Making mistakes is a part of life: many can be laughed off, but others are more serious. And for landlords, there can be legal and financial consequences for getting things wrong.
When we’re asked to take over a rental home by someone who’s been managing it themselves, they’re often feeling a bit overloaded or disillusioned with being a landlord.
Continue reading FPTV (EP 168) LANDLORD MISTAKES: Five major buy-to-let bloopers and how to avoid them (Watch/Read/Listen)
If you’re a landlord with a fixed-rate mortgage nearing the end of its initial term, you’ll only be too aware of the coming increase in your monthly repayments.
Back in October 2021 and 2018, two and five-year buy-to-let fixed rates averaged around 3%, but they’re now switching to today’s rates of more than 6% – a substantial jump!
Continue reading FPTV (EP 166) BUY-TO-LET RATE HIKES: Expert options if you’re a landlord facing higher mortgage costs (watch/read/listen)
House shares are a great way of maximising your rental income, and they cover every kind of tenant, from university students to high-earning professionals.
Inevitably, a housemate will leave at some point as their life evolves. And whether it’s moving in with a partner, relocating for work, or buying a home of their own, you’ll need to find a replacement.
Continue reading FPTV (EP 164) REPLACING A SHARER: Our guide to a swift, smooth and legal switch between tenants (watch/read/listen)
For some landlords, the very mention of guarantors can ring alarm bells. But they’re written into more tenancy agreements than you might think, and needing one isn’t necessarily a sign of problems ahead.
Even well-paid professionals with a glowing landlord’s recommendation can fall short in the referencing process, so it’s wise to have an understanding of what it means to have a tenant with a guarantor.
Continue reading FPTV (EP 162) ACCEPTING A GUARANTOR: The essential checks you need to make, and when to say no (Watch/read/listen)
An empty rental property doesn’t have to be a downer. In fact, having some time between tenancies gives you the chance to optimise your investment’s rental yield, sales value, and future popularity.
That said, vacant homes do have some extra risks and management that you don’t need to think about when your property has a tenant.
Continue reading FPTV (EP 160) EMPTY PROMISE: Turn a vacant spell into a brighter future for your buy-to-let (watch/read/listen)
Giving someone the keys to your rental property is a big deal, and you want to be as sure as you can be that whoever you choose turns out to be reliable, trustworthy, and trouble-free.
For complete peace of mind, a thorough background check will give you the confidence that your tenant:
Continue reading FP TV (EP 156) RIGOROUS REFERENCING: The secret sauce for trouble-free tenancies and peace of mind (Watch/Read/Listen))