t has been announced that David Cameron is to bring in mandatory licensing of residential landlords to clamp down on illegal immigrants.
A trial that was conducted in the Midlands is to be rolled out throughout the country, meaning that landlords (and letting agents?) will have to inspect and confirm that all tenants that are looking to stay in their properties are in the UK legally.
There are no further details available at this time, but you can see the Prime Ministers full speech HERE
Saturday, 23 May 2015
Sunday, 5 April 2015
Virotti help new Buy to Let Landlords in Swanley
Over the past few months we have delivered our printed Swanley Property Report newsletters to various property landlords, investors, solicitors and accountants as well as householders within the Swanley area.
The Swanley Property Report newsletters explain a little about the current Rental market in Swanley and offer an advice line, for any potential investors, should anyone have any questions.
In this edition I would like to explain what we are doing for a few "new" property investors who are looking to safeguard their future by investing in property rather than leaving their money in a bank account offering very little in the way of returns.
Discussions have been taking place over the past few weeks with our new investors and a confidential chat between them and our mortgage expert have enabled them to not only obtain a Buy To Let (BTL) mortgage, but pay less on the "household" mortgage and BTL mortgage combined, than they were paying just for their main residence!! The interest rates are really offering an amazing opportunity at the moment, and offering unequalled opportunities to start on the property ladder without breaking the bank.
The biggest challenge is deciding which type of property to purchase for the rental market. A lot of this is dictated by the available budget obviously, and a property in the right location, will rarely fail to deliver a good rental yield and strong resale value should you decide to sell the property.
We are happy to advise our clients on the available properties that are in their price range with the local agents and even accompany them to viewings to establish any potential concerns and any works that would need to be undertaken to achieve the best rental income.
Virotti also advise the landlords on the items that they need to provide for their tenants such as white goods, and organise all of the obligatory certificates such as the Energy Performance Certificate (EPC) if required and the Gas Safe Certificate for Gas appliances, as well as providing a Carbon Monoxide detector for the property (soon to be law).
Once a property has been found and purchased, Virotti will source suitable professional tenants, ensure that they are fully reference checked and get them moved into the property with no headaches or hassle for the landlord; ensuring that their rental payments are flowing into their accounts as quickly as is possible.
Virotti will regularly keep in contact with each properties tenant and visit the property to ensure that the property is being looked after as it should and to carry out repairs or maintenance on any small issues before they get a chance to become big issues.
A 24 Hour emergency contact number is given to all of our Rental properties, so that whenever a problem arises, it is repaired as soon as practicable, usually at no cost to the landlord* !! If your already a landlord and your current agent does not provide this service, maybe you should contact Virotti for a chat?
As ever, if you have any questions relating to the local Property market, feel free to pick up the phone or e mail me and I will be happy to discuss things with you.
The Swanley Property Report newsletters explain a little about the current Rental market in Swanley and offer an advice line, for any potential investors, should anyone have any questions.
Discussions have been taking place over the past few weeks with our new investors and a confidential chat between them and our mortgage expert have enabled them to not only obtain a Buy To Let (BTL) mortgage, but pay less on the "household" mortgage and BTL mortgage combined, than they were paying just for their main residence!! The interest rates are really offering an amazing opportunity at the moment, and offering unequalled opportunities to start on the property ladder without breaking the bank.
The biggest challenge is deciding which type of property to purchase for the rental market. A lot of this is dictated by the available budget obviously, and a property in the right location, will rarely fail to deliver a good rental yield and strong resale value should you decide to sell the property.
We are happy to advise our clients on the available properties that are in their price range with the local agents and even accompany them to viewings to establish any potential concerns and any works that would need to be undertaken to achieve the best rental income.
Virotti also advise the landlords on the items that they need to provide for their tenants such as white goods, and organise all of the obligatory certificates such as the Energy Performance Certificate (EPC) if required and the Gas Safe Certificate for Gas appliances, as well as providing a Carbon Monoxide detector for the property (soon to be law).
Once a property has been found and purchased, Virotti will source suitable professional tenants, ensure that they are fully reference checked and get them moved into the property with no headaches or hassle for the landlord; ensuring that their rental payments are flowing into their accounts as quickly as is possible.
Virotti will regularly keep in contact with each properties tenant and visit the property to ensure that the property is being looked after as it should and to carry out repairs or maintenance on any small issues before they get a chance to become big issues.
A 24 Hour emergency contact number is given to all of our Rental properties, so that whenever a problem arises, it is repaired as soon as practicable, usually at no cost to the landlord* !! If your already a landlord and your current agent does not provide this service, maybe you should contact Virotti for a chat?
As ever, if you have any questions relating to the local Property market, feel free to pick up the phone or e mail me and I will be happy to discuss things with you.
 |
| Virotti MD - Mark Salter |
Sunday, 23 November 2014
Why Swanley is the perfect area for Landlords & Tenants
With property prices in London and the surrounding areas increasing in value week by week rather than month by month, affordability is now more of a problem than ever.
If people cannot afford their own property - or as we are increasingly finding, even people that can afford their own mortgage are choosing to Rent for various reasons - Rental properties are the only answer!
At Virotti, we can help Landlords in every aspect of their Property purchase - from putting them in touch with our recommended Mortgage Advisor that specialises in Buy to Let Mortgages, specialist property solicitors that will ensure their investment is carried out in the best possible way and other important services.
Swanley represents a great investment opportunity for Landlords as property prices are lower than most London suburbs and yet has fantastic transport links for both the London and local commuters.
Swanley train station with its services to London Victoria and London Blackfriars can get Swanley residents to the heart of the capital within 30 minutes, and the road network of being adjacent to the M25/M20/A20 and A2 means that local workers in the Dartford, Sidcup, Bexleyheath, Welling, Blackheath areas are able to get to their place of work easily.
If you are an experienced Landlord or just somebody who is thinking of stepping onto the property rental ladder, I am always happy to talk about our local property market and will help however much or little you require.
Pick up the phone and lets get talking.
Mark Salter
Tel: 01322 667 671
Virotti
If people cannot afford their own property - or as we are increasingly finding, even people that can afford their own mortgage are choosing to Rent for various reasons - Rental properties are the only answer!
At Virotti, we can help Landlords in every aspect of their Property purchase - from putting them in touch with our recommended Mortgage Advisor that specialises in Buy to Let Mortgages, specialist property solicitors that will ensure their investment is carried out in the best possible way and other important services.
Swanley represents a great investment opportunity for Landlords as property prices are lower than most London suburbs and yet has fantastic transport links for both the London and local commuters.
Swanley train station with its services to London Victoria and London Blackfriars can get Swanley residents to the heart of the capital within 30 minutes, and the road network of being adjacent to the M25/M20/A20 and A2 means that local workers in the Dartford, Sidcup, Bexleyheath, Welling, Blackheath areas are able to get to their place of work easily.
If you are an experienced Landlord or just somebody who is thinking of stepping onto the property rental ladder, I am always happy to talk about our local property market and will help however much or little you require.
Pick up the phone and lets get talking.
Mark Salter
Tel: 01322 667 671
Virotti
Saturday, 28 June 2014
The
national property market is certainly in recovery and house prices are on the
increase, but how affordable is property in the Swanley area?
A
simple trick of the trade to help you judge the affordability of a town is to
work out the ratio of average property prices to average salaries. The lower
the ratio, the more affordable the property is.
Our
research has found that Swanley (BR8 postcodes) currently has an average
property value of around £251,600 and an average salary of £20,490.
This
gives a ratio of 12.28 which is higher than the National average of 9.36.
Bromley,
BR7 postcode, has an average property value of £486,800 with an average salary
of £34,470 and a Price/Earnings ratio of 14.12.
Meanwhile
in Orpington (BR6) the ratio of property values to salary is 13.33 with an
average salary of £29,610 and average property price of £394,700.
We
also had a look at Bexley (DA8) and found that the average salary there is £18,307,
but average property prices are £180,000 giving a ratio of 9.83.
Taking
the above information into account, now could be a brilliant time to consider
investing in the Swanley property market.
______________________________________________________
Some facts about the Swanley
(BR8) property market!
The least expensive streets in Swanley are: Inglewood (43 properties), Hibbs
Close (41 properties), Bevan Place (36 properties), Nightingale Way (36 properties) and Station Road (5
properties).
The most expensive streets in Swanley are: Hotham Close (20
properties), Hogs Orchard (5 properties), Hockenden Lane (30 properties), Squires
Field (12 properties) and Clement Street
(34 properties).
The highest turnover streets are: Claremont Road (277 properties with 243
transactions), Oakleigh Close (123 properties with 231 transactions), Swanley Lane
(183 properties with 188 transactions), Northview (258 properties with 112
transactions and Glendale (117 properties with 105 transactions).
The above figures are
taken from information gathered since 1995.
______________________________________________________
Whether
you are a new landlord or an existing landlord, I don't charge for my advice because
if I offer you the best opinion and we build a relationship, then you might
(and there is no obligation or expectation to this) just use me to manage those
properties and so I have plenty of time to earn money from you by looking after
your buy to let property for years to come, a property that we jointly decided
met your requirements for the investment ..... because that is what it is .....
an investment.
So,
feel free to call for a chat about the property market in our town.
Tel: 01322 667 671
www.Virotti.co.uk
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