss your options
Phil Clark
www.bristolmortgagesonline.co.uk
08459002125
Saturday, 2 November 2013
Is Property Hot or Not Right Now for Investors?
I was asked by the South West Business Insider to provide a short piece on the property market and got a small mention so I thought I'd share it with you.
Click here to view the article.
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