For a good while, buy-to-let schemes have proved to be profitable in the United Kingdom. Last year, rental prices in England rose by 1%; Wales was the second best market with a 0.9% growth in rental prices. Any estate owner can give the buy-to-let scheme a try with good prospects of earnings; it’s easy to find tenants thanks to social media and websites, and rental prices can be established without much research. Now, you need to consider some important factors before you launch yourself into the landlord scene.
Legally, you’re not bound to make renovations to your property to make it accessible. However, doing so will help you expand your base of potential tenants.
An accessible house that features proper ramps, wide enough doors and adapted bathrooms, will have a competitive advantage over other properties without those features, even if the people moving in are not disabled. 47% of Brits have stated that they’re more likely to choose a property with a bathroom on the ground floor. Depending on the structure of the house, these renovations won't be costly, and will add a lot of competitive value to your property.
Running an independent business can push your personal boundaries and become too intrusive on your daily life. A dedicated virtual mailbox for your business-related messages will prevent this from happening.
Not only will you be able to switch off and give yourself some much needed mental rest, but also, you’ll be protecting your valuable personal information.
A virtual mailbox will also help you to seem more professional and reliable, creating a good impression with prospective tenants. No tenant would be happy with their landlords mail turning up at their new home!
Seeking legal advice from the beginning of your venture is a must, you don’t want to mess up with law or taxes. The British Landlord Association gives legal advice for free, so make sure to check out the resources they offer.
You can learn about the process of registering as a landlord, how to handle difficult tenants and evictions, unusual situations with tenants and many more. You will need to contact other advisers for enquiries about building and planning, deposits, and court proceedings.
Buy-to-let schemes, when managed correctly, have proven to be so profitable that some people consider them an option for retirement. Personal financing schemes include buy-to-let strategies as a viable way to fund your later life or finance major projects like business investments and careers. If you get ready from the beginning, with the right advice and the proper measures taken, becoming a landlord can change your life for the better.
As a sole trader or freelancer, there will be times where you need to provide an address. In these scenarios, you may not want to or be able to provide your personal address. Find out how virtual offices can help.
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Knowing how to shop online safely can help to secure your private data, & with Christmas around the corner, it’s important to read up on common tactics.
Dropshipping & fulfilment services are a perfect way to start your ecommerce journey. Find out what they are & how to get started with this business model.
As of September 14, 2019, there are new rules in place for processing payments. These checks have been instated to boost security of user transactions.
It’s recommended that businesses have an efficient & secure mail process in place. We’ve looked at how you should organise your business mail in this blog.
CN22 & CN23 customs declarations are required when sending goods outside of the UK through the Royal Mail. Learn what they are & how they’re used here.
For anyone looking to start an online business, we’ve covered some of the basic do’s and don’ts to help you get started and remain competitive online.
An EORI number, or Economic Operators’ Registration & Identification number, is used by customs to monitor trading between EU and non-EU countries.
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