New HMO Regulations from 1st October 2018

 From 1 October 2018, significant changes are being made to which HMOs are licensable and minimum room sizes in HMOs in England. Changes to mandatory licensing Currently, a property requires a mandatory licence if all of the following apply: the property is a House in Multiple Occupation (HMO) (occupied by individuals who are not […]

Continue Reading

Interest Rates Up! What now for Derby Property?

The current average value of a property in Derby currently stands at £199,300 so what will the recent increase in the base rates to 0.75% from 0.5% do to the local property market? In many of my articles, I talk about what is happening to property values over the short term (i.e. the last 12 […]

Continue Reading

It’s all Over for the Private Rental Sector…

I want to share with you a telephone conversation that I recently had with a landlord who has a portfolio of five properties; three in Derby City centre and two in the surrounding suburbs. He wasn’t a landlord for whom we provide a management service, however, he had used us in the past to find […]

Continue Reading

Derby and Burton Need an Additional 10000 Rental Properties by 2027…

I have been doing some research, looking both at National and Regional reports on the demand and supply of property and people together with future projections on the economy, population and family demographics with some interesting results.  According to the Office of National Statistics, in the last financial year nationally, private renting grew by 74,000 […]

Continue Reading

Son or Daughter versus Bricks and Mortar…

A strange title I know… however, this article highlights the massive problem for future generations in their ability to get onto the housing ladder. More than 13 babies have been born for every new home that has been built in Derby since 2012, thus deepening the Derby housing shortage. This discovery is an important foundation […]

Continue Reading

Property Manager Vacancy

Professional Properties is looking to recruit a permanent Full Time Property Manager to join their successful, friendly and hardworking team based in Derby. The successful applicant will join our Propertymark training programme to assist with career progression. The successful candidate will be part of a team managing a large portfolio of residential on behalf of the landlord. Experience […]

Continue Reading

What does GDPR mean for Self Manage Landlords?

General Data Protection Regulation (GDPR) is now here! GDPR has been introduced essentially to deal with the notoriously poorer uses of individuals personal data by companies such as Facebook, Amazon, Google etc. It certainly isn’t aimed at private landlords! However, this doesn’t mean that landlords get off lightly.. the legislation means that landlords must process […]

Continue Reading

“Lets with Pets”… It’s Time to Paws for Thought…

Tenants with pets are often dismissed out of hand by landlords who are worried about potential damage to their property. This is very understandable. However, opening up your property to tenants with pets will maximise its rental potential and by excluding pet owners, you are missing out on a huge part of the rental market. […]

Continue Reading

Derby Landlords Planning to Grow Buy-to-Let Portfolio’s

According to The Association of Residential Letting Agents there are a record number of landlords quitting the lettings market. “The barrage of legislative changes landlords have faced over the past few years, combined with political uncertainty has meant the BTL market is becoming increasingly unattractive to investors” claims David Cox, ARLA Propertymark chief executive. However, […]

Continue Reading

Extra Funding Is Required for Affordable Homes in Derby

In my blog about the Derby Property Market I mostly only talk about two of the three main sectors of the local property market, the ‘private rented sector’ and the ‘owner occupier sector’. However, as I often stress when talking to my clients, one cannot forget the third sector, that being the ‘social housing sector’ […]

Continue Reading