Dunstable and Houghton Regis Property Blog
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Welcome to the Dunstable and Houghton Regis Property Blog and the author Daniel Bourke who is the owner of Belvoir Lettings in Dunstable and offers advice and guidance to all property investors, especially new Buy to Let investors who require some help to purchase the right property in the right area.
Dunstable and Houghton Regis Property Blog
2y ago
Landlords should be aware of the New Electricity Regulations from 1 July 2020
The introductions of the new regulations had been expected for the last year or so, but were delayed by Brexit and the General Election. These have now been published in draft form.
On the advice of our electrician we have been advising landlords to wait to have any electrical testing done unless it was absolutely necessary so as to avoid having to re-test if the requirements announced were different to the current regulations. As the new regulations must comply with the 2018 edition of the IEEE ..read more
Dunstable and Houghton Regis Property Blog
2y ago
The Smoke and Carbon Monoxide Alarm (England) Regulations 2015 came into force on the 1st October 2015 and 3 years later I am still surprised at the number of properties I am asked to manage for a private landlord where I find they are not aware or have not complied with the regulations and therefore risk a £5000 fine and more to the point the safety of their tenants.
Before the 1st October 2015 there was no requirement for a smoke alarm to be fitted in a residential rental property unless it was a HMO although I always insisted on at least one smoke alarm being fitted in every property ..read more
Dunstable and Houghton Regis Property Blog
2y ago
Find out what our Landlords and Tenants say about us on AllAgents
The post Belvoir Lettings Dunstable win Gold for Best Letting Agent and Customer Experience on AllAgents Review Site appeared first on Dunstable and Leighton Buzzard ..read more
Dunstable and Houghton Regis Property Blog
2y ago
Many landlords who have been renting out a property with possibly 3 – 4 bedrooms to sharers without the requirement for a HMO licence are not aware of the new legislation which came into force on the 1st October 2018.
This was highlighted to me last Thursday when I carried out a viewing at a 3 bedroom property we have in Dunstable. The viewer turned out to be an investor looking to turn the house into shared accommodation using a ‘Rent to Rent’ strategy. This could include couples sharing the double bedrooms.
What is ‘Rent to Rent’ ?
This is an investment strategy which has increased in popula ..read more
Dunstable and Houghton Regis Property Blog
2y ago
I have taken the last few weeks to assess what is currently happening in the UK housing market and economy at the moment. It would seem to me that the with the rental/sales market the way it is there is more to be gained from ensuring that landlords are making the most out of their current properties whilst looking for opportunities in a subdued sales market.
There are many mixed messages coming out at the moment:
· Unemployment down
· More people in work than ever before
· &n ..read more
Dunstable and Houghton Regis Property Blog
2y ago
There is good news for Leighton Buzzard buy to let landlords as ‘top of the range’ well-presented properties are getting really decent rents compared to a year ago however, this rise in rents is thwarting many potential first time buyers from saving for both a deposit and money for a rainy day. On top of this, there is also a shortage of Leighton Buzzard homes coming on the market thus adding fuel to the slowdown and affecting not just Leighton Buzzard first time buyers but also those going up the housing ladder.
Whilst it is true that the Government’s initiatives, targeted at improving the su ..read more
Dunstable and Houghton Regis Property Blog
2y ago
It’s been over 18 months since Sajid Javid, the Tory Government’s Housing Minister published the White Paper “Fixing the Broken UK Housing Market”, meanwhile Dunstable & Leighton Buzzard property values continue to rise at 7.3% (year on year for the council area) and the number of new homes being constructed locally bumps along at a snail’s pace, creating a potential perfect storm for those looking to buy and sell.
The White Paper is important for the UK and Dunstable & Leighton Buzzard people, as it will ensure we have long-term stability and longevity in property market ..read more
Dunstable and Houghton Regis Property Blog
2y ago
Nearly 3 babies have been born for every new home that has been built in Central Bedfordshire since 2012, deepening the Dunstable & Leighton Buzzard housing shortage.
This discovery is an important foundation for my concerns about the future of the Dunstable & Leighton Buzzard property market – when you consider the battle that todays twenty and thirty somethings face in order to buy their first home and get on the Dunstable & Leighton Buzzard property ladder. This is particularly ironic as these youngsters’ are being born in an age when the number of new babies born to new ..read more
Dunstable and Houghton Regis Property Blog
2y ago
The simple fact is we are not building enough properties. If the supply of new properties is limited and demand continues to soar with heightened divorce rates, i.e. one household becoming two, people living longer and continued immigration, this means the values of those existing properties continues to remain high and out of reach for a lot of people, especially the blue collar working families of Dunstable & Leighton Buzzard.
Looking at some recent statistics released by the Government, the ratio of the lower quartile house prices to lower quartile gross annual salaries in Central Bedfo ..read more
Dunstable and Houghton Regis Property Blog
2y ago
A noteworthy number of buy to let landlords in Britain plan to buy more properties over the next year notwithstanding the frustrations, challenges and seismic changes in the private rented sector. According to Aldermore, the specialist Buy To Let lender, their research shows around 41% of portfolio buy to let landlord’s objective is to grow their buy to let portfolio (Portfolio landlords are landlords that own more than one property).
So, I thought, “Are Dunstable & Leighton Buzzard landlords feeling the same?” If so, if these numbers were applied to the Dunstable & Leighton Buz ..read more