5 Events That Took UK’s Property Investment Market By Storm in 2017

Britain’s decision to vote for bidding adieu to The European Union took the buy-to-let property market by storm in 2017. There was a lot of chaos among all home buyers and sellers. They didn’t know what to do? They decided to quit the deal under-process for taking care of their financial interests. On the other hand, many investors grabbed this chaos as a perfect property investment opportunity as property prices fell significantly. They invested and earned huge profit.  

Now the time has changed! A lot has changed in UK’s property investment market. But Brexit has always been an integral part of every discussion among all investors, sellers and market experts. It shows its impact on Pound’s global value also. However, experienced property investment agents in London and other parts of UK managed to deal with it and made profit from their investments.

What Now Then?

According to yesterday’s The Guardian Report, European Union is making strategy to collapse discussion about Britain’s departure, stated Michel Barnier, The European Union’s Chief Brexit Negotiator. This is definitely likely to affect the property investment market in UK in a whole new way. Therefore, property investment agents in London are now suggesting investors to plan their investments accordingly and in advance.

Coming to the point, in addition to Brexit, a number of more factors affected buyers and sellers in UK. For Example:

·     Mr. David Cameron’s, The Then English Prime Minister, resignation brought Pound to its all-time lowest financial value in international market. This fall in the financial value of Pound directly affected UK’s property sector.

·     3% Stamp Duty Hike on investors on purchasing second residential investment propertiesfor sale. This increased their paperwork as well second home investment costs. They had to take some tough calls to safeguard their financial interests and started searching other affordable ways to invest in property.

·        Foreign Investors also started looking for affordable places for investment out of UK.

·        Significant shortage of residential unit supply and increase in demand also showed its impact.

·    The Bank of England introduced new mortgage rules for landlords to take mortgage to invest in property investment opportunities at auctions. This initiative taken by The Bank of England is allowing only eligible landlords/buyers to take out mortgage.

This list is not limited to the events mentioned above. Now both investors and sellers need to think about a number of more things. For example:

·        5% increase in house price growth. This is likely to go up in the time to come.

·   Multiple ways of dealing with effects of European Union’s possibility of successful collapse of discussion about Brexit.

·         A strategy to earn money from your investments if house prices fall.

All experienced property investment agents in London advise both buyers and sellers to take all these factors into consideration while devising an investment strategy that boosts their income.

Final Words:

If you really want to know the ways of turning your property investment into profit generating machine, we have a group of experienced property investment agents in London. Call them right now and they will provide you the best possible solutions for your investment needs.

7 Must Know Things about LHA before Buying a Buy-to-let Property at House Auctions to Be a Landlord

Many people in UK invest in the buy-to-let property to become a landlord. Their objective behind becoming a landlord is to ensure hassle-free money for securing their later part of life. Their property investment becomes successful only when they attend property seminars and learn investment basics.

For example:

·         How to invest in property?

·         The Type of Property Auctions to Attend

·         How to Buy the Best investment Property for Sale at auctions?

·         How to Inspect the Property you are willing to buy?

·         How to take out mortgage for funding property investment?

·         To take out wealth lying in your current residence for buying a second home

They learn a lot about such things prior to attending house auctions for investing in property. This learning process does not end with you becoming a landlord. There are many things you must learn about even after you become a landlord.

LHA (Local Housing Allowance) is one such important thing.

What is it?

This housing benefit is for private LIT (Low Income Tenants) to be able to pay their rent.

Who is Eligible to Claim LHA?

Only private Low Income Tenants requiring help to pay their tenants are eligible to claim LHA.

But What Landlords Need to Know About It?

There are many things that a landlord must be familiar with about LHA

·         Does it help landlords receive rent directly?

·         How is it paid?

·         How much LHA a tenant is eligible to claim?

·         Will younger applicants get different rates?

·         What if your tenant’s LHA claim is suspended?

·         What if your tenant has his/her benefits sanctioned?

·         What other benefits is your private tenant eligible to receive?

So, are thinking about buying a buy-to-let property at London property auctions to be a landlord? Possibly because you have attended property seminars and think you have learned the best investment practices for making profit? Think again!

There are many things that you still need to learn about to be a successful landlord for making profit from your buy-to-let investments.

Call us right now and book your seat for our seminars to learn about LHA in detail.