Bournemouth Landlords

20/05/2024

https://www.finbri.co.uk/blog/best-estate-agent

Using an estate agent is the preferred way to source buy-to-let (BTL) properties for 68% of UK landlords. But who comes out on top in the poll overall and regionally, and how do landlords benefit...

18/12/2023

BCP COUNCIL SERVICES SET TO BE CUT BACK IN 2024 --->

Several services BCP Council has provided over many years could be either scaled back or cut next year. A consultation is being held right now by BCP Council asking residents what it thinks to its money saving ideas ahead of the 2024/25 financial year in April. The rising demand on council services combined with an increase in costs to provide services is predicted to add an extra £12.6 million to the cost of running BCP Council over the next financial year.

Why are these being proposed?

The council currently spends £315.3 million delivering public services to more than 400,000 residents across Bournemouth, Christchurch and Poole each year.

But it has warned some essential services, those that are more visible to residents, will have to be cut back in order to fill the £44m budget gap.

Some £32 million worth of cutbacks have been proposed by the Three Towns Alliance, as it works to close a £44m budget gap.

Comments on the proposals can be made at
https://haveyoursay.bcpcouncil.gov.uk/budget

Can I stop the council from making these cuts?

BCP Council has made it clear cuts need to be made, however, it is holding a consultation asking residents for its views or ideas going forward.

This consultation can be viewed here:
https://haveyoursay.bcpcouncil.gov.uk/budget

The consultation closes on 20 December 2023.

18/12/2023

The European Central Bank (ECB) has followed in the footsteps of the Bank of England (BoE) and the US Federal Reserve, keeping interest rates on hold at 4.0% for its final meeting of 2023.

It comes after ten consecutive hikes that began in July 2022, and as consumer prices in the eurozone only rose by 2.4% in the year to November. Core inflation also went down.

As inflation has fallen faster than expected, investors have now increased their bets for ECB rate cuts in 2024, currently pricing in almost 150 basis points of rate cuts next year.

“The risk is now earlier and larger cuts, and an ECB more capable of decoupling from the Fed,” said Mark Wall, an ECB watcher with Deutsche Bank.

Earlier today, Threadneedle Street left UK interest rates on hold at a 15-year high of 5.25%, with the monetary policy committee (MPC) voting by a majority of six to three.

Money markets are now predicting that Threadneedle Street will reduce interest rates by five quarter-point cuts next year, down from the current levels to 4%.

05/12/2023

What the Autumn budget means for property prices in 2024 --->

House prices are set to fall by thousands of pounds next year as interest rates remain high, forecasters have said.

The Office for Budget Responsibility said house prices will grow this year by 0.9 per cent, but then plunge by 4.7 per cent in 2024.

“This would be consistent with the price of the average UK home reaching a low of around £266,000 at its trough in the final quarter of 2024,” the OBR said.

This means that overall house prices will be 7.6 per cent lower in the fourth quarter of 2024 compared to their high in the first three months of 2022, which is less than the OBR expected.

The forecaster said they do expect house prices to recover, but they will not reach their 2022 peak until 2027. The OBR added that house prices are particularly sensitive to “changes in interest rates and household income growth”.

In addition to that home-mover completions with a mortgage in the first half of 2023 were a third lower than 2019 levels, while first-time buyer numbers were around a quarter lower, according to Nationwide.

04/12/2023

Advice for landlords: Keep calm and carry on! Here are three reasons why landlords should not sell their properties now:

- Rents are the highest they've ever been and properties becoming available have the best choice of tenants we've ever seen.
- If you decide to sell in the future, the Bill will allow you to seek possession on this basis.
- There will be strengthened grounds for rent arrears and anti-social behaviour

However, the Rent Reform bill does mean that it's going to be much more difficult for landlords to manage their let without help. The best way to protect your investment is to use our managed let services: https://www.martinco.com/estate-agents-and-letting-agents/branch/bournemouth

08/10/2022

Governments may say they’re doing all they can to halt the climate crisis. Don’t fall for it – then we might still have time to turn things around

16/07/2022

The renters reform bill: What you need to know as a landlord

After many delays since 2019, the government has now released its white paper on the long-awaited Renters Reform Bill.

Labelled “the biggest shake-up of the private rented sector in 30 years”, the ‘Fairer Private Rented Sector’ white paper has certainly caused some major headlines.

Find out more: www.martinco.com/news/the-renters-reform-bill-what-you-need-to-know-as-a-landlord

If you have any questions please contact your local Martin & Co office: www.martinco.com

11/10/2021

Ever wondered what your dream home looks like based on your star sign? Test your star sign compatibility with your dream house here!

02/10/2021

According to Zoopla, the rental market is moving at the fastest rate since 2016, with the average time to let a property at 15 days across the UK.

If you've got a property to let or are looking for your next rental home contact us today and we'll help get you moving https://fal.cn/3iDKv

05/07/2021

https://www.bournemouthecho.co.uk/news/19418866.bournemouth-agency-warns-property-scam/

A LOCAL estate agency is warning landlords and vendors about a “highly sophisticated” scam taking place across Bournemouth.

02/07/2021

⭐️⭐️⭐️⭐️⭐️ More 5 star reviews from our happy and loyal clients!

💪 We pride ourselves in our services as well as our quality of services.

📱 If you are looking to purchase property or investment opportunities as well letting, give us a call on 01202 559922!

🏡 Or you can simply visit us on: https://www.martinco.com/estate-agents-and-letting-agents/branch/bournemouth