September 2014 saw Central London rental values increase for the seventh consecutive month, and analysis shows that annual growth is at its highest rate in two and a half years since recovery began in the capital. Fortunately, the UK economy is regaining health after the crash, and research by the Office for National Statistics highlighted the fact that the economy of the country was 2.7% larger in the second quarter of 2014 in comparison to the pre-crisis peak. Rental value is soon expected to mirror figures we were seeing before the fractured economy led to substantial falls in 2011.
Category Archives: Investments
Managing a property chain
Getting stuck in a chain when you try to buy or sell a house can be stressful, and has the potential to cause a number of delays for everybody involved. Chains can range from just a few people to several properties. When you account for the agents, conveyancers and other individuals that are also involved in the process it is easy to see how important it is to manage the chain and keep it as short as possible.
Tips for buy-to-let investments
Being an investor in buy-to-let property can be extremely rewarding but as there are large amounts of money and time involved, it can be difficult to know where to start. Choosing the right property to invest in can play a large part of your success – but how do you start? All great property investors started somewhere, so here are some of our best tips for first time investors.
Making an offer on a property
If you’ve found the perfect property and are interested in purchasing it, it’s time to make an offer and enter negotiations. Remember to keep in mind your budget and how much you feel the property is actually worth; as the buyer, you are always free to move on and keep searching if the seller won’t budge.
Finding the right property management
When you have a property investment, you may be considering letting it to tenants. Life as a landlord can be very rewarding, but it can also be difficult to keep up with all the work without the assistance of a property management company, especially if you aren’t experienced or have a number of properties in different areas. There are a few qualities that you should be searching for when looking to partner with a property management company.
Negotiating for a property
When you find a property you like in Wandsworth, Newham or any other area of the capital, it is unlikely your first offer will be accepted unless you are willing to meet the current asking price. In the vast majority of cases, some form of negotiation will need to take place. As the experts in guaranteed rent, property investments and management in London, we can advise you on the best ways to move through the process. Here are a few tips that can see you get the most from the negotiations.
The changing face of buy-to-let
Buy to let has evolved a great deal since its inception in 1996, when specialist landlord loans became available to help investors obtain buy-to-let mortgages. 18 years later, the rental sector has grown substantially, with many more people finding the financial support they need to make a property investment with the aim of letting. Before lenders adopted a new approach buyers struggled to find the finances for rentals. The finance available was poorly suited to their needs and expensive, leaving people with very few options. It also made it incredibly difficult for buyers to build a portfolio of properties.
Now is the perfect time to invest
When it comes to real estate investment, Lewisham and other areas of London are among the hottest areas to invest in. The global market has swollen over the past year and in London, the jump in investments is certainly being felt. In fact, in concerns to property investments, London experienced a huge 40.5% jump in interest. This significant boost in interest sees London ready, willing and able to take the top spot for global property investment from New York. London is very quickly closing the gap.
Targeting young professional tenants
In years gone by, it was traditional that a person starting out in their career would purchase a house. These days, young people and more and more likely to rent rather than buy, as they prefer the flexibility and ease that rental properties offer them. If you are looking for a buy to let property, it may be a sensible idea to target tenants such as young professionals looking for their first home.
Making a success out of your buy to let property
For many investors, buy to let seems like an attractive prospect, but if you’re thinking about purchasing a property to let it’s vital to do it in the right way. Here are our tips for optimising your chances of a successful buy to let investment.
