Buy to Let tax relief – important changes from 1-APR
As we are fast approaching 1-APR this post is a reminder of the new Buy to Let (BTL) tax regulations due to start imminently. Who does it affect? This will apply to you if you have a BTL mortgage but it will NOT apply if there is no mortgage on the relevant property. What has […]
Brighton & Hove average rents February 2017
Monthly update on local market trends using Rightmove statistics Brighton & Hove Rent Trends: 1 bed 2 bed 3 bed 4 bed 5 bed April ¬£878 ¬£1,260 ¬£1,512 ¬£1,853 ¬£2,382 June ¬£849 ¬£1,246 ¬£1,519 ¬£1,853 ¬£2,430 August ¬£899 ¬£1,248 ¬£1,644 ¬£2,173 ¬£2,476 October ¬£920 ¬£1,272 ¬£1,553 ¬£2,066 ¬£2,353 December ¬£881 ¬£1,304 ¬£1,584 ¬£1,958 ¬£2,478 Average […]
Brighton & Hove Council proposing city-wide PRS licensing
I am sure you are aware that some properties require an HMO (Houses of Multiple Occupation) license. I recently attended a National Landlord’s Association event following Brighton & Hove Council’s meeting proposing a Private Rented Sector Discretionary Licensing Scheme on 16-NOV-16. Nothing to worry about? Read on…. To set the scene what are the HMO […]
Brighton & Hove average rents October 2016
Monthly update on local market trends using Rightmove statistics Brighton & Hove Average Rents: Avg 1 bed +2.3%¬†¬†¬† ¬£920 PCM Avg 2 bed -1.0% ¬†¬†¬† ¬£1272 Avg 3 bed -1.1% ¬†¬†¬†¬† ¬£1553 Avg 4 bed -1.1%¬†¬†¬†¬†¬† ¬£2066 Avg 5 bed -1.1% ¬†¬†¬† ¬£2353 Brighton & Hove New Instructions: Let me know if you would […]
Is the banning of tenant fees good or bad?
Do you want to know how this will affect you? Contact Julian at Bishop Sullivan today to find out: +44 (0)1273 862221 or lettings@bishopsullivan.co.uk This post looks at the proposed ban from the position of Landlord, Tenant and letting agent. The Autumn Statement As you are aware the statement on 23-NOV stated that fees charged […]
A look at Supply and Demand in the Private Rental Sector 2016
A look back at 2016 In the 17 years I have been in the industry I cannot remember a single year where there were so many changes: Right to Rent Act Letting agents displaying fees Energy Efficiency Standards Selective licensing (HMOs) Wear & Tear allowances Section 24 of the Finance Act Stamp Duty Land Tax […]
Brighton & Hove average rents August 2016
Monthly update on local market trends using Rightmove statistics Brighton & Hove Average Rents: Avg 1 bed -0.3%¬†¬†¬†¬† ¬£899 PCM Avg 2 bed +1.2% ¬†¬† ¬£1284 Avg 3 bed -2.8% ¬†¬†¬† ¬£1644 Avg 4 bed +12.9%¬† ¬£2173 Avg 5 bed -0.1% ¬†¬†¬† ¬£2476 Brighton & Hove New Instructions: Let me know if you would like […]
Brighton & Hove average rents July 2016
Monthly update on local market trends using Zoopla statistics Brighton & Hove Average Rents: Avg 1 bed +2.6% ¬£872 PCM Avg 2 bed +1.1%¬† ¬£1259 Avg 3 bed +7.3% ¬£1638 Avg 4 bed +4.4% ¬£1938 Avg 5 bed -1%¬†¬†¬†¬†¬† ¬£2337 Brighton & Hove New Instructions: Let me know if you would like to hear about […]
Brighton & Hove average rents June 2016
Monthly update on local market trends using Zoopla statistics Brighton & Hove Average Rents: Avg 1 bed -1.5% ¬£849 PCM Avg 2 bed +1.3% ¬£1246 Avg 3 bed -1.5% ¬£1519 Avg 4 bed +0.8% ¬£1853 Avg 5 bed +/-% ¬£2430 Brighton & Hove New Instructions: Let me know if you would like to hear about […]
Is Brexit good or bad for landlords?
Is Brexit good or bad for landlords? We all know the song, what does it mean for landlords if we take the ‘out’ option? It is estimated that immigration will reduce and the UK population will be approx. 1 mill less by 2026. In essence this means fewer tenants looking to rent. A lower demand […]