Nuneaton private landlords do not panic. We are here to help!


After hearing many a story about landlords thinking of selling up to avoid any implications or fines that may come their way as result of being a private landlord I came across an interesting article , which suggested that landlords could indeed be selling up their buy-to-let investments due to increasing burdens on them in the buy-to-let market. Their findings suggest the number of new properties that came onto the market nationally (for sale) jumped by 11% across the UK as a result. These findings however do not specify if the increase in properties that have come onto the market are in fact residential or current buy-to-lets… so as ever, I suggest we don’t all go into panic mode but instead take the precautions necessary in order to keep your investment!

Those increasing burdens include new tax rules coming in over the next 3 to 4 years and the announcement that all self-managing landlords (i.e. landlords that don’t use a letting agent to look after their buy-to-let property) will soon need to register with a compulsory redress scheme to resolve tenant arguments and disputes; as Westminster wants to heighten standards in the Private Rented Sector.

A few weeks ago I was chatting with a self-managed landlord from Coventry who didn’t realise the other recent legislations that have hit the Private Rented sector, including the ‘Right to Rent’ regulations which came in to operation last year. Landlords have to certify their tenants have the legal right to live in the UK. This includes checking and taking copies of their tenant’s passport or visa before the tenancy is signed. Of course, if you use a letting agent to manage your property, they will usually sort this for you (as they will with the redress scheme when that is implemented).

If you are a self-managed landlord though, the consequences are severe because if you let a property to a tenant who is living in the UK illegally, you will be fined up to £3,000 – this came to a huge shock to said landlord!. That same landlord contacted me last week, and I checked all his paperwork to ensure he was on the right side of the law going forward – and I offer the same to any landlord in the Nuneaton area if you want me to cast my eye over your buy to let matters (and at no cost – maybe just a cream cake to have with a lovely cuppa)
If you are a self managed landlord and feel that the burden and risks involved to you personally with all these changes might be too much, just give us a call on 02477 674545 and we can make the whole process stress free for you, and you can just sit back and enjoy the rental income each month.

Do Nuneaton Landlords need letting agents?


The short answer is that landlords don’t need to use the services of a letting agent. Many landlords decide to be hands-on and undertake the whole lettings process themselves.

I started investing in buy-to-let property ten years ago and I was keen to learn and control the whole process myself. I was wary of entrusting others with what was ultimately my financial future, something no agent could possibly care about as much as me.

I appreciate that other landlords may share a similar viewpoint, wanting to do all the work themselves. I am happy to point this type of person in the right direction, ensuring they approach the magnitude of letting a property in the right way. For example, I would strongly advise joining a landlord association, which goes a long way to providing you with the tools and documentation required to do the job, alongside keeping you updated on the latest legislation.

One major difficulty for today’s private landlord is finding the best tenants in the quickest time possible. Traditional classified adverts have largely made way for an increasingly online society, whereby tenants (particularly the better quality ones) are now using the property portals (e.g. Rightmove) and social media (e.g Facebook) to find their next home.

To help connect Nuneaton’s DIY landlords with tenants, we set-up a Facebook group called ‘Nuneaton Houses To Let, For Sale or Wanted’, which is free for everyone to join and participate in (search for it on Facebook and click ‘join’). It allows landlords to post details and photos of their available properties and for tenants to post their requirements for property, in and around Nuneaton.

For many though, buy-to-let is seen as an investment rather than a second job. These landlords appreciate that a (good) letting agent is better equipped to take on the process as they often don’t have the time, knowledge or inclination to do the work themselves.

For these people, who often lack the hours required to conduct viewings, undertake thorough tenant referencing and keep on top of the admin involved in managing a rental property, whilst staying up-to-date with the ever-changing legislation, they may want to use a letting agent.

A competent letting agent who is diligent, pays attention to detail, treats each property as if it were their own, carries out a rigorous referencing process, makes their charges crystal clear from the outset and deals with maintenance issues quickly should be well worth the fee they charge to a landlord who simply doesn’t have the time or desire to take this on.

If you’d like to talk to me about how to do the job yourself or whether I, an experienced landlord and property manager (and all round superwoman), can help you with the management of your property, please feel free to give me a call on 02477 674545

Letting it and getting it RIGHT


We have so many landlords come to us when things go wrong with their tenants. This video aims to help you get it right from the start. If you would like to discuss anything mentioned in this video, please feel free to give us a call on 02477 674 545 or visit our WEBSITE

Nuneaton rents predicted to rise by 8.9% in the next 5 years!

It’s now been a good 12/18 months since annual rental price inflation in Nuneaton peaked at 3.3%. Since then we have seen increasingly more humble rent increases. In fact, in certain parts of the Nuneaton rental market over the autumn, the rental market saw some slight falls in rents. So, could this be the earliest indication that the trend of high rent increases seen over the last few years, may now be starting to buck that trend?

Well, possibly in the short term, but in the coming few years, it is my opinion Nuneaton rents will regain their upward trend and continue to increase as demand for Nuneaton rental property will outstrip supply, and this is why.
The only counterbalance to that improved rental growth would be to meaningfully increase rental stock (i.e. the number of rental properties in Nuneaton). However, because of the Government’s new taxes on landlords being introduced between 2017 and 2021, that means buy-to-let has (and will) be less attractive in the short term for certain types of landlords (meaning less new properties will be bought to let out).

Interestingly, countless market experts assumed at the start of 2017, that the number of rental properties would in fact drop throughout the year. The assumption being as the new tax rules for landlords started to kick in, landlords looked to kick their tenants out, sell up and invest their capital elsewhere. (Although ironically that would lower supply of rental properties, decreasing the supply, meaning rents would increase again!).

Circumstantial evidence suggests, confirmed by my discussions with fellow property, accountancy and banking professionals in Nuneaton, that Nuneaton landlords are (instead of selling up on masse), actually either (1) re-mortgaging their Nuneaton buy-to-let properties instead or (2) converting their rental portfolios into limited companies to side step the new taxation rules.

The sentiment of many Nuneaton landlords is that property has always weathered the many stock market crashes and runs in the last 50 years. There is something inheritably understandable about bricks and mortar – compared to the voodoo magic of the stock market and other exotic investment vehicles like debentures and crypto-currency (e.g. BitCoin).
Remarkably, there is some good news for tenants, as Tory’s recently published the draft Tenants’ Fee Bill, which is designed to prohibit the charging of tenants lettings fees on set up of the tenancy. However, looking at evidence in Scotland, I expect rents to rise to compensate landlords, thus hammering faithful tenants looking for long-term tenancy agreements the hardest. This growth will be on top of any usual organic rent growth. It really is swings and roundabouts!

So, what does this all mean for landlords and tenants in Nuneaton? In my considered opinion,
Rents in Nuneaton over the next 5 years will rise by 8.9%, taking the average rent for a Nuneaton property from £675 per month to £735 per month.

To put all that into perspective though, rents in Nuneaton over the last 12 years have risen by 20.7%. In fact, that rise won’t be a straight-line growth either, because I have to take into account the national and local Nuneaton economy, demand and supply of rental property, interest rates, Brexit and other external factors.

In the past, making money from Nuneaton buy-to-let property was as easy as falling off a log. But with these new tax rules, new rental regulations and the overall changing dynamics of the Nuneaton property market, as a Nuneaton landlord, you are going to need work smarter and have every piece of information, advice and opinion to hand on the Nuneaton, Regional and National property market’s, to enable you to continue to make money.

If you would like to discuss any of the subjects raised in the article, I would be more than happy to have a chat with you and see how we can help.
T: 02477 674545
W: www.qthomes.co.uk