The current climate means that it is an opportune time for new investors to enter the property market. The stamp duty holiday means that there is an opportunity to minimise upfront costs. If you are thinking about entering the world of property investment here are some tips to get you started. Choose your niche Commercial […]
It is clear that rental prices are increasing. They are mirroring the trend of UK property prices. Monthly rent is most affordable in the North. Above any other Durham is the most affordable city for renters in the UK. Durham rental prices total an average of 21% of an individual’s monthly income. Following this, Hull […]
Boris Johnson has recently announced plans to introduce 95% LTV mortgages. This means individuals will only need a 5% deposit to purchase property. He also plans to introduce these mortgages without the need for stress testing. Mortgage stress testing involves banks checking whether an individual can still make their repayments at a rate higher than […]
In other words, Buy to Let landlords are now holding onto properties for longer than they did in the past. Independent Estate Agent ludlowthompson has found that over 29% of Buy to Let investment properties sold in 2018 had been owned for over 15 years. This figure has risen from 22% in the two years […]
Property investment has established itself as a greatly beneficial way to maintain financial security. Bricks and mortar is not a one-sided approach and what works for some people may not work for others. Andy Foote, Director at Sevencapital, argues that holding many forms of investment is often the best way to secure financial success. Providing […]
If you are looking to get involved in the property sector this blog is for you. Bricks and mortar are becoming an ever more popular investment strategy. They can deliver strong year-round income in the form of rent. Before you get started in property investment it is important to weigh up the positives and negatives. […]
The UK has an increasingly aging population meaning people are living longer overall. While this is a great thing, it can also lead to anxiety as to how individuals will fund retirement. Many traditional means of saving are no longer adequate to fund an aging population’s requirements. Historically savings accounts have proven popular, but with […]
Before we look forward it is imperative that we look back. 2019’s property market focused on Brexit and the uncertainty that it will bring. Brexit had a huge impact on how the property market preformed in 2019. However, despite the uncertainty there was hope. The property market is a strong, stable financial asset. It has […]
The global pandemic has made it increasingly difficult to plan for the future. According to Fitch Ratings report, GDP levels in advanced economies are set to remain 3-4% lower than predicted for at least 4 years. Investors are seeking to combat this by finding secure investments which have historically proven to remain worthwhile in times […]
The latest data from Halifax shows that over the last 10 years property prices have increased by 69%. In 2010 the average price for property in the UK was £142,473, but in 2020 this has leaped to an average of £241,025. In London property prices have increased by a whopping 98%! Meaning first time buyers […]
