Many people believe that the London property market is reserved purely for the wealthy and those with access to substantial funding. The press usually only report on the London property market when a major, multi-million pound deal has been brokered. It is not accurate, however, to assume that all London property deals feature huge sums. Continue reading
The pace of rental growth in London
Rents in London continue to rise at a rapid rate, offering many benefits for investors looking to earn big returns on their money. According to Homelet, in the months leading up to October this year rental rates had risen by 7.5%, taking the average monthly price for a property to £1,560. Both of these figures are impressive when viewed alongside the averages for the whole of the UK in the same period; 3.5% and £749 respectively. Continue reading
A successful private rental sector is enabling portfolio expansion
Continual change in London’s property market has led to an increasing number of residents renting privately. The last 12 months alone have seen the addition of 150,000 households to the private rental sector. The combination of ongoing capital appreciation and rising numbers of renters have raised the value of the private rental market, and strong returns have encouraged further investment into the sector to support the growth. Continue reading
Investing in a buy to let property in Dalston
Dalston, in the London Borough of Hackney, has gained a reputation over the past few years as the location of choice for young creatives and professionals looking for a base in the city. The district has undergone extensive regeneration over the past decade, particularly in the run up to the 2012 Olympics, as Hackney was one of the host boroughs for the Games. Prices have risen, but are still not as high as many other areas of the capital, making it an attractive prospect both for renters and for investors looking for an affordable and productive buy-to-let property to add to their portfolio. Continue reading
Haggling can help you pay less for investment homes
New research by Which? Mortgage Advisors has revealed that a large proportion of potential property buyers are prepared to haggle on price, and in many cases are saving money as a result. The survey asked many people who had purchased property in the past five years about the details of their transaction, including the initial offer they made, whether or not they negotiated and the figure they eventually paid. Continue reading
Nurturing positive relationships with tenants
As a London landlord, we know that you are extremely busy, particularly if you own multiple portfolios. This means you need to explore every possible opportunity to save time, and the best way to do so is to engage the services of a professional, skilled and talented team of property specialists. At Finefair, we are dedicated to saving our clients time and stress by providing a fully supportive service that covers all their requirements. Continue reading
Ensuring landlords have their tax affairs in order
Just over two years ago, HMRC implemented their Let Property Campaign which was designed to help residential landlords organise their tax affairs and giving them an opportunity to voluntarily disclose tax on previously undeclared income. According to the latest emerging figures, it seems that the venture was a success, bringing in more than £50 million in unpaid tax from over 10,000 landlords. HMRC have launched several of these campaigns in the past targeted at various different sectors, but this has been one of the most effective. Continue reading
Flatsharing is no longer just for students
For many years in the UK, there was a general view that people lived in rented accommodation because they had to. Phrases such as “rent is just dead money” were widely used, and renting seemed to be reserved for young people who were not ready to commit to property investment and undecided about where they wanted to permanently live. Continue reading
A rising demand for rented homes
New figures from the National Landlords Association (NLA) demonstrate that the demand for private rented homes remains strong. 40% of landlords across the UK have reported an increase in demand in their local areas, showing that there are plenty of opportunities for investors to attract tenants and make a healthy return on their investment through rent payments. Continue reading
America’s Build to Rent gains momentum in the UK
There are currently nine million private renters in the UK, and as the market continues to expand we are continuously seeing new developments that aim to improve sector standards and ensure greater transparency. The latest trend to become popular is the build-to-rent concept that originated in the United States. The project has the potential to completely transform the private rental sector into a booming service industry. Continue reading
