Rent increase for tenant in situ?

admin    Uncategorized     agents

Hi, I’m about to complete on a property that comes with a tenant-in-situ who has a periodic tenancy with the existing owner.

His current rent is significantly under market rate and as part of my offer on the property

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Paul Shamplina Wins ‘Seminar Speaker of the Year’ for a Record Fourth Time

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Paul Shamplina, Founder of Landlord Action and a leading voice in the UK’s property sector, has been awarded ‘Seminar Speaker of the Year’ at the National Landlord Investment Show Awards 2024. This milestone win marks the fourth time Shamplina has received the honour

View Full Article: Paul Shamplina Wins ‘Seminar Speaker of the Year’ for a Record Fourth Time

Leveraging Bridge Lending to Expand Your UK Property Portfolio

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Landlords in the UK face a range of challenges when managing tenancy agreements and ensuring the financial stability of their property investments. One financial tool that can help landlords navigate these challenges is bridge lending. Bridging loans can be an effective solution for landlords dealing with vacant periods

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Renters staying longer in homes despite insecurity concerns

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Despite the Labour government’s view that tenants face insecurity due to no-fault evictions, the English Housing survey reveals that renters are staying in their homes for longer.

According to the 2023-24 English Housing Survey, private renters now spend an average of 4.6 years in their current home.

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TML, Foundation and Landbay all reveal new BTL products

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The UK’s buy to let mortgage market is heating up, with several leading lenders introducing new products.

First up is The Mortgage Lender (TML) which has expanded its BTL range with two new two-year fixed rate 75% LTV products and a new five-year fixed 75% LTV multi-loan product.

View Full Article: TML, Foundation and Landbay all reveal new BTL products

Government sets targets to fix unsafe cladding by 2029

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The government have announced “tough targets” to fix all unsafe buildings with cladding by 2029.

The government says its Remediation Acceleration Plan will “ensure rogue freeholders are held to account” and could face severe financial penalties if they fail to act.

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Paragon and Fleet unveil new BTL mortgage rates

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Paragon Bank has announced a range of limited-edition buy to let mortgages with attractive rates and flexible options.

The new mortgages offer fixed interest rates for five years, with options to suit different financial needs.

Rates start from 4.74% for single self-contained properties with an EPC rating of A-C and a loan-to-value (LTV) of up to 65%.

View Full Article: Paragon and Fleet unveil new BTL mortgage rates

What Serious Property Buyers Are Most Interested In Right Now

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The property market is shifting, and it’s becoming clearer every day what serious buyers are really looking for: property companies and blocks of six or more properties. These investment opportunities aren’t just a trend — they’re the most efficient way for buyers to expand their portfolios while keeping costs down.

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Prune Your Portfolio: What to Sell and Keep

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Unlock the secrets of successful property investment with our latest episode: “Prune Your Portfolio: What to Sell and Keep.” Dive into expert insights as we explore investment strategies that help property investors navigate the ever-evolving property market.

Discover why some landlords are re-evaluating their portfolios amidst new regulations and market dynamics.

View Full Article: Prune Your Portfolio: What to Sell and Keep

The Death of the Family Landlord: Why Small-Time Landlords Are Disappearing—and What It Means for Tenants

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For decades, small, family-run landlords were the backbone of the UK’s rental market.

These landlords—whether they owned one property or a handful—played a vital role in providing affordable, well-maintained homes to millions of tenants. Many saw it as a way to invest for the future

View Full Article: The Death of the Family Landlord: Why Small-Time Landlords Are Disappearing—and What It Means for Tenants