Property tools browser extension v1.7 released

The latest PaTMa Property Tools browser extension has been released.

This is v1.7 of the free PaTMa property tools plugin and it’s available for Chrome and Firefox directly from the relevant stores.

Property Tools browser plugin screenshot

Improved Interface

This version provides a completely reworked user interface. Getting the important information to you faster and with fewer clicks.

While you’re viewing a property on Rightmove or Zoopla you can click on the PaTMa icon in your browser and immediately see the properties price history. Pricing history is now available for everyone immediately, even without logging in first.

Login for more

You can also register for a free PaTMa account and explore more advanced features of the property tools plugin though.

Property Tools browser extension advanced features screenshot

Once you’ve logged in you’ll be able to view local comparisons and easily save properties in your personal prospects list in Property Prospector.

Email Alerts

When you save a property as a Prospect, PaTMa will automatically keep an eye on it for you and email if the price changes or it becomes unavailable.

All of this is available for free after creating a PaTMa account and installing the PaTMa Property Tools browser plugin.

Facelift for buy-to-let profit calculator

Our excellent and completely free buy-to-let profit calculator has had a facelift. It’s now even easier to see your ROI, yield, investment and monthly profit at a glance.

If you’ve seen it before (or even if you haven’t), give it a try now to see how your next property investment could work out.

Quick and simple to use

You only need to enter three numbers to get started:

  • your expected purchase price
  • your forecast repair cost
  • the monthly rent you expect

After you’ve entered those numbers you can either scroll down and click “Calculate” or wait a moment to see your results automatically appear.

Set your cash

If you leave the “Cash Available” field empty the calculator will work out the minimum investment you could put in to make the deal satisfy the mortgage requirements.

You might want to put in a bit more to improve your cash flow or perhaps ask for a calculation with a bit less, to see how far away from your target that would leave things.

Tune the mortgage

The calculator comes with some “reasonable” mortgage criteria pre-set but the chances are they wont fit your exact situation. So you can scroll down a bit on the calculator to customise the interest rate, fees, LTV and rental cover details. See the results instantly update as you make changes.

Save, Download or Share

With your results on the screen you’ll also see buttons to:

  • Save & Compare – create a free account and store this calculation, you can then add others to compare different properties you’re considering.
  • Share – get a unique URL for your calculation and send it to anyone you like, they’ll be able to see the exact numbers you entered and full results.
  • Download – we’ll email you a PDF with all your input figures and calculated results so you can keep them for easy reference in the future or to send on.

Profit calculator results

Displayed results

The results don’t just give headline numbers, there’s also a complete table with calculated figures for yield, ROI, profit, required investment, stamp duty, available mortgage and more. There’s even a table giving an outline of how the Section 24 (mortgage interest relief) tax changes will affect the resulting income.

Try out the buy-to-let profit calculator for your next property deal.

New How to Rent Guide – July 2018

It wasn’t long ago that the Government issued their last update to the How to Rent Guide but it seems there were a couple of minor issues that warranted an urgent fixing release.

Officially announced on the 9th July, but actually sneaked out a few days before, you can find the latest release of the Governments How to Rent guide here.

All tenants must be provided with a copy of this guide at the start of a new tenancy. Given that it seems the version issued on June 26th may have been incorrect (it didn’t use the legally recognised document title), we recommend re-issuing the latest version for any tenancies that started on or after the 26th of June.

If you’re using Property and Tenant Manager, re-issuing the latest guide is as simple as:

  • Visit the recently started tenancy
  • Open the tenancy start checklist
  • Click the link to send “required tenant documents”

That’s it, your tenants will receive the latest guide by email.

The latest cover now looks like this:

How to Rent Jul 2018 Cover

 

 

The How to Rent guide is issued by the Ministry of Housing, Communities and Local Government. You can download the PDF directly here.

How to issue the guide to tenants

So what’s the best way to legally issue the How to Rent guide to your new tenants?

Well the simplest method is to use the automated tenancy start process in PaTMa. Just enter the basic information for your new tenancy and tenants, click to generate the AST and send it straight to your tenants for online signing. The default AST template includes provision for serving the How to Rent guide (and other documents) by email. So once your tenants have signed up, it’s just another click to send them a complete welcome pack – including the How to Rent guide, the property’s EPC, your latest gas safety certificate and your chosen deposit scheme terms.

We’ll always make sure the latest How to Rent guide is included – you’ll never have to worry about checking with the Ministry of Housing and downloading the latest guide again.

If you prefer the manual approach you can always email the guide yourself – just make sure your tenancy contract allows for it.

Or for those few who’d really rather collect bits of paper, the guide can be printed out and physically handed to your tenants. However the electronic version of the guide does include lots of links to extra information so I really recommend issuing the PDF version if you can.

Feature Focus: Improved HMO Support

Property rental can be a complicated business. Similarly keeping track of rented property can be too. One example of that is when one property is actually let out on multiple tenancies.

This might be because the property is a house of multiple occupation (HMO) or perhaps you’ve just chosen to rent out the garage separately from the house or flat (for example).

From launch PaTMa has supported these scenarios by allowing multiple active tenancies to be recorded against a single property. Each tenancy keeps track of the tenants, rent and other details independently.

With our recently released updates, you can now be more specific about this – choosing to mark a property as “multi-unit” when you want to keep track of multiple units that are separately rented out.

Once you’ve marked a property as multi-unit, you can add each of the units, along with a label.

Unit list screenshot

After that, each new tenancy can be allocated to a specific unit within the property.

Along with the ability to create the units within a multi-unit property and track tenancies against each of them, this feature also uses the extra information to improve your property dashboard statistics.

Property occupancy rate

Your current occupancy and historic occupancy levels will now include each unit separately, making them much more accurate for HMOs.

Feature Focus: Mortgages and Valuations

A critical part of most property investments is finance, more specifically mortgage finance. Whether it’s essential to afford your investment or you’re using it to amplify/gear your returns, there’s a good chance you’re using a mortgage.

Hence keeping track of your investment mortgages is an important part of managing your portfolio.

PaTMa includes the ability to record all of your mortgages and property values.

Key Benefits

  • Automatic reminders before fixed rates end – save hundreds of pounds with plenty of time to arrange a new deal.
  • View your current debt/equity ratio and totals at any time.
  • Instant visibility via great looking graphs for your whole portfolio.

Portfolio Graph

Portfolio equity graph

Instantly see the current status, using your current mortgage balance and latest valuation, of your portfolio wide borrowing.

Above is a sample of one of the graphs you’ll see in your dashboard once you’ve started adding valuation and mortgage data to your properties. In your dashboard you can hover over either segment to see the monetary value of your borrowing or equity.

Mortgage Reminders

Every property in PaTMa has a space to store current mortgages or other loans you’ve taken out against it. Simply set the “fixed rate end date” and PaTMa will automatically email you three months before it’s due to expire.

You’ll have plenty of time to evaluate the impact of the mortgage reverting to a standard rate (we’ve got some exciting tools coming out soon to help with that). If you decide to find a new deal, you’ll still be in time to get in touch with your mortgage broker.

Valuation History

You can store as many valuations as you like against each property. So you can keep it updated as things change or go back and fill in your property’s history. Either way you’ll be able to easily see how your investment value has changed.

You can also see a visual representation of how each property and your entire portfolio has performed over time. Great for spotting trends and getting an idea of where the future may be heading!

More Great Features

PaTMa is full of great features to save you time and money when managing your property investment portfolio. For a limited time, get a lifetime 10% discount on any PaTMa subscription if you sign-up before the end of June 2018 and use the discount code SPRING2018.