If you can do some work yourself it will really keep costs down (ie painting etc) Otherwise its about finding good local builders you trust. You should check out my course its only £29 I am sure it will give you more confidence - property-accelerator.co.uk/fundamentals-of-property-investing/
My last house ,I had 30 people apply so I could take my pick, the rental trade is booming I have never seen it like this before, it must be a financial thing people just can’t buy for different reasons so they have to rent,, that could make house prices rise if the demand is there,
I’m about to offer on a property that has only 99 years on the lease. Should I go ahead? I was thinking of buying but I think the max it can be extended once I’m in for 2 years is 125 years? Or should I just wait around and buy after this stuff comes in?
Mass deportation for illegals and foreigners criminals is going to be a good idea for have more homes for good citizens who love and respect British Values.
You cannot let your window open all time in winter and with criminals can enter for the window. You need 24h heating for don’t have mold. What do you mean the court is not ready for apply a law or don’t apply a law of section 21?
The courts are so busy it could take people a year to get a hearing. If the landlord is not getting paid rent they could end up getting their house repossessed.
Be very careful with locking in mortgage rates, I applied for a 2 year fix last week with my current lender Nationwide - after watching a video saying you can swap deal again if the rates drop again before the new product starts (1st August for us). Nationwide dropped rates again today - I called them to request to swap (from 4.99% last week to 4.92% this week - 2 year fix, no fee). But apparently the last day to change products or stop a switch was 20th July - 2 days after I applied. I can't swap now, so am stuck on the slightly higher rate. Gutted!
Landlords have had too many powers, and it's left tenants in insecure housing at risk of eviction just because the landlord wanted more rental income. These are welcome moves for renters, and a good rebalancing of the power dynamic between renters and landlords. Good landlords won't be affected, so always consider that these rule changes are targeting bad and unscrupulous landlords.
I've lived in UK all my life I'm 53. I rarely open my windows because I have really bad hayfever in summer and it's cold in winter. This mould issue is caused by insulating the property's. The area where I lived the homes were fine and straight after they were insulated there was mould issues... Not b4. What's the point in insulating a house if you then get mould if your windows are not opened 😂. And yes my neighbours opened their windows regularly especially in spring summer but still got mould 😢 I'd rather have an uninsulated home that breathes... It seems healthier. And yes I know have to insulate them for tenants but costs money in the long run not saves it in either heating costs or mould...
Opening your windows isn't a perfect fix for a mould problem. In certain instances, it could make the problem worse. If the moisture level outside is equal to or even higher than indoors, opening windows will worsen the problem. In winter, it's pointless.
James, what would be your advice on extending my lease which is at 62 years. Do I have to wait until 2025/2026 like a lot of websites are showing, or if I extend now and instruct a solicitor, will marriage value still be applied or not? Confusing. I want to get this done ASAP, however not be penalized
This is the secret way that Labour are going to stop the boat people. They are shutting down the renting sector as fast as possible. That fixes the problem. If you can't buy your own property then you sleep on the streets. The properties that were rented and locals can't afford can be sold to the Chinese who famously prefer to leave their investment property empty. It is just an inflation proof investment to them. The Chinese can invest in a safe stable country. The boat people will stop coming when many of them die from exposure on the streets during the winter. It is already happening to asylum seekers. You can see them sleeping in the main railway stations on the news on TV. People who live on the streets can't vote so Labour don't have to worry about these people voting them out. Dead poor people will mean less bills for Social Services so Labour will balance their books and so fix the economy like they said that they would. Labour kills two (maybe 3) birds with one stone. This all makes Labour look good. No nasty Rwanda sceme or living on a horrible boat in harbour. Labour is nice to everyone. They just didn't realise that their Renters Rights Bill would put people on the streets. Surely they can't be held responsible for this unintended consequence. How could they have known that this would happen?
If my tenant refuses to pay, I’ll just go rent a nice expensive flat in Kensington and do the same…. Exacerbate the problem until it becomes important for the Govt to do something about it
This is all done by design people please look into this deeper then “Labour” it’s been planned for years!! By 2030 there will be zero independent landlords, Banks will be landlord’s, interest rates will go up so high nobody will be able to afford to pay a mortgage. The WEF have said it “By 2030 you’ll own nothing and be happy” Starmer and King Charles are all part of the plan they are globalists. Don’t shoot the messenger go do your own research please 🙏🏽
@propertyaccelerator - I took a 5 year rate. I usually on take 2. But as inflation was being kept low artificially I thought no way will it go back to rates of 2-3%.
@@Shaggy-8392 for these low rate mortgages. they often have requirements like first time buyer, 40% deposit, high income ratio etc. And then have high fees which basically push it back up to 5% often. they're often bait and switch tactics.
I wish they would make product fees illegal. They should just tell us the rate! I am hoping that in July next year things will have improved further. It's like those stupid auctions that advertise properties at a crazy low price only to stick on a ridiculous "buyer's premium". Do they think people are that stupid that they won't notice the actual total real price????? Anyway maybe when they haven't got much room to manoeuvre on the rate, they might have to start reducing these ridiculous fees or getting rid of them altogether.
