Author: Coast to Country Lettings
In exciting news for tenants, landlords and letting agents in Seaford and the rest of the United Kingdom, the Tenancy Deposit Scheme (commonly referred to as the TDS) has launched a brand new charitable foundation. Its nominated goal is to help raise standards of practice in the private rented sector (usually shortened to PRS) and its benefits are set to be far-reaching. The organisation is fully registered as a charitable incorporated organisation with the UK Charity Commission, which plays the role of regulating, monitoring and assisting charities all over the country. Registration enables beneficiaries of the TDS charitable foundation to…
As part of the Big Energy Week, the National Landlords Association (NLA) is encouraging landlords to work with their tenants to reduce the amount they spend on heating and powering their homes. Big Energy Saving Week, which begins on 22nd October, aims to help people save on their fuel bills through informed advice about energy-saving measures and switching suppliers. According to Citizens Advice, 43% of people worry that they can’t afford their next fuel bill* and one in two say they foresee their energy bills putting a strain on their finances*. The NLA urges landlords to work with their tenants to…
It can be confusing to know what your role as a tenant is. As a tenant, you have certain responsibilities that you have to meet. Ensuring that you take these responsibilities seriously will keep a good relationship between you and your landlord, and make your tenancy go as smoothly as possible. Your role as a tenant First and foremost, you should always pay your rent on time. Rent is always expected one month in advance. The best way to make sure that your rent is always paid on time is to set up a standing order with your bank. If…
Moving into a new rental property can be very exciting, particularly if you are moving further afield or into somewhere significantly better than your old place. However, it can also be very stressful. If you want to limit the stress of moving day then this article will give you some advice on making it an extremely smooth and hassle-free process. Moving Day Tips The first thing you need to consider is the removal firm. Not all removal firms are created equal, so it’s best to get recommendations from friends or try and find reviews online before you hire a company.…
One of the biggest challenges for people renting a property is finding a good place. In most places, and Eastbourne is no exception, good properties are hard to find and go quickly once marketed. Living in a less than the ideal property can be incredibly depressing. If you want to secure a great rental property then follow these tips. Tips for looking for a rental property in Eastbourne Don’t start looking for a property too early. Landlords generally want to see a property tenanted within a month to six weeks. Ask agents to place you on their database – at…
In this country, people are generally encouraged to buy a home as soon as they can. The accepted wisdom is that owning your own home is far superior to renting one from someone else. Many people feel like owning a home is the only way to put down roots in an area or an essential part of growing up. However, these days renting is far from a second class option. It’s actually a fantastic alternative for people who value their freedom and independence. Rental Properties in Eastbourne as a Short Term Commitment Renting in Seaford is a short term commitment, whereas…
If you’re considering buying a property in Eastbourne to rent out, or renting out a property you already own, then your chief motivation will be to make a return on your investment. But how exactly is this achieved? Landlords can make money in two ways – capital growth, and rental income. Capital growth This is when your property increases in value. The capital growth return is the money that you make on the property when you sell it, minus the price you paid for it. Recently the appreciation on house prices has been extremely high, in Seaford as well as…
The law is extremely clear when it comes to the responsibilities that you will have when renting out a property. There are certain regulations that need to be adhered to, mostly for the safety of your tenants. Fortunately, none of these rules is complex or draconian. They are easy and fairly cheap to follow. The consequences of ignoring these regulations can be severe, so it is extremely important to make sure you understand them fully and comply. You’ll probably be aware of the fact that you will be required to undertake any necessary repairs to the property as and when…
Most landlords have faced this problem at some point in their career, including Seaford letting agents. The circumstances of their tenants change, or they failed to accurately assess their circumstances in the first place, and then they just stop paying their rent. It’s a nightmare situation, especially for landlords who rely on rental payments to meet the mortgage on a buy-to-let property or to pay for their own living expenses. Fortunately, it’s a problem that can often be avoided. Getting the Right Tenant Avoiding non paying tenants is mostly a matter of finding the right people to live in…
Over the years, we’ve spoken with many landlords who seek out a property management company in Seaford due to the sheer amount of work involved managing a property. As a landlord, you will be responsible for meeting certain costs related to your property. These costs can make novice landlords come unstuck. It’s important to budget well, and put aside a reasonable proportion of the rental income to account for them. You should also remember that these costs are still your responsibility whether you have tenants in the property or not. Insurance Premiums No one likes paying out for insurance, but…