1. Unexpected mini-boom gathers momentum
Not so great news for us investors unfortunately. It’s most certainly a seller’s market out there now! Certainly not a market for finding bargains…yet!
The Stamp Duty holiday and better mortgage products for first time buyers are having their effect on the market but I stand by my predictions; lending confidence will diminish, surveyors will become more cautious in their valuations and bargains will start to come to market in around 9 to 12 months’ time.
---------------------------------
2. The end of discriminatory ‘No DSS’ clauses in rental contracts?
The subject of discrimination of tenants in receipt of benefits has been around for a long long time. Unfortunately, there is a stigma attached to benefits tenants, usually because of the inappropriate stereotype attached to them.
In my experience, the better landlords have always considered benefits tenants on a case by case basis. The reality is you can do as many checks as are available, but some tenants just slip through the net and this applies to non-benefits tenants as much as those in receipt of them!
A welcome change to the rules in my opinion.
-----------------------------------
3. Asking rents reach record highs as rental markets surge after lockdown
Positive news for those considering traditional buy to let investments. Tenant demand increasing, rents increasing and a Stamp Duty holiday until March next year. Interesting to also see holiday let landlords going back to more secure, longer term tenancies following Covid-19!
Of course, it’s important to remember that you need to buy in the right area and choose the right tenant type in order not to buy yourself a liability!!
------------------------------------
4. Agents slammed for failing to protect staff and clients in virus crisis
I’m sure there will be a lot of industries where these concerns are prevalent. We all know/heard about Leicester and it’s ‘local lockdown’ and reported issues around workplaces which were not observing the health & safety guidelines around social distancing or workplace sanitation. Employers in all industries have an obligation to their staff and customers to ensure they are safe while carrying out the duties/responsibilities required of their role.
Within Agency the busy market will only serve to make things more challenging as they try to balance the high demand with their obligations to adhere to government guidelines and keep everyone safe at all times.
------------------------------
5. Genius Hacks to Make Camping with Kids Fun & Stress-Free
Some really great tips here, especially for those who are regular campers. Not sure they’ll all apply to our first family trip (which will almost certainly be at a campsite near a Premier Inn)!
============================
Here are 4 ways we can help you on your property investing journey:
1. Become an InsidersCircle member and learn how to source more property deals.
2. Take the FREE #GoliathKickStart mini course.
3. Join our free property deal sourcers Facebook group community.
4. Listen to the only dedicated property deal sourcing podcast in the UK.