Latest information

Say “Hello” to 2 new team members

Due to our continued growth we are pleased to introduce two new team members. Carl and Charlotte.

Carl is an seasoned lettings professional and brings his experience to the team. Charlotte joins the maintenance and administration team and will responsible for making sure all our properties are kept in tip top condition.

I am sure you will join us in wishing then all the best in their new roles.

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HMOs The Good – The Bad – The Ugly … and how to make money from them

This is the title of the talk which will be giving at the Nottingham National Landlords Association meeting. The date has been confirmed as 30th June and it is promising to be a great evening with lots of useful information and an excellent opportunity to network.

For more information please go to :

http://www.landlords.org.uk/events/meeting/2011-06–P1M

If anyone would like to send it some questions please email them to office@mclproperty.co.uk

See you there

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MCL to present at Nottingham NLA Meeting

MCL Property has been asked to present at the Nottingham Landlords Association meeting at the end of June.

We will be using his wealth of experience and knowledge to disuss Room by Room Lettings, HMOs and Bedsits. Specifically on how to start and manage them effectively and maximise your profit.

We will them talk about the current legislative changes and how this will effect current landlords and the market going forward.

It is sure to be an interesting and informative talk.

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Jobs and economy woes fuel demand for rooms and bedsits

Over the last few months numerous announcements of cuts and spending reviews have led to a lot of people being cautious about where to set up home next.

What we are seeing is a massive increase in demand for good quality accomodation, namely rooms; bedits and flats.

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Spending Review Update

The Government encourages people to rent a room in a House Share !

In the long awaited spending review, the government has announced that people should look to rent rooms in shared houses until the age of 35. That is an increase of 10 YEARS from the current level which is 25 years old.

Great news for all Landlords who are looking to increase the rental on their property. Call us now to see how you can cash in on this and double your rental income !

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Government Cancel HMO Planning Legislation

As widely reported, landlords and landlords organisations were extremely unhappy at the changes which were brought in to the planning laws on 6 April this year by the last government.

Suspected to have been introduced largely because of problems in one minister’s constituency with ‘studentification’, Labour’s new rules provided a blanket obligation on all landlords of new HMOs to obtain planning permission.

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Tenants Struggling to Pay Rent

Tenants are increasingly in difficulties after rents rose at their steepest rate for two years. Landlords hiked rents in August by 1.4%, according to LSL Property Services. The rise means rents are the highest they have been since September 2008.

Unsurprisingly, LSL – parent company of Your Move and Reeds Rains – reported in its latest buy-to-let index that tenant arrears jumped 25% to reach £266m, or 11% of all UK rents –  up 25% from July, with tenants in the north-east hardest hit.

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Rental Demands Soar

The number of tenants seeking rental properties has reached an eight-year high, according to the Association of Residential Lettings Agents.

Ian Potter, operations director of ARLA, said: “The market has bounced back in a way that no one could have predicted, to levels of demand that have not been seen since the last century.

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