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A common reason for a property deal to stall or to move forward sluggishly is because someone hasn’t done their homework.
It may be simple to make advantageous connections, but turning those contacts into truly beneficial relationships takes time.
HMOs (Houses with Multiple Occupancy) are the first choice for many property investors as it’s obviously more lucrative to have multiple incomes for a single property than just one tenant.
When it comes to financing property investments, there are no hard and fast rules. In recent years, there have been many developments when it comes to sourcing finance. The internet has played its part, and there are some creative online options that are increasing in popularity.
In our recent Property Voice podcast in December, we touched on what property investors should look out for in order to protect themselves if a deal turns sour. Not only can sour deals result in great financial loss but they can also have a negative impact on your reputation as a trusted investor so it is wise to do your research and check the credentials of your deal sourcer before you do the deal.
Investors make decisions emotionally
Intangible benefits are often what persuade people. They may not realise it, but they’re making a decision based on an emotion or feeling rather than a factual thought process.
The Property Investment Lifecycle – Acquiring Property
The first thing property investors should know is that buy-to-let lenders typically want rent to cover 125% of the mortgage repayments. The second thing is that you can only borrow 75% of the property’s value, and many lenders are now demanding even larger deposits.
Property hot spots are areas which experts forecast to be potentially lucrative for investment in the near future. But how do we know which area is a likely to give us the best return on our investment?
In his Autumn Statement, the Chancellor's announcement of a 3% stamp duty levy on non-primary residences took many by surprise. The charge, which will mainly impact buy-to-let investors and those looking to purchase second homes, comes into effect from April 2016 and is set to raise almost £1billion for the Treasury.