Financial setbacks can occur, whether as a result of salary reduction, redundancy, illness, a void in your buy to let portfolio or something which no one could predict. It can feel overwhelming to try to deal on your own with competing demands on your finances.
Sometimes it can be difficult to see the wood for the trees. It can help to have someone totally independent who can bring a fresh pair of eyes to the issues you face and help you to prioritise payments and creditors. We can help you to assess the situation and find the best way forward to achieve recovery.
If you need to contact financial institutions about your liabilities, and if you are unable to pay them in full, then you need to do so before their collection agents or departments are involved. We have experience of lenders’ requirements and can advise you on the best way to deal with them to help you try to restructure your loans, avoiding forced sales and default interest rates, management charges and other tools that lenders can use in their recovery procedures. Using our experience we can help you put a package together which gives the best chance of success, not one which is so unrealistic that it actually makes things worse.
Very occasionally our advice might be to hand the keys back, or just make yourself bankrupt, but in the vast majority of cases we can help you restructure your debts into a manageable package.
Demand for houses to rent is growing. Figures from the Royal Institute of Chartered Surveyors (RICS) show a rise in the number of new lettings. Demand is greatest for family homes.
The rental market tends to flourish in a downturn and rents are increasing, The RICS says that the outlook for rent growth is good and landlords can take solace from uncertainty in the economy and enjoy the gains from rising rents.
Good property management will maximise income. We can provide a tenancy agreement tailor-made to your needs, that covers the essential issues and avoids the pitfalls that can be a drain on profits.
We are experts at enforcing tenancy agreements and recovering possession when rent is not paid or things go wrong. Housing law can be a minefield for landlords and we can advise on the quickest and most cost effective methods of enforcement. We have fixed fee services to obtain possession and recover rent.
We cover the whole of Cumbria and have the experience and local knowledge that landlords need to ensure that they earn the best return from their investments.