The UK property landscape is evolving, and with the Renters Reform Bill having its second reading, it's crucial for landlords to stay informed. The bill aims to balance the scales, providing security for renters and assurance for landlords. Here's what you need to know: Key Changes Proposed by the Bill End of 'No Fault' Evictions: The bill proposes to abolish Section 21, ending 'no fault' evictions...
In this Halloween Special, we look at five scary things landlords in London need to be mindful of to avoid nightmares. 1. The ghostly guarantee of quick tenants Some letting agents will convince landlords that finding tenants is a quick and painless process. However, rushing it without proper checks and considerations can lead to choosing the wrong tenant. Patience and due diligence will save you...
We're absolutely delighted to announce that MyLondonHome has been honoured with three awards at The Estate and Letting Agents Customer Service Awards 2023. These accolades further solidify our reputation as one of the best estate agents and letting agents in London. The Awards We're thrilled to share that MyLondonHome received the following: Silver Award in London for Sales Bronze Award...
In this quick read, we delve into the importance of accurate valuations – and how to price your property with precision. Don’t be tricked into high listing prices The saying “stick it on high and wait for offers” is a common myth that doesn’t align with current market trends. A listing will gain the most attention within the first 48 hours of going live. If priced too high, prospective buyers...
It’s every landlord’s worst nightmare: you discover the people you thought were trusted tenants are actually crooks using your property for illegal activity. As a result, you face hefty repair bills, loss of income and a battle with your insurer. You may also find yourself at the centre of a police investigation. Now, this is a worst-case scenario; most tenants are law-abiding, so there’s no...
If you’re considering listing your property for sale, we have some good news. Traditionally, there’s a surge in serious buyers coming to the market in autumn after the summer lull – so you’ve timed your move wisely. But what’s the psychology driving property hunters at this time of year? And how can you, as a seller, capitalise on buyers’ motivations to ensure you secure the...
It’s up there with late rents, messy tenants and broken boilers on a landlord’s Headache-ometer. What are we talking about? Finding (and keeping) tradespeople you can trust to look after any property maintenance or issues landlords need to get sorted. In this article, we share five tried, tested and trustworthy tips on how to find the very best and swerve the unreliable rest. Tip...
Over the last few years, landlords have faced many changes. Tax reforms, rental reforms and energy efficiency measures have meant renting out properties is more complex (and expensive) than ever. But with changes to Government plans announced last Wednesday, is good news on the horizon? Last week, controversial (and costly plans) for improved EPC targets by 2025 were scrapped by Prime Minister Rishi...
If you’re fortunate enough to be in a financial position where you can rent out your home instead of selling it, should you take the leap? After all, if you don’t need to sell to fund your next move, renting your property is an option worth exploring. Here, we explore the dilemma of renting out a property instead of selling. Timing As we all know, property sales can take time....
If you’re a first-time landlord about to rent out a property, or an established landlord looking to purchase a new investment, one of the main questions you’ll have is how much rent you can charge per month. Of course, you can (and should) take the advice of your agent, but it’s also worth understanding exactly what factors impact the amount of rent you can sensibly charge. In this quick read,...