We offer a comprehensive, computerised management service to owners of every type of commercial and residential property.
Our management clients include institutions, property companies, family trusts and private individuals whose objectives may differ greatly. Some properties are held for imminent re-development; others for long term growth. Our team has a clear grasp of each client's requirements, formulates a strategy for every property, and ensures it is fulfilled.
We provide a full management service incorporating the collection of rent and service charges as well as dealing with the numerous, minor issues that can occur on a daily basis. Our unique property management process deals with major repair and maintenance contracts and dilapidations.
The objective of our management department is to maximise the value of every client's property portfolio. We achieve this through positive, strategic management, which enables us to seize and exploit market opportunities.
The department closely monitors the day-to-day management of our client's properties and we have a policy of continual liaison with tenants to ensure we meet their requirements.
More and more people are now living alone, which means more people are renting accommodation. Busy careers and the desire to travel extensively also mean that the average age of first-time buyers is increasing. As a result, wide ranges of mortgages are now available for people looking to invest in property to let. Buy-to-let mortgages offer homeowners the opportunity to purchase additional properties that they can use to rent out to tenants. This additional investment can be used as an extra income, or as a future asset.
Is buy-to-let right for you? Have a look at this brief guide and find out how you can get the best return on your buy-to-let investment.
Over time, property is a sound bet for a good return on investment. The home you purchased ten years ago is likely to have risen in value way above the normal rate of inflation and in some cases prices have doubled over that period!
Investing in property therefore, can be a worthwhile investment, and if you rent out the property you will be able to keep up the repayments on your additional mortgage.
With more people renting rather than buying you shouldn't have much trouble finding tenants, but it’s worth checking beforehand that you're not purchasing a property in an area that already has more supply than demand.
It’s also easier now to evict troublesome tenants. The 1988 Housing Act has given landlords more power to evict repeat offenders.
Essentially, purchasing an additional property is an investment, which means you must decide whether you want to help that investment to grow or use it as additional income. If growth is your primary goal then city centre locations can offer high levels of return. However, as the majority of rental property is concentrated in city centres, competition for tenants is usually higher.
If you're looking to use your rental property as a vehicle for additional income, then consider suburban areas where properties will generally be cheaper and the rent lower, so relative returns are likely to be greater over the long term.
Once you have found your property, the next step is to find a letting agent to help you draw up the necessary documentation, find suitable tenants and collect rent, that is unless you intend to become a landlord on a full-time basis, and to develop a portfolio of properties to use them as your main income.
Letting agents normally charge around 10%-15% of the agreed rent, but this can vary subject to the work you ask them to do for you. It is advisable to budget for this when you make your initial purchase and set you rent figures.
You should find a letting agent who is a member of a deposit protection scheme. It means that they must join a bonding scheme which will protect not only your rent but also your tenants' deposits, should the agent go bust or misappropriate these funds.
Your daily obligations as a landlord will largely depend on the level of responsibility and work you agree with the letting agents. However, as the owner, you'll be responsible for the property’s upkeep, as well as building and contents insurance.
You must also make sure that any gas or electrical equipment passes safety checks and complies with the relevant regulations. Also, remember that maintenance costs, such as cleaning, gardening and your agent's commission can be offset against tax.
Take a few moments to supply some information with your registration and one of our client relationship managers will contact you back with a tailored package to suit you. Please use the notes field at the end to add any additional information not covered in the form directly.