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An Evening Of Art

Reside are extremely proud to be sponsoring The Prince’s Trust’s ‘Evening of Art’ for the second time. 2011’s inaugural event exceeded all expectations by raising more than £74,000 on the night, with all of the proceeds invested directly into supporting disadvantaged young people in the region.

This year’s Evening of Art is being staged at The Assembly Rooms in Bath on Thursday December 5th.  It will feature a silk screen and photo collage of Venice by Sir Peter Blake – best known for his Sgt Pepper album cover – as well as works by illustrator Sir Quentin Blake, Rolling Stone Ronnie Wood, Nick Park of Wallace and Gromit fame and cartoonist Gerald Scarfe.

The aim is to raise more than £70,000 for disadvantaged young people in the South West by auctioning these artworks. The auction is on an invite-only basis but anyone can bid for works online. For more details and information on how to bid for any of the items, click here to visit the Prince’s Trust website.

Local artist Peter Brown, affectionately known as ‘Pete the Street’, has donated work, along with Prince’s Trust founder HRH The Prince of Wales.

Online bidding will close at 12 noon on December 5th to make way for the live auction in the evening, conducted by Christies’ contemporary art expert Tom Best. Guests at the event will be given touch-screen tablets to use for a silent auction.

We at Reside hope that the wonderful works of art which have been donated this year will raise the bar even higher than in 2011, helping to support the invaluable achievements of The Prince’s Trust. We encourage anybody who wishes to support the Prince’s Trust to bid generously.

Which painting can you see adorning your living room wall? We’d like to know what you would bid on, so get in touch with us via Facebook or Twitter and we might even let you know our personal favourites!

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1 In 4 Landlords Earn A Living From Rental Property

It seems that there has never been a better time to be a private landlord: tenant demand is up and predicted to rise even further; rents are increasing and yields are at their highest since the Landlords Panel research study began in 2006.

It is unsurprising therefore that more than one in four landlords are now making a living from letting their properties, according to recent research by BDRC Continental.

The research also found that a further 52% use rental properties to supplement their income, with 74% of those planning to use rental income to help fund their retirement.

Landlords stated that the opportunity to achieve a better return on property than investing in the stock market was a major factor in entering the buy-to-let market, along with the chance to make rental income their main source of income in the future.

It seems that optimism is in the air with 68% of landlords rating their capital gains and rental prospects as good or very good, compared with 60% in the third quarter of last year. This was found to be at the highest level since 2007.

John Heron, managing director of Paragon Mortgages, said: “Tenant demand for rental property remains strong, and with the mainstay of investment coming from private landlords, it is important for lenders to develop products that can underpin sustainable growth.”

Many of the landlords surveyed said they were looking to expand their portfolios, which is good news for buy-to-let mortgage providers and brokers. However it raises another issue when you consider that 63% agree ‘strongly’ that the buy-to-let market would benefit from greater competition. The industry cannot afford to have its key customers believing there’s too little competition in the market.

The research sounded a warning note for brokers and intermediaries: 21% of all landlords agree ‘strongly’ that they will approach a lender directly the next time they need funding.  And meanwhile some lenders are moving in the direction of providing a more holistic service to landlords – e.g. educating them on legal obligations, marketing and how to become more profitable.

With tenant demand almost certainly set to increase into 2014, it seems inevitable that even more landlords will be able to make a living from their rental properties in the future. If you are a landlord or are thinking about investing in rental property in Bath, we would be more than happy to discuss any questions you have about this topic either in person or via Facebook or Twitter.

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