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Found 4 results

  1. My parents own some 1-2 bed flats in Kendal, Cumbria. They're a good size ranging from 34-47m2, are in good condition (despite being refurbished 20 years ago) and are fully occupied with good tenants. My parents are retiring and I'm taking over the remote management of the properties. As part of taking on the properties, I wanted to understand the current rents being charged compared to the current market. LHA rates locally are circa £500/£600pcm for 1/2 self-contained flats respectively. Properties being marketed locally for rent suggest similar rates. My parents flats are being rented a
  2. Dear all, I have been letting out a couple of properties in Scotland for nearly three years now. I have been using Simply Business from the outset, finding them to be pretty competitive. My issue is that the insurance for one of my properties (a small 1 bed tenement near the city centre in a relatively good area) has come up for renewal however the quote they have given me for this year has gone up by over 60% on last year (up from £100.09 to £166). This seems a ridiculous and drastic increase, despite nothing having changed with my quote or property, however I have shopped around
  3. Hi All, Thought I would share the news today that some of you may be aware of. Interest rates have increased for the first time in 10 years to a whopping, 0.5%, (sarcasm) increased by 0.25% My thought is what type of mortgage do you have? Most people's have one of two products. They either have a fixed-rate, x amount per month, or they have a variable rate, where the interest rate can move at the discretion of their lender. If you haven't changed your mortgage for more than five years, you are probably on a variable rate. This means your rate is susceptibl
  4. Hi Folks, So for those of you who are keeping up with me, you'll know I'm searching all ways of building up my capital to start my own portfolio, so here's my next potential scheme, that I'd like your advice on please! So me and my partner are looking at getting our first home in the next 8 months, looking to get settled and secure before investing. The original plan was to find a nice house that's ready to live in, however! Now I'm learning more and more about property, my thoughts are as follows; could we, buy a BMV home, refurbish it, settle in for a year maybe two then address any furth
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