Much is being made by the press of the returns available from renting residential property. UK Agent Countrywide has put returns at between 5.6% and 6.8% in a survey of 50,000 UK properties.
This is coupled with the chance of gains in property values (the most recent Land Registry figures showed house prices in South Gloucestershire rising at a rate of 1.4% per annum).
At Country Property we can help you add to your letting portfolio by working with our sales team to identify suitable properties.
We provide a full range of advice and assistance for those considering a buy-to-let or let-to-buy investment including a full market appraisal identifying likely income, any initial works needed and potential for further investment to increase rental return.
After initial confusion following the announcement of a £5.4bn boost to the housing market in the Chancellor of the Exchequer’s Budget Statement on 20 March 2013, HM Treasury has issued further guidance which makes it clear that the scheme is not available for buy-to-let properties as ‘Help to Buy will only be available on properties which are occupied by the individual or individuals taking out the mortgage’.
We have not seen guidance on whether someone buying a property through the scheme could rent out part of the property and there is further debate with a Treasury Committee report raising further concerns about how the scheme would operate.
The scheme is due to launch in 2014.
Country Property we are members of The Property Ombudsman Letting scheme and our client accounts are regularly independently audited by RICS to add peace of mind that your funds are secure.