Are there going to be more Buy To Let deals available in Leeds this winter?
Published: 31/10/2018 Last Updated: 31/10/2018 09:04:52 Author: JG Tags: Buy To Let, Leeds Property Investment
To read the rest of this article, please click here
Do ex council houses in Headingley make good buy to let investments?
Published: 19/09/2018 Last Updated: 17/10/2018 11:54:04 Tags: Headingley, Buy To Let, Ex Council Houses
She paid £134,000 early in 2015. Upon studying the comparable sales in today’s market, I could see the range was likely to around £170,000 - £180,000 now. My thought was ‘Wow, that was a great buy!’. Although not looking to sell now, this shows an increase in value of up to 28% in 3 and a half years, which is a very significant up lift in such a short time frame! Researching further I found that the average price for this postcode had increased by 26% over the past 5 years.
To read the rest of this article, please click here
Burley has some of the most affordable properties in Leeds
Published: 05/09/2018 Last Updated: 17/10/2018 11:50:28 Author: JG Tags: Burley, Leeds, Buy To Let, Property Prices
When we put this to the test, we found that Burley currently has an average property value of around £166,000 with the average salary being £25,203. This is a respectable ratio of 1 to 6.59. We tested this against our other local postcodes.
To read the read of this article, please click here
Burley or Kirkstall - which is better for a Buy To Let investment?
Published: 15/08/2018 Last Updated: 17/10/2018 11:37:13 Tags: Buy To Let, Burley, Kirkstall, Leeds
Kirkstall covers a slightly larger geographic area but Burley has a higher concentration of houses. Each have a similar number of homes at around 5000 each. Burley is closer to the city centre and is known for its traditional Leeds style terraced properties. Kirkstall is slightly farther away from the city centre in a north westerly direction travelling along the A65/Kirkstall Road, and has more semi detached properties. For these reasons Burley tends to attract a younger population and Kirkstall tends to attract more families.
To read the rest of this article, please click here
The Age Old Question: Capital Growth Or Yield?
Published: 01/08/2018 Last Updated: 17/10/2018 11:21:26 Tags: Capital Growth, Yield, Buy To Let, Property Investment
Should I go for yield (or cash flow) or capital growth?
I get this question a lot. In fact it’s one of the most asked questions I do get. The most common chestnuts being ‘Where do I buy’ or ‘What do I buy?’. If I had a pound for every time I had these…! (I’ll cover these in a separate blog, read on!). The answer is – it depends.
You’ll need to be clear on a few things before we get going and buying the first property we see that we like the look of!
What are you trying to achieve? Why are you investing in property in the first place? What are your long term goals? What are you going to do with the cash flow?
We need to understand what your strategy is first. And if you don’t have one, you need to get one! Don’t spend any money until you have got this nailed.
Let me illustrate with a couple of examples.
To read the rest of this article, please click here
How To Quickly Safeguard Against Interest Rises On Your Mortgage
Published: 06/12/2017 Last Updated: 06/12/2017 12:25:37 Author: JG Tags: Interest Rates, Buy To Let, Mortgages, Landlords
August 2016 saw the last change when there was a cut from 0.5% to an all-time record low base rate of 0.25%.
The Bank Of England estimates that almost two million mortgage holders will not have experienced an interest rate rise since taking out their mortgage.
The rise in the base rate was seen largely as a measure to control the effects of increasing inflation.
Experts predict the change to be the start of further steady incremental increases in the interest rate that are still to come.
Savvy borrowers have been fixing their mortgages to combat these effects.
Yesterday the Financial Times reported a record rise to Buy To Let rates. According to the FT, the average 2 year tracker has risen by 0.2 percentage points to reach 2.43% since the hike on 2nd November. This is the largest increase recorded on the website moneyfacts.co.uk.
Forecasts of further gloom follow in the wake of the criteria changes for portfolio landlords, on top of increased taxation due to ‘Section 24’ and the removal of mortgage relief, and the 3% hike to stamp duty on new property purchases.
To offset these effects, and to avoid getting caught up in further increases to mortgage interest rates, we recommend speaking to an expert now.
We work with a excellent independent Mortgage Broker that specialises in both Buy To Let and residential mortgages, and who has access to the very best rates available on the market today.
Not only that, our Mortgage Broker has a fantastic limited time only offer exclusively for customers of Dwell Leeds!
If you would like to arrange a FREE consultation and to see how you could benefit, request a call back now
