In 2018, all landlords in the private rental market will have to meet stringent new regulations concerning energy efficiency. And although compliance isn’t required until April 2018, there are already some implications taking effect. So what does it mean for both existing and potential landlords? Is there Financial Support From 2016, tenants can require landlords to make reasonable improvements to the energy efficiency of their home, where there is financial support available, for example, from the Green Deal which provides government funding to finance the installation of green technologies. Landlords can, however, refuse if it means a financial outlay beyond the funding. However, by April 2018, all private rented properties must be brought up to a certain energy efficiency level. After that time, it will be illegal to rent out a property which is non-compliant. Where tenants are already living in a property, the landlord has until 2020 to complete the improvements. How is energy efficiency assessed Every property currently has an Energy Performance Certificate, rating the property between category A (the most efficient) and G (the least efficient). In 2018, the minimum acceptable standard will become category E. For more advice on this, you can contact Base Energy who […]
Investors take note of this complete development of 18 new build, two bedroom apartments in New Brighton Wirral. Split into three blocks, one of 12, 4 & 2. Built to a very high standard and offering a fantastic yield. One of the best sited developments in Wirral at this sensible price. Buy To Let investment in Wirral These apartments are ideal for buy to let investment in wallasey with property prices on the up and home purchasing becoming out of reach for most first time buyers; buy-to-let seems to offer a better return than most saving’s accounts. Our apartments are based in Wallasey (or New Brighton if you’re from around the area) in Wirral, and are located in a residential area with a mix of different types of homes. The local shops are short walk away and the option of great schools accessible by foot. Typical Rent for this type of property is around £600 per-calendar-month, making these flats and decent return on investment. So as an example: For a £110,000 interest-only buy-to-let mortgage, payments would be £334 a month, or £4,008 over a year. So if you decided to rent at £600 per-month your annual income would be £7,200, […]
