There is a huge boom in the buy-to-let market, fuelled by the recent price war (and subsequent reduction) in buy-to-let mortgage rates and rent hikes.
There have been seven consecutive months of rent rises, and London investors have seen an average of 7% investment returns annually. These returns cannot really be matched elsewhere.
There are differences between this buy-to-let boom and the previous one. This time, capital gains in the price of property are not really to be seen, therefore anyone investing at this stage has to be looking at the rental return and take a ten to fifteen year view of these investments.
Additionally, there is much more regulation and compliance for a landlord to deal with, particularly if dealing with houses in multiple occupation (HMOs).
Contact our property & conveyancing solicitors in London, Richard McConnell for advice if you are considering such an investment.
