Hello
and welcome to this week’s video blog.
I
hope you have been enjoying my recent videos, where I have been speaking about the Northampton property market and whats going to happen in 2016, buy to let yields in Northampton and much more, and
this week I’m going to be talking to you about tenant rents.
The
demand for rented property in Northampton is huge at the moment and rents are
on the rise.
Tenants
are now spending just under a third of their salaries in rental payments, with
the average rent on a property in Northampton now at £760.00 per calendar
month.
That
is 6.6% higher than it was 12 months ago!
Which
all sounds very positive if you are a Northampton Landlord!
Unfortunately
though, as tenants feel the financial pressures of these rent rises, rent
arrears are becoming the fastest growing debt problem, and last month just
under 10% of all rent due was in arrears!
So
it’s not so positive for the landlords of these properties.
Here
at Northwood we offer a unique guaranteed rent package, where you could get
paid a guaranteed income even if the tenant isn’t paying their rent
So
if you don’t want to get caught out by your tenant not paying the rent or the
other risks associated with being landlord, then pick up the phone and give us
a call. I’m Katherine Bond the local
director of Northwood Northampton and you can call me on 01604 607080.
And
remember to subscribe to my you tube channel if you want to see more of my videos!
I look forward to hearing from you.
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