What Happens To Your Mortgage When You Sell Your House and Buy Another Buying a house is one of the most significant decisions in your life. It's also one of the most important. Your house is a great place to live. Having a mortgage can make it easier for you to afford your next house and allow you to take out a loan to cover the costs of the house. But what happens to your mortgage when you sell… Continue Reading
Buy to let advice for property in Coventry. Once you have decided on the type of tenants in your target market, you are now positioned to begin your search for property in the Coventry area. Your inquiry will be strongly dictated by the type of tenants you are looking for. Suppose your target market is students or overseas tenants. In that case, you will search for properties either in Coventry city centre or at most a ten-minute walk from… Continue Reading
Tailoring your property search for a target market 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… Continue Reading
Calculating Rental Yield As Letting Agents in Coventry, we are often approached by investment landlords looking for properties with an excellent rental yield. What is rental yield? Rental yield is a calculation used by buy to let investors and landlords. The total gives the annual rental income percentage against the property's purchase price. There are many variables to consider when buying a buy-to-let investment property, so it can be challenging to determine whether a property is a good… Continue Reading
Letting Agents Tenant Fees Banned 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… Continue Reading
