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Signs That Student Property is an Excellent Investment in 2018

Property investments have long been a popular choice for both first time and established investors alike. If you are looking for a property investment target, there are some clear indications that student properties are currently a solid choice. Market Growth The student housing market has proven to be strong and resilient over the last couple of years, and this trend has continued throughout 2018. Student property is now one of the most profitable asset classes there is, reliably paying out excellent returns to investors who have been let down by other sectors of property investment. Overall investment in student properties is expected to end the year £5.3bn higher than last year, a strong indicator of the market’s strength. Foreign Investors Another indicator of the health and strength of the market is the rise in foreign investment, which now accounts for 65% of the capital being invested. This figure is noticeably...
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Legal Q&A - Can I sell my ex tenant's belongings?

Richard Hamilton – Head of Property at Davis Blank Furniss – answers this interesting query. Question: I am the freehold owner of a building that is used as a workshop. Until recently, the building was occupied by an individual under a tenancy at will. Suddenly, and without warning, the tenant vacated the building but left behind various tools. He did not give any notice to me and has not left any forwarding address. Rent was paid in cash and I have no official record or other means to trace the tenant.  I would like to try and recover the small amount of rent due and I want to get on with reletting the building. What should I do about the tools? They are bulky and I do not want the cost or responsibility of storing them. I would prefer to sell them and keep the money as compensation for the...
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5 things to do before starting building work at your property

As a property investor, you might walk into a building you have just bought and immediately recognise where improvements can be made. However, noticing that there is a problem and having that problem effectively rectified can prove to be two very different things. Without diligent preparation, you could too quickly see your property development work unravelling - or costing you more than was ever necessary. Here are some ways to prevent running into issues. Check whether you require permission or approval for the work Depending on the precise nature of the improvement work you are positing, you might need to obtain multiple types of permission or approval before that work can commence. Even seemingly rudimentary tweaks, like replacing windows or doors, could necessitate buildings regulations approval. Meanwhile, if you will be building a new structure or making a significant change like an extension, planning permission will typically be needed. Consider...
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I'm a landlord - is it worth registering as a limited company?

An increasing number of landlords are choosing to register as a limited company to manage their portfolios. There are a couple of different types of limited company you can set up, whether this is a trading company or a Special Purpose Vehicle (SPV). This is a company set up for the purposes of holding property and nothing else, this approach is mainly for those who are part time landlords. Whichever you choose, we look at why you might want to consider becoming a limited company, and the potential and pitfalls of doing so. Click here to get help with finance  Changes to mortgage interest relief In the past, private landlords could claim back the interest on their buy-to-let mortgages when completing their Income Tax returns. And landlords in the higher 40% and 45% tax brackets could also claim tax relief at this higher rate. The Government is now phasing this...
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Finding A Property That Is Worthy Of Your Investments

You must go out looking for a property that is worthy of your investment, and you need to remember that you could do this at any time. It is so much easier for you to change your investments when you use these tips, and all these tips lead to a place that will make you feel much more comfortable with the way you are investing your money. 1. You Need To Know The Neighborhood You must get to know the neighborhood so that you can invest in places that people would actually want to invest in. You want to sell flipped houses to people that will need them, and it is right for you to see if you would want to live there. There are some places that you would want to live, and that is the kind of place you would want to see to your family living. 2....
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Tonight on Channel 5 at 8pm, Bad Tenants, Rogue Landlords

In Waltham Abbey a seemingly perfect professional tenant, an estate agent, wins the trust of a Landlord in dire straits, by using false references . The landlord,  Anthony, previously lived in and owned the flat with his ex-partner. With nowhere else to live after a difficult break up and with no money coming in from his tenant who refuses to pay, Anthony has been forced into moving back in with his parents. He’s called in Paul Shamplina from Landlord Action to try and evict his unruly occupant.   
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Interest Rates rise to 0.75%

The Bank of England has raised the interest rate for only the second time in a decade. The rate has risen by 0.25% to 0.75%. The Monetary policy committee lifts cost of borrowing to highest level since 2009 The move will increase the interest costs of more than three-and-a-half million residential mortgages that have variable or tracker rates. But it will be welcomed by savers, who could see a lift in their interest rates over the coming months.   An extra 0.25% interest will add £12 a month to a £100,000 repayment mortgage and £25 on a £200,000 loan. However, nearly 70% of homebuyers have fixed-rate mortgages, so will be unaffected. I have a variable rate mortgage. How much more will it cost? If you are on a tracker mortgage that matches any rise in the base rate, then an extra 0.25% adds £12 a month to a £100,000 repayment mortgage...
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Legal Q&A

Richard Hamilton – Head of Property at Davis Blank Furniss – answers this commonly asked question. I am the landlord of a long residential lease.  The tenant has temporarily moved out of the flat while decorative works are carried out. The tenant is in substantial arrears of rent and the lease contains a right to forfeit for non-payment of rent. The tenant has confirmed in writing that the arrears are due and owing. Can I exercise the right to forfeit by peaceable re-entry?     Answer: In principle, a landlord can re-enter a residential premises which he or she reasonably believes the tenant has ceased to occupy.  It would be advisable to do this by court proceedings if there is any uncertainty as it is a criminal offence to forfeit by peaceable re-entry if the tenant is lawfully in occupation. If the landlord has reasonable grounds to believe that the...
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How To Make A Good First Impression On Buyers

When a potential buyer comes to view your home, you will want to make the best impression possible to ensure that they put in a bid. There are plenty of ways that you can do this by doing simple things like having a clear out or adding a bit of paint to the front of your home. In this article, we are going to give you some ideas on how you can make a good first impression on potential buyers. Make sure to keep reading if you’d like to find out more. Fix Things That Are Broken One of the first things that you should do if you want to make a good first impression on buyers is to fix the things that are broken in your home. You might find that there are a lot of things that are relatively easy to fix and when you actually get around...
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Reviewing pension performance in Britain

People are more aware of their pensions than ever before, but how has media attention and the rollout of auto-enrolment impacted Britain’s pension performance? Each quarter, personal pensions provider True Potential conducts their Tackling The Savings Gap: Consumer Savings and Debt Data report. Using this data from Q1 2016 to Q3 2017, we analyse how pension attitudes have altered. Those adding nothing towards their pension It is assumed that as pension awareness increases, the number of people failing to contribute to a pension would fall. Is this what the stats are saying? Back in Q1 2016, more than a third (34%) of Brits failed to add anything to their pension. By Q3 2017, this figure had increased significantly to 45%, rather than decreasing as expected. In fact, in 2016 and 2017 so far, Q2 2016 has been the best month for pension contributions; the number of people failing to contribute...
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