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Tenants, claiming housing benefit, under the age of 35, need to be aware of a change in benefit with effect from 1st January 2012. The current entitlement will be changing to a maximum of ?58.50. This will, in our opinion, seriously affect the housing market and the security of tenants and financial status.
If you are claiming housing benefit please check your entitlement with Blackpool Borough Council on 01253 478847.
One of the approved Tenancy Deposit Schemes (TDS) the DEPOSIT PROTECTION SERVICE (DPS) has examined the different VOID PERIODS experienced by Landlords who market their property ditectly compared to those that use a letting agent.
The findings are interesting. The DPS found that 63% of buy-to-let properties that used an agent kept void periods to within 2 weeks compared to only 38% for those Landlords that marketed their buy-to-let properties directly.
Two of the worst areas for voids were in Lancashire but their research also highlighted parts of Surrey, Hampshire and Essex showig higher than average void rates.
In some parts of the country the DPS found that over 50% of properties had been empty for over 3 months.
The reality is that in the current market of high rental demand there is no excuse for a pre-longed rental void period. If a Landlords property is empty they are not marketing their property effectively or it could ne time for a PROPERTY MAKEOVER.
Landlords should remember they are running a business and they need to be proactive in getting their investment property let, whether they emply a letting agent or MARKET THEIR BUY-TO-LET independantly. Cashflow is king and avoiding a void is critical to any successful rental business.
Mark Knight Property are proud to confirm that they are now LICENSED MEMBERS and members of ARLA. Association of Residentail letting agents
Jacquline attended this course held by ARLA and NAEA to experince new leglislation, safety and deposits and licencing.
The Uk Property Shop, the National Directory of estate Agenst, reported in their proerty news (item 00714) in July 2008 of a demand for rental accommodation was up by neaarly 40% in June, says Your Move....
.....The overall the total lease commencement for 2008 is some 34 per cent higher compared to the same period in 2007.
This is a direct result of the crfedit crunch and the difficulty young buyers currently face in getting onto the property ladder.
Managing Director of Your move comments"The credit crunch has buried any chance most first time buyers might have had of getting on the property ladder".
With tenant demand rising the potential for buy-to-let is increasing. Investors wilth cash to spare are now in a position to capatilise on lower prices and the potential for higher yields.
"Opportunities to invest are ripe for professional landlords able to secure financing. With rising tenants comes rising rents - buy-to-let yields will consequently improve
house prives are under pressure at the molent, and theres scope for buy-to-let investors with collateral to get good deals to expand their portfolios.
MARK KNIGHT PROPERTY MANAGEMENT (ON THE FYLDE COAST) LIMITED ARE IN NO WAY CONNECTED WITH MARK KNIGHT PROPERTY MANAGEMENT WHOM ARE OR WERE BASED IN MORECAMBE.
THE COMPANIES ARE OF COMPLETELY DIFFERENT REGISTRATIONS, OFFICES AND DIRECTORS AND THERE IS NO LINK.
FOR MORE INFORMATION CALL MRS J WEBER AT THE OFFICE
Jacqueline atended this ARLA/NAEA course
As well as being members of the NAEA, we offer the Tenant Depsoit Scheme, Client Money Protection and are also plesed to advise that we joined the the Ombudsman for Estate Agents. PLease contact our office for more details.
Mark Knight Property are pleased to confirm that for assurance to the Landlord and Tenant we have insured Client Protection money
Jacqueline Edwards is pleased to confirm that she is actively involved in the town centre BID (Blackpool in Development). The town cenre is undergoing improvemnets and changes for the benefit of residents and vistiors. Jacqueline also acts as chairperson for the small and independant business and welcomes any comments with regard to the town centre.
Mark Knight Property, in line with current leglislation, have applied to join TDS Limited, an insurance based scheme. for the collection and holding of tenants deposits. This provides protection to our Landlords and Tenants and the cost will be absorbed within our commission fees.
If you require further informaiton please contact Jacqueline Edwards.
If you are a private Landlord you will require indepandant advice,
Mark Knight Property will be joining a tenancy deposit insurance within the NAEA.
This scheme offers security for the tenants desposit. No further charges will be incurred by the tenant or the landlord. Further details are available from our office
Jacqueline Edwards, upon passing all four exams, has now received a technical award in the sale of ressidential property.
A new license comes into force on 3rd July 2006. All landlords who have a pfoperty with more tha five people living at the address and or two or more units need further advise from the council. they can be contacted pn 01253 478442/478477. All our landlords will have written to under seperate cover with regard to this.
The Chancellor has has confirmed that his proposed inclusion of residential properties within individuals' private pensions, in addition to commercial properties that are currently allowed, is to go ahead from April 2006.
This could flood extra money into the property market, and demand could outstrip supply, especially in areas, such as Blackpool, with a high rental demand.
For more information contact our office.
Mark Knight Property are pleased to annouce that Jacqueline Edwards MNAEA, received the above award after receiving techincal awards in all categories of residential lettings and management. This prestigous awards ceremony was held at Hilton Park Lane, London and the award was presented by Natasha Kaplinsky of BBC Breakfast News and Strictly Come Dancing fame.
Being members of the NAEA and receiving this award demonstartes to our cleints our committment to service and professionalism.
'The definition of the HMO has always been vague' as reported by the NAEA. The housing act 2004 is intended to clear up this confusion and an article has been written by the NAEA explaining the definition in more detail and a copy of this is available from our office.
