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Buy-To-Let Cash Buyers Are Becoming More Popular For UK Property Investors

According to an article on This Is Money cash buyers for buy-to-let properties has hit an all time high. In the UK landlords buying homes for cash has increased massively with 61% of buy-to-let properties purchased mortgage-free.

In January 2017 the quantity of landlords and investors buying properties in cash has grown. During this month 61% of Britain’s buy-to-let purchases were mortgage-free according to Countrywide lettings agents.

The Northern areas had the highest amount of buy-to-let cash buyers which dominated the other regions of England, further reflecting the lower house prices in the North of England.

The index provided by Countrywide recorded the percentage of cash buyers on buy-to-let properties in 11 locations. The results showed a variety of figures, but the average for the UK overall came to 61%.

The North West experienced cash buyers making up 70% of the buy-to-let purchases in January, whilst Yorkshire and the Humber followed with a close second of 68%.

The South West and North East has the same percentage of 67%, which is a big contrast to landlords and investors in the South East who mostly rely on mortgages with only 42% of London sales being independently financed. In general, the South East saw 54% of landlords purchasing without a mortgage.

buy to let property investment

When the index started in 2007 there was a record of buy-to-let cash buyers making up only 41% of all buy-to-let property purchases. Countrywide research director, Johnny Morris stated, “On average landlords sell a home once every 17 years. Meaning as prices have increased, a significant amount of wealth has built up in the sector. This is now fuelling cash purchases.”

The figures do not mean that landlords and investors are necessarily getting wealthier, but it may have something to do with the decline in mortgage lending for buy-to-let properties over the recent years. Mortgage lenders for buy-to-lets have put a limit on the number of buy-to-let mortgages you can have. The rates are also increasing and most lenders will ask for a 25% deposit and expect your income to be 125% of the mortgage.

There have also been recent changes in tax legislations to do with buy-to-let properties. For example, the 3% Stamp Duty Land Tax increase in April 2016 and the April 2017 tax relief on mortgage interest limitations.

As the property market continues to fluctuate and Brexit leaves the fate of the country’s economy uncertain, buy-to-let investments still seem to be a popular choice for property investors in the UK.

Visit the Sterling Woodrow Scribd page to read more about property investing.

Credit Control Tips To Get You The Help You Need

Royds Accountancy

Accountants in Eltham
43 Lovelace Green,
Eltham, London,
SE9 1LG
UK
Phone: 020 3488 0529

 

 

When you’re looking for credit control tips, you may be wondering what you can do to make sure your credit stays in shape. Here you’ll get that information and it can help you quite a bit. Good luck with this and keep reading for more.

When you want to buy something nice for your home, you shouldn’t do so with a loan of any kind. For instance, you may be able to afford a big screen television if you get a payday loan, but think about how much extra that will cost you with interest. Not to mention, if you can’t pay it off on time it will probably damage your credit and make it hard for you to get loans in the future. Be smart about these things so you don’t end up spending your money on something you don’t even need.

outsourced payroll service

Take a moment to look around for the best business to get any kind of a loan from. Your credit score will get damaged if you work with a place that doesn’t have your best interests in mind. A good thing to do would be to call to get a quote on the kind of loan you’re trying to get. Always make sure that you don’t hide from a company when you owe them some money. You’re going to want to work on a payment plan of some kind, and that’s why you need to be able to work with their customer service easily.

Now you’re able to tell what you can do when you want to protect your credit. The tips you were give here are going to assist you quite a bit, you just have to be willing to take the time and effort to put the tips to good use. A good outsourced payroll service in London will help take the strain out of doing payroll.

How Small Business Bookkeeping Works

C&C Accountancy and Taxation Services
Accountants in Essex
88 North Street,
Hornchurch, Essex
RM11 1SR
UK
Phone: 01708 471442

 

Working with a small business bookkeeping firms can lead to the success of all types and sizes of businesses. This can be done as they aid and direct the owners of such businesses to increase their growth and maximize fully on the profits. They work hand in hand with the owners and ensure that they are involved in all aspects relating to the business as well as in decision-making matters. For your business to be termed as successful, you then have to walk this business journey with the Business Consulting firms from the start. They also play a great role in helping the business to identify both its major and minor weaknesses as well as its threats.

Most business owners lack the skills and knowledge needed to successfully ensure that the business rises against all obstacles facing them and still ensure they register profits. Thus, the skills of business consultants come in well handy by ensuring that the business growth increases as well as the profits. They also assist business owners to fully satisfy their client’s needs and demands in a more efficiently and effectively manner.

How It Works

The consulting firm comes in handy by learning all about the business at hand. It does this by studying all the factors that affect the business and play a role in how it works, runs and functions. After doing this, it analyzes what needs to be done, added or simply what needs to be scrapped off from its daily running operations. They also monitor the daily progress of the business by fully engaging with the owner of the business, and this provides them a gateway to study and come up with both long term and short term strategies that the business needs to put in place to ensure or guarantee them success. 

 

A business requires the services of such consultants depending on their sizes. For a small business, they may require such services on a temporary basis and also it will take a shorter period as compared to large corporations whom the consulting businesses will require much involvement due to getting to the cause of the situation as well as ascertaining the factors in place. Both large as well as small businesses may require permanent services to ensure that all their activities are closely and fully monitored.

It is quite advisable and wise, for owners of businesses to seek the assistance of a small business consulting services to ensure the success and thriving of their businesses. All that is required of you as the owner need to do is to ensure that you put into action all advice given. If you own a small business, then you should opt for small business consulting services.