Many of you would have already been using the satellite mapping tool for researching your area of investment. For those who have not had the chance to explore the program in the capacity of a property investor, we thought we would highlight handful of ways that it can be of use to assist both your acquisition and management business: Spend some time looking at the surrounding area – a good investment property will be located close to shops, a post office, supermarkets, GP, dentist, chemists, entertainment, parks and other useful amenities; Bear in mind that, generally speaking, if you see that the property is remotely located the rental yield (but not necessarily the value) will be less; Although proximity to transport should be looked at positively – be slightly weary of properties that are close to railway tracks and bus-stops; … [Read More]
Buying New Build Property With much discussion/speculation about whether the market is taking a turn for the better – many investors are reverting back to the potential of new build property as a strategy. Please see our latest guide which discusses the following: the recent history of new builds; current lending practices; the pros/cons of buying new build property; essential due diligence steps that need to be taken. Members can click on the following link to get direct access: Buying New Build Property. Alternatively, it can accessed at the top of the ‘Property Buyers Toolkit’ via the Property Investor Hub.
Please see our interview with Buy To Let finance expert and mortgage broker – Mike Fisher (Landlord Finance) – who kindly took the time out of his busy schedule to answer some questions: “With recent reports of upward house price movements, is the mortgage market reflecting the positive news or are lenders still taking a bearish view?” Lenders are still very cautious regarding property prices and the current mortgage market very much reflects this. My belief is that it may take about 12 months of continuous reports of house price increases and/or stability before the lenders relax their attitudes and take a more positive approach. Saying that, investors are currently able to cherry pick some excellent deals and, if you find the right one, we are sure we can find you the right product. “It’s been some 6 months that … [Read More]
Provided you are a member of the ‘Property Investor Hub’, you can access this month’s factsheet by clicking here. Some interesting information pointing to general improvements across many areas of the economy (unemployment, debt levels and bankruptcies have all decreased compared to last month). Whether this is this a short term blip or sign the the UK is on the way to recovery remains to be seen.
You may remember reading part 1 of our blog posts on viewing a property – part 2 lists some of the most important defects that you should look out for when visiting properties as well as potential ways to get the issues resolved: Roof sagging – generally points to problems in the support of the property and not necessarily a serious problem. Ask questions (as best you can) about how long the sagging has been going on for and refer to a roofing specialist for an opinion if in doubt. Hairline cracks over windows and doors – this is a very common default, particularly in older properties, and can often occur as a result of years of window and door movement (sorted by plastering). Walls undulating (forming waves) – this generally means that the foundations are moving or have moved … [Read More]
The ever-increasing popularity of ‘Linked-in’ as a networking tool has taken the business world by storm. Founded in 2003, it has grown to be one of the most well known professional networks on the web with over 40 million members (and rising rapidly). Here at the Property Investor Hub and PS Investor Services, we are actively encouraging our members to join the site and make use of the countless services it offers that will serve to aid your property business. For this reason, we have produced a free guide entitled ‘Linked-in for Property Investors’ – in it, we discuss the following: – An introduction to ‘Linked-in’; – Why, as a property investor, you should be on ‘Linked-in’; – Other features that property investors may find of interest; – ‘Do nots’ when using ‘Linked-in’; – How to get started. If you … [Read More]