Yorkshire is a diverse and vibrant county with a variety of locations perfect for property investment. Yorkshire consistently performs well in polls as being one of the best places to live in the UK, so considering a buy-to-let purchase in this region can yield significant returns for those looking to extend their property portfolio.
Bridging loans are one way those seeking to work their way up the property ladder might seek to secure short-term funding whilst still avoiding the dread ‘housing chain’. They can be extremely convenient, but they can also be very tricky. Here, we’ve created a summary of the 5 most important things you need to know about bridging loans.
If you want to buy a property to let, there's a good chance you're going to need a buy-to-let mortgage.
But how do these work and what do you need to know about them? Here's a guide to explain the details.
So congratulations, you have bought your first buy to let property! Now you have to fill it with tenants.
Assuming you wish to manage the property yourself, one of the first questions will be, “How do I advertise this property to maximise its potential?”
As we face a global Covid-19 pandemic, governments around the world are using emergency powers to try and limit both the spread of the virus and its impact on our economies and way of life. In the UK, self-isolation, social distancing and lockdown requirements are making it pretty much impossible for us to go about business as usual. Most people are working from home or unable to work at all, and in many cases this will hit their finances hard – including their ability to pay rent.
While Brexit is likely to cause ripples - at the very least - in the UK's housing market, the rental market is expected to remain pretty steady. The slow pace at which any change to the UK’s status will occur is, of course a factor in this assessment while little expected change in demand is another.
The most recent monthly housing market survey from the Royal Institution of Chartered Surveyors (RICS) was a little different than usual. Instead of focusing on the sales market, the survey opened with details of the residential rental market, showing that while demand for rental property remains robust, new supply of rental homes was weak, once again.
Although your tenants aren’t obliged to keep you updated on their movements, it’s important for you to know if they’re going away for an extended period of time, as a vacant buy-to-let does have implications for you.
Among landlords specifically, more property purchases are being made without resort to mortgages than in any time in the last decade. Why are more landlords buying in cash, and what could this mean for the market?
If you’re just at the start of the journey to becoming a landlord, you may not have considered how important the question (and cost!) of insurance is going to be. Appropriate insurance should help you secure your purchase and relationship with tenants but, most importantly, protect your own interests and investment.
Buy-to-let property investment has always been a popular choice for those who would rather have tangible-real world assets that they can control and preserve themselves than shares in an unpredictable stock market. However, no investment is fool-proof, and you need to work to build and protect your buy-to-let nest egg. The following tips may help you do just that.
If you’re a new landlord, you might find yourself feeling overwhelmed by the amount of work and detail involved in managing your buy-to-let investment. Even experienced landlords often wish they had more free time, and may have had negative experiences of letting agents who made business more complicated in the past.
Milton Keynes, one of the Government’s original ‘New Towns’ is now 50 years old. A city originally created to help with overcrowding in London, it has good transport links to the south and the north of England.
Talk to other landlords
Connecting with other landlords can provide useful insight during the early stages of researching a new investment. Online forums can be a useful way to speak to experienced landlords to see how they approach new investments, which types of properties they find the most profitable and how they factor in all the additional associated acquisition costs.
“Osborne drops tax bombshell that will wipe out bulk of buy-to-let profits”, The Guardian, 11th July 2015
The Guardian, like the Financial Times and many other media outlets baulked at George Osborne’s somewhat hidden tax relief changes as announced in the emergency Summer Budget last July. The talk has been of a ‘rental Armageddon’ and the decline of rental properties in the UK.
Buy-to-let has always been an accessible way to invest with potential for short and long term returns, but managing a rental property seems to become more complicated every year. For many people, the idea of being a landlord directly responsible for tenants is overwhelming, but others relish the idea of getting stuck in to their own business.
Buying investment property in order to reap the rewards of monthly rent - it seems these days everybody’s at it, so it must be easy right? Not quite.
Buy To Let can be extremely profitable but it’s important that you know what’s involved before taking the plunge. As many people have discovered to their detriment, being a landlord is not for everyone and, for a first timer, the process can be time-consuming, expensive and frustrating. Don’t panic just yet though, we’ve put together the following guide to ease you into the complex world of Buy To Let.
As Buy-to-Let (BTL) investors contend with the new tax rules regarding their property purchases there has been some more welcome news in the form of relevant mortgage products – there are more of them on the market.
This is a question often posed by investors and there simply isn’t an easy answer. To a large extent, your decision will depend on your financial position, but it is also likely to be governed by what’s happening in your local market at the time you are looking to buy.