5 Reasons to Embrace Buy to Let in the Wake of Section 24!
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So, you're letting your property? Now is the time. Take advantage of that summer market whilst you still can. What's that you say? Property available in November? Well get marketing. Now. Because whilst there are stragglers around from the busy summer period you will do very well, despite your property being available in what is usually a slow time of the year. How does that work? Simples... August is the busiest month in lettings. This has always been the case. After that there are some stragglers left over in September, snapping up anything that is left. Even properties with move dates far in advance are taken, simply because they can't rely on anything else coming on to the market. You know the student saying "if you leave it to late EVERYTHING will be gone." Not true of course, there will be plenty of greedy landlords with sky high prices, but nobody rents those. Well-priced, well-presented properties let. Beds in sheds do not. Regardless of
Well if there is one bit of good news that came out of this Covid-19 Pandemic it's the sheer amount of help displayed from the government to assist those in need. We all know by now the extent of the grants and breaks for most of those in the economy, now the housing market needs a push. Estate agents are rejoicing in easy sales now as with the axe of stamp duty up to £500,000 it certainly means a considerable cash discount on purchasing a (next) home. Imagine not having to fork out with the £15,000 required on a £500,000 purchase price certainly makes a considerable difference! And for investors? Sadly the 3% surcharge still remains... However there's still savings to be had of course, on £500,000 we are also saving that £15,000, so still less money to park in the "deal" upfront. This can only be a good thing. Forever? Well the key question is of course, how long will this last? At the moment details such as that remain unclear, so should we all rush to buy now? We
Not a day goes by without people saying that they would love to invest in property. Of course, I hear this all the time because property is what I eat, sleep and breathe regularly! Little do people know that being a full-time investors does come with its perils. I'm quite hands-on and I self-manage - admittedly because I've been doing this for over a decade it doesn't require a lot of time from my part, but sometimes I do have to jump in the car and see things with my own eyes. This was no exception. I've put together a little video for your viewing pleasure to depict "A day in the life of..." A little bit light-hearted and gives some insight into the reflection I have to do with the information I receive from various sources... and yes, a lot of traffic! Enjoy! Click the preview below or this link to start the video . Remember if you are looking to step into property investment, be it part-time or full-time do reach out to me. Happy to help of cou