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In the past, landlords would have been happy to purchase on older property stock and make improvements – perhaps adding value along the way. Today, however, there is a perfect storm of factors casting a cloud over investing in resale buy-to-lets. 

Irreverently known as the ‘Bank of Mum and Dad’, cash contributions from parents and even grandparents are on the rise. In fact, an estimated £25 billion is expected to be lent to children over the next three years, with almost half of all first-time buyers having to rely on family to fund part or all of their deposit.

Whether you’re sitting on a cash lump sum, have equity in your property or have a good credit history, there are a number of ways to help a child save for a deposit. In this article we answer the most commonly asked questions about the Bank of Mum and Dad.

The latest research and data from BTL specialists, Landbay, has revealed that as many as 75% of all UK tenants are happy to rent, and a third of those are happy to rent forever.

Did you try to cut costs when moving your tenant in, eschewing the option of an inventory? Or perhaps you found the tenant yourself and have never even heard of an inventory before? This article will explain why every rental property should have an inventory and why you could be in trouble if you don’t.

Have there been any other offers? – The price of any other offers and the buying circumstances of the offeror is confidential; the agent will not be able to disclose this. But, by asking this question, you will be able to find out if any offers are currently being negotiated, i.e., competition for you to buy. This will somewhat lessen your negotiation power, and you might want to make your initial offer slightly higher.

Gove stated in an interview with Sky News that the new legislation will alter the dynamics between landlords and tenant.

Follow the sun. Place your seating areas around the garden in prime sunny spots. This could mean that you have an area that catches the morning sun, a lovely place to enjoy a peaceful morning coffee with nothing but the birds for company.

Many Southport tenants are annoyed with competing for Southport rental properties at high rents. Therefore, over the last 12 months, many renters have been stretching their finances to get on the Southport housing ladder, despite sky-high mortgage rates.

First and foremost, as a letting agent, we know what a good deal looks like. In fact, we get to know about deals before any other landlord. If you aren’t on our books, you could be missing out on great Southport buy-to-let deals.

“Ready to experience the pure joy of homeownership? 🏡💕 That feeling when you finally sign on your new Southoport home and start a new chapter in life could be yours soon! Let us help you find your dream home and make your homeownership dreams a reality.” register with us https://www.ajestateagents.co.uk/