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It’s reassuring to know that recent government and local council crackdowns
have ensured that the days of landlords being able to get away with leaving
their tenants in sub-standard properties are largely a thing of the past.
Tenants are now protected by a raft of rules and regulations, which are geared
towards ensuring fair play on both sides. These rights apply to all tenants,
regardless of whether they are mentioned in the tenancy agreement signed at the beginning of the tenancy.
But simply being aware of the rules isn’t enough – landlords must be prepared
to act on them. For this reason, getting
landlords insurance in place could be a good move, as it can cover landlords
in the event of problems with plumbing, electrical wiring, roof damage and
more. Having a financial safety net in place could offer encouragement to get
things sorted sooner rather than later.
Under tenant’s rights, landlords must:
Deposits
Deposits are also central to tenant’s rights – so it’s really important to
be aware of the rules regarding their management. Once a landlord has taken a
deposit from a tenant, under strict rules it must be protected by a
government-approved tenancy deposit scheme. This needs to happen no more than
14 days after the deposit was taken and the tenant needs to be informed of what
has happened to their money. Failing to comply with this legislation can have
serious consequences. Not only can the tenant be entitled to a full refund of
their deposit, but landlords may also be forced to hand over three times the
amount on top.
Could landlord insurance help?
No law-abiding, decent landlord would ever neglect their responsibilities
deliberately. But financial and time pressures can leave even the most conscientious
landlord in danger of being in breach of housing codes. For this reason, getting
cheap landlords insurance could be a smart
move, as it can reduce the cost of getting those repairs that can crop up
from time to time sorted out. The insurance can be created to suit the
individual, with some covering boiler repairs and checks and others
incorporating plumbing, drainage, wiring and roofs. Above all else, it could save
you money, help keep you on the right side of housing rules and maintain your
reputation as a good landlord – so why not compare landlord insurance today?
I hope you enjoyed a fantastic Christmas and that you are now looking forward to making a rock-solid start towards ensuring 2012 is a prosperous year for you!
HBF Investments are certainly here to help you make your wealth this year from your property investing. We are already generating loads of great deals across the UK, simply because people still cannot sell their houses through estate agents so they are turning to us. What is unfortunate news for home sellers is however, great news for our investors: HBF are snapping up fabulous properties at barmy-bargain prices and we want to get off to a flying start in 2012 by giving our most motivated investors a massive New Year’s give-away!!
HBF are kick starting to 2012 with a BUY-ONE-GET-ONE-FREE sale for the next 10 of our investors who buy from us in January!! This means that you can buy two fantastic buy-to-let deals, with around £50K equity, for just £5995!!! How else can you generate a £50K instant return from less than £6K cash that you may have wasting away in the bank?
I recently sold a share in my new comedy club in Chester (www.thelaughinnchester.co.uk) to TV personality and top UK comedian, Jason Manford. We are no co-owners of a superb business with ambitious plans to expand across the UK. This deal was all made possible with cash generated from the returns I have made from my property investing. Simple as that!
I am continuing to buy property throughout 2012 and investing my profits in commercial property and other businesses. You can so the same and I will be happy to show you how.
I will be holding seminars at my hotel in Chester (www.thecommercialhotelchester.co.uk) and at our offices in London throughout 2012. We will be treating our loyal investors to fantastic nights of entertainment with top UK comedians at my comedy club as well as providing them with fantastic deals so they can make money – which is what it’s all about.
If you would like to learn more and get involved, please call me or my sales manager, Andrew Bradley-Cull, on 0151 651 3456, or check our website, www.hbfinvestmentproperties.co.uk. Call us now and book an appointment to come and see us, and let us help you become wealthy from property.
Fancy starting 2012 off with a bang by expanding your property portfolio or buying your first buy-to-let investment?
With rental profits and yields set to remain at historical highs for years to come, now is the best time to join our savvy investors, snapping up bargains and getting into property to make the most of your money during very tough times.
At HBF, we provide the complete package for our property investors. We not only give you FANTASTIC discounted buy-to-let deals, we also rent them out for you, manage your tenants, maintain your houses, and work with the best financial services to help you make the most of your hard earned wealth.
We make sure we have the best people working for you, to make the most of your money. Just ask TV’s JASON MANFORD, who is our most recent client, and co-owner of our critically acclaimed Comedy Club – The Laugh Inn. Or check out our websites: www.hbfinvestmentproperties.co.uk (Nationwide) and www.corrius.co.uk (London) which have supplied over 1000 properties to hundreds of satisfied investors over the last 7 years.
Here at HBF, we make sure we pass on our valued expertise to ensure you achieve the same success as us. Having bought over 150 properties myself I am now generating rental profits of £30K/month, enabling me to add Hotels (www.thecommercialhotelchester.co.uk) and Comedy Clubs (www.thelaughinnchester.com) to my growing portfolio, and you could join me!
If you would like to buy property or learn more about how I can help you achieve financial success through property, please drop me an email:
david.coughlin@hbfinvestmentproperties.co.uk
David Coughlin,
MD, HBF
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Rental Property Facts:
Sky high rents are being propped up by:
1) huge deposits needed by first time buyers
2) undersupply of any affordable housing
3) the lack of house construction to keep pace with demand
Simply put, supply and demand for properties will continue to push up rents for many years to come. There has never been a better time to buy, than 2012 with HBF.
Hi guys, I have been holding back sharing this news for ages and I am now so excited to be able to tell all that Jason Manford has bought into the Laugh Inn Comedy Club in Chester!!
After opening our doors for the first time in Feb this year, we have all been very hard at work building the Laugh Inn comedy theatre in Chester, a venue that has quickly established itself as one of the best live entertainment destinations in the North.
The Laugh Inn’s reputation for the highest quality entertainment has advanced so rapidly that Jason Manford, one of the best and most popular UK comedy performers and top TV personality, has put his money where his mouth is and has bought into the club, investing alongside other co-owers, David Coughlin, John Locke and Maz Saleem.
“I want to put something back in to what comedy has given me, and where better than investing in a comedy club and theatre that has rapidly established itself as the best new venue in the North – after only a year.” Jason said.
For more information, please read the full story in Manchester Confidential
The current low interest rate and high inflation may not be a great combination for the average saver, nor for those struggling to pay ever increasing utility and food bills with low pay rises, but for property investors it’s good news. Here’s why!
The Bank of England base rate has now been at an all-time low of 0.5% for over two years and there’s no increase on the horizon for a long long time. For those previously relying on interest on savings to provide them with an extra income or top-up to their pension, it’s been a shock to the system to have the rates plummet so low and the extra pounds dwindle to pennies.
But whilst savers relying on interest rates alone have suffered, those who’ve invested in property have being doing very well, seeing great returns on their investments and reaping the benefits of high rental yields.
The demand for rental property continues to be high across the UK, with rental prices rising and they are at all-time highs in many areas. The combination of low interest buy-to-let mortgages and high rental prices have boosted the rental yields on property and provided another great reason why now is the time to invest in property.
What’s more, high inflation erodes the burden of debt. If, for example, you have a mortgage of £100,000 at the start of the year and inflation is 5%, by the end of the year, the capital value of it will be the equivalent of £95,000. As the UK economy is not growing so the government is unable to repay its debt fast and therefore maintaining higher inflation may be a way out. It may just be the case that high inflation and low interest rates will be with us for a long time yet, eroding your mortgage debts and increasing your rents and rental profits!
By the same token the value of your savings will also be eroded – so it makes more sense to make a long-term investment in property, where the value should rise over time, than lose your money.
I think it’s obvious now that although house prices will not increase for some time to come, that they are not going to nose-dive either. Rental profits will continue to be good because of high deposits and low mortgage availability. Savings rates will remain poor. Stocks and shares are dangerous areas for even the experts.
Conclusion – SIMPLE – stick to bricks and mortar; buy properties at a discount in good rental areas and you are onto the safest bet.
Wow! It has been a very busy 18 months!!!
Not only have I revelled in the challenges of battling the on-going barrages faced by my property businesses resulting from the continuing economic downturn and financial crisis; but I have been bold and brash (and some would say outright daft enough) to launch two new business ventures in the leisure/entertainment industry.
All of these industries and sectors are taking a battering so, I have to ask myself, why I would be crazy enough to do this??!! The reason is that I have total belief in the businesses and the people running them and that they make a profit. Just as important is because I enjoy them so much. The numbers stack and they provide massive future opportunities for combining both fun and business – the perfect combination!!
We opened the Commercial Hotel (www.thecommercialhotelchester.co.uk) in Dec 2009 and the Laugh Inn comedy theatre in Feb 2011 (www.thelaughinnchester.co.uk) – both in Chester and both full-on developments of empty premises.
The Commercial Hotel is now one of the busiest and most highly regarded bars in Chester and receives great feedback from its customers in Tripadvisor. It’s been a challenge getting all three aspects of the Commercial right: the bar, restaurant and hotel but we have now got a great chef and management team and staff and a loyal customer base so we are doing well and are thankful for the support we have received from our staff and customers.
The Laugh Inn is rapidly gaining a massive reputation for providing top-end quality entertainment, comedy, music and food in a superb theatre. It’s been a hard slog getting the building completed. We took on a massive task and underestimated the building development challenges. It took us from Dec 2010 to Oct 2011 to completely finish the building and satisfy all the current regulations. A costly eye-opener for us but well worth the effort when you see the results! The Laugh Inn will be a great place to spend a night out for all occasions, especially Christmas and office parties so I encourage everyone looking for a great night out in Chester to try us!
I also launched Corrius Asset Management (www.corrius.co.uk) in May this year. Corrius has their offices located in Bank/London and has a client bank of High Net Worth (HNW) city-based clients. It was set up to enable HBF to continue to sell the property deals to wealthy clients who have the financial means to buy them. This was an essential move in the continuing economic downturn where mortgage lending is highly restricted.
It has definitely been the most challenging period in my business life leading and funding these three new start-ups but we are almost over the hardest bit and breaking through to success in 2012 will be very very rewarding.
I will keep you posted on how my businesses develop and will do better at providing more BLOG updates about the property market and business opportunities that can be exploited in the current economic crises.
I would finish on that although it’s really tough out there – there is money to be made. You need to be the best at what you do. Recruit the best staff you can afford and really look after your customers. Keep your chin up and work harder than you have ever worked – the rewards will come.
It’s the middle of the summer and the last thing you’re probably thinking about is the boiler or heating systems in your rented properties. But if you want to get ahead with your yearly boiler maintenance, now is a good time to book a boiler check.
Come late September and early October, everyone will want their boilers serviced, or tenants will be trying to turn them on and discovering that no heat is coming through. The autumn is a busy time for gas services and the services of boiler engineers are often in demand. Your tenants will be quick to complain if the boiler isn’t working when they want to heat the house, so why not get in early and do the necessary checks now or at least get an early boiler service booked in before the rush?
It’s also a good opportunity to get the pipe work checked and ensure that the radiators in your properties are all working well. Blocked air in the pipes can cause problems once the heating is back on – radiators may stay cold, be only partially warm or there may be all sorts of odd rumblings and noises in the pipes. They’re all issues that tenants typically come running back to you for help with sorting out, but you could avoid this by taking care of maintenance now.
If you are booking a boiler service, don’t forget to agree a suitable time with your tenants first. A service doesn’t normally take too long, but they will want to be prepared and know in advance when it will be. If you have a gas boiler and gas fire, then it’s also a good chance to get a gas fire serviced too. The property will then be fully functional and ready to handle all heating needs when the weather turns cooler.
For property and land entrepreneurs, there are all sorts of ways to explore making money on your investment. In addition to buying and letting property, some other favourites including renting garages, parking spaces and short property lets to cash in on annual events – but have you ever considered letting your garden or land for the purposes of camping?
Camping itself may not seem like the biggest earner on the block, but if your land or garden is located in a prime position and can offer more than just the basics, it can be a worthwhile avenue to explore.
You don’t have to have masses of space available – small, more personal spaces can be more appealing to some people than a massive sprawl of campers – but you will need to consider what facilities you’ll provide and the all important issue of access to the site.
Land located in key tourist spots are, not surprisingly, really popular with campers, but your land doesn’t necessarily need to be in a tourist area to do well. If you get your business hat-on and think creatively, there may be opportunities to cash in on timely annual events, or major sporting events, where people need accommodation close by for a short period of time and will pay for the convenience and location.
For example, in the same way that properties can be let for a short-term basis during major events and festivals, so too can land be let out to campers. Think music festivals, literature festivals, sporting events (horse racing, Wimbledon, football, rugby – even the Olympics), gardening or flower shows.
If you want to give it a go and test the waters to see if it’s a worthwhile sideline for you or to find out if it’s going to be too much hassle, then organisations such as Camp In My Garden are a great help for trying it out. The website is free to join and list your temporary private garden campsite and it could prove to be the gateway to a new property and land investment money-maker!
