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Landlords & Tenants
Is Northern Ireland's investor market melting as quickly as a
chocolate teapot? A combination of high loan payments, mediocre
rent returns and a drop in property prices, paint a grim
picture. However, in this stagnant market many landlords are
seeing an increase in the number of people renting and therefore
rent increases. So are landlords simply fat cats creaming the
benefits from those who still can't afford to buy? Becoming a
landlord isn’t merely a case of buying the right property, it’s
getting it rented and managing the tenancy that’s the challenge,
and one not for the faint hearted.
Long term property investors are still relatively protected
given that they bought when prices were low and have enjoyed
continual capital growth over the years. However, those who
began building their portfolio, particularly in the last couple
of years, are more than likely to be struggling with their
investment. The drop in house prices has driven some Banks to
hounding landlords to repay a proportion of their loan to
balance their risk. This pressure may be driving some landlords
out of a job. If you’ve been affected then why not join our
forum and share your experience or offer solutions to those in
the same shoes.
The current market also sees the birth of a new band of
landlords. These are people who, not through choice, but
necessity are renting their homes. They may be experiencing
divorce or a family bereavement and because nothing is selling
they’re renting their properties until the market moves again.
If you are one of these people then you’ll find the website a
valuable resource by chatting to people who have been in the
game a while and who can give you a ‘warts and all’ account of
what’s required, including the legal requirements. Simply enter
the forum and post your questions.
Experienced landlords will find the site useful for advertising
private properties to sell or rent, including uploading
photographs, simply click on the advertising link below.
Don't forget if you're selling/swapping your property you must have a completed EPC. Our forums
contain a dedicated EPC discussion forum if you have any queries regarding EPC.
Visit our buy, sell and give forum to advertise household goods
and furniture for free,
click here to visit the general discussion forums and get
started.
Tenants will find this site useful for searching places to rent
and also as a valuable resource for any tenancy related
questions.
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