Research from Hampton’s International reveals that it has become 77% harder to purchase a property in London since 2010. This is a result of the fall in average incomes and the rise in childcare costs and house prices. The figures also revealed that the average young family has only £347.00 spare annually after mortgage payments and essential spending. Recent studies that measured house prices, incomes, interest rates and the cost of living found that the amount of disposable cash that the average London family has left over is 22 times lower than the average UK family of four.
There has been a wave of young homebuyers that have been helped onto the property ladder by the government’s shared equity and mortgage guarantee Help to Buy scheme as well as parents and grandparents downsizing their homes and funding deposits. Despite this financial assistance the issue of mortgage costs, rising bills and falling salaries results in the depletion of available funds for homeowners in the capital.
As a result, we are seeing a continued demand for rental accommodation in London. If you are a landlord, property developer or potential investor, now is a great time to maximise on the increasing need for suitable and affordable properties. If you are thinking about investing in a Buy to Let property you may want to consider the benefits offered by our guaranteed rent scheme. We can secure your income for the next ten years and offer you the financial security you need before you enter into a purchase.
Our services are designed to ensure you avoid the potential pitfalls. When you buy your investment property you can never be sure how long it will take to find your first tenant, and you could end up with a tenant free investment property and no income. We will locate the right tenant for you and ensure your property is taken care of and that you receive your monthly income without fail. We can secure the highest rent possible for you, manage your tenancy and maintain the condition of your property.
We can be relied on to deliver the highest possible standard of client care in the capital. We are a leading and trusted name when it comes to block management in Sutton and throughout every London borough, and our services are the epitome of professionalism.