|
Beginner's Guide: Extending a Lease |
Extending a lease in the UK can be a little tricky at first. But with the right guide, the right information, and the right attitude, you can find yourself quite successful in the UK leasing market.
As a beginner, you need to have a clear background and the right information about extending a lease. For starters, a lease is simply renting. A lease is the right to occupy a certain property (an apartment, a flat, or a store space) over a given period of time. The duration of the lease is normally set from 70 years to over 100 years. During this time, you are known as the tenant. Although you are staying in the property, the freeholder still owns it. The information below aids to answer the basic questions you may have about extending a lease. |
|
Read more...
|
|
|
Extra Supply in London Driving Down Rents |
|
 Current statistics show that the prices of renting a house in London is steadily dropping due to one main, irrevocable truth: there is much more supply than the demand for it. When this happens, the logical thing to do to be able to survive is to drop rates. Dropping rates means less profit for BTL landlords, and of course, less chances of immediately recovering capital that has been laid down to acquire the properties in the first place.
According to recent studies, the general trend is unstable: there seems to be equality between supply and demand in one month, and drastic changes the next month. Yearly trends show that the supply is increasing at an alarming rate. This doesn’t mean that UK is expanding in size. This simply means that more tenants are leaving than coming in. With less tenants to service, properties are being marked down at an alarming rate too: seventy four pounds every week is the marked trend in rental reduction.
|
|
Read more...
|
|
|
Start Saving Before It’s Too Late |
|
 For people living in the United Kingdom, there are three main problems especially for those who were not born wealthy or do not have stable enough jobs to feel secure every minute of the day: rising cost of goods, rising cost of transportation and of course, rising cost of rent or real estate prices. This grim picture requires our own special attention. What can we do to help ourselves before it’s too late.
On the microscopic level, meaning, on the level of the person, saving may be one of the best ways to combat the looming crisis. The following are ways to save money without really sacrificing your daily activities. A bit of twisting and bending is all that is required to make saving part of your daily routine. |
|
Read more...
|
|
|
London House Prices Go Down |
OK so you have read the media, watched the news and sat wondering just how safe are your investments in property. Sorry to be the deliever of bad news but the property prices in London are not looking good! Since the property boom that started in the UK back in 1999 properties continued to rise, mortgages that used to be worth one and a half times a workers wage went up ridiculously.
Property owners in London were left cashing in on their rental properties that have almost tripled in price. If you were already on the property ladder then you needn’t worry about the raising house prices, however if you hadn’t managed it to the mortgage stage yet you will barely stand a chance. |
|
Read more...
|
|
|
House prices drop in regions with high crime |
|
The title states the obvious! You really cannot expect to have a property of a high value that is in an area that’s riddled with crime. If you already own a house there then you can expect that unless the police take control of the area and get the crime under control. A person wanting to buy a property most certainly won’t want to buy your house!
Sorry for stating the cold harsh truth but no matter how well maintained that your home may be you haven’t got a chance of selling your home in a location of high crime even if it had gold paved floors! |
|
Read more...
|
|
|