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Letting after Lockdown: The New Normal

With the property market getting back to business landlords could be forgiven for thinking things will soon be back to “normal”.

But just because restrictions are being lifted, doesn’t mean things will be back to normal anytime soon. Every industry, including the rental property industry, is having to adapt to a new set of challenges.

If you’re a landlord, here’s what you need to know about doing business in the “new normal”. And here’s how we can save you time, money, and a lot of hassle.

New rules

When the government gave the property market the green light this month to reopen, it was under strict conditions. These cover social distancing and hygiene concerning viewings, moving, and dealing with tradespeople (read the full guidelines here).

We’ve saved landlords time and thousands by keeping them the right side of the rules and up to date with ever-changing rental property compliance. Contact us for help.

Evictions

The eviction process has always had the potential to be messy and expensive, but in recent months it has become even more complicated. Landlords must adhere to existing eviction laws (which are extensive) and follow additional rules brought in during the pandemic which includes a temporary ban on evictions and extra protection for tenants.

If you’ve exhausted all other options to no avail, and are considering eviction, you need to understand the process. Regaining possession of a property through the courts can take up to 6 months (and cost you an arm and a leg).

Again, if this is something you are considering, reach out for our expert advice. As experienced letting agents, we have handled many complicated cases and will be able to take the load off you and help reduce the risk of you being out of pocket.

Market insight

We are in uncharted territory right now, which means that for landlords, it can be challenging to get the lie of the land. Are rent prices holding up? How do you deal with a tenant who has lost their job? What is the situation with banks, mortgages, and mortgage holidays? Now more than ever it pays to do your research and get a clear picture of what’s “normal” in the “new normal”.

This is where Househandlers can help. We can advise you on a range of issues impacting the market and warn you of any changes on the horizon. We also have a range of contacts to draw on to save you money on your buy-to-let mortgages.

When it comes to being a serious landlord, the DIY approach can be risky. So, tread carefully and wherever possible, give us a call for our advice.

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