Sound Advice With A Good Return
Residential Buy to Let remains a great investment – but it is essential to take professional advice before starting out.
Nearly one in five homes in the UK are currently privately let, with government estimates pointing to that figure rising to one in three by 2032. Forty-five per cent of homes bought for buy-to-let in the last year were to ‘amateur landlords’, with the first time buy-to-let investors aged 45.
There is good news regarding yields, with residential rents in the East of England rising by 12.5 per cent in the year to April 2015 – the biggest increase in the UK, higher even than London.
Buy to Let remains a very popular form of investment in an era of very low bank interest rates. Get it right, and it can give an excellent return. But there are many pitfalls for the inexperienced, which is why it is so important to take proper advice before taking the plunge.
Arnolds Keys’ specialist Residential Lettings team can offer advice on everything from financing the purchase, the tax implications, how to structure a tenancy agreement and what kind of property makes the best investment.