Landlords
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After weeks of eager anticipation, Gordon Brown has announced that the long-awaited General Election will be held on May 6th.
Following Brown's announcement, all three parties instantly hit the campaign trail in their attempts to win the pre-election sprint in what many are predicting will be the closest contest for nearly 20 years.
What are the main political parties proposing for the housing sector?
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Having opened it's doors to the public on 18th March 2010, our new office on the High Street in Burton on Trent has had an extremely busy 4 weeks both on lettings and sales.
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Professional Properties are pleased to announce a fantastic offer on sale fees for a limited period. Any property that is instructed for sale through either our Derby or Burton office will attract a fee of 0.75% (with a minimum of £750.00) subject to VAT.
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The latest house price index from the Nationwide Building Society has revealed a 0.7% rise for the month of March compared with February.
The latest house price rise takes the annual increase to 9% with the average UK home costing £164,519.
Meanwhile, the Nationwide said prices rose by 1.6% in the three months to the end of March, compared with a 1.8% increase in the previous three months.
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Professional Properties are delighted to announce the recruitment of Sarah Perry and Terri Weyers. Sarah is Sales Manager at hte Burton on Trent office and Terri will join the lettings team at the Derby office. Both have a wealth of experience in their fields.
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The Deposit Protection Scheme has broken new records in protecting deposits after recruiting a large number of new letting agent members. Following large price hikes by the Tenancy Deposit Scheme, many letting agents have moved from this insurance based scheme to the DPS's custodial scheme.
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The Government has today outlined further plans for the Post Office to become a ‘people’s bank’ after injecting a further £180 million funding into the project, on top of the £1.7 billion already invested.
The Post Office Bank, led by Business Secretary Lord Peter Mandelson, will create a ‘People’s Bank’ and will see 11,500 Post Office outlets as the backbone of a new national bank, which is set to encourage saving and provide credit for those on low incomes.
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Professional Properties, in association with FCC Paragon, recognise the potential problems for both landlords and tenants when it comes to deposits on rental properties. With more and more legislation which landlords have to adhere to for holding tenants deposits and the increasing cost of living which may mean tenants can’t afford the upfront cost of a deposit.
Smart deposit is a warranty product which benefits both the landlord and the tenant. It allows the tenant to move into a property without having to find a large, sometimes unaffordable upfront sum and it covers the landlord for damage to the property AND unpaid rental.
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Quite fittingly to coincide with our first issue, Professional Properties have also been on the move! With the relocation of our Derby branch and a forthcoming opening in Burton on Trent we have been busy
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Many of the current management team at Professional Properties have been with the company for over 10 years which is testimony to the loyalty and the success that the business strives to achieve. We think it is very important to be able to put a face to a name
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Professional Properties are making the move into residential sales and opening Professional Properties Estate Agents. Derby lettings director Simon Joyce, explains the thoughts behind the decision.
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Professional Properties can also offer additional, complimentary services to assist you if you are selling, purchasing or letting a property.
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The minimum retirement age increases from 50 to 55 on 6 April 2010, and
everyone will be directly affected by this change. Corin Holness of SJL Wealth Management explains how the change in the pension age will affect you.
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David, our Burton branch manager likes to make sure that you are aware of important changes in lettings legislation as well as general information on residential lettings. Here, he explains some of the legislation to be aware of when renting out your property
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Professional Properties will shortly be introducing a new lettings brand to the marketplace.
LetRed is an associated business of Professional Properties and can, therefore, call upon years of knowledge and experience in providing excellent services for both Landlord and Tenant.
LetRed specialises in providing excellent Student Accomodation to the increasing number of students in the area.
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There has been a lot of press recently regarding Tenancy Renewal Fees. These are the fees that some agents charge to landlords for carrying out renewals to tenancy agreements for little or no work involved.
Recently, Foxtons, a large London based agent was taken to the High Court by the Office of Fair Trading for charging excessive amounts for carrying out renewals to tenancy agreements when there was often no work involved at all.
The OFT went to the High Court to fight what it said were unfair terms in Foxtons contracts.
This case has dragged on for years and in the Court's ruling, the Judge accepted that all the terms that the OFT brought before the court were unfair.
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The number of tenants defaulting on rent is likely to soar following another rise in unemployment, a leading figure in the lettings industry has warned.
Unemployment now stands at a 12-year high of 2.26 million, the worst since the end of 1996.
In the three months to April, the jobless total increased by 232,000 with the outlook for younger job-seekers particularly bleak.
John Boyle, managing director of HomeLet, said his firm processes around 30,000 tenant references every month, the majority of which are for applicants aged between 18 and 24.
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More and more tenants are registering their requirements on our website in order to receive details of newly available properties before anyone else.
The result of this is that properties are let quicker and potential tenants have a head start on being able to view the available properties.
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Professional Properties are pleased to introduce Underwood Vinecombe as our Property Law Specialists. The firm advises on all aspects of property transactions including Property Investment and Landlord & Tenant.
With more than 50 years experience in the legal profession between them, Stuart Underwood and Mark Vinecombe formed Underwood Vinecombe LLP in September 2008. As property law specialists, the firm advises on transactions across Property Development, Property Investment & Management, Landlord & Tenant, Financing & Secured Lending, Business Acquisitions & Disposals and Residential Conveyancing.
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Professional Properties have teamed up with Gîtes Français, a new website offering gîtes (cottages) for rental in Brittany, France.
The number of visitors renting property in France is increasing each year with Brittany one of the most popular destinations in the country due to it's ease of access via planes, trains and automobiles .... and ferries!
If you regularly holiday in France then please take the time to look at the website at www.gitesfrancais.com.
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The BBQ Season is nearly over.....
Please read on to see if the following standard etiquette of this sublime outdoor cooking activity was observed by you....
When a man says that immortal phrase "Lets have a BBQ" the following chain of events are put into motion........
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Professional Properties website has had a makeover!
As more and more potential tenants are doing their property searching online, we are always striving to make this process easier, quicker and better for both tenant and landlord.
Please click on the article title or 'more' for further details.
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A new feature on the Professional Properties website is a Featured Properties section on the righthand side of the homepage.
If a property is let that is featured in this section, all tenants fees will be reduced by 50%.
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Professional Properties are delighted in achieving a 94% Rental Appraisal Conversion in May 2009.
That means that 94% of the properties we visited for new landlords are now being marketed and available for let.
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Professional Properties are pleased to announce an association with Derby Removals.
This Fast and Friendly Removal company are based in Derby and have over 20 years experience in all aspects of home and office removal.
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With house prices rising in May by 1.2%, according to the Nationwide, some landlords may start thinking about selling their investment property.
At Professional Properties, we know that circumstances change and that some landlords will, at some point, want to sell their propery. We can help!
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Professional Properties are pleased to offer a number of executive apartments for rent.
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If you are renting out your property you must ensure that your property insurance cover is applicable.
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Are Landlords in England and Wales going to be required to follow the rules in Scotland which require Landlords to be registered?
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Our association with Cafe Zen and Good News newsagents in Burton on Trent continues to be successful.
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All rented properties require a Gas Safety Certificate. However, there have been a few changes.
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Our recently introduced No Deposit scheme has proved an instant success allowing tenants to move into a property without having to find the usual months deposit up front.
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Professional Properties have first floor office space available at their fantastic Administration Centre at Little Eaton.
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If you own a holiday home abroad, you may be able to get a tax break. Read on!
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In the current economic climate, increasing rent arrears and tenant defaults are two issues that landlords and agents are having to deal with. Can Housing Benefit help?
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