The London housing market is mature and characterised by high net cost properties in all sectors meaning that buy to let investors should expect to be in it for the long haul. To get worthwhile yields, you should look at your property purchase in London as a “long term investment” and finding the right property to serve your income requirements should be a very careful and detailed process. We provide the expertise and time to make your investment a smooth acquisition and one that pays healthy dividends throughout the lifecycle of your ownership.

 

Ensuring that income comfortably exceeds expenditure will always be the most important consideration in choosing a buy to let London property. Finance repayments, agent’s fees, building service/maintenance charges and myriad of other expenses can eat into profits and make that initial ‘sure thing’ look like an expensive also-ran. Plotting a course through the minefield of buy-to-let options, London Property Finders will work with you to establish your best opportunity for business development. It is of key importance to ensure that rental income exceeds annual outgoings including finance repayments, agent’s fees and building service/maintenance charge while also taking into consideration property purchase costs, cost to furnish and initial repairs. Selling costs and capital gains tax liability should also be factored in and we can help assess all these variables at all times in the process from initial consultation.

• Location is absolutely key to a property’s income potential.
• What type of tenant will rent your property? Does this property serve their needs?
• All tenants will want easy access to central London. The property should ideally be located no more than 5-8 minutes walk from a tube station.
• Condition – “The heart feels what the eye sees”… so make sure to present your buy to let London investment as a desirable home. Make it easy for any prospective tenant to feel like they would like to live there and take this into account when you are making your purchase.
• Treat with caution what the selling agent is suggesting as a rental value. It may be wildly over optimistic. Remember, it’s the selling agent’s job to get the best possible price.
• Under the system of Caveat Emptor, it’s the buyers’ responsibility to fully research purchases. This includes a detailed review of agents to establish the true rental price level of a property before purchase.
• Is there a market for your product? Buy properties where there is a suitable type of tenant.

Consider buying a top quality apartment in areas known to attract blue chip international companies keen to appease their employees or buy properties suitable for students in areas close to or with good links to universities.
Complete our call back form and we will get in touch to discuss your requirements.

 

• Greater London Authority, “London housing market report”
• Greater London Authority, “Housing in London annual report”
• Office for National Statistics, “Private rent and house prices, UK”
• GOV.UK, “UK House Price Index reports”
• Savills UK, “Residential Property Market Forecasts”