Rising Court costs for Possession ..How to protect yourself

It’s always a sensible idea to make sure you have the right protection if you’re a landlord but new government plans to increase fees for the eviction court costs could make an oversight far more painful to your bank balance.

From the 22^nd April 2014 the government plans to increase the cost of application for possession and accelerated possession claims from £175 to £280 and the cost of possession claim online is due to rise from £100 to £250.

This will effect landlords finding themselves in the already unfortunate position of having to start eviction proceedings if a tenant is in arrears or refuses to vacate a property. Thankfully these situations are quite rare but when they do occur, they can be very costly in court fees but also in unpaid rent and in some cases, property damage.

At Belvoir Melton Mowbray we help our landlords with any possession proceedings or rent arrears notices as part of the service. We also offer protection for unpaid rent and court costs from as little as £11 per month. This also includes 75% of the rent for the 2 months after the property has been taken back.

Please contact Charlotte or Katie to discuss the Rent Guarantee and Legal Expenses Cover available for Belvoir landlords in more detail.

2 Bed Cottage in Aslockton

A client of mine wanted to buy a BTL in a village location.  Aslockton is a great village for tenants, as it is well serviced with a primary school, post office, pub and even a train station.  I came across this great little cottage which had recently come onto the market for sale.  

A steal at £124,950, it would let for £595 PCM, giving a yield of 5.7%.

http://www.rightmove.co.uk/property-for-sale/property-45096217.html

Blank Canvas in Sought After East Bridgford

This family home has just come onto the open market and it is just what tenants are looking for - neutral decor, low maintenance garden, sought after village with primary school.  It will sell quickly and will let quickly too!  

Here is the link so you can see for yourself:

http://www.rightmove.co.uk/property-for-sale/property-42882820.html

                        

2 Bed Flat - East Bridgford - REDUCED PRICE!

Situated in sought after East Bridgford, this 2 bedroom 'maisonette' with garage will attract a broad range of tenants - from single professionals or couples wishing to escape from the city to more mature tenants looking for a friendly community. 

The vendor has just reduced the price; it would be a great buy for any investment landlord, and should achieve a yield of around 6%.

http://www.rightmove.co.uk/property-for-sale/property-41444623.html