Face-to-face mortgage advice to suit your needs

21 06 2017

mab

Mortgage Advice Bureau is one of the UK’s largest mortgage brokers in the UK with over 50 awards won the past 5 years. We have local advisers available who can search over 11,000 different mortgages from a selection of 90 different lenders to take the hassle and stress out of finding a mortgage.

Mortgage Advice at Belvoir Stoke on Trent

Mortgage Advice Bureau work with Belvoir Estate Agents to provide expert mortgage advice in Stoke on Trent and the surrounding areas.

Our advice will be specifically tailored to your needs and circumstances which could be for your first home, moving home, investing in property or remortgaging.

Mortgage Advice Bureau

Do what’s right for you

 

For mortgage advice call us on 01782 767065





Properties NEEDED in Stoke

2 06 2017

Stoke-On-Trent Properties Wanted

 

belvoirlet

Quality properties required for rental or to sell…

Welcome to Belvoir Stoke on Trent. We are the number one property letting agent in the Stoke area and we pride ourselves on being able to serve the needs of all of our tenants and landlords alike.

For Tenants, we offer tidy, clean properties of the highest standard and with us, there are no hidden fees.

For LandLords, we offer piece of mind at every stage of the property management solution we provide.

We always require quality properties to let or to sell , whether it be 1 bed or 5 bed, we have tenants waiting.

So if you are considering becoming a landlord, or changing letting agents, now is the time!

 

 

Contact Belvoir Stoke today





Tenants, be officially young (foolish?) and happy!

7 03 2017

Tenants, be officially young (foolish?) and happy!

Tenants, be officially young (foolish?) and happy!

Happy, and increasingly younger, tenants are paying less and staying longer in their homes. Those are today’s findings from the English Housing Survey (EHS), conducted by the independent Office of National Statistics (ONS), which will come as music to landlords ears.

In 2015-16, the private rented sector accounted for 4.5 million or 20% of households. Of these a large portion of are aged between 25-34 years old. In 2005-06, 24% of those aged 25-34 lived in the private rented sector. By 2015- 16 this had increased to 46%.  Over the same period, the proportion of 25-34 year olds buying with a mortgage decreased from 53% to 35%.

Despite on-going calls for new legislation imposing mandatory 3-5 year tenancies, the survey also finds the current average time a tenant lives in their home to be over 4 years.  There is a saying that comes to mind: If it ain’t broke…

The ONS also find that, by every metric they measure it, that rents as a proportion of household income has actually gone down over the last year. On average households spent 35% of their total income on rent.  This backs up evidence from the (also independent) National Audit Office, which found that, with the exception of London, rents rose slower than the rise in median incomes.

Energy efficiency in the PRS is also continuing to improve.  Properties in the F&G efficiency bands are down from 10.6% in 2013-14, to just 6.3% in 2015-16.  From April 2018 landlords must ensure that properties they rent in England and Wales reach at least an EPC rating of E before granting a tenancy to new or existing tenants.

It is therefore not surprising that satisfaction amongst renters is found to be high (7.5), higher than those that rent socially.  The EHS also found in previous surveys that satisfaction with their landlords was in the high 70% bracket.

These official figures are welcome news but they don’t mean more can’t be done. Of course there are issues within the PRS which demand improvement. Our message however has not changed. In a well intentioned rush to do something, law makers should not forget that the market is generally working well for the vast majority of tenants.

The vast majority of the sector is professional and business-like. For too long it has been tarnished by criminals who use it to make a quick buck at the expense of vulnerable tenants, knowing local councils are under-resourced and ill-equipped to prosecute them.

The best way to speed up improvements in the sector will not be through more legislation and the demonisation of landlords, but through funding proper enforcement of existing laws and recognition in the tax system of the vital role landlords play.

It is often said the facts speak for themselves.  However, it’s clear that in this case they may need a little help.  We will keep cutting through the urban myths surrounding the PRS leaving tenants to be young, to be foolish but (crucially) be happy.

 

written by the National Landlords association





17% of UK rental properties could be unfit by 2018

15 02 2017

17% of properties on the private rental market could become unrentable by 2018, should Government plans for new legislation go ahead.

New research from Urban.co.uk suggests that the Energy Efficiency Regulations passed in 2015 could lead to a number of properties being unfit. This is a concern given the existing supply/demand imbalance.

Energy Efficiency Regulations

The 2015 Energy Efficiency Regulations set out minimum energy efficiency standards for England and Wales. The legislation makes it unlawful for landlords to offer a new tenancy agreement on properties with an Energy Performance Certificate (EPC) rating below E from the 1st April.

Urban’s Landlord Knowledge Survey Report questioned around 4,000 UK landlords on a number of issues relating to the UK market. It suggests that many current private landlords are unaware that a large chunk of homes available in the rental market are currently below the minimum energy efficiency standards proposed.

Adam Male, co-founder of Urban.co.uk, said: ‘One reason to explain the lack of industry knowledge could be due to the recent influx in new regulations, which have flooded the rental market. With landlords facing more changes than ever over the past couple of years, it is no surprise that many find it tricky to keep up-unfortunately that’s no defence should it all go disastrously wrong.’[1]

17% of UK rental properties could be unfit by 2018

Planning

Planning and preparation will be needed in order to mitigate the impact of the new legislation. Landlords are being urged to act now to make sure their properties come up to at least an E standard.

Danny Luke, managing director at Quick Move Now, observed: ‘It is commendable that the government is keen to improve the quality of rental property, but for the proposed new legislation to be workable, a great deal of thought will need to go into how landlords can be supported to make the necessary changes. This is especially true in light of the government’s decision to stop funding Green Deal improvements.’

‘If significant energy efficiency improvement work is likely to be required, landlords will need support if we want to ensure a vibrant and efficient private rental market in the coming years,’ Luke added.

 

Belvoir Stoke can help landlords to stay legal

Email Us:
Stoke-On-Trent@BelvoirLettings.com

written by landlordnews.co.uk  




Buy-to-let landlords undeterred by stamp duty surcharge

1 02 2017

Buy-to-let landlords undeterred by stamp duty surcharge

The number of second homes liable to pay stamp duty increased to 62,800 in the final quarter of last year, up from 56,200 in Q3 and 30,400 in Q2, suggesting that many people believe that investment in buy-to-let property is still worth pursuing.

The introduction of the 3% levy on stamp duty in April 2016 was expected to sound a death knell for buy-to-let property. But the fact is that many investors remain attracted by the high yields, low void periods and potential for capital appreciation that buy-to-let offers to be deterred by the introduction of the surcharge.

Instead of steering clear of the market, many buy-to-let landlords continue to add to their property portfolios, as reflected by the significant increase in the amount buy-to-let investors borrowed to invest in property towards the end of last year.

Landlords borrowed £3.2bn in November 2016, up 10% month-on-month, the Council of Mortgage Lenders (CML) said, which was the highest monthly level since the stamp duty changes on second properties were introduced last April.

The government has made £519m from the 3% surcharge on second homes in Q4 2016 – and £1.19m since Q2 2016.

As well as buy-to-let investors, the second home 3% stamp duty tax can apply to those purchasing holiday homes and parents buying for children, for example.

Commenting on the HMRC’s latest quarterly stamp duty statistics, Nick Leeming, Jackson-Stops & Staff chairman, said: “So far £1.19m worth of stamp duty receipts are estimated to be attributable to the additional 3% element payable on second homes, a significant windfall for Treasury coffers.

“Between Q2 and Q3 the number of second homes liable for the 3% surcharge nearly doubled. This increase is understandable as many buy-to-let investors would likely have rushed to make purchases before April 1st, but the number of liable second home transactions is up again in Q4 to 62,800.

“The data suggests that buy-to-let investors are not being deterred by the new tax which is supposed to be dampening demand from this group to the benefit of first-time buyers. We will see the true impact of this policy in time, but my fear is that additional costs will be passed on to tenants.

“The better solution is a real concerted drive to build more homes, rather than targeting buy-to-let investors – I hope the upcoming Housing White Paper contains a real blueprint for change in this regard.”

Email Us:
Stoke-On-Trent@BelvoirLettings.com

or Call us on 01782 478444

from landlordtoday.co.uk





Makes it all worth while

25 01 2017

We love surprises and gifts at Belvoir Stoke. We got two gifts from the same #landlord. Having sold a property for them recently, they just wanted to show how grateful they were…

Belvoir Stoke  works hard for all our landlords and #tenants we offer a comprehensive management service. If you opt for full management we can completely take care of your property so that you don`t have to worry about it.

We have the experience to find you the best tenants and ensure the best return on your property, whilst minimising vacancy time and saving you money.

Belvoir Property Management take every advantage of technology in our marketing and business activities including electronic banking and use of digital cameras to transfer images of properties. We maintain a computer database of tenants and their requirements. These all contribute to an efficient user friendly service.

Belvoir Stoke can also sell your property Call the team on 01782 478444 to get started TODAY! 

 

 

 





HOPE FOR BETTER RENTED HOUSING IN 2017

21 01 2017

 

 Nationwide expert Belvoir views prospects with optimism for year ahead.

 

 

The Stoke office of property specialists, Belvoir, will be part of a nationwide drive to integrate the private rented sector more positively into the government’s housing plans for 2017.

Despite government changes and fresh challenges in the ‘buy-to-let’ market, the future for rented property will continue to be one of the best bets for the country’s growing number of tenants as well as landlords, says the company.

“We’re starting the new year with more optimism than we’ve had for some time,” says Alejandra, who owns the Belvoir Stoke office…

“Although the market is likely to be slowed down by the threat of stricter ‘buy-to-let’ rules – including tougher affordability checks for buy to let mortgages and the withdrawal of tax relief on mortgage interest – we are still reporting an increase in demand for houses to rent.

“If you are a cash investor, or perhaps an ‘accidental landlord’ who has inherited a property with no mortgage repayments, you can expect a very healthy return on your investment – far better than you could achieve from mainstream savings products.

“So, a priority in 2017 will be to carry on sourcing more local, good quality rental accommodation to satisfy both landlord and tenant client demand across the board.”