November 10, 2019

Did you know that from 16 September 2019 if you are applying or renewing your landlord registration you will be required to confirm that you are complying with all the legislation that pertains to renting property - and that is all legislation!

It must therefore be of concern that Aberdeen City Council recently reported that around 40% of all registration applications received have been put on hold because applicants have ticke...

November 3, 2019

There may be many of you reading this who may be feeling slightly uneasy at what I am about to say. Are you sitting on a resi mortgage but renting out the property? Not bothered to tell the lender that you are renting the property? Well it looks as if the net may be tightening.

I spoke to one high street business development manager (BDM) who said that they will continue to offer a consent to rent but after a 6 month period the...

March 7, 2019

I have always said that we do not need walk in traffic to survive. After all we have been successful up until now based in a basement on Royal Crescent where no one knew where or who we were.  However, I do not want just to survive here and if we are to make a roaring success of the Crow Road office walk in business and how we deal with it is absolutely crucial.

My gut tells me that the first half dozen or so mortgage...

March 3, 2019

So we finally managed to get the shop open on 11 February and have been trading out of there for the last couple of weeks. Many thanks to my pal Ross Bottomley for helping out with the muscle! There are still some bits and pieces that we still need to sort out but I expect by the end of March we will be near as damn it done and dusted. Last week saw the internal sign go up and this week we have an update on the planning applic...

February 6, 2019

As we head into February it is time to review or plans for the forthcoming year.

Income of £160K for the first year and £90K to December 2019

My main focus is income generation and we are in talks with a couple of estate agents and legal firms with a view to agreeing some lead generation opportunities. Whilst the figures for January took the usual hit given the Christmas period, the pipeline looks encouraging. We need to average...

January 16, 2019

Listen, the last thing that I want to be is the bearer of bad news but I guess you're better hearing it from me than someone else.

Just heard on the grapevine that Birmingham Midshires, as from 21st January, are increasing their minimum values on properties that they will lend on. Many of you who are investors will have Birmingham Midshires mortgages especially if you fish at the bottom end of the property market beloved of t...

January 3, 2019

I stepped on the scales this morning and as with most people got the usual post Xmas shock as the scales tipped into 85kg territory. Now that's not very heavy I hear you grown. But that's not my point . We all have a target weight and if you step out of line it is always a bit disappointing when you stand on the scales and read the number. This now means a battle for the next month to shed the mince pies. For me this means cut...

December 30, 2018

And the half year results are in!

We have now been trading for six months and I have set some lofty goals for the business on launch. As far as income is concerned I want to achieve a turnover of £160K for our first year which is a monthly income a slight nudge above £13K a month. I appreciate that going public with such a statement is maybe not what a lot of businesses do but I want to share our journey in the hope that it may...

December 24, 2018

With all of the talk around serviced accommodation relating to the 90 day rule, I thought that I would type in this phrase to Google. Unfortunately it would appear that the whole world is not obsessed as much with serviced accommodation as I am. Everybody else appeared to want to talk about when it was appropriate to have sex rather than the effect such a rule would have on your rental income. More of this later!

Anyway back to...

December 22, 2018

The Scottish Association of Landlords is a wonderful resource for landlords and if you have not signed up  - £95 per annum - you should certainly consider it. Great articles on a regular basis. This one is about changes to BTL legislation that you may think affects the whole of the UK but in fact only affects England at the moment.

1. EPCs
Since 1 April 2018 private rented sector (PRS) properties in England & Wales have had to...

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