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Monthly Archives: July 2016

Increase In People Over 50 Renting

Landlords may find it interesting to read that there has been a significant rise in the number of people over the age of 50 that are renting a property to live in rather than owning one. This information has been provided by Saga Home Insurance. Apparently, a third of people that are at least 50 years of age are currently renting a property. Back in 2011 there were 26% of people that were a minimum of 50 years of age that were renting a property. We are sure that you will agree this is quite a large increase in a period of 5 years and could present landlords with a tremendous marketing opportunity. It begs the question as to what could have caused this increase in the number of people 50 years plus who are renting. Well, there are more people over the age of 50 who are getting divorced than there were a few years ago. Therefore, some of those people may have to resort to renting a property if they are unable to afford to buy a home. Apparently, 20% of people that are renting a property to live in and are over the age of 50 are…

Rental Yields On Seaside Properties

If you are a landlord considering buying a property to rent out in a seaside town then you may be interested in some research carried out by LendInvest into the average rental yields obtained on such properties. The company has used data from Zoopla, Land Registry and Savills to obtain the information. Of course, many people would love to live by the seaside. In particular, people who are retiring who want a complete change in their lifestyle. Having decided to retire, some will sell their existing family homes and buy such properties on the coast. However, there are also no doubt a number of people who have never owned a home but have rented instead who would also like to move to a coastal town. A number of people that own their own homes will look to purchase a second home by the sea that they intend to occupy once they retire many years into the future. In the meantime, they may decide to rent out the property to provide an additional income. So, which towns in the UK provide a landlord with some of the best average rental yields on investment properties: – Withernsea, a seaside resort not many…

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