Landlords, are you aware of the two main pieces of legislation that you need to comply with to remain safe and compliant?
To comply with The Smoke and Carbon Monoxide Alarm (England) Regulations 2015, private landlords in England must ensure that they are fulfilling their obligations regarding installing and testing smoke and carbon monoxide alarms in rental properties. Failure to meet their requirements can lead to a heavy penalty, including imprisonment in severe cases.
A few people have asked me what is the BARE MINIMUM required to rent a property out, so I thought I’d do a video on it.
The new year has certainly started on an upbeat note for the lettings sector. A survey by Finbri found more than 50% of UK property investors intend to expand their property portfolios in 2023.
I take a look at what happened in the Wellingborough property sale and rental markets in 2022 and share some predictions and forcasts for 2023.
Property prices have recently been subjected to some doom and gloom in the media, so I’ve taken a closer look at what is happening with asking prices in Wellingborough up to and including December 2022.
Following a steady rise for the year, there was a small dip in the asking prices of properties for sale in May and June. This is usually expected during this period as people are away on holiday and/or are enjoying the summer weather.
Since this dip, the average asking price has risen for six consecutive months, reaching its current high of £277,757, 7.8% (£20,082) higher than in January 2021.
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