The advantages of a buy-to-let property include a steady income from the monthly rental cash flow. Also, if house prices go up over time, this will bring about an accumulation of wealth. The rising of house prices in the UK have made it difficult for people to buy properties, so ‘ready to move in’ buy-to-let is a popular way to invest.
House of Multiple Occupation rents property to different tenants on a room-by-room basis. An HMO increases the property's rental income and reduces the risk of having the property empty. The property owner pays for all the utilities and clean communal areas with HMOs, so the tenants pay one easy monthly payment to cover the rentals and bills. Also, the property needs to meet the proper safety requirements for people to live in before the council can give a licence for the building to be used as an HMO. The tenants attracted are students, young professionals, regular working people and unemployed people receiving benefits.
Large or small, condo or mansion, we can find it and get it for you at the right price. Fixer-uppers? Luxury? We can help with all of it. We always have a current list of available properties for you to check out.
This strategy involves purchasing a property below market value. Some properties below market value need a little work to refurbish the property to a high standard. Ideally, you replace the kitchen, bathroom, carpet, painting, etc. Also, you may need to rebuild part of the property if necessary. On completing the property, it can be refinanced to its ‘new market value’. The money taken out of the property can buy another property and rapidly build a property portfolio. Hopefully, the refurbishing would have added new value to the property, enough value to take most of the money invested back. When rented out, it can give a high return on investment and a significant cash flow source. Alternatively, selling the property for a nice profit. This strategy is a rewarding investment if done right.
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If you have questions about affordability, credit, legal matters, or income, trust us to find you what you need fast. We make sure you feel confident and educated every step of the way.
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