The Government has announced Lettings/Estate Agents can begin to resume business. Staff will continue to be working remotely whilst we get staff and the office ready and “Covid 19 secure” and will be following the Government’s guidance as follows:

- We will be carrying out a COVID-19 risk assessment and will share these results with the people employed at Pennington.

- We will be cleaning, handwashing and following hygiene procedures in line with Government guidance.

- We are taking all reasonable steps to help people work from home.

- We will be taking all reasonable steps to maintain a 2m distance in the workplace.

- Where people cannot be 2m apart, we have done everything practical to manage transmission risk.

In the first instance all enquiries should be sent to info@pennington-online.co.uk, this email address is monitored during normal working hours and will be dealt with accordingly. Any maintenance should be reported via Fixflo. In an emergancy call 07474 342732, otherwise please call 07823 651832 or 07823 651890. We will look to re-open the office for appointments only, with the above measures in place subject to any further government advice around the 1st June 2020.

Support, Advice and Experience within the Property Market

£300 billion of buy-to-let investment goes unmeasured

From Property Talk Live on April 13, 2015

A quarter (23%) of UK landlords do not measure the return on their buy-to-let (BTL) investments at all, according to new research from Platinum Property Partners.

This means that £300 billion of investment in BTL is left unmonitored, leaving UK landlords unaware of the current or ongoing health of their property portfolio. Landlords owning Houses in Multiple Occupation (HMOs) for young professionals and key workers are the most likely to measure their portfolio, with 95% tracking the profitability of their property portfolios in some way. But landlords who let out holiday homes are least likely to assess the returns on their investment – with a third (33%) failing to measure the financial performance of their rental properties.

Not only is there a significant failure among UK landlords to measure BTL returns, but there is also a worrying lack of consensus about the most effective way to measure the performance of property portfolios.

Return on Investment is considered the most effective way to measure the performance of all investments, including property. For BTL, it is the only method to take into account gross profit, the cost of the property (including fees and refurbishment) and capital gain. Return on Equity uses a similar calculation so can also be considered an effective measurement.

However, just one in five (21%) BTL investors measure the performance of their investment using these methods. Over half (56%) of property investors use a less effective method to calculate the profitability of their portfolio, which means that £700 billion* of BTL investment is at risk of not being monitored accurately.

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Source: Property Talk Live