Rent your perfect student house along with 2 FREE VIP weekend 2017 Parklife tickets!

May 22nd, 2017

 

We understand the struggle of finding the right student accommodation; Is it close enough to university? Is it affordable for the student life? Is it party proof? Does it have enough bathrooms? Is it close enough to the Manchester night clubs?  Would my parents be happy with it?

These are the questions we ask ourselves when looking for the perfect property for students to ensure we are meeting your specific needs. With a student on board our team to provide us with the right insight into what you Manchester students are looking for, this differentiates ourselves to other agencies offering student properties. We know what you want, we therefore offer nothing less, but more. So..Still not found your perfect student property for 2017-2018 academic year?

Railton-Meeks are offering a beautiful three story Georgian house, located in the heart of Fallow field with a 2mile radius from The University of Manchester and Manchester Metropolitan University, a 10 minute bus ride into Deansgate locks, or Manchester’s Drum’n’Bass heaven Factory! The property offers 7 large bedrooms, all with ensuite bathrooms each, extremely spacious living room expanding onto a sleek modernised kitchen.

The property is undergoing a full refurbishment, in which fully insulated walls will be developed specifically designed to meet the student budget!

Just to make the start of your move to a new home even more exciting, we are offering 2 FREE  VIP Parklife weekender tickets for 2 people!

HOW?  Refer Railton-Meeks with a group of students seeking accommodation for academic year of 2017-2018.

 

 

 

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To Buy or rent – A Guide for Graduates

April 21st, 2017

To Buy or Rent – A Guide for Graduates

So far in the way of living arrangements, you have experienced the works. From the family home you grew up in, to living with a bunch of strangers in halls or off of campus, and now you are about to come face to face with a whole new chapter of living. Not as a student, but as a fully-fledged graduate.

You may have already started to consider your options and how to go about making your first steps, but it always pays off to receive some extra guidance when it comes to making the next big decision in your life. Everybody’s situations are different too. So in this guide, we hope to provide a thorough breakdown for those considering solely buying, renting and for those stuck in the middle.

Sensible saving

As you approach the end of your academia, it is important to consider your spending and budgeting. Most students are blessed with a weighty student loan. If you are one of the lucky ones, allocate a small part of your time to sitting sown and budgeting your remaining loan to enable yourself to put aside some of it for when you finish. This is important to do, buying or renting, as you will require a deposit for wherever you decide to move to and being strapped at the beginning of your move isn’t a position you want to be in.  However, if your student loan wasn’t substantial, you can still be thrifty with your spending. it wouldn’t be unfair to sit out on a few student nights out so you can save up what you would have spent that night and also, make sure you budget your food shop by shopping at cheaper supermarkets to save extra pennies. The whole point of saving now is to make your money go as far as possible and to spend what you really need to live off. By getting into the habit of careful budgeting and regular saving now you will give yourself the best chance of staying on track and building up sizable savings for when you come to make your decision.

As well, getting a job, either on or off campus will help you to gain some extra money together and help boost your credit rating which will give you a head-start when it comes to applying for a mortgage, as you will need payslip evidence of a regular income to qualify for mortgage financing if you believe buying is a more suitable option for you.

The House Hunt

Buying a house is a massive commitment but an amazing opportunity to get started on the property ladder sooner rather than later if you are in the position to do so. If you are seriously considering this option make sure to do your research. It is all too easy to fall in love with properties at first glance, but don’t rush into anything without seriously weighing up some other choices. Assess the market and the area you’re interested in. If you don’t have a car, are there shops and supermarkets nearby? Are you near to a train or bus station? These are aspects which need weighing up so the property matches your lifestyle. If you’re looking to rent instead, the same applies in the way of suitability to your wants and requirements. If you use the gym, is there one within walking distance? Is the neighbourhood what you want? Additionally, with renting you will need to make sure that the property is within your budget, so you can afford to pay additional bills which you may incur such as gas and electricity, water and TV licence.

Being a graduate, you won’t have the years of experience that your parents have in buying and selling property, so you need to research the local property prices to spot any market fluctuations and to get the best possible deal when making an offer on a property. Remember, if an advert seems too good to be true, make sure to do some homework. Identify where any hidden costs may catch you out down the line. If you decide to buy, you may need to deal with damp or structural repairs. If this is the case, you can make a low offer that takes into account the costs of putting things right. Alternatively, if a careful and objective appraisal of a property reveals significant issues, it might be best to walk away on that occasion, to continue searching elsewhere.

Bountiful Borrowing As a studious graduate, you are probably aware of how difficult it is to save money for property which continues to rise at an ever growing rate. But, where there is a will, there is a way. The government offer a variety of schemes to help you on the pathway to affording your very own home. It will pay off to work out the best loans, ISAs and deals available to you so that you know exactly the ins and outs of what you are being offered and how it will work in the long-run. One of the most popular and successful options is the government’s Help to Buy ISA. What this entails is that if you put money into this ISA once a month at a maximum of £200, the Government will boost your savings by 25%. So, for every £200 you save, you will also receive a government bonus of £50. The maximum government bonus you can receive is £3,000 if you have savings of £12,000 or more.

Additionally, you could look into the Help to Buy loan, which provides a loan of up to 20% of the purchase price of a new-build home. This loan is also interest-free for five years. Many parents are also on hand to chip in with their children’s first home, but only consider this option if you are sure that your parents can do this without putting themselves into any financial difficulty.

Do make sure to research all of the peripheral costs of buying a property, such as stamp duty and valuation fees, as well as understanding how the process of buying a property works.

If you decide to rent for a while, give yourself this time to build up a deposit to buy in the future. Both options need careful planning and organisation so find out what deposit you’ll need, what your monthly repayments will be, and what the other costs of owning a property are likely to be. Additionally, make sure you are clued up about renting your chosen property and the area you are looking at, so you don’t end up living somewhere you’re unhappy with.

So, to conclude, whether you end up buying or renting, make sure that your moving checklist is planned down to a ‘T’, so that your move from Uni to adulthood goes as smoothly possible.

By Holly Berry.

 

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Problem tenants and how to deal with them

February 15th, 2017

PROBLEM TENANTS –  ‘all guns blazing’ or ‘softly softly’? 

Many landlords and agents panic when a tenant misses one month’ rent.  Getting to know your tenants payment habits helps very much when deciding what action is needed to be taken.  Do you go in ‘all guns blazing!’ or with a more ‘softly softly’ approach?

To begin with it is always beneficial to have a good working relationship with your tenants, be good to them, respond to their emails in a timely fashion, communication is key!  Respond to maintenance issues quickly and update the tenant where possible on the progress and the outcome.  Managing tenants expectations works wonders, for example inform the tenant that maintenance is dealt with as quickly as possible, and once they report a maintenance issue then they should expect the ‘trades-person’ to be entering in the next day or two.  Drop them a text if you can to let them know when they are due- this would be a perfect scenario. Tenants get to trust you and know that you are looking out for them.  On this basis, when things gets tight, and their rent is late, they will communicate with you.

When tenants don’t respond to a gently text reminder that the rent is late, or ignore your emails – this can be a warning sign.  At this point we go our of our way to make contact.  We gently ask them to respond, and to let us know ASAP if there is an issue, so we can help them find a solution.  In 99% of case there is always a solution.

Here is a step by step approach for you:

FIND OUT WHAT IS GOING WRONG

Make contact ASAP, give them a couple of days grace following the missed payment. Always take things softly at this stage, don’t be aggressive.  There can be many reasons why a payment is late, they may have swapped jobs and their employer pays later, and they just need to get back into the swing of things.  Maybe the standing order failed – and it will go out on the second attempt.  We all occasionally misjudge funds in and funds out.  In desperate situations, such as loosing a job, the tenant may need prompting to start a housing benefit claim.  If  the claim is started, it can even cover them for a few weeks.  Better to be proactive!

Speak with your tenant, find out as much information as possible to do with their current situation, so you can determine whether this is a blip, or a larger issue. Maybe they would prefer to vacate, don’t suggest this yourself! However the tenants questions may lead to this.  For example ‘how much notice do you require?’ . You the landlord will know if they still have months to go in their fixed term.  Sometimes its easier to re let, than to force a tenant to stay committed when it is going to get them in a worse position.

DOCUMENT EVERYTHING.

Keep a record of letters, texts and emails – you may need to show at some point, what steps you took to get the tenant to pay;  these  come in handy if you have to  evict the tenant at a later date.

With students, who are jointly and severally liable, if their payment is more than two weeks later, it is always a good idea to let the rest of the group know, in a joint letter to all parties.  If the tenant has a guarantor in place, let the tenant know my email and letter, that your next steps are to inform their guarantor, unless they make contact and arrange a payment schedule.  This usually pushes tenants to make contact!

PAYMENT SCHEDULE/OFFERING A SOLUTION.

Hopefully this is just a blip with your tenant, and with a little help and patience from you, they will get themselves back on track with a payment schedule.   Work out what they can afford to pay and when, and get them back on track ASAP.  If they are making a housing benefit claim, ask for evidence every step of the way.  Ask them to give the HB department permission for you to track the claim.  This is very important, as you can ensure its not be left in limbo!

It an be helpful to the tenant to agree to spread a debt over a few months, and tag it on to each months rent moving forward.  Ensure that this won’t delay the inevitable, by asking them to show you how they will be managing their income and expenditure moving forward.  They may not be too keen on this idea, no one likes income and expenditure sheets!

BEGIN THE NECESSARY STEPS TO GAIN POSSESSION – LEGAL ACTION.

Explain to the tenant, that you are issuing a section 21 notice to quit, and that if they get up to date with their payments or adhere to a payment schedule then you will not pursue the notice. However this notice sits in the background in case they fail to keep to their agreement.  It saves time later, when you are left no other option to get them out.

KEEP GOOD RECORDS OF ALL THE TENANTS PAYMENTS. 

Make a note of all the payments received by the tenant, and forward a receipt to them.  Up date your tenant regularly, so they can see what they owe.  It is better to keep an accurate record from the off, rather than trying to work it out later.  This can lead to a dispute also, and is unnecessary.

TAKE THE RIGHT LEGAL ADVICE.

Ensure the paperwork you issue is correct.  Use the proper forms.  Do  not try and wing it, this is fatal!  Any mistake in the paperwork or its content can  result in you not being granted possession of the property.  There have been many legal changes in the last year, so it is worth checking and getting the correct advice.

REMEMBER.

Landlords should not go to the property unannounced, too many visits can be construed as harassment. It could be argued that you are preventing the tenant from having ‘Quiet enjoyment of the property’, so always ensure if you are visiting to give 72 hours notice.  Stay professional, don’t give the tenant ammunition to pursue a claim for damages. 

 

 

 

 

 

 

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7 Ways to being a tidy student!

November 22nd, 2016

7 Ways to Being a Tidy Student

Heralded as ‘The best years I ever had’, starting university is both daunting and exciting at the same time. An opportunity that enables you to fly the nest into a new environment filled with other nervous fledglings, just like yourself to embrace the life of student living.  As you embark on starting the next stage of your life, naturally, you will have become accustomed to your belongings and the items you have accumulated over the years. But, you may need to think twice about how you are going to now store said items. So, in this ‘space’ I have included the top seven space saving tips to help you make the most of your experience at university without being dubbed  ‘a stereotypical student’.

Laundry Basket

Invest in a laundry basket so that your dirty clothes are stored away rather than strewn across your bedroom floor. Make sure that the basket is tall rather than wide to minimize valuable floor space. A tall woven white wash design will be easy on the eye and will brighten up your room.
Stationery Holder

T0 optimize your space, a standard pencil case may not cut it, but a stationery holder will organize your academic belongings into one neat and tidy display on your desk, which will be easily accessible when carrying out your studies.
Wall Space

In most cases, using blu-tack or pins on the walls of student rooms will be sure to get you in trouble with the accommodation office. The alternative in this case is to buy some 3M Command before setting off for University. This way, you will be able to put pictures on the walls, without taking up space on the window sill or your desk. Home inspired items such as fairly lights, bunting and sports memorabilia will have a place on your walls rather than taking up valuable surface space.

Door Space

Effective storage means making the most out of every inch of available space, even the back of your door. A door rack can house shoes, books, hair appliances and any other items that you would otherwise stash away in a drawer or on the floor of your wardrobe or underneath your desk or bed.

Hanger Connectors

Hanger connectors are a great way to create space in your wardrobe whilst still keeping a uniform and tidy look. Only use them if your wardrobe is tall enough to avoid your clothes dragging on the bottom of the wardrobe floor. If you do have a short wardrobe, use hanger connectors with clips, to clip up your longer items.

Bed Organisers

Bed organisers are a brilliant alternative to bedside tables, which would most likely take up too much space in your bedroom anyway. This little organiser can hold glasses, headphones, and other items like books, iPods and toiletries, right by the bed so they’re easy to reach.

John Lewis has clip-on options that will do the trick perfectly.

Storage Boxes

Piling your stuff in different areas of your bedroom, wherever you can find some space, will just look messy and will slowly drag your mood down, making academic work more of a struggle to carry out. Stacking the pile neatly into sensible storage boxes is the solution to this problem. Don’t be tempted to skimp on storage boxes – choose your sizes wisely and then take an hour or two to sort through all your possessions. By getting a system going your belongings will be stowed away in no time, leaving your room de-cluttered and organised.

Remember, your living space at university is precious, and you need to make sure that there is enough space for all of your academic work as well as making it a space to feel like a home from home environment. Make sure to take advantage of every inch of it. Be creative, yet innovative and make sure that your space is free from clutter in a personalized style.
 

 

 

 

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Letting agents worth the fee?

November 10th, 2016

Buy-to-let investors have traditionally had two choices when it comes to finding tenants and managing properties – pay a letting agent a sizeable fee or do it themselves.

Lettings agents will typically offer a “let-only” service, where they will find, interview and vet tenants, do the paperwork and take the deposit and first month’s rent for a fee of around £600 plus VAT. Then there is a “full management”service, which can cost 10 per cent of the rent or more. Here, the agent will continue to collect rent and deal with the day-to-day running of the property.

An agent’s services can be essential for landlords who have properties far away or a large portfolio to manage. But for those seeking a more hands on approach, Railton-Meeks can offer a more bespoke option to the landlord, see our list of services in our management section.

Happy to discuss your personal requirements.

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Are you protecting your deposits within 30 days, if not you are breaking the law!

September 21st, 2016

As a landlord who manages your own properties, are you insuring  your tenant’s deposit’s within 30 days?  If not, you are breaking the law, and you may have to pay a fine of up to three times the amount of the deposit and or the inability to serve a section 21 notice – which actually makes it a lot harder to get your tenants out!

You have a choice you can either insure the deposit with one of the schemes  and keep the funds in your bank account or send the deposit amount to a custodial scheme.

Pass the tenant proof of the protection (called the Prescribed Information) within the same 30 days of receiving the deposit.

The scheme provide you with the majority of this information for you to pass on.

Pass the tenant proof of the protection (called the Prescribed Information) within the same 30 days of receiving the deposit.

Don’t be caught out!   If you have many properties, consider using an agent who is up to date with law and requirements.

Try one of these: –

https://www.mydeposits.co.uk/

https://www.thedisputeservice.co.uk/

http://www.depositprotection.com/

 

 

 

 

 

 

 

 

 

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HMO Licence – Does your property need one?

May 10th, 2016

HMO Licence and Licensing

An HMO licence is granted to a landlord if an HMO property meets certain standards that ensure it is safe and suitable for the tenants. In addition most HMO landlords only need to obtain a licence if the property falls into the following criteria:

  • it is a three-storey house (including cellars, attics, basements, mezzanine floors and loft conversions). The definition of storeys includes habitable basements and loft conversions.
  • it is occupied by five (5) or more people from two different households or more
  • tenants share the kitchen, bathroom or laundry area
  • in some cases, a maisonette in a house or above commercial premises may need a licence if similarly, occupied

If your property is smaller and rented to fewer people, you may still need a licence for your HMO. This will depend on the area your property is located so is it always best to check with your local council for more information. 

Your HMO licence is valid for 5 years and therefore must be renewed before it comes to an end.

How to apply for an HMO License
The landlord must submit one (1) licence application for every property that will be rented out. A fee will be charged by the council for the processing of licence applications. Processing time can take anywhere between 6-8 weeks. The council will consult with individuals who may be interested in the property and deliberate whether licence conditions should be imposed for the HMO in question.

All licensed HMOs will be inspected to identify any need for repairs, or to assess fire safety, amenity or other safety concerns. Landlords must comply and bring their property up to standard within timeframe that is determined by the council.

The gov.uk website has an HMO guide that covers everything you need to know as property manager or HMO landlord.

New to HMO’s? Looking for a reputable property management agent to manage and maintain your HMO properties? Call HMO specialists Railton-Meeks today to discuss our specialist HMO management services. 

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Considering an HMO property as your next investment purchase?

May 9th, 2016

Are you considering an HMO property as your next investment purchase?

The Housing Act 2004 introduced a new definition of a House in Multiple Occupation (HMO) from 6th April 2006 in England and 30th June 2006 in Wales.

When you let a property which falls into one of the following types, it is an HMO:

  • An entire house or flat which is let to 3 or more tenants who form 2 or more households and who share a kitchen, bathroom or toilet.
  • A house which has been converted entirely into bedsits or other non-self-contained accommodation and which is let to 3 or more tenants who form two or more households and who share kitchen, bathroom or toilet facilities.
  • A converted house which contains one or more flats which are not wholly self-contained (i.e. the flat does not contain within it a kitchen, bathroom and toilet) and which is occupied by 3 or more tenants who form two or more households.
  • A building which is converted entirely into self-contained flats if the conversion did not meet the standards of the 1991 Building Regulations and more than one-third of the flats are let on short-term tenancies.
  • In order to be an HMO the property must be used as the tenants’ only or main residence and it should be used solely or mainly to house tenants. Properties let to students and migrant workers will be treated as their only or main residence and the same will apply to properties which are used as domestic refuges.

Whilst there has previously been no specific definition of an HMO in Planning legislation, changes introduced by Government to the Use Classes Order in England only mean that there is now a legal definition for planning terms which means that an HMO has the same meaning as in Section 254 of the Housing Act 2004.

Two specific sets of Regulations have been introduced in England taking effect from 6th April 2010. They are The Town and Country Planning (Use Classes) (Amendment) (England) Order 2010 and The Town and Country Planning (General Permitted Development) (Amendment) (England) Order 2010

Any new property to be occupied as an HMO in England will need planning consent under class C4 (HMOs), but planning consent will not be needed for any HMO reverting back to class C3 (dwelling houses). The Regulations do not apply retrospectively to any existing HMOs.

Tired of the maintenance headaches and regulations that come with managing HMO’s? Let HMO specialists Railton-Meeks manage and maintain your HMO for you, call Sylwia our Property Manager to discuss your requirements. 

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Can I put my rent up?

November 11th, 2015

Landlords can’t just go round increasing their rents whenever they want to. They do, however, have a right to adjust the rent at certain intervals. The way in which they can go about increasing the rent will depend on whether the tenancy is fixed or periodic.

Continue reading “Can I put my rent up?”

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