The buy to let sector continues to do well for landlords - but student accommodation is setting the benchmark for letting performance.
Despite monthly rents increasing by 2% during 2013, the average buy-to-let yield for a UK landlord sits at 6.1% gross, down 0.1% on 2012. But student accommodation thrashes this figure with sustainable and assured yields of 7 to 9% - net.
Peter McDermott, Director of UK-based Go Global Investments, said: "These latest figures from Countrywide Residential Lettings show that despite 'Generation Rent', where the number of people renting from a landlord has doubled to 8.5 million in 15 years, gross rental yields are sticking around the 6% mark.
As a member of the Association of Residential Lettings Agents (ARLA) and The Property Ombudsman for Residential Letting Agents we aim to provide the highest standard of service to all our landlords and tenants in line with the ARLA Code of Practice.
As a member of the Association of Residential Lettings Agents (ARLA) and The Property Ombudsman for Residential Letting Agents we aim to provide the highest standard of service to all our landlords and tenants in line The Property Ombudsman code of Practice.
All branch staff will deal with normal day to day problems on a one to one basis and will endeavour to resolve any issues as promptly as possible.
However, if you wish to make a formal complaint the following procedure will be undertaken:
For Deposit Disputes, tenants and landlords have access to the following adjudication service:
The Dispute Service Ltd
P O Box 1255
Herts HP1 9GN
For all other disputes:
The Association of Residential Letting Agents
Maple House, 53-55 Woodside Road,
ARLA will arrange for complaints to be assessed by an external Independent Case Examiner in line with the criteria and procedures set out in ARLA's published complaints procedure.