The million pound city

There is no doubt that London is continuously growing. A very strong jobs market when compared to other areas of the country, combined with frequent investment within the city, has led to significant growth over the past several years. The growth shows very few signs of slowing down, making the city as attractive as ever to those who are in search of investment properties. The growth is predicted to reach new heights in just over a decade, with London becoming a “million pound city”. Continue reading

Profitable times for accidental landlords

Research shows that 24% of UK landlords entered the property market unintentionally. When asked by The National Landlords Association Survey why they entered the rental sector, 11% of landlords said they acquired their properties through inheritance, 5% obtained an extra property through meeting their partner, a further 5% experienced difficulties when trying to sell their properties, and others had to relocate for work or decided to move abroad and let their UK homes. Continue reading

Renovating and improving building fabric

It is essential that the fabric of your property remains in good condition, well maintained and regularly checked. The building fabric includes the roof, floor slabs, walls, windows and doors. If any of these are compromised in any way, the entire property could potentially be put at risk. Water and damp can set in, infestations can happen more easily, and the property can become more vulnerable to intrusion. All of these issues can compromise the safety, security and health of the occupants. Continue reading

Invest in lucrative HMO properties

There has recently been a rise in buy to let landlords looking for semi detached properties and specialist units such as multi-block units and HMOs. As optimism rises, landlords in the capital are planning for steady growth in the buy to let property sector. Recent research of the market shows that the percentage of landlords on the lookout for specific properties such as HMO developments has increased from 23% in the fourth quarter of 2014 to 35% in the first quarter of 2015. Continue reading

Help to buy ISA on the horizon

In the news recently we have been hearing about the introduction of a help to buy ISA, designed to help people purchase their first property. With the current high property prices, lower average incomes, and stricter rules on obtaining a mortgage, first-time buyers need all of the help that they can get. Continue reading

There are indications of prosperous times for investors

Following a muted six months, we are now seeing momentum return to the housing market. Demand was slowed by uncertainty regarding the result of the general election, tighter lending conditions and a natural adjustment after a recovery in prices. The annual growth rate is the most important indicator for the direction of the housing market, and new data recently released by the Halifax shows that the growth rate increased from 8.1% to 8.5% during the 12 months to April 2015. This means that the average house price rose from £193,328 to £196,412 in a month. Continue reading