Buy-to-Let Property London
A Buy-to-Let property is an income-producing residential investment, with potential for making a capital gain when the property is sold. An investor buys a property either off-plan or immediately available and makes money on their investment by renting out the property in the short term, with the long term goal of making a profit on the property when they eventually sell it. Buy-to-Let property is generally seen as a stable, medium to long term, low-risk investment and has become a very popular income generating scheme for many in the UK.
Featured Buy-to-Let Developments for Sale
Silver Works
Marine Wharf East
Harbour Central
Orchard Wharf
Contact us now for free advice about our Buy-to-Let properties for sale
What to Consider When Making a Buy-to-Let Investment
There are two key factors to look for when making a Buy-to-Let purchase in order to achieve maximum value on your investment.
Invest in a ‘promising’ area that:
- Holds good potential for capital growth.
- Contains a strong rental catchment – particularly commuter zones with excellent transport connections, amenities and educational facilities.
Galliard has identified the best locations for return on investment as ‘regenerating’ areas.
Similarly, in 1997, Galliard helped to transform car parks and derelict warehouses adjacent to Butler’s Wharf into a premier riverside postcode, with schemes such as Spice Quay Heights, Tea Trade Wharf and Cayenne Court. We were able to spot the potential of these sites and, once again, we passed on a great opportunity to invest with us and achieve capital growth.
Orchard Wharf is Galliard’s brand new, mixed-use development in the Docklands. It will have an outstanding assortment of 338 one, two and three bedroom apartments, duplexes and penthouses, which will be up to 600 sq.ft. Many of the rooms will also benefit from dual-aspect views of the City.
Residents will only have a five minute stroll to East India DLR station and a two minute journey to Canning Town and from there a four minute service to Canary Wharf, which will open up across London and the Home Counties in just two years’ time.
- You can earn income while your property is increasing in value.
- London’s rental market is booming; there is an ever growing demand for rental property due to population growth and affordability constraints in the housing market.
- There are now 4.8m people renting in Britain, compared to 2.5 million 10 years ago. A special report into the rental market by Savills concluded that “Rental Britain is here to stay”.
- Rents are rising due to disproportionate supply vs demand for London property.
- Galliard Homes has a proven track record of building in ‘regenerating’ areas which hold huge potential for capital growth.
Ideal for those with a large deposit, but unable to buy their property outright; a Buy-to-Let mortgage allows investors to buy or re-finance property that they would rent out to tenants. Whereas residential mortgages calculate eligibility according to the borrower’s salary, Buy-to-Let mortgages operate using a rent to interest (RTI) calculation. This is where the buyer must prove that they will earn enough rental income to cover the interest on the mortgage, and typically lenders look for rent that will cover around 125% of the repayments per month. Learn more about Buy-to-Let mortgages.
Even if you have chosen the most popular area of London to purchase your Buy-to-Let property, there may be periods where your property is empty. You will need to contingency plan for times like this, and also unexpected costs such as repairs or a new boiler.
Investing in property has always been considered a fairly stable mid to long-term investment, as renting can earn a good income on a monthly basis and if the property is bought and sold later, it can make a considerable profit, particularly if research has been made into the area, such as transport, education and leisure facilities.
The announcement of Crossrail in 2010, which is a railway line which runs through London and the South East, as well as the Home Counties, has already boosted property values. In January this year, MoneyWise reported that house prices rose 60% in areas that were on the line.
Properties in Hanwell, West Ealing and Acton Mainline averaged a 60% increase due to their inclusion in the Crossrail line; while properties near Tottenham Court Road and Bond Street averaged £1.6 million, an increase of 66%.
To find out more about our Buy-to-Let properties for sale and how we can find the right property for you, contact us now for free advice on 020 7620 1500.
Galliard Homes has launched a number of offers designed for Buy-to-Let investors:
This offer is guaranteed to benefit investors and owner-occupiers alike as all buyers will receive 3% simple interest on their deposit held between exchange and completion at Silver Works in Colindale.
Launched in May, this offer covers Galliard’s developments, Harbour Central and Orchard Wharf, which will be situated in the prestigious E14 postcode. The deals include a 12-month service charge holiday, 0% letting and management agreement (if Buy-to-Let), plus a free furniture package.
Contact us now for free advice on 020 7620 1500.
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Company No: 2158998 Registered Address: Galliard Homes Limited, 3rd Floor, Sterling House, Langston Road, Loughton, IG10 3TS. +44 (0) 20 3411 5330
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