To let London: Get the facts right
In the current real estate scenario, professional property investors are having a ball
. In spite of the fact that the present situation is one of turbulence and unpredictability, the advantage to let London investors have in this case is that they can buy properties according to their preference.Let's face it, at the time of the property boom, there were thousands of individuals who had hopped on to the bandwagon in high hopes that just because they have put their money in the real estate market, they would be able to multiply it. And this had also worked! Believe it or not, but many people who had overpaid for property that was not even worth half the price had also been able to drive profits, simply because the market was on a high. However, as soon as the prices bottomed, everyone was in shock, and only the wise ones were able to steer clear of the trouble. This is something everybody needs to take lesson from don't invest in to let London properties unless you have a concrete strategy backing your investment.
In case you are looking forward to buying a property in the near future, you need to do some heavy number crunching. The lending criteria has undergone a sea change, and lenders are looking for a minimum 25-30% deposit amount. In simple words, you need to prove to your lender that you are capable of covering void periods, insurance and maintenance.
In the UK market, there are many letting agents that can guide you towards the best to let London property options that would yield you the best returns, since they are the specialists in this field. It's best that you should take professional advice so that you do not falter. After all you are investing only because you expect decent returns. Why then, should you risk it?
To let London: Get the facts right
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