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.
Residential rents across the UK rose by 0.9% year to February 2018 compared to 2017 and the average monthly rent is now £759 (when excluding London) an increase of 1.1% year on year. HomeLet's March Rental Index reveals that rents rose in 10 out of the 12 regions covered in the research.
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 sound advice on how to structure tenancy agreements and what kind of property makes the very best investment to offer you the best return.