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Viewing entries tagged with 'buy to let'
In recent years, landlords have been hit by a number of tax and regulatory changes. This has caused some property investors to look outside of the buy-to-let market towards other types of investment.
At present, it’s the landlord’s responsibility to vet their tenants to check they have the legal right to rent in the UK under a Government scheme.
With all the new legislation that has impacted on landlords in recent years, from changes in taxation to rules regarding letting fees, it’s encouraging to see that the number of buy-to-let mortgages on the market has hit its highest level for over a decade.
If you have cash to invest, rather than extending your portfolio, you may want to review your existing properties to see if you can unlock their potential.
You have decided to go into property. You have chosen a strategy and an area and off you go. Soon you discover a fundamental property truth - no matter how much money you start with, whether it is £40,000, £400,000 or £4m, eventually you run out of money to fund your property projects.
If you’re considering dipping your toe into the water of property investment, you need to know the pros and cons, because like any investment, buy-to-let comes with no guarantees.
It often feels like Student HMOs are the be-all and end-all of a Property Investor’s portfolio. It’s hard to see the downsides when the monthly income is so high (compared to buy-to-lets) and when decent accommodation is in such massive demand.
Continuing from our previous post, we now look at the types of assured tenancy agreements that apply in Scotland.
Buy-to-let investing in the UK has had its ups and downs over the last few years. Before the financial crises of 2008, there was a boom in the market to the point that almost every other person was a buy-to-let property investor. This changed very quickly when house prices slumped and property owners went into negative equity. The market has recovered since and now offers opportunities, providing you make the right choice of property, take the right investment approach, and understand your responsibilities.
The first thing property investors should know is that buy-to-let lenders typically want rent to cover 125% of the mortgage repayments. The second thing is that you can only borrow 75% of the property’s value, and many lenders are now demanding even larger deposits.