June Newsletter: Rental Reform White Paper – everything you need to know
Welcome to the 6th edition of the Fish Need Water newsletter. This month has been filled with many events and festivals. How did you celebrate the Queen’s Platinum Jubilee?
With so much going on, it can be challenging to focus on your property goals. What have you decided to do with yours?
Here’s what we’ve got for you this month to help:
- For landlords: Number Crunching: Our Essential Guide to Rental Yields for Every Landlord
- For sellers: Moving with Children? How to Sell & be Settled Before the New School Year
- Rental Reform White Paper: – Is the Government Anti-landlord? If certainly feels like it.
NUMBER CRUCHING: OUR ESSENTIAL GUIDE…
Good financial management is at the heart of every successful business. As a landlord, the rental yield of a buy-to-let can affect whether you buy a property in the first place. After that, it can help you monitor your investment’s ongoing profitability and performance.
With that in mind, this article includes all you need to know about rental yields: why they’re important, why you should track them, and how to calculate yours to stay on top of your buy-to-let business. Click HERE to read more.
If you thought you’d missed the boat for a family move this year, the good news is you’ve still got time. Given that property is selling faster than ever, it’s perfectly possible to move within 2-3 months from the date your home goes up for sale. How do you speed up the process and cut out delays? If you want to complete your move before the kids go back to school, you can find the 5 steps right HERE
EVERYTHING YOU NEED TO KNOW ABOUT THE RENTAL REFORM WHITE PAPER
Published on 16th June, this forms part of the biggest shake up of the private rented sector in 30 years. While this will help enure millions of families benefit from living in decent conditions, how will this affect you as a landlord?
Some major changes are set to hit the rental industry, this plan includes:
- abolishing Section 21 ‘no-fault’ evictions and introducing a simpler tenancy structure
- applying the Decent Homes Standard to the PRS for the first time
- introducing a new Property Portal to help landlords understand their obligations
- introduce a housing ombudsman covering all PRS landlords and providing redress for tenants
In addition, the estimated 2.3 million private landlords will have greater clarity and support through the following measures:
- A new Private Renters’ Ombudsman will be created to enable disputes between private renters and landlords to be settled quickly, at low cost, and without going to court
- Ensuring responsible landlords can gain possession of their properties efficiently from anti-social tenants and can sell their properties when they need to
- Introducing a new property portal that will provide a single front door helping landlords to understand, and comply with, their responsibilities as well as giving councils and tenants the information they need to tackle rogue operators
To read the comprehensive Property Industry Eye article, click HERE
What’s your next step?
For a fresh perspective on selling your home in South East London – call James on 020 8432 1505 or email email@example.com
For an up-to-date assessment of the current rental value of a buy-to-let you already own, or how you can increase its performance & stay up to date with changing regulations, give us a call on 02086907766 or contact Anthony directly at firstname.lastname@example.org – we’re always on hand with some friendly and expert advice to improve your life as a landlord.