Month: August 2021

Sidd Mahajan London, offers guidelines on how to sail through the Coronavirus storm and keep your HMO business intact As an HMO landlord, you should already be advising your tenants to keep up-to-date with government guidance on dealing with COVID-19. The essence of the government’s public health measures to combat the virus is to limit the number of contacts between members of the community. Throughout the period of controls being in place, as an HMO landlord you will need to ensure: Sidd Mahajan, London says, “Consider a payment plan that could offer your tenant some much-needed respite. Don’t forget, while you are fulfilling responsibilities for your family and loved ones, you also have a duty of care to your tenants as an HMO landlord.”

Before COVID-19 the housing market was enjoying its strongest start to the year, each year.  52% families in the UK own their own home according to latest statistics, with 28% owning properties outright and 20% with a mortgage. Decisions pertaining to housing require analysis of several factors. Siddharth Mahajan London says, “Buying a property is always going to be stressful but now after the pandemic, the British real estate market is going to witness mammoth change in terms of policies as well as pricing. In the past few weeks the government has set out a complex set of new guidelines to help the British public, and economy, adapt amid coronavirus. Now experts claim the new rules will help boost the housing market.” Additionally, restrictions have been loosened on who can legally identify buyers and allowed deeds to be signed without in person witnesses. In totality, the British real estate market is set for evolution following the COVID 19 pandemic. Read more to understand these better if you are a fence-sitter awaiting an opportunity to take the plunge. Talk to the locals. If you like a property you’ve just viewed, take the time to explore the immediate vicinity. Are there any open spaces nearby for kids and/or animals to play in? Where is the nearest shop? Is there space to park your car? What are the pubs like? The clientele that frequent the local drinking establishments will give you a good idea as to the type of neighbourhood you’re in. If you’ve got the front, it doesn’t hurt to knock on neighbours’ doors and ask them what it’s like to live in the area. Most people are happy to give advice to the folk who may well become their next-door neighbours.