Whether you are a first time landlord or an experienced investor you might be considering expanding your portfolio of rental property. Despite house prices remaining high and a dramatic year in politics the financial yield from rent remains strong and continues to make property investment one of the best options for financial growth.
We anticipate a continued growth in house prices over the next few years due to the ‘Boris Bounce’ and the uncertainty around Brexit ending. Perhaps now would be a good time to invest before further increases? Mortgage interest rates currently remain low and there are some great mortgage deals for landlords to choose from.
There is little concern when letting a new investment property, with demand for suitable rental properties remaining high and low stock level on the market. Talk to us about the best areas and properties to invest in to ensure you are maximising your rental yield.
One option to consider when purchasing your next investment is searching for a property with a tenant in situ. This removes the uncertainty which you might experience when purchasing a vacant property. Buying a property with a tenant in situ means although the property ownership changes, there is an active tenancy agreement which will not be affected. Why would you purchase a property with a tenant in situ? You’ll have financial security with a tenant paying rent from day one of the completion of the transaction. This means there will be no void period and no council tax to pay!
Prior to making your purchase you will have the opportunity to review the existing tenant’s full rental history to minimise financial risk and ensure the suitability of the tenant. This research will give you the ability to budget knowing the monthly income you will receive and you will not have to worry about searching for a new tenant when you complete on your purchase, knowing in advance your property will continue to be looked after.
If you would like to discuss the availability of investment properties with Watsons please contact our sales team who will be happy to provide advice. Our Lettings Department are also highly experienced with ownership transfers which will make the transfer and ongoing management of the investment stress free.
Norwich: lettings@watsons-property.co.uk or phone 01603 751555
Cromer: nnletting@watsons-property.co.uk or phone 01263 514256
