There’s no doubt it’s been a turbulent year with some drastic fluctuations in the property market due to the global pandemic. We’ve seen the sudden cessation of activity due to lockdown followed by a buoyant recovery. But when it comes to affordability, what hasn’t changed has...
Generally, leasehold agreements apply to flats. However, in recent years, some developers have been selling new build properties as leaseholds. We look at why investing in leasehold new builds should be avoided. What is a leasehold? When you own the freehold to a property, you own the building...
Investing in property is all about unlocking potential. When you’re seeking out properties, these are some of the factors that can help you add value and transform an underperforming property into a profitable investment. Can you add a storey or an extension? This month, new laws come into...
An assisted sale is when you flip a property without owning it. For example, the vendor has not been able to sell their property because it’s in poor condition. The investor pays to refurbish the property and then markets the property for sale. In an assisted...
The current ban on evictions, put in place as a result of the coronavirus pandemic, was due to come to an end on 23 August 2020 but the government has decided to extend it to 20 September 2020. In Scotland, the government has already extended a...
If you have more time than cash, deal sourcing is a great way to make money from property investment – and learn a lot at the same time. If you’re an experienced property investor, it’s a way to use your knowledge to boost your income. And...
HMOs (house in multiple occupation or house of multiple occupancy) have long been a popular property investment strategy because of their high rental yields. But are they still a good investment for income? Why HMOs work You can still achieve enviable rental yields from HMOs because the demand...
As further restrictions are eased, more statistics are emerging on the effect of lockdown on the property market. Previous forecasts had tended to be pessimistic; however, the reality has proved to be not quite as gloomy. Revised estimates more optimistic In April, property website Zoopla predicted more than...
The Government has introduced new laws to come into effect by September that will essentially relax many current planning rules. For property investors, these new regulations will bring opportunities to redevelop properties, change their usage or demolish to replace with new homes. Adding stories to properties A significant...
In a bid to give the housing market a boost, the Chancellor announced a stamp duty cut in England and Northern Ireland. This means buyers will now only have to pay stamp duty on properties above £500,000. Previously, the stamp duty threshold was £125,000, so this...