Tag: buy_to_let_advice

Five important tips for landlords

Posted on by currant

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

Landlords Risking Prison Sentence

Posted on by currant

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

Calculating Rental Yield

Posted on by Matt

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