Right to Rent, Online Checks and Brexit, What You Need to Know
Right to Rent was introduced in February 2016 to try and prevent illegal immigrants applying for housing in England by making all adult occupants prove they have a legal right to reside in the UK before getting a tenancy. Landlords and Agents were, and still are, obliged to ensure these checks are done correctly, or […]
Islamic Mortgage Anyone And Property News Roundup
I was reading about Islamic mortgages becoming even more mainstream just this week. I studied the subject several years ago as part of my property training, and decided to revisit. Before I go any further, I must stress I am not a mortgage broker, and neither am I am property sales agent, I am quite […]
Extra charges – opal lettings versus other agents
Services Charges From Other Agents Our Charges Reference and install reputable tenants Equivalent one and a half months rent (£975) plus 20% VAT 0 Referencing is with Vouch Ltd, includes Financial checks, employment history, affordability, Adverse Credit, full verification £25 – £50 plus VAT 0 Renew agreements at no extra charge to tenants or […]
Buy To Let Landlords – Your Country Needs You!
We know the divide between wages and house prices in the UK is rather excessive, and we know the reason for this is that demand outweighs supply. A simple law of economics is that if there is more demand for goods that are in short supply, then these goods will automatically cost more. Today, I […]
Should You Buy in Huntingdon?
A few weeks ago, I discussed the differences in the rent that could be achieved from properties in the villages and towns around Huntingdon, compared to the town itself. However, I didn’t mention the average values in both and how that affected their annual returns/yields. The average terraced house in Huntingdon is worth £211,542, up […]
Zero Deposits – Beyond The Hype!
Zero Deposits is the new buzzword in Lettings at the moment. You only have to pay a visit to any major rentals portal and on many adverts you will see a humongous red slash across the picture gleefully announcing zero deposits. As a tenant, with zero deposit you can rent your home without paying a […]
Opal Lettings Property News
Opal Lettings Property News round up brings you up to date with what has been happening in Property this summer. Huntingdon House Prices: The average property price in Huntingdon is £296,016 now in August 2019, according to latest figures from Zoopla. Since May this year, it has fallen 0.93% and since August 2018, it has […]
Opal Lettings Guide To Tenant Fees Ban
Since last Saturday, 1st June, the Tenant Fees Ban has become law. In most respects it is a good thing, as some Letting Agents and Landlords have been charging inflated prices for credit checks and inventories. And under the new laws, there is also a limit to the amount they can charge for deposit, and […]
Landlords: High Court Says Right To Rent Scheme Breaches Human Rights
I normally write about the Huntingdon and Peterborough property market, but this issue is a nationwide problem that affects us all. Not exactly breaking news, as it was announced on 1st March. But the best news I have heard all week! The Right to Rent scheme was introduced in England in 2016 and forces Landlords […]
Opal Lettings Asks, How Safe Is Your Rented House?
How Safe is Your Rented House? As it’s Spring clean time of year, Opal Lettings have listed a few areas of compliance that you need to address if you have a rented property or are considering renting out a property. Not only do you need an EPC (Energy Performance Certificate), it now needs to be […]