Currently viewing the tag: "rental property portfolios"
UK Buy-To-Let Property Returns Better Than Fixed Rate ISA’s

UK Buy-To-Let Property Returns Better Than Fixed Rate ISA’s

UK Property Investment Offers Better Returns Than Fixed Rate ISA’s

UK investors are putting even more of their money into property investments rather than saving using an ISA because the returns can be far better.

UK property values have increased 11% year on year despite the property crash in 2008, however, the best fixed rate ISA offered by UK banks only offers savers an annual return equal to 1.85%.

The rise in UK property prices has caught the attention of diverse investors who would usually opt for different types of investment products to give them good  returns on their investment funds.

Property investment in the UK’s private rented sector allows investors to build profitable rental portfolios that produce better yields than other types of investment funds, including ISA’s.

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More Auction Action For Property InvestorsEasier Access To Finance Increases The Number
Of Property Auction Purchases

There has been a sharp rise in the number of property investors snapping up property at auction and the reason has been credited to easier access to finance, as lenders report significant growth in lending, surpassing pre-property crash levels.

The number of properties sold at auction is booming as property investors seek to build rental property portfolios below market value (BMV), without breaking the bank.

There has been a huge increase in the number of loans that have been financed by specialist lenders over the past 12 months, with average loans increasing by more than 22% according to property finance lender, Auction Finance Limited.

The news comes as the latest Essential Information Group (EIG) figures show a seven year high for UK’s auction houses, with lots sold in October 2013 up by 30% compared to October 2012. These record figures have now surpassed pre-recession auction house transactions.

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UK PRS Tenant Demand Increases Again

UK PRS Tenant Demand Increases Again

There was good news for UK property investors and buy-to-let landlords who are looking to expand their rental property portfolios, as it has been reported that the number of new applicants seeking to rent PRS properties in March increased by 21% from the number of applicants seen in February.

Tenant demand continues to outstrip supply as the number of residential properties available to rent only increased by 5%.

According to Sequence, who are part of the Connells group, average rents for March 2013 were £704 (GBP), unchanged from February.

London rents averaged £1,375 (GBP), almost twice the national average.

The number of agreed new tenancies was up 13% on the previous month, and up 19% on 2012, reflecting the strong current rental preferences and tenant demand.

Spareroom.com reported that flat sharers are paying nearly 7% more than they were a year ago, with rent for a double room including bills now averaging £497 (GBP) per month compared with just £465 (GBP) a year ago.

In London, average room rents are £660 (GBP) per month, 20% higher than they were in 2011.

Matt Hutchings, Director of Spareroom said: “The fact that room rents are rising at a rate well above inflation is worrying. The bright side is that at least there is not the added cost of utility bills to factor in. All inclusive is a silver lining in an increasingly bleak rental market.”

Buy to let landlords and property investors are extremely confident about the UK rental market, with high levels of tenant demand, strong rental yields and low void periods.

A survey by specialist mortgage lender Paragon also showed that landlords are more positive about the availability of buy-to-let mortgages, with 32% saying they thought finance was reasonably available.

Paragon said that landlords with small portfolios and new property investors just starting out in buy-to-let are finding it easier to get mortgage finance than professional landlords with large rental property portfolios.

March 2013 Sees PRS Rents up by 0.5%

UK PRS Rents Increase Again

UK PRS Rents Increase Again

UK private rented sector (PRS) rents increased for the first time in five months in March 2013, led by busy regions such as London, according to LSL Property Services. 

The latest figures reveal that average monthly PRS rents rose by 0.5% in March compared with February to reach an average of £735 (GBP). 

London private sector rents surged to a new average high of £1,106 (GBP) per month, following a 1.3% month-on-month increase.

The study, which has been running for five years, is based on rents achieved on 18,000 UK PRS rental properties, show that average rents in the capital are now £81 (GBP) higher year-on-year.

However, the increase in rents has left a greater number of tenants struggling to keep up.

Tenants’ finances worsened to levels not seen since before Christmas 2012, with 8.5% of all rent late or unpaid in March, compared with 7.4% in February.

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The latest data published by the Association of Residential Letting Agents (ARLA) has revealed another upward trend in landlord investment and property portfolio building, despite the poor availability of adequate Buy-To-Let mortgages.

The number of UK PRS rental properties owned by landlords increased from seven at the beginning of 2012 to 8 in the final quarter of 2012, with on average, at least 1 of these properties being a HMO.

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