Welcome to August's Newsletter!
This month, we are celebrating our 12 year anniversary, so I wanted to kick off this newsletter with a massive thank you to everyone who has supported us over the years - here's to the next exciting 12 years!
I've also been looking at what impact the Bank of England's decision to raise interest rates will have on landlords' finances, and we've a guest article from Elizabeth of Elizabeth Styles on how you can make your rental property feel more like home.
Lastly, check out our buy-to-let deal of the month that could give high yield and attract long-term tenants (potentially a dream combo!), as well as news that the Swansea City Transformation has officially begun.
- Hannah McCartan, Managing Director
General
This 0.25% increase puts interest rates at their highest level since March 2009 - but what does that mean for Landlords, and is now the best time to remortgage?
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Transform your rental into a home that you love by investing in a couple of key items - and you'll be able to take them with you should you move house again!
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Construction has now started on Swansea’s largest city re-development since WW2. Restoration work has begun on Mumbles Pier that will make it a “world class” attraction.
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We find that properties in this location tend to attract very long-term, professional tenants who have family in the area and are looking to find a place to settle down.
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Newly constructed, immaculately-presented, and located for easy access to the M4 and Morriston Hospital, my Property of the Month is definitely a must-see!
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Asking rents in Swansea are marginally higher on 2 and 3 bedroom properties this month, and stock levels are lower - a great example of the forces of supply and demand!
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