This blog follows the buy-to-let market in Basingstoke. You'll find tips, guidance, and analysis that relates specifically to Basingstoke and you'll also find properties from all the estate agents in the town on here that may make decent investments.
From October 1st 2015, a smoke alarm must be fitted on each storey of a premises where there
is a room used wholly or partly as living accommodation. These must be checked
to be working at the start of each tenancy.
After the governments surprise announcement of a snap election of 8 th June 2017, a number of our customers have asked me how this is likely to impact the housing market. It is fair to say that historically, a general election has usually signalled a decline in property sales, just before the election, only for this to return to normal figures shortly after the dust has settled. However, given that general elections since 1980 have nearly always fallen in May or June, looking at the seasonally adjusted figures since 2005, it would suggest this is nothing more than an annual trend in the housing market. Source: HMRC The main highlights from the graph above are: · The number of property sales drop from their peak of 150,000 per month at the end of 2007 (coinciding with the credit crunch/recession). · A peak in December 2010 coinciding with the end of the Stamp ...
I saw this on the market and thought it would make an ideal buy to let, with a rental of around £950 per month (we already rent one here). The property has an updated lease of 160 years and comes with a garage. I would recommend this property for long term renting. http://www.rightmove.co.uk/property-for-sale/property-66008456.html
Figures just released by the Bank of England, show that for the first half of 2016, £128.73bn was lent by UK banks to buy UK property - impressive when you consider only £106.7bn was lent in the first half of 2015. Even more interesting, was that most of the difference was in Q2, as £68.12bn was lent by UK banks in new mortgages for house purchase, which is the highest it has been for two years. Looking locally, in Basingstoke last quarter, £758.6m was loaned on RG22 properties alone! Even though the Bank won’t be releasing the Q3 figures until December 2016, HMRC have published their own preliminary data to suggest Q3 will be even better, with a massive growth of buy-to-let landlords to the housing market in that time frame. Fascinating, as it seems to fly in the face of the popular narrative – that the uncertainty surrounding Brexit would negatively impact buyer sentiment. And it’s not just buy-to-let landlords that seem to be flourishing. I am finding that first-time buyers a...
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