Buy to let advice for property in Coventry

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Once you have decided on the type of tenants that are your target market. You are now in a position to begin your search for property in the Coventry area. Your search will be strongly dictated by the type of tenants you are looking for. If your target market is students or overseas tenants then you will be searching for properties either in Coventry city centre or at most a ten minute walk from the city centre or the Universities.… Continue Reading

Five important tips for landlords

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There have been many changes in property rental legislation in recent years. This has resulted in more pressure than ever for landlords to keep up to date with the legal updates. Here Matthew James Letting Agents Coventry have compiled a list of five key pieces of information that landlords should know. Inform your mortgage provider If you are renting your property the mortgage provider needs to be advised. When buying a new property to rent out the mortgage will need… Continue Reading

Tailoring your property search for a target market

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When looking for a property to purchase for the purpose of buy to let there are many things to take into consideration when choosing a property. Coventry like many major cities has a diversity of people who rent for a number of reasons. They can be roughly broken down into three main groups: • Private Tenants (either local or relocating from UK) • UK Students • Overseas Tenants (Students or on employment contracts) When buying a property to rent in… Continue Reading

Calculating Rental Yield

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As Letting Agents in Coventry we are often approached by investment landlords looking for properties with a good rental yield. What is rental yield? Rental yield is a calculation used by buy to let investors and landlords. The calculation gives a percentage of the annual rental income, against the purchase price of the property. There are many variable's to consider when buying a buy to let investment property, so it can be difficult to work out if a property is… Continue Reading

Coventry Letting Agents of the year 2016

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Congratulations to Matthew James Property Services Letting's department. Independent Estate Agents and Letting Agents review site www.allagents.co.uk have awarded Matthew James Letting Agents best Letting Agents in Coventry 2016 for customer services. Matthew James Property Services dedication to achieving the highest level of customer service is continuing to receive recognition and this is evident by the presentation of this award and the large number of positive reviews from past and present clients. What Matthew James Say Customer satisfaction is of the utmost… Continue Reading

January Sale Now On – Landlords Save £330.00

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To celebrate the New Year Matthew James Letting Agents Coventry are offering landlords who instruct their property to rent in January 2017 a completely free let. This is a saving of £275 + vat (£330.00), which is the standard minimum fee for letting a property. If you are currently considering renting your property, or have a property rented and the tenants are due to vacate shortly, contact Matthew James Letting Agents Coventry to take advantage of this significantly reduced fee.… Continue Reading

Letting Agents Tenant Fees Banned

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Yesterday Chancellor of the Exchequer Philip Hammond announced as part of the Autumn Budget 2016 the intention to ban tenant letting agent fees in England. This came as quite a shock especially considering that this was a Labour policy that was part of their manifesto in 2015 for the last general election, and was something that the Conservatives adamantly opposed. Bringing in this policy must surely come as a slap in the face to anyone who voted Conservative just over… Continue Reading

Council Propose £773 Fee For Landlords

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Coventry City Council are proposing a new mandatory Selective Licence Scheme in some parts of Coventry. If the scheme is passed all landlords within the areas effected will be liable to pay £773 to cover the cost of the scheme. The council are asking for feedback and the public consultation period runs until 6th November 2016. To have your say or to find out if your property is within the scheme's proposed area visit the Coventry Council Website  What Matthew… Continue Reading

Landlords Risking Prison Sentence

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Research on behalf of Saga shows that a quarter of landlords aged 50 and above do not meet the legal requirement of supplying a gas safety certificate on their rental properties. Failure to have a valid gas safety certificate can result in prosecution potentially leading to a £6,000 fine or a prison sentence of around six months. What is a landlords gas safety certificate? A gas safety certificate is a safety check of all gas appliances in a property. A certificate… Continue Reading