Tag Archives: buy to let properties in bristol

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.

Buy To Let demand increasing in BS5 and BS7 postcodes

At City Rental Services we’ve noticed a steady increase in demand for buy-to-let properties across Bristol in recent months – particularly across BS5 and BS7 postcodes.

Advice for buy to let landlords in Bristol

Local agents have reported high demand in these areas of Bristol, whilst buy-to-let remains an ever-popular investment in the city.

BS5 and BS7 are an easy distance to the city centre, and offer a modest investment for good returns.

In line with this, it appears that experienced buy-to-let landlords are slowing down on the amount of remortgaging. This trend could indicate that long-term rented property investors have hit ceilings on their property portfolios.

According to recent research, remortgages in the UK dropped overall by 6% by the end of June this year, whilst buy-to-let mortgages have increased by 6% in the first half of 2014 across the country.

As a rule of thumb, the cheaper the property to purchase, the higher the % return on the initial investment, although it’s important to factor in the costs of ongoing upkeep through refurbishment and refreshment of these rented properties in Bristol, of course.

Being based on Gloucester Road, we’re able to spot properties coming onto the market quickly in the area, and as a leading independent lettings agency in Bristol, we’re always happy to advise and assist potential and existing rented property landlords.

If you’re looking to invest in properties in BS5 or BS7, call in to 58 Gloucester Road to see us.

Are you looking to increase your Buy-To-Let portfolio in Bristol and considering the student rental market?

At City Rental Services we’ve noticed a rise in interest in recent months in the student rental market in Bristol, and this is with good reason.

According to a report published by the Telegraph, the average cost of student flats and houses has increased in Bristol by 7.7% in the past two years.

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This means that rented accommodation for students remains popular, and if you’re a landlord looking to increase your Buy-To-Let portfolio across the city, it may well be worth considering the student rental market.

Our top six reasons to consider Bristol for rental property investment include:

* There is a large and well-established student population of over 40,000 at two Universities in Bristol

* At City Rental Services, we have 100% annual take-up of our rented student accommodation

* Bristol is a great city, with loads going on – including the Gromit Unleashed appeal with 80 Gromits in and around the City over the Summer

* The Telegraph’s growth rate of 7.7% indicates a solid ROI in Bristol

* The mass of mid-terraced rented properties in Bristol remain popular with students, especially second-year students in the city

There’s a good choice of property rental areas with value for money in Bristol due to the two Universities, one in the centre and one in North Bristol.

If you’d like to find out more about our central Bristol lettings agency, please feel free to get in touch here.