So, you are starting out on building your buy-to-let empire. You have a property ready for tenants to rent, but should you manage the property yourself or leave it in the trusted hands of a professional?
With over 19% of UK homes occupied by renters, it’s no surprise that rental management is a hot topic. Well, just like most things in life, there are pros and cons of self managing your rental property. If you are undecided, take a moment to read our short guide.
Some lucky people (like the Queen) own property outright—and lots of it! But many buy-to-let investors start with little more than a mortgage on their first BTL property. So if you want to explore the best way to start a portfolio and get a mortgage, read on!
If you are looking to build a buy-to-let portfolio, then off-plan purchasing is one way to do just that while potentially maximising your investment. If you haven’t heard about off-plan purchasing before, take a few minutes to read this guide. We give you the lowdown on what off-plan purchasing is, as well as the possible pitfalls and benefits. So let’s dig in.
In this guide, we look at whether a buy-to-let property is a worthwhile investment. In terms of saving with a bank, one of the best deals you can get is around 2% in a long-term fixed account with no access to your cash. Meanwhile, by April, the inflation rate will probably hit 6%, which means you are losing money hand over fist. So if you are looking to build up a nest egg, then maybe you should consider investing in property.
With an ageing population, the need to provide all kinds of facilities is paramount in today’s world. And the most important thing we need as consumers is a home. By 2023, Retiremove estimates that 1 in 4 people in the Uk will be aged over 65.
And this figure is only set to increase. So, investing in retirement property is worth considering if you are a potential landlord. It’s also worth investing in a retirement property if you are looking to downsize as you get older. In this essential guide, we look at things to consider.
You might have read some blogs, and you are itching to go as a landlord. As you’ll know by now, you need to be careful with your investment, know the law, have a network of tradesmen, find and build a rapport with trustworthy tenants and document your financial activities correctly. It’s no easy task.
If you are considering the pros and cons of buying your first buy to let property, here are 7 of our top tips for doing just that:
We hope that if you’ve read previous blogs, then you’ll know there’s far more to being a landlord than getting a great mortgage deal, finding a tenant and sitting back to count your cash.
It’s a business like any other but carries significantly more risks than most businesses. If it goes wrong, you stand to be in a difficult situation with possibly several empty properties and being responsible for several mortgages. If you fall foul of regulations, you could find yourself in hot water legally. So there are far more opportunities out there that have less serious consequences.
Successful landlords have several traits which make them effective at running a property portfolio. Even if you are just starting out with your first property, these are things that you can learn and will stand you in great stead for the future.
Your rental property is a long-term investment, so you must take care of it well. It’s a big mistake to leave this job to tenants, as it is not their job. Yes, it’s their job to keep the property clean. And you might have stipulated in the contract that they keep the garden maintained. But aside from that, it’s not their job, and you’ll be lucky to find a tenant that is either a capable or willing handyman.
But how do you take care of your rental property so that your little pot of gold doesn’t turn into a costly nightmare down the line? Here are our top tips to stay on track.
If you want to build a rental portfolio, this all starts with making good property deals. So do you know how to get the best property deal, or are you winging it and hoping for the best?
Well, there are rules that you can follow to make sure you get the very best deal in the first place. Read on to find out more.
Students are not exactly the pinnacle of society. Given at least three years off work after being released from mum and dad’s protective care, they are synonymous with heavy yet-to-be-controlled drinking and still need mum to clean their bedroom and pants.
So why the heck would you want to rent to these curious all grown-up now little darlings?
That’s the million-dollar question.
But hey, if you are aiming to build a million-dollar property portfolio – students always need somewhere to live. And student letting boasts some of the highest profits available when it comes to renting. So, let’s get into how students could be a great way to boost your portfolio and some top tips.
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