Landlords and letting agents check prospective tenant bank statements before approving them, but is it enough? Some landlords or letting agents only rely on a credit report, backed up with info on income from an employer. Or an accountant’s statement if the individual is self employed. They look to see if the credit report says […]
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This week we were reminded about how important it was to register your deposit with a deposit protection scheme when taking on tenants. A very distraught landlord came into the office yesterday and told us her horror story, you’re not going to believe this, even though it happens more often than people think. The landlord […]
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Contrary to popular belief, you don’t have to work your whole life in a dead end job. You can make your money work for you. Looking back over 10 years of business, we’re reminiscing about our clients’ success stories. I’d like to share this amazing success story with you today of one of our dearest […]
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With the Tax Season still fresh in most landlord’s minds, many have started implementing plans to avoid the dreaded tenant tax. According to a study by Precise Mortgages, in the next 12 months, 2 out of five buy-to-let landlords will rather use limited companies to acquire properties. This is opposed to just over a quarter […]
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There once was a landlord who had his property advertised by an agency for two months. The property had a few viewings but received no constructive feedback at all. He was also asked to reduce the price of the property twice. Exasperated, the landlord contacted Luscombe & Co. We advertised the property on Saturday, did […]
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You know how it goes, you get up in the morning with big plans for the day, but before you know it, you’re caught up in loads of little things that need your attention and you’re not getting any real work done. As we are landlords ourselves, we know how frustrating this can be. We […]
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It’s 1am, your phone rings. It’s your tenant, the boiler’s broken and it’s the middle of winter. You knew you had to have it checked a few months ago, but just didn’t get around to it. You get up and start phoning around for a contractor which is probably going to cost you an arm […]
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This is not the first time this has happened. You’re sitting at home one evening, having a nice time with your family. Suddenly you get a text. It’s your tenant, he’s locked himself out. This is the nightmare many landlords sit with everyday. If you’re a current or prospective landlord, the whole process can seem […]
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Newport in Gwent has just been identified as the fastest moving area in Britain for home sellers by Rightmove, the UK’s largest online real estate portal and property website. Homes in Newport only take about 52 days to find buyers. This time last year, it took a third longer. This dramatic increase can be attributed […]
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What is MEES? MEES stands for Minimum Energy Efficiency Standards which will come into effect on 1 April 2018. What does this mean? The government introduced MEES which states that any property with an EPC rating of ‘F’ or ‘F-below’ may not be rented out from 1 April. Every property has an EPC rating (Energy […]
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