It’s a very different story from the property boom at the beginning of this century, when would-be landlords were trying to get onto the housing market, among steep property rises. Many investors at that time lost out, as in some cases they spent more than the value of their homes and got tied into high interest rate mortgages.
Investors are becoming landlords for an array of different reasons now, from holding onto their property whilst moving to a new home home, and then renting out the old home, to simply being lured by bargains.
In the South East house prices are starting to rise at their fastest rate for six year, and returns on buy-to-let investments have never been so appealing. According to a new survey the average rental yield is now 5.3%, where as other investment options are offering a much lower rate of return.
One in five family households are living in rented accommodation, and to rent a house in the South there is normally a waiting list of 10 or more people, so if you would like to find out more about how you can become a landlord, give one of our team at Enable a call, and we will be able to give you independent advice as well as accessing buy-to-let mortgages from across the market place.
Issued by: Enable Independent Financial Life Planners 25c North Street, Bishops Stortford, Herts CM23 2LD Telephone: 01279 755950 - Fax: 01279 657339 Enable Independent Financial Life Planners is a trading style of Enable Independent Limited is authorised and regulated by the Financial Conduct Authority. It is important always to seek independent financial advice before making any decision regarding your finances. If you would like any assistance, please contact us. NOTHING CONTAINED IN THE ARTICLES SHOULD BE CONSIDERED AS GIVING INDIVIDUAL FINANCIAL ADVICE.
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