Posts Categorized: Tenants

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 »

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 »

New Electrical Safety Regulations

New ESR (Electrical Safety Regulations) will shortly come into force, subject to parliamentary approval. In simple terms, these new electrical requirements will replicate those of the long standing Gas Safety Regulations. These new regulations are part and parcel of the governments Rental sector reforms which mean that Landlords’ legal responsibilities are increasing and workloads growing…. Read more »

A Good Letting Agent – More Precious Than Rubies

Proverbs 31:10 ‘Who can find a wife of noble character. She is far more precious than rubies’. Too true and most Landlords take the same view about finding and keeping a good Letting Agent. From time to time however we are approached by a Landlord who is looking to instruct us but is unsure on how to go about dis-instructing… Read more »

No Deposit Option

We like to think that we tackle some tricky topics where there are no “rights or wrongs” and numerous legitimate “for and against” reasons on both sides of the  “No Deposit” debate. We don’t currently tend to recommend  “zero deposit” schemes to our Landlords for the simple reason that we very seldom get asked for… Read more »

How to be a good (buy-to-let) Landlord

Encouraging good tenants to stay saves you trouble and fees also pays off in the respect shown to the property. Put simply – Landlords need to be kind and realistic to attract & keep good tenants and reduce costs / optimise yields. There are numerous sensible reasons why a great many people decide to become… Read more »