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

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

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