Residential Property Investor writes that buy-to-let mortgages are on the increase ..read more Could this be a glow of light at the end of the tunnel? The number of buy-to-let mortgages has yet to reach 2009 numbers but recovery is happening which can only be good news for the lettings industry and for tenants desperate to secure a rental property.
Recent industry reports suggest demand in the rental sector may have peaked, but we’re currently unable to satisfy around 50% of applicants, due to a dearth of properties on our books. Compare this to three years ago when we were able to match 80% of applicants to suitable properties.
So why the change? The reasons are varied, but include:
- A decrease in the availability of buy-to-let mortgages
- Landlords selling rental properties to release cash
- HMO regulations complicating the rental process
That said, there is still money to be made from renting out property and now is probably a really good time to do so. Rental prices in some areas of the UK are slowing, but prices across Oxfordshire remain stable and with such a transient population demand will always be good.
At a time when property sale prices are lower than five years ago, renting out your second property – rather than selling – could be the better decision. You’ll enjoy a good rental income, your asset is protected and you can choose to sell when the sales market recovers.
If you are planning to let out additional properties, or a property for the first time, it’s important to do plenty of research and consult with experts and this is where an experienced letting agent comes into their own. The Letting Centre only does lettings and offers free, expert and impartial advice to experienced and first-time landlords.
Call us now on 01865 759930 to arrange a no-obligation discussion
November has seen the launch of our very first newsletter directed at our current landlords. This is just another thing tlc are trying in order to stay in touch and let you know our news.
Our news letter can be viewed here: http://us2.campaign-archive2.com/?u=3b89a1f57cda5b84f6d80cb19&id=c6bb392aa7&e=5a8cf456d4
If you’d like to be added to our Newsletter, please email your details to firstname.lastname@example.org
Your Social Media Toolkit
Have you joined the social media revolution yet? With the advent of social networking sites like Twitter, Facebook and LinkedIn – not to mention blogs and interactive websites, the way we market our businesses has radically changed over the last few years. But how do we tackle all the white noise out there and exploit this free marketing tool the very best way we can? In this workshop, we’ve invited Eveleen Hatch of Buzzword PR to show you ways to market your business through social media you never thought possible – and join the social media revolution yourself.
Our FREE to attend event on Wednesday 7th December is aimed at IFAs, Mortgage Advisors and Accountants, is that you?
Eveleen Hatch is one of Oxfordshire & the Thames Valley’s leading PR consultants and social media experts. With over 25 years of experience in both journalism and the corporate world, she set up Oxfordshire based Buzzword PR in 2007 and helps businesses of all shapes and sizes to raise their business profile in the local, national trade and even international press. Specialising in consumer PR, the highly creative team at Buzzword PR loves to watch businesses grow and flourish under the media spotlight through their carefully targeted PR campaigns – social media plays an integral role in this. Buzzword PR has also helped businesses in many sectors to use social media as a highly effective marketing tool through both workshops and one to one training sessions. Eveleen is a huge advocate of Twitter with nearly 2,000 followers – many from the Oxfordshire and Thames Valley area.
To book, please contact: Claire.Cable-Alexander@thelettingcentre.com
Until recently, we really couldn’t see the benefits of engaging online. We thought that our website, together with word-of-mouth was enough. I wouldn’t say we were completely wrong, let’s just say that in a relatively short space of time we’ve seen enough benefit to make it worth our while and we’re aware that we’ve barely scratched the surface.
We started with a fresh new website to help drive business, rather than our original static site. This attracted new clients almost immediately which made us think that perhaps we were missing a trick in the social media arena. We took the plunge just a few weeks ago and like the website, our efforts have already paid off with two really good editorial opportunities as a direct result from ‘tweeting’ and some tangible profile raising. Still at the novice stage we recognise we have a lot to learn, but most importantly we now understand that online marketing (with an emphasis on social media) can be incredibly powerful.
Think about it, can you really afford not to engage in some level of social media activity?
The Letting Centre is hosting a FREE social media workshop on Wednesday 7th December 2011, 8.45am – 11.45noon at East Point, Clarendon Business Centre, Littlemore, Oxford aimed at IFAs and Mortgage Advisors and we’d be delighted to see you there. To ensure that all our guests gain the maximum benefit from taking part we are offering just 10 places, on a first-come, first-served basis.
Further details will be issued by 11th November, for now we’d be grateful if you could advise by email email@example.com if you’re able and would like to attend.
We feel confident that you’ll get a lot out of this workshop and really hope you can make it.
Not time to move home but time to move to a new Agent , you could be saving a lot of money by switching agent so why not give TLC a call and find out obout our service against your current Agent
Record Month in June ! TLC let 8 propoerties in June and are running low on stock , if you need your prperty let then give us a try and call us
Call TLC now on 01865 759930 for impartial advice.
Buy-to-let opportunities opened up by stamp duty reforms – The UK is set for the return and major expansion of buy-to-let in the housing market after plans were unveiled for tax cuts on bulk purchases of residential properties. Read more: http://tinyurl.com/4m7gbam
The TLC blog is all about sharing good advice, industry news and related articles to make your life as a landlord just that little bit easier.
The TLC team writes most of our blogging content with you in mind. However, from time to time, we will include contributions from guest bloggers.
If you’d like to contribute an article please email: firstname.lastname@example.org