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SpinDistribute.com Article Directory

The following article was published in our article directory on July 30, 2010.
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A Haven for Landlords, Tenants and Letting Agents: Chester City

Article Category: Real Estate

Author Name: Nick Morgan

Chester, the most populous settlement in the unitary authority wider area of Cheshire West and Chester, is famous│renowned for its archeological and industrial rich history. Chester was granted city│urban│metropolis status in 1541.
Although some parts of the city had been turned into residential areas, the city managed to maintain medieval structures and historic buildings, an asset that fascinated both local and international investors.

Landownership
A quiet place to settle, private investors see Chester as a perfect place to retire and also a place to put their money into. What could be more fitting than to invest in a residential property and let?
Buy to let is an investment same as landownership. An investor will buy a property and rent it out to a tenant. The rental will be taken into account to service the loan. Ideally│Preferably, the owner/landlord charges 120%-130% of the monthly mortgage payments. He may charge more but the strategy is to be patient and wait until the mortgage has been paid. Furthermore│Moreover, the property may also have appreciated in value over the course of the mortgage. At which time, the investor can re-mortgaged to gain more favorable rates and to raise further capital.

Letting Agents and Property Management
Re-mortgaging invokes│brings into play property management. Cheshire West and Chester Council announced the 10-year Renaissance project in 2007. It hopes to create a new chapter in the city, and also expects to attract numerous investors and expatriates. This would mean new jobs, level of interest rates, infrastructures, and in time, inflation. Property management agents can manage your property's accounts and finances. agents are instrumental in choosing the best potential property that will remain of interest to tenants. Re-mortgaging will mean extra work for the landlord. Hiring professional property managing companies can take off that complex burden of transferring a mortgage to one lender to another. tasks of attending to the tenant's maintenance and repair needs are also serviced by letting agents. Chester Council's agencies also realize the need of the landlords for personal service and so let the owner's local office to handle some administrative terms.

A quality home for the tenant
A good investor and a first-class│unparalleled letting agent mean a better home for the tenant. The landlord, having his work passed to the agency or agent, will be satisfied as long as his terms are met. So will be the tenant as a good and satisfied landlord results to less complaints. He will also be contented with the service of professional letting agents. Cheshire, as well as the rest of England and Wales, has schemed several protective measures for the security of the tenant. An agent which is a member of ARLA or Association of Residential Letting Agents will also have a professional indemnity│compensation insurance to secure both the landlord's and tenant's accounts.

Given a few years, the city will be swarming with private investors and letting agents. Chester City will be with commercial and residential establishments. The Northgate Development project, expected to return in 2012, will make way for new shopping streets, indoor market, an enlarged library, car park and bus station, and a new performing arts center.

Keywords: letting agents cheshire, letting agents chester, property management cheshire

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