Posts Categorized: Landlords

Harrogate Buy-to-Let Property Market: A Harrogate Landlord’s Perspective on Recent Trends

Over the past few years, the UK rental market has experienced significant fluctuations, with rents increasing dramatically during the Covid-19 pandemic. Between 2020 and 2022, demand far exceeded supply, driving rents to unprecedented levels. In Yorkshire and Humber for example, the average rent has risen from £757 per calendar month (PCM) to £962pcm YTD in… Read more »

The Average Rent Paid by new Tenants in 2024 by Region

The Average Rent Paid by new Tenants in 2024 by Region

In the lively tapestry of our UK property market, each region stitches its own colourful thread, offering a fascinating snapshot of our nation’s diversity – especially when it comes to the average rent prices. In 2024, it’s London that’s still dancing to its own fast-paced rhythm with an eye-watering average rent of £2,872 per month… Read more »

A Landlords Journey

For many folk property investments are a very important part of their financial planning for wealth generation, security, and future retirement although often centred in their own home can also extend to additional properties. The introduction of BTL (Buy-To-Let) mortgages around 25 years ago marked a significant step change in planning and presented opportunities for… Read more »

WINNER PRESS RELEASE – ESTATE & LETTING AGENTS

WINNER PRESS RELEASE – ESTATE & LETTING AGENTS Issued 23rd October 2023   PHIL SPENCER ANNOUNCES TOP AGENTS FOR CUSTOMER SERVICE IN THE UK MYRINGS ESTATE AGENTS wins award at The ESTAS, the most prestigious awards in the UK property sector. The Harrogate based agency Myrings Estate Agents received the Best in Postcode HG1 for… Read more »

Big mistakes made by Accidental Landlords

I am covering tricky topics as they come along and so let’s consider now the pros and cons of being an accidental landlord. These are landlords who find themselves in the rental marketplace not necessarily through choice – for example someone inheriting a property following the death of a relative. Sometimes rather than selling, or… Read more »

A Shortage of Rental Stock in Harrogate

“Fools rush in where Angels fear to tread” should serve as a warning to me, but I am going to do my best to explain now why there is a shortage of rental stock  – especially of larger family homes – in Harrogate and elsewhere in England. There is, understandably, in my view, a widely… Read more »

Harrogate and The New Renters Reform White Paper

Even before Boris announced his decision to appoint a new Housing Minister (13 in 12 years) and then resign a number of our Landlords were asking us what the real implications/consequences of the new Renters Reform White Paper were for them and their investment/prospects. Our response  – very consistent over so many years is  –… Read more »

BTL – A GOOD INVESTMENT IN HARROGATE?

Buy To Let

Predictions about the future of BTL (Buy to Let) in the UK vary. Some say that the BTL sector is thriving and will continue to grow in line with increasing Tenant demand. Others say that the weight of legislation and the associated costs are driving Landlords out of the market. One of the key questions… Read more »

Landlords and Self-Management

Accidental or new Landlords managing their own property investments may seem like a very good idea – but we wouldn’t recommend it – and here are just a few of the simple reasons – in brief  – why : Finding Tenants. How difficult can it be ? – folk are crying out for good rented… Read more »

Landlords – is now a good time to invest ?

The Residential Sales marketplace in Harrogate is overheated and running at record levels for reasons we all understand  – as per the Stamp Duty ( SDLT) holiday , historically low interest rates and very attractive Mortgage deals ( with 95 % government backed Mortgages are set to go live in April). The Rental marketplace is… Read more »