4 Things You Should Consider Before Beginning a Home Renovation Project

This guest article is brought to you by Steve Gilbert who has more than 20 years’ experience in the building industry. He runs a family business that prides itself on making a change to homes that truly make a difference. Proud members of the BNI, Steve has extensive experience in a range of properties, from modern new builds to heritage homes. Below, he shares some words of wisdom written to help prepare you for your home renovation project.

If this is your first renovation project you may feel unsure of how or where to start, especially when renovating a house can be full of surprises. However, if done carefully and with the right guidance, you can transform your home from being that roof over your head, to something special that enhances your lifestyle. Take the wise words of an expert who’s been in the industry for over 20 years, and you’ll be at least one step closer to knowing how to start.

Have a Strict Schedule calendar

Getting organised can save you the headache in the long run when you feel as though you’re living on a building site. Renovation projects are notoriously chaotic, so avoid the tradesmen having to clamber for space around the family. A schedule will help you to see what needs to be done and in what order. If you have the help of an architect, they will be able to advise you of the timescales needed for each phase of the project.

Many jobs may be able to be carried out at the same time to save on costs, but ensure you consider your options before booking them in, and always advise the tradesman if this will be the case so that they know the space will be limited.

Know your Planning Permission 

It’s a common feeling to fear planning permission as depending on your local council it can take weeks or months to secure. But many people don’t realise that planning permission is not always needed. Internal improvements that don’t affect the external look and small extensions will be classed as ‘Permitted Development’, which you can find out about on the governments planning section on their website. Larger extensions that dramatically change the appearance of your home will still need planning permission so to avoid any delays on your project, place your paper work in with the council as soon as possible.planning_permission_blueprint

Set a Budget

It’s tempting to go down the DIY route to cut down on costs, but don’t go there if you don’t have to. Bodged jobs can unfortunately cause more harm than good if you end up going through a pipe or an electrical wire. Instead do your homework as to how much the project is going to cost you before you commit. Gaining quotes from tradespeople and even asking any of your friends or relatives who have had a similar project can help you to set aside the money you will need to finance the project. Most suppliers will add 20% VAT to all quotes so keep that in mind as it can significantly differ the price.

A top tip to any homeowner considering a renovation project would be to consider insuring the project against any accidents. Renovation insurance should include cover for public liability, cover for building materials and works, the existing structure, accident cover and legal expenses.

Find a Trustworthy Tradesman

Unfortunately, we are all well aware of the pain and devastation that a cowboy builder can cause to home and more importantly people’s lives. The all important factor here is to do your research and then check again. Many trading standards services operate a Builders Register with lists of trusted tradespeople who have been recommended and undergone strict vetting procedure. However there are now many other providers who list trusted tradesman such as Which?, RatedPeople and TrustaTrader.com. expert

While commercial sites such as these are useful for checking reviews of other customers, they do not give the same assurances as the government backed sites. Once you’ve contacted a tradesperson that you feel comfortable with, request a viewing of their previous work so that you can see for yourself the quality of service.

If you are on the lookout for the perfect property to renovate and bring back to life, waste no time and contact your local Whitegates branch today, who will be more than happy to help with your search.

Disclaimer: Guest blog posts on the Whitegates blog are written by external companies. Whitegates do not endorse the products or services of these companies. 

Tax Insider: Passing on your home IHT free

WhiteGates Logo

Tax Insider provides popular articles about handy tax legislation. The articles give you the information you need to avoid tax safely, legally and to your benefit as a landlord. This article gives you an insight into the nuts and bolts of Inheritance Tax.

As widely anticipated, in his summer 2015 Budget, the Chancellor announced measures that will eventually allow couples to pass on their family home to their children or grandchildren free of inheritance tax, as long as the home is not worth more than £1 million. However, the relief, taking the form of a main residence nil rate band in addition to the general nil rate band, is being phased in progressively and the £1 million limit will not be reached until 2020/21.

Additional nil rate band

For deaths that occur on or after 17 April 2017 and additional nil rate band, the main residence nil rate band will be available when a residence is passed on to a direct descendant. The main residence nil rate band is set at:

  • £100,000 for 2017/18;
  • £125,000 for 2018/19;
  • £150,000 for 2019/20; and
  • £175,000 for 2020/21.

The main residence nil rate band will be increased in line with the increase in the Consumer Prices Index from 2021/22 onwards.

Each individual is entitled to their own main residence nil rate band, which is available in addition to the existing nil rate band, set at £325,000. As is the case with the existing nil rate band, if a person dies without using their full main residence nil rate band, the unused proportion we will be available on the death of their spouse or civil partner.

The introduction of the main residence nil rate band will eventually allow a couple to pass on a family home worth up to £1 million free ofinheritance tax.

Direct descendants only

The additional relief for passing on a residence will only apply where the property is passed on to direct descendants, such as children or grandchildren. The measure does not benefit childless couples as the additional nil rate band is not available where the property is left to someone other than a direct descendant. This would be the case where, for example, a maiden aunt left her home to a niece.


Although the new nil rate band is only available for deaths that occur on or after 6 April 2017, the nil rate band will also be available where a person downsizes or on or after 8 July 2015, or ceases to own a home on or after that date and assets of an equivalent value, up to the additional nil rate band, are passed on to direct descendants after death.

High value estates

Those with high value estates (in excess of £2 million) will not be able to benefit from the full amount of the additional nil rate band. The additional nil rate band is reduced by £1 for every £2 by which the estate exceeds £2 million. For 2022/21, the additional nil rate band is lost completely where the estate exceeds £2.2 million.

Need to know: The additional nil rate band is only available where deaths occur on or after 6 April 2017 and where the property is left to a direct descendent. The relief is reduced where the value of the estate exceeds £2 million.


Thatcher’s buy-to-let nightmare is a dream for landlords

The plan was for three quarters of Brits to own their home privately – alas, in spite of changing Britain significantly during her tenure as Prime Minister, this is one dream that didn’t come true for Margaret Thatcher.

In fact, it is private landlords who have a strengthened position in the British property market. 61% of properties were occupied by homeowners in 1985 (13.7m properties). Thirty years on, that percentage is exactly the same (now equating to 17.8m properties). Meanwhile, privately rented property accounted for just 1.9m properties in 1985, and accounts for 4.9m today – an increase of over 250% in thirty years.

How has the rental sector changed, then? And why?

Unfortunately, the implementation of Right-to-Buy contradicted Thatcher’s actual goals. When it was introduced in 1980, the rate of social renting fell from a record-high 31% to just 20% in ten years. 200,000 homes were sold to their tenants in 1982. By 1987 that number was 1,000,000 council houses in private ownership.

The issue was that the money gathered from these sales was used to reduce debt and not spent on building new houses, hence the continued struggle to keep up with supply and demand since Thatcher’s reign.

Then came the 90s. Deregulation made it much easier to rent, but the true value of renting didn’t surface until the turn ofthe millennium. The fact is, the allure of homeownership never wavered, but allure didn’t equate with feasibility. The wealth of the 90s made house prices increase dramatically, and people’s pockets couldn’t handle the pressure. The number of houses sold through Right-to-Buy declined.

Renting became the norm. While house prices boomed, the private rental sector had to match that growth to catch those who couldn’t afford to buy. At the time of implementation of Right-to-Buy, privately rented properties accounted for 11% of rented property.

Today, we see the results. 22% of British adults privately rent. The likelihood is for this to increase – the UK is falling way behind in terms of house-building, at just 140,000 builds a year, so prices will only go up. Price goes up, affordability goes down, fewer people own houses, more people have to rent.

The numbers speak volumes. Thatcher’s dream was an aspirational but unfeasible one and this has been realised in the years since its implementation. We now have a property market that is propped up by a strengthening private rental sector – meaning landlords, despite media coverage, are in a healthy position.

Contact your local Whitegates office for any advice you need about the local lettings market, especially if you are looking to expand your portfolio in the near future.

Accidental HMOs

Hazel de Kloe is a property expert who regularly blogs. Her articles are relevant and enjoyable and we hope they are of use to you. This time, she brings you some handy tips about running accidental HMOs.

An interesting occurrence happened to me earlier this month which I thought would make a great topic to write about in this month’s article.  Most landlords operate standard Buy-to-Let properties in their portfolios, but some also have HMO property.  In case you’re not sure what an HMO property is, let me explain.  An HMO is a property which is run as a House of Multiple Occupation.  The proper definition is as follows:

Your property is a House in Multiple Occupation (HMO) if both of the following apply:

  1. At least 3 tenants live there, forming more than 1 household
  2. You provide shared toilet, bathroom or kitchen facilities with other tenants

(There are actually several types of HMO, however, I won’t go into that here. The information is easy enough to obtain online or from your local authority.)

So let me explain what happened.  I had a phone call from a letting agent regarding a particular property of mine.  It is a 2 bedroom flat which is currently let out to 2 sharers.  They are friends and are therefore not related, therefore forming 2 households.  The question from the agent was whether an additional person could move in to the flat.  They were the partner of one of the existing tenants and this seemed like a reasonable request.  They were prepared to pay more rent due to the slight increase in wear and tear at the property.

Having HMO properties in our portfolio, as soon as I was asked, a red flag came into my mind.  I immediately knew this configuration would form an HMO.  I therefore rang up the local council and asked whether there were any implications under the Article 4 Direction (to do with planning permission needed) or additional licensing schemes (other than mandatory licensable HMO’s) within the borough, to which the answer was a resounding ‘No’.

The next step was to ask the mortgage company what their opinion wasof us having 3 sharers forming a more informal HMO and their resounding answer was…’No’ as well!  Except that this meant we were prevented from being able to accept the tenants’ request.  Not only this, but the insurance policy would’ve needed to be changed to an HMO policy too…phew!
This made me think a little.  I wondered how many people were out there who had agreed to a slightly different configuration of tenants and were therefore now unwittingly operating an HMO.

If you think you are, you need to be aware of the implications and see how you can redress the situation.  The most important thing you need to be able to do as a landlord is ensure the safety of your tenants, yourself and your property.  Thus, it is advisable to look at which course/s of action you may need to take under these circumstances without compromising yourself, your tenants or your property.

At the end of the day, it is your responsibility to know who is occupying your property.  I have known instances where people just happen to ‘move in’ and the lead tenant doesn’t tell anyone.  If this occurs and the property ends up being an HMO, then you must take the relevant action.

When I mentioned these salient points to the letting agent, even she hadn’t realised the implications!  It is therefore wise to know who is allowed to be living and who is actually living in your property and keep ahead of the game in case this happens to you.

To your continued property success!

Hazel de Kloe
Property Investor | Property Mentor | Speaker | Author

The contents of this article are for educational purposes only and we make no recommendation of any particular investment. The price of property can decrease as well as increase and you make any investments in property at your own risk.

© Why Property Works 2015 | www.whypropertyworks.co.uk

The case against periodic tenancies

Periodic tenancies are those that have expired, but without the landlord or tenant forcing the other party’s hand. As such, periodics continue on rolling monthly contracts, and are therefore perpetually in their last month.

In some rare cases, for example when a tenant has been in situ for a very long time and knows the landlord well, this can work.

However, most periodic tenancies are actually ones that neither party benefits from. Neither party has security, neither can trust the other, nor does it do anything for the tenant/landlord relationship, which stagnates with each passing month.

Let’s look at what it’s like to be a landlord in this situation. It’s November 2015 and you are missing out on your right to deduct mortgage interest from your rental income. What doesn’t help is the fact that your mortgage interest is about to rise (if you haven’t remortgaged, now is the time!). You’ve told your agent, twice now, to “just leave it running month by month” so the rent is the same as it was two years ago. Just how much could this relaxed approach be costing you, now andin the months to come?

Furthermore, your tenants are worried. They have not been contacted by you to renew their tenancy and are therefore concerned you will evict them. They makes the first move – they will move in with their parents over Christmas and New Year, and start looking for a new place in January.

They move out. You’ve lost your rent, you’re looking at a void period for at least a month, and your mortgage still needs to be paid (not to mention Christmas shopping).

It’s a worst case scenario but it’s entirely plausible. The best way forward is to pre-empt these issues and sign your tenant up to a fixed rate renewal, at least until the end of March 2016. Both parties benefit from security, both can budget accordingly, and Christmas isn’t cancelled.

Periodic tenancies require less work, but don’t secure your immediate future. Business naturally slows near the end of the year, but that doesn’t mean you should run the risk of it stopping altogether.

If you have any periodic tenancies, please contact your agent today to discuss renewing the tenancy into the New Year.

Handy tips for targeting your next investment

As a landlord who is dealing with an ever-changing market we hope this article provides you with some new ways of thinking about your investments, whether you own a portfolio or a single property.

You are already a landlord and know the basics of what you’re doing, so it may be time to expand your portfolio. These tips will help you find your way through the first steps.

Ask yourself, what is your end goal?

Every individual takes a different path to their end goal, and property investments are no different. By reflecting on why and how you entered the market you will be able to tailor your position in terms of end result. For example, do you want us to manage your property for you, or simply to find you a tenant?

If you’re looking for a long term investment you will focus more on capital gains than rental value, while an accidental landlord may prefer rental income to supplement their own lifestyle until they decide to change their tune.

rental index

Identify where you will invest

The next big question is where to invest. Portfolio landlords will likely be more comfortable looking outside their immediate area for properties when first-timers will prefer a property near where they live.

Are you comfortable looking outside your immediate area? Can we get you in contact with another office to help you out with the hunch you’ve had about the next town across?

Do your research, too. What are the transport links like? Are the schools high-performing? Is there a lack of a nightlife? Or a great one?

By drilling down on the specifics, we will be best placed to get you something to suit your needs.

Identify a target market

This is one of the most difficult decisions for a new landlord – a property doesn’t sell to just anyone. Its area, its amenities, its typical rental value and its condition will have a major impact on who it will attract. Finding the demographic to suit all these things will make it a lot easier to plan the rest of your role as a landlord.

For example, what issues can you expect to get from a family of tenants where a student tenant wouldn’t cause problems, and vice versa?

It will also help your agent market the property, getting the right tenant into your property efficiently and replacing them quickly when they leave.


Be a good landlord to your tenants

You can have the best property in the world but you won’t reap thebenefits if you don’t source good tenants. Fortunately we help you find the best tenants – but the job only starts there.

The chances are you already know what it takes to be a successful landlord, but there’s always room for improvement or changes. You can ask us to manage your property for you or at the very least chase your tenants for their rent.

Landlords know that finding a good tenant and treating them with respect is the route to a successful working relationship, so take the time to stay on top of maintenance issues and law changes to keep your tenant from the need to change property.

This point is especially important considering recent law changes to the provision of Section 21 notices. It is the landlord’s responsibility more than ever to respond to tenant issues, otherwise you can lose your ‘power’ over a tenant.

Budget intelligently

Landlords play an inherently risky game at times, and many struggle to account for the difficulties that they face on a daily basis. In a recent survey, roughly 75% of landlords did not account for basic costs such as repairs, cleaning and mortgage interest, therefore overestimating their profitability.

Before you plan on any investment you need to consider its possible outcomes, and the likely costs you need to budget for. It also helps to include void periods in these costings, so you know how long you are prepared to own an empty property for.

As your agent we can help you dissect your investment and financials, plus we are in a position to help you fund further property purchases.

Plan big, think big

As discussed, every landlord should know their end goal before making an investment, and this is no different when expanding an existing portfolio.

If you aren’t already, sign up to some landlord associations, subscribe to lettings newsletters, and consider a financial advisor. Bigger portfolios require more management and having all the information you need will hold you in good stead in the future.

Our Fully Managed service will relieve you of the day-to-day stresses of letting your property. We will deal with maintenance, repairs, conduct management visits and serve end-of-tenancy notices on request. This is especially useful when your portfolio is starting to expand.

As always, Whitegates are here to help you find an investment path that matches your needs. If you have plans of expanding your portfolio, in your current area or around the country, please contact your local office today.

How To Make Your Bathroom Eco-Friendly

This article is a guest blog post by James Chapman, Director of Bella Bathrooms. James is a qualified plumber who has been installing bathrooms since 1998 and understands that no matter the size or budget, a dream bathroom is always possible.

We are all aware that we could be more eco-friendly on a day to day basis, from purchasing environmentally friendly products to making a considered effort to turn lights off if we aren’t in the room.

bathroom_bathtubIt’s also important to ensure our homes are taking care of the environment too and the bathroom is one of the most used rooms in the home and one of the least planet conscious spaces. From small green steps to upgrading your bathroom suite we’ve put together some tips to ensure your bathroom is eco-friendly.

Eco Bathing

Long hot baths are the ultimate relaxing treat and perfect for a little me time, but being eco-friendly doesn’t mean you need to cut out your bath time. Installing a water saving bath is a great solution to bathe more environmentally friendly. A narrow bath will reduce the surface area and mean you use less water to fill up your bath.

Whether you choose an acrylic or steel bath both have environmentally friendly plus points. Acrylic will help to retain heat during your bath and eliminate the need for hot water top ups during your bath. Whilst steel is made without the use of fossil fuels, is 100% natural and is easily recyclable.brushteeth

For extra eco points sharing clean bath water will also help to cut down on wasted water consumption.

Restrict Water Flows

We all probably use more water than we need to on a daily basis so installing restricted water flow shower heads and taps can help to cut back and reduce your overall consumption. Eco taps are installed with click technology which allows water to flow at a low rate rather than full flow, perfect for brushing your teeth or washing hands.shower head

Some shower heads can even be installed with eco buttons which can be pressed to enable an environmentally friendly amount of water to be passed through. Multi flow shower heads will also help to reduce water consumption and if approved by Waterwise and BMA will up your green credentials even more.

Choose Sustainable Materials

Bamboo is one of the most sustainably friendly materials that can be used in your bathroom, so choosing this material will ensure your bathroom meets eco-friendly standards. Using bamboo as a wood alternative is often cheaper and will last longer than materials that are prone to rust. Whether you choose to add bamboo accents in your bathroom or install a bamboo finished bathroom suite, using sustainable materials will keep your bathroom planet-friendly.

Ecological Accessoriesbamboo

If you’ve gone to the hard work of installing an environmentally conscious bathroom suite then it’s important to ensure your bathroom accessories are also eco-friendly. If you plan on painting your bathroom then look to using a chemical free paint and lessen the harm caused to the environment through the use oftoxins.

Choosing sustainably sourced towels made from bamboo, linen or cotton will keep you wrapped up in the lap of luxury whilst ensuring you meet the green bathroom standards. Go one further and ensure your bathroom products are also created sustainably with organic beauty products made with natural resources.

Whether you choose to invest in an environmentally friendly renovation or take some small green steps our top green tips will hopefully make you more conscious of the environment and use your bathroom wisely.

Are you eco-friendly when it comes to your bathroom? Do you have some handy tips to share? We would love to hear them, so make sure you tweet your ideas to us here.

Disclaimer: Guest blog posts on the Whitegates blog are written by external companies. Whitegates do not endorse the products or services of these companies.



What has happened since the pension reforms?

The new pension freedoms that came into effect in April 2015 were expected to change pensioner and “soon to be pensioner” behaviours. What has happened?

37% of homeowners over 55 said they planned to buy a new property, and 14% said their future plans were as a direct response to pension changes.

However, buy-to-let mortgage approvals are growing more than four times the rate of first-time buyer mortgages at the moment, so this sector remains strongly supported.

Pensioners have directly responded to the changes by opting not to buy a pension annuity; annuities have fallen in value considerably: £3.1bn in Jan-Apr 2013, £1.8bn in 2014 and down to £1bn this year. Not only has the value of annuities fallen, but the number of annuities bought has also fallen steadily from90,000 in the second quarter of 2013 to just 17,800 in 2015.

As an alternative to pension annuities, pensioners can use Income Drawdowns – this is essentially taking money out of your pension pot and treating it as an income. Drawdown sales have soared, namely because everyone can now access them with no restrictions. The total value of drawdown products sold to June 2015 reached £1.3bn compared with just £670m last year.

Source: Telegraph. http://www.telegraph.co.uk/finance/personalfinance/special-reports/11865691/How-weve-used-the-new-pension-freedoms.html

Tax Insider – Husband and Wife transfers

Malcolm Gunn, a writer for Tax Insider.co.uk, highlights a useful application of the reliefs available for transfers of a residential property between spouses in certain circumstances.


It is well known that transfers of assets between husband and wife (or civil partners) are generally exempt from capital gains tax (CGT) liability and also inheritance tax liability. However, there are some interesting aspects to the CGT exemption in so far as it relates to a transfer of a home between the parties.

The basic relief (in TCGA 1992, s 58) simply states that where an individual is living with his spouse or civil partner and disposes of an asset to the other, the acquisition and disposal is on a no gain, no loss basis. This provision says no more than that, so that the acquisition date for the transferee spouse is the date of transfer. But the original base cost of the transferor applies.


Special rule

When one looks at the provisions for main residence relief, there is a special rule for a transfer between spouses when it is their only or main residence. The special rule is that the period of ownership for the transferee spouse begins with the period of ownership of the transferor. So the ownership is backdated to when the transferring spouse originally acquired the interest.

However, this relates to the transfer of an interest in a property only when it is ‘the only or main residence’ of one of them.  At one time, it was thought this rule applied to any property which had at some stage been elected or treated as main residence for them. However, HMRC changed its view of the provisions some years ago and now considers that the rule applies only where the property is the main residence at the time of transfer. So in other cases, there is no backdating of the period of ownership.


Inter-spouse transfer

Consider therefore the following situation. Husband owns aproperty which has been let since he first acquired it. The tenant is about to leave. There is a substantial capital gain. Once the tenant leaves, he transfers the property to his spouse and they then decide to use it as one of their residences. After 18 months, they decide that it does not suit them as well as they thought it would, and the transferee spouse decides to sell. If before the sale, the wife makes a main residence election for the property, the result for CGT purposes must be that the entire gain is exempt.

Quite commonly, husband and wife hold assets jointly, in which case the result just described would not hold good. This is because a person’s period of ownership of a property for main residence relief purposes dates back to the first acquisition of an interest in it. So although some element of exemption for the gain could be obtained by making an election, it would only be the last 18 months out of the total period of joint ownership.

The possibilities for exemption may arise for a holiday home which has been held by one of the parties. Assuming that sufficient use has been made of the property for it to constitute a residence of the parties, prior to sale it could be transferred to the other and they could would then make a main residence election and sell within 18 months. It may be that the mere transfer of the title from one to the other starts a new period of running for the purposes of making an election, although one would need to take a view on whether HMRC would accept that.


Practical Tip:

When a property has been held by one spouse alone, the slate is wiped clean as regards past usage if it does not qualify as their main residence at the time of a transfer to the other spouse.

Some little known facts about sourcing agents

Although many people are working with ‘sourcing agents’ to help them find properties for their portfolios, it still amazes me how few know about the recent changes within the industry to protect consumers who use their services.  This article is to make you aware of those very necessary changes and what you need to check about the people you work with going forward.


In case you are not familiar with the term, or have never used a property buying agent or sourcing agent before, let me enlighten you.  A Buying Agent is someone who receives instructions from a person to act on their behalf to search for property and negotiate the purchase price.  Someone who employs the services of a sourcing agent is looking for help to purchase property (either their own residence or property for investment purposes, etc) for a number of different reasons.  These could range between the following:

  • To purchase property outside of their own immediate area
  • Due to lack of time to find property themselves
  • Don’t like the activities involved in having to source
  • Want to be as ‘hands off’ as possible
  • Want to work with someone else due to lack of experience
  • Etc, etc


In reality, there are numerous people and agencies who have set up and operate under this type of remit across the UK.  In essence, there is nothing wrong with this.  The problems occur when people are unaware of what can happen if something goes wrong and they end up with something they are not happy with.

Whilst there are indeed some very reputable sourcing agents in the market, I have also worked with several clients who have previously fallen foul of working with a sourcing agent and ended up in a nightmare situation for one reason or another.  This is due mainly to peoples’ naivety about how this business works, which means that they can become easy targets for the less scrupulous or perhaps inexperienced sourcing agent.  I have even come across people who Imeet at various property events who call themselves ‘sourcing agents’, yet on further questioning, some have barely any experience in the world of property at all.  They may never even have bought a property before themselves!  This, alongside agents who try to hide important facts from people, who rip people off by taking their registration fee and then disappear and even those who advertise amazing deals only to try and fob people off with unsuitable or ‘second rate’ properties.  It’s no wonder there has been the need for a change of regulation!


So what are the changes and when did they come about?  On the 1st January 2014, The Property Ombudsman Scheme launched a brand new ‘Code of Practice’ for Buying Agents.  Details of this can be found by visiting this website and clicking here for the actual Code of Practice.  To give you an idea of what buying agents must now adhere to, here is an indication:

  • Comply with all laws relating to residential estate agency
  • Be a member of a client redress scheme
  • Adhere to anti money laundering regulations
  • To name but a few…


In my opinion, it warrants taking a really close look at who you are working with or thinking of working with in this respect and it would be worth asking a few pertinent questions as to their business operations.  Just as any industry, this is a ‘buyer beware’ situation and you must do your due diligence and research before you buy.  Can you afford not to?

For more weekly tips and words of wisdom, sign up for my Weekly Property Wisdom emails by clicking here.


Safe Property Sourcing!

Hazel de Kloe

Property Investor | Property Mentor | Speaker | Author

The contents of this article are for educational purposes only and we make no recommendation of any particular investment. The price of property can decrease as well as increase and you make any investments in property at your own risk.

© Why Property Works 2015 | www.whypropertyworks.co.uk