jobs peterborough

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Peterborough is already a popular city for investors and it is not surprising given the potential for buy to let yields of 7% and the enormous potential for capital growth from easy access to London within 45 minutes, a massive investment in the revitalization of downtown, a state the opening of the art new hospital in 2010, plans for a new university and plans to create 20,000 new jobs in the region.

Supply and demand has been built prior to 2008 levels;

• less "accidental owners" means owners be forced to rent their properties
• signs of "adventitious agents" who are struggling with some disappear owners face a £ '000 's loss!

Rents are starting to show some strength; 2010 seems promising. Revision of annual rents are now back on the agenda again even if an increase in a weak point. It is still a market driven by the tenant so that you have ensure your property (s) look attractive if you want to leave quickly for maximum money

In 2009, we have seen rents weaken by about 10% of flats see biggest drop some up to 20%. Current stock of rentals advertised has now reduced to normal levels due to very busy time, leaving between July and October. Buy to Let interest has emerged again and bids are made with new stock coming on the market. We expect rents to rise slightly over the next 6 months.

2008 / 9 has seen a sharp increase in property rent and a large increase in staff leaving unregulated. Peterborough too much unregulated rentals to non-qualified staff hire untrained. The slowdown in home sales in 2008 and much of 2009 has created many new rental companies, including real estate agents not practice before and the staff of the estate agent who was dismissed from work from home, called "accidental rental agents. Mostly these new beginnings are born of necessity for the survival of companies thinking that this would be easy to leave home and gain immediate income.

Since the banking crisis and the beginning of the recession we have seen more properties on the rental market has led to lower rents, the empty longer (periods where the property is not rented) and the need to invest in the presentation of a property that has all pressure on cash flows. With the new agencies offering lower management fees (some do not charge VAT), it is understandable that some owners have chosen to work with them.

What is the concern with a non-regulated leaving? Or "What are the disadvantages of using an unregulated letting agent?

Ask the owners of three local agencies who have left closed this year and hear what they have lost! In trying to save a few percent management fee equivalent to about  £ 132 per year (or £ 2 per week!) on a monthly rental of  £ 550, many have lost thousands of pounds!

These loses occur if the tenant has paid rent to the agent but the agent did not pay the landlord. The rent is paid but not legal in the bank's owner! In this case, the owner must seek recovery of this loss of the agent (although it is unlikely to pay!).

If the tenant has paid a deposit and the agent has not record the submission that you, the owner is liable to pay the tenant three times the value of the deposit. An agent is even having a record lease other agreement with the lessee that the lessor has seen with the tenant paying a higher rent than the reporting agent is the owner!

Did you less 25% * Peterborough rental agencies have voluntarily or regulated members of a profession.

Only four local staff are members of NALS scheme approved national (voluntary accreditation central government funded scheme rental agencies) and 10 local staff are members of the Federation National property professionals (ARLA & NAEA combining three of these are members of card payments)

 • For membership these organizations, landlords and tenants benefit from working with professional agents who are regulated to:-operate under a strict code of practice

• A client to consider bonding

• A fully audited accounts of customers

 • hold professional indemnity insurance

• To have a formal internal complaints

 • be a member of the Ombudsman for Property

(* 43 companies listed on leaving the operating yell.com Peterborough 01.11.09)

So, in conclusion, we see few signs of recovery in Peterborough, but the owners really need to be careful and seek advice from professionals, accredited agents rental Peterborogh.

Terry Lucking is Managing Director of Belvoir Property Lettings Peterborough, http://www.belvoirlettings.com/Peterborough which has the largest range of rental properties in Peterborough. He started this business in 1999 and it is now the leading lettings agency in Peterborough, Oundle and Corby UK. He can be contacted on +44 (0) 1733 321500, email terry.lucking@belvoirlettings.com

BBC Look East News 15th7th9 Peterborough