Whether you’re already a landlord or you’re looking to take the plunge and invest in buy to let property for the first time, you’ll no doubt want to keep track of the latest developments in the industry. With this in mind, you may be interested in a new eBook that’s been launched by rental sector experts HomeLet.
The company, which specialises in tenant referencing, landlord insurance and tenant insurance, recently released the first in a series of informative eBooks aimed at landlords across the country. Here, we take an in-depth look at what this resource includes and give you details on where you can find it.
A regional focus
Each of the four books in the series will focus on three specific regions within the UK. The first centres on Greater London, the South East of England and the North West of England. Taking figures from the HomeLet Rental Index, which is based on information gathered from the company’s tenant referencing service, the eBook notes that the average rental value in the UK in the three months leading up to April this year was £764pcm.
However, it highlighted differences between the three regions. For example, in the South East and London, where the average values were £963pcm and £1,543pcm respectively, average rents were up on the same period last year. In contrast, the North West (where average rents were £659) recorded a drop compared with April 2015.
As well as providing statistics specific to each of the three regions, the eBook offered useful hints and tips from landlords and tenants in these areas. Contributors provided pointers on everything from preparing your finances as a landlord to setting suitable rents.
Each of the books in the series will also cover a topical issue affecting the rental sector. In this edition, HomeLet explores the recent rise in stamp duty and how this could impact on property investors. According to the company, although there was mass speculation that a 3% increase in the levy for people purchasing properties that aren’t their main residences could destabilise the market and depress rents, rental values have in fact continued to rise.
Where to get your copy
If you’re interested in the insights on offer in this eBook, you can find the full thing here on the HomeLet website. You can also keep a lookout on the site for the remaining three instalments.