Tag Archives: Bristol lettings

Was the Summer Budget positively focused on buy-to-let landlords in Bristol?

Here at City Rental Services, we like to keep an eye on industry legislation, so we’re better placed to advise and assist our buy-to-let landlords in Bristol.

A significant piece of Government legislation recently has, of course, been the Summer Budget – and it’s sparked a huge amount of debate in the lettings industry and Bristol rented property market in recent weeks.

advice for buy-to-let landlords in bristol from letting agency City Rental Services

We found a useful industry article here, covering a few concerns that the recent Budget would force private landlords and buy-to-let investors in Bristol to raise rents.

For us, as experienced independent letting agents in Bristol, there are two main areas of concern for landlords with the Summer Budget – namely:

  1. The restriction on ability to claim interest rate relief on the higher rate for taxpayers (40%) on buy-to-let mortgages
  1. The loss of 10% wear & tear allowance against income – in future, receipts must be available to prove that expenditure has been incurred

We’ve seen a number of legislative and financial attacks on buy-to-let landlords and property investors in Bristol during this year, and we’d advise all potential new private landlords and property market investors to seek professional industry advice before ploughing pensions pots into property.

We’re not accredited financial advisors here at City Rental Services, but we’re always happy to help and assist our private landlords in Bristol, and often find each week sees a number of our property portfolio landlords in Bristol popping in to see us and discuss the Bristol property market in depth.

To find out more about our letting agency services in Bristol, simply call into 58 Gloucester Road to see us.

City Rental Services utilises Facebook for Bristol rental property updates

At City Rental Services, we’ve been using social media platforms on a personal basis for a while now.

With the advance of sites such as Facebook, we thought it would be a good time to join the online revolution and start utilising Facebook as a powerful online tool to help advise and guide tenants and landlords alike.

So, why not come and visit us on Facebook today? You’ll see weekly rented property updates via our Page, as well as links to useful property websites, our weekly Blog and more.

Micheala Thompson, one of our negotiators, is managing our Facebook Page, and has been enjoying the world of social media engagement – as well as her other duties in the office, including meeting clients, rented property inspections, collating property Inventories, taking rented property photographs, preparing Tenancy Agreements, managing advertising, writing property reports, organising property viewings, uploading rented property details and images to RightMove for our landlords, and adding new rented property details to our main website daily.

Micheala has been with us for two years, and is Bristol-born-and-bred. Although only 21, she’s worked for another letting agency in Bristol before joining our team, and has plans to travel around Asia later this year.

Micheala will be making sure that our very latest rented properties are uploaded onto our Facebook Page, so stop by and have a look today.

If you have any queries about our central Bristol letting agency, please feel free to contact us here.

How planning legislation affects the Bristol lettings sector

Keeping up-to-speed and informed regarding central Government and Local Authority planning legislation is a key consideration for any letting agency in Bristol – and rightly so.

The impact of housing law has a direct affect upon how a professional letting agency handles and manages all of its tenant and landlord relationships.

At City Rental Services, we monitor planning legislation regularly, to ensure we’re up to date in our understanding of the requirements of Bristol City Council.

One of the least-publicised – but potentially most powerful – pieces of planning legislation came into effect on December 2011, concerning the protection of homeowners in quiet residential areas, where student tenancies are in danger of overwhelming a street or series of streets.

Bristol City Council is one of the local authorities handling this new legislation in the city, but due to the lack of debate and discussion on a widespread level, it has remained largely under the radar and somewhat un-noticed in Bristol.

Essentially, under this piece of planning legislation that came into effect from April in Bristol, a planning application must be made by a landlord wishing to let a property to three or more persons, not a family, for the first time.

You can read the basic definition of the new legislation here, as well as earlier industry coverage of the legislation here.

As with so much planning legislation we see these days, the main issue to consider is how this will be enforced across the Bristol lettings sector.

This industry article gives an excellent overview. Well worth a look, and highlights some of the potential issues to come for Bristol landlords.

If you have any queries about our central Bristol letting agency, please feel free to contact us here.