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.”

 





More buy-to-let landlords turn to bridging finance

18 01 2017

belvoir-bridgingfinance

The Bank of England’s decision to crack down on buy-to-let lending through the introduction of tighter borrowing rules and stricter affordability tests mean that increasing numbers of landlords are turning to less conventional forms of finance in order to carry on investing in the buy-to-let market.

According to the findings of a new Broker Sentiment Survey, conducted by bridging loan lender MTF, 84% of brokers were unable to source a buy-to-let mortgage for some of their clients in the final quarter of last year, with more than a quarter – 27% – attributing affordability as the main barrier.

One in five of the brokers surveyed said they were unable to get buy-to-let mortgages for clients with adverse credit and equally, 20% blamed consumer buy-to-let regulations.

But while buy-to-let lenders deal with the latest interventions by the Prudential Regulation Authority, business in one often-overlooked corner of the market is currently booming.

Demand for bridging loans – short-term secured loans designed to bridge a temporary cash shortfall when acquiring a property – has surged, as reflected by this latest poll.

The study found that 69% of brokers opted for bridging finance after being unable to raise a buy-to-let mortgage for their clients in instances where time is of the essence. Some 8% of brokers opted for secured loans as an alternative.

Bridging loans were once perceived as a ‘last resort’ lending option. But with a growing number of borrowers attracted to the greater flexibility offered by alternative finance providers, including no minimum term and no exit fees, it is now expanding fast, with 31% of brokers noticing a rise in bridging loan volume in Q4 2016, up from 13% in the previous quarter.

The South East saw the biggest demand for bridging loans in the UK at 50%, up from 29% in Q3.

 

written by .landlordtoday.co.uk/

 

For Mortgage advice speak to the Belvoir Stoke team on 01782 767065 or click here: Mortgage advice 





£300,000 to boost Stoke-on-Trent’s tourist economy

11 01 2017

stokearts

Stoke-on-Trent’s cultural credentials have been given a £300,000 boost, at a time when the city is bidding to be the UK City of Culture in 2021.

The investment comes from Arts Council England’s Cultural Destinations programme which gives arts and cultural organisations the resources they need to increase their reach and impact by working with the tourism sector.

Led by Stoke-on-Trent City Council, the £300,000 investment will support local arts and cultural organisations to team up with partners including Visit Stoke and The Potteries Museum and Art Gallery to attract visitors to the city.

The funding will support market research and evaluation, improved visitor information and the mapping out of a new year-round cultural programme for the city with seasonal highlights aimed at attracting visitors.

Councillor Terry Follows, cabinet member for greener city, development and leisure, said: “This funding is a wonderful opportunity to develop cultural tourism in Stoke-on-Trent. Arts Council England is already providing funding to the city through the Creative People and Places programme. The scheme, delivered by Appetite, is having a huge impact on encouraging people to take part in arts activities and has already helped thousands of people experience and be inspired by art.

“This new funding will build on that by strengthening the visitor economy in the city. It will help us to improve infrastructure, developing sustainable and creative working partnerships between culture and tourism sectors. It comes at a fantastic time as we are bidding to be UK City of Culture 2021.”

Councillor Abi Brown, deputy leader and lead member for Stoke-on-Trent’s City of Culture 2021 bid, said: “Our vision is to achieve a more joined-up approach to cultural tourism, creating a stronger year-round cultural offer with seasonal highlights to attract more and different types of visitors, especially visitors who make overnight stays and spend money in the local economy. Our city has a huge amount to shout about, from being the home to world-leading ceramic design and manufacture, to helping to be the birthplace of the Northern Soul movement, to displaying the Staffordshire Hoard, the biggest ever haul of Anglo Saxon gold, found right in the middle of Staffordshire. We have hundreds of highly creative businesses and individuals. We are committed to raising awareness of the many highlights that our city has to offer and this funding will help us to deliver that, improving our city’s cultural offer and linking to the City of Culture bid.”

A total of £800,000 will be invested in five projects across the Midlands.

Peter Knott, Midlands area director, Arts Council England, said: “This investment presents a really exciting opportunity to put art, culture and creativity at the heart of plans to bring both domestic and international tourists to Stoke-on-Trent. Over the coming years we hope to see these new partnerships and joined-up approach encourage growth in the local visitor economy.”

 

From .stoke.gov.uk





Buy-to-let landlords ‘will naturally gravitate north’ in 2017

9 01 2017

buy-toletmanchestermap-400x310

There has been a significant drop in the number of buy-to-let landlords snapping up properties following the government’s outright assault on the industry, and the signs are that the volume of buy-to-let transactions are unlikely to increase any time soon, not unless the government reverses recent tax increases and unnecessary regulation in the buy-to-let sector.

Buying property has long been considered to be a safe investment, but the government’s ‘war on landlords’ means that buy-to-let suddenly looks like an unattractive proposition for some people, according to Paul Smith, CEO of haart estate agents.

“The buy-to-let market has been severely stung by the government’s war on landlords,” said Smith. “In some parts of the country, especially London, a buy-to-let property no longer makes the same return it once did.”

While some landlords will undoubtedly pass extra costs onto tenants by increasing rents, various experts believe that others will simply consider exiting the market due to the government’s new rules as renting becomes financially unsustainable for them.

However, Smith does not expect to see landlords with low profit margins exit the market, but rather concentrate more on investing for high yields, with many shrewd investors already recognising that the north of the country, not London, is where the best yields can typically be found.

“Investors will naturally gravitate north where values are cheaper and yields are higher – you can pick up a small portfolio of two bedroom terrace properties in Doncaster for the same price as a one bedroom flat in a new build London development,” he added.

written by landlordtoday.co.uk





21 wardrobe ideas you can easily copy in a weekend

5 01 2017

If your wardrobe has seen better days and could do with a revamp, what would you say to a little burst of cool closet inspiration? Well, that’s exactly what we’ve got for you today, in the form of 21 wow-factor wardrobes that have great ideas you can pinch. Seriously, you won’t get in trouble for copying these!

While your bedroom is normally the room that hosts most of your prancing  and preening, it’s your that wardrobe does all the hard work of keeping your clothes safe and ready to wear, so shouldn’t we show it a little love with some interior designer-inspired upgrades?

We think so, so let’s get to it!

1. Simplicity can be key

eclectic Bedroom by Zoom Urbanismo Arquitetura e Design

So fit a closet into an existing wall niche for a built-in look.

2. Be creative with a dead space

modern Dressing room by meine möbelmanufaktur GmbH

Such as a loft cupboard. It could be an amazing closet!

3. Corners aren’t much use really

eclectic Dressing room by Студия авторского дизайна ASHE Home

But you can turn them into super wardrobes that give your clothes some breathing space.

4. How about treating your wardrobe to some organising boxes?

modern Dressing room by Grange México

Grange México

Now, that’s a neat idea.

5. A separate space for shoes is a must

Full House Renovation with Crittall Extension, London: modern Dressing room by Holland and Green

Especially if you’re something of a collector! The last thing you want is a prized stiletto making a kebab out of an evening gown.

6. How about converting a spare room into a walk-in wardrobe?

modern Dressing room by TODOMADERA ESTEPONA

A bit extravagant? Possibly. Blissful? Definitely!

7. A sneaky wardrobe and dressing area

modern Dressing room by Evviva Bertolini

A multifunctional TV wall in your bedroom could hide it behind.

8. Adding new sliding doors

modern Dressing room by agence MGA architecte DPLG

If your existing wardrobe is doing a grand job, why not upgrade it by adding new doors? What a difference they’ll make.

9. Just get organised

modern Dressing room by Lise Compain

It might seem obvious but organising your wardrobe well will get the most from it. Various heights of hanging rails, for example, really do help!

10. Get the boys in on the wardrobe action

industrial Dressing room by Катя Волкова

By installing a dark wood version just for them. Tell them Batman has one just like it!

11. High shelving and ladders

scandinavian Bedroom by saudade muebles

A fantastic alternative to a wardrobe when you simply don’t have room for one. It’ll be like living in Gap!

12. Hidden behind curtains

industrial Bedroom by CO:interior

We love this joyful closet hidden behind sumptuous curtains. What a stylish way to keep the mess hidden and your clothes well cared for.

13. Add glazed doors

modern Bedroom by dsgnduo

To prevent a huge wardrobe shrinking your bedroom too much, add glazed doors.

14. Simple minimalism never fails

modern Dressing room by Elfa Deutschland GmbH

So neutral-coloured sliding doors should always be considered.

15. Let’s be open-fronted

modern Dressing room by Regalraum GmbH

Not everybody wants to hide their garments away, so an open-fronted design could be perfect, if you’re tidy enough for one!

16. Mirrored wardrobe doors

modern Dressing room by Müller Wohnart

Perfect for small rooms as they make the space appear far bigger, whilst also adding a touch of glamour to your clothes storage!

17. Vintage-style wardrobes

modern Dressing room by Grange México

Grange México

How about adding some gold accents to really up the wow factor?

18. Fresh and modern

eclectic Dressing room by Deu i Deu

Plenty of light and air keeps this walk-in wardrobe feeling super fresh and modern. Have you got a room with a view to convert?

19. Add wallpaper to the outside of the doors

classic Corridor, hallway & stairs by D-SAV   ДИЗАЙН БЮРО

A fast and easy way to upgrade your wardrobe and there are some amazing designs to choose from now.

20. Add a couple of matching bureaus

classic Bedroom by BHD Interiors

If you have the space, this will make your wardrobe look like part of a high-end set.

21. Go simple

modern Dressing room by formativ. indywidualne projekty wnętrz

Hang or fold your clothes for a space-savvy option.

written by homify.co.uk





Landlords offered online tax training

21 12 2016

Landlords offered online tax training

It is not just Christmas that is rapidly approaching, so is the January 31 Self Assessment deadline, and it will be here faster than you think.Fortunately, there are tax tutorials available for landlords requiring help calculating the tax owed on their rental income.

The computer-based tutorials make it easier for landlords to understand when and how to pay tax on property they have let out.

The basic information will help landlords get their tax affairs right from day one. They can also use it to keep them on track in the future.

Working out your rental income, according to HMRC

Your rental income is mainly the rent you receive but it also covers any payment you get from your tenant for the use of furniture as well as charges for additional services you provide, such as cleaning of communal areas, hot water, heating, and repairs to the property.

If you have got more than one UK property, you need to add together all your rental receipts and expenses and treat them as one business when working out your profit or loss.

Different rules apply if your property business includes profits from overseas properties, or commercial letting of furnished holiday accommodation in the UK or in the European Economic Area (EEA). The profits and losses for these must be worked out separately from other rental properties.

Allowable expenses

When you work out your taxable rental profit you can deduct allowable expenses from your rental income. The expenses must be wholly and exclusively for the purposes of renting out the property. This means that if an expense was not incurred for the purpose of your property rental you cannot offset the cost against the rental income.

Common types of expenses you can deduct if you pay for them yourself are:

+ General maintenance and repairs to the property, but not improvements (such as replacing a laminate kitchen worktop with a granite worktop)

+ Water rates, council tax, gas and electricity

+ Insurance – landlords’ policies for buildings, contents and public liability

+ Interest on a mortgage to buy the property (see below for more information)

+ Costs of services, including the wages of gardeners and cleaners

+ Letting agent fees and management fees

+ Legal fees for lets of a year or less, or for renewing a lease for less than 50 years

+ Accountant’s fees

+ Rents (if you’re sub-letting), ground rents and service charges

+ Direct costs such as phone calls, stationery and advertising for new tenants

+ Vehicle running costs (only the proportion used for your rental business)

Expenses you can’t claim a deduction for include:

+ The full amount of your mortgage payment – only the interest element of your mortgage payment can be offset against your income.

+ Private telephone calls – you can only claim for the cost of calls relating to your property rental business

+ Clothing – for example if you bought a suit to wear to a meeting relating to your property rental business, you can’t claim for the cost as wearing the suit is partly for your rental business and partly to keep you warm and decent – no identifiable part is for your property rental business

+ Personal expenses – you can’t claim for any expense that was not incurred solely for your property rental business

 

For more information  email: Stoke-On-Trent@BelvoirLettings.com

written by landlordtoday.co.uk