Blog
Showing Category: Rent
As Bristol First-time Buyers are Being Locked Out of the Bristol Property Market – Rents Have Risen by 6.2%
With the banks reducing the number of low deposit mortgages (i.e. deposit of 10% and below) since Covid-19 hit in the spring, this has meant that the number of Bristol first-time buyers has been decreasing quickly, meaning many of those would-be Bristol buyers wanting to make the first step on the Bristol property ladder are having to […]
‘Generation Rent’ to Become ‘Generation Buy’?
Boris Johnson has attracted both praise and horror in equal measure with a new plan for 95% mortgages to help beleaguered first time buyers to get on the property ladder, but would that expose UK taxpayers to too much risk? In this article I discuss the implications of what that would mean both nationally and […]
THE PROS & CONS OF BECOMING A LANDLORD IN BRISTOL
The buy-to-let market in Bristol is about to enter a challenging 12 to 24 months. Yet by looking back at the last recession and what is happening now, there are vital lessons all Bristol landlords can learn to protect themselves, and in fact create opportunities for themselves both in the short term and ultimately the […]
The ‘Trapped Landlords’ of Portsmouth
Going into lockdown in March, the Government proclaimed a ban on tenant evictions, pledging that no tenant in a private rented home, who had lost their wages due to Covid-19 would be kicked out of their private rented home until the late summer. Fast forward to August and the press were being briefed as late […]
What’s happening with the buy-to-let market in Portsmouth?
What’s happening with the buy-to-let market in Portsmouth? …. and should Portsmouth landlords & Portsmouth homeowners be worried? In 2019, the private rented sector accounted for just over four and a half million households or 19.9% of UK households, no change from the year before. Interesting, when compared to the proportion of private rented […]
94,789 People Live in Rented Accommodation in Portsmouth
That number surprised you didn’t it? With the General Election done, I thought it time to reflect on renting in the manifestos and party-political broadcasts and ask why? As the best way to tell the future is to look at to the past, so we decided to look at the number of people who rented […]
The leasehold and ground rents scandal of Bristol
Freehold or Leasehold .. which is best? Well, when buying a property in the UK there are two main types of ownership – freehold and leasehold and, when boiled down, they mean the following… Freehold: The person who owns the freehold of a property owns the property and the land it stands on. Leasehold: […]
Tips for renting out your property
I am asked on a regular basis by my landlords, when they feel works are required, what should I do to my property before offering it to the open market and my response has always been along the same lines, are you prepared to absorb a minor upfront costs to create a better long term […]
Student accommodation: Why choose NEXA?
As a recent graduate from the University of Portsmouth, I have experienced first-hand how scary it can be moving to a new city and surroundings to study. Finding a homely environment that is comfortable for both everyday living and studying can be tricky and trusting an agency to find the right accommodation for you is […]
Budget 2018: How will it affect the sales and rental market?
Earlier this week Chancellor Philip Hammond announced the budget, the final before the UK will leave the EU. How will it affect buying/selling and renting going forward over the next 12 months? All first time buyers who are buying shared equity homes up to £500,000 are now exempt from stamp duty. This is a large […]
THE IMPACT OF THE TENANT FEE BAN
THE IMPACT OF THE TENANT FEE BAN We learnt a few things from the tenant fee ban announcement but there is still a lot of ambiguity that will not become clear until after the end of March. So the date has been set as the 1st of June. This means that all contracts SIGNED AFTER […]
Are Student HMO’s a dying breed?
3 years ago, I remember sitting in my office on a Saturday afternoon at 6pm (I was due to finish at 4pm) with clients in my office with parents in tears after being let down on another student property. I managed to locate a vendor selling a 4 bedroom property for HMO purposes and a […]