Buy-to-let market holding firm

2015 has seen the buy-to-let market boom

with people seeing this as a potentially good return on their investment. A recent report shows the market looks set to continue to grow although at a reduced pace but in general is holding firm. Where to invest is a question always being asked, the report shows that Manchester, Hull and the Blackpool area are currently seeing very good growth. This is all due to reasonable house prices compared with the South of England and an increased demand for rental property.

Buy-to-let mortgages expand

This year has seen a huge increase of buy-to-let mortgage deals on offer with lenders seeing this type of lending to be their largest growth area. Our advisers report that new products are coming onto the market on a daily basis which can only mean good news for the borrower. One of our regular clients commented “it is more important than ever before to get professional advice as it is almost impossible to keep pace with all the changes”.

Increasing your profits

We are seeing a boom in the buy-to-let market right across the UK and there are no signs of it decreasing. With more couples looking for quality rental properties growing day by day landlords are reaping the rewards of their sound investment. Currently all is in favour of the investor which includes very low mortgage interest rates and rising rental income. As landlords will know it’s not all plain sailing and expenses have to be carefully monitored to maximise profitability. Tax efficiency is very important when it comes to profit and loss and you can claim against many day-to-day expenses listed below.

Buy-to-let market strengthens

Times are hard for first time buyers at present which has strengthened the buy-to-let market even more. Young couples and first time buyers looking to join the property ladder could be in for a very long wait. Figures just released this week are showing that a combined salary of £41500 is required on average to enter the property market. So what is required these days to buy a new property is almost twice the UK average wage of £22000 per annum and as most people will know that is very difficult.

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2015 has seen the buy-to-let market boom

Buy-to-let mortgages expand

Increasing your profits

Buy-to-let market strengthens

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