You’ll get the image as you read on… Is it just me or have lenders become REALLY awkward all of a sudden? Not only with an individual buy to let but with company lending as well. When I bought my first buy- to- let flat 18 years ago it was one of the easiest things to do. However, lenders have become increasingly stricter, pedantic, and damn right annoying over the last couple of years. Don’t get me wrong, the lenders are great for what we need them for and a lot of us wouldn’t be able to play the property game without them. If you’re new to investing or buying in general, don’t let this put y ..read more

Phones at the ready…. Well, from experience, there’s a lot that can happen on the run up to and over Christmas with rental properties. Where shall I start? I had a tenant call on 20th December one year to say the oven had stopped working and they had 6 people coming for Christmas dinner. Cue me pressing the Curry’s speed dial button on my phone and paying an extra £50 for delivery on Christmas eve. Ouch! As with any time of year, with any property or tenant, things can be unpredictable. What is important is that we are prepared for it (or as prepared as we can be). Pick up the phone, have a ch ..read more

Even though the majority of the investors and landlords that we work with have been in the game for some time, we always love working with new landlords. We are currently working with a new landlord/ investor and this is his story… 1.Think about who/how the property will be managed We recently had a newbie landlord get in touch and ask if we could manage his rental property (always a great phone call to have). So, this guy is already ticking boxes on the “Things to consider as a new landlord” list by contacting us and asking for advice. 2. Consider the work involved in your new/current proper ..read more

Considering the months of lockdown and working from home, we’ve been pretty busy at QT Homes Lettings (working in the garden and from the paddling pool clearly didn’t adversely affect my ability to work!…I might make it an annual thing). Our new clients have all raised the same concerns so I thought it would be best to share their concerns with all of you because you may all be wondering exactly the same thing… Q: Are you still going to be able to find me a tenant during lockdown and on the run up to Christmas? A: Yes. Absolutely! We have not seen a decline in enquiries for rental properties ..read more

Some of our landlords and tenants are local business owners so, I just wanted to share the link for the business support grants that are now available. Every little helps! I hope you are all keeping safe and well. More of my witty property related blogs will follow. Melissa The post Nuneaton Landlords with businesses appeared first on Nuneaton Property Blog ..read more

Here is a 2 bedroom terraced house on Clifton Road, which is on the market for £109,950. It is in need of some TLC and it is a slightly quirky layout but, it could still make a good investment property. If this was done up to a nice standard, it could probably fetch around £600- £650/month rent (depending on the finish), giving you an annual yield of 7.09% (max) (not including the cost of the works involved). Take a look at the property HERE Clifton Road is a one way road about 10 minutes walk from Nuneaton town centre. It is close to local amenities as well as schools and popular commuting l ..read more

I regularly look on the property portals to see what’s for sale in Nuneaton and to find that gem that I consider to be a “star buy” for investors. I’m sure most of you do too. Now, I don’t know about you, but I’m thinking half of the estate agents were drunk when they valued some of these houses because….daaaaaaamn! They are a lot of money for a big lot of mess! There were so many 2 & 3 beds listed for £130,000 and some were in need of a complete overhaul! Looking back over the last 10 months (bearing in mind there’s a pandemic going on….in case you hadn’t heard) there has been 101 pot ..read more

The short answer to this is- all areas!….the end. Only Joking! What a boring blog post that would’ve been. We have investors from all over the place contacting us to find out where in Nuneaton they should invest. Those of us who live in Nuneaton and know the areas well may have our own ideas but, as a Letting agent who has had properties all over Nuneaton, I can assure you that any area of Nuneaton is popular for rentals. A quick breakdown for you: Properties near the town centre (CV11 4 and CV11 5)- usually get let before we even get to advertise them! People love the terraced houses skirtin ..read more

I’m sure you’re all aware how difficult things are becoming with rental properties (thanks to COVID-19). We’re now having to give tenants 6 months notice and can’t accelerate evictions until they are in 6 months rent arrears!! Like it wasn’t bad enough before when tenants were in arrears! So, with this in mind, I thought it would be the perfect time to encourage you all to look into rent protection, which can be added onto your building or landlords insurance from around £5+/month. It’s worth every penny if you ask me. Especially with what’s happening at the minute. Our lives are changing on ..read more

With things picking up again after lockdown and being inundated with tenants looking for rental property in Nuneaton, it got me thinking about supply and demand. We’ve never had an issue finding good tenants for properties because we’ve always been flooded with enquiries (usually within a few minutes of listing the property online). For example, a property we had recently was a 3 bedroom terraced in Stockingford, Nuneaton CV10. We had over 70 enquiries for it within a couple of days! At this point I thought it best to pause the marketing and allow time to pre-qualify all of the potential appl ..read more