With the continuation of 0.5% base rate many investors, new and existing, will be benefiting from taking out a new deal at a low rate or reverting to their typical Standard Variable Rates. Unfortunately these are still tough times for the ‘Buy to Let’ sector and taking out new mortgage deals can prove much more costly when compared to residential deals currently on the market. Investments plans made relying on capital growth are sure to fall foul in this current economic climate.
Those investors who are willing to accept that the property value might waiver over the next few years but are concentrating on rental yield and ready to commit to the full mortgage term may recognise a good long-term investment. However, even for those with the largest of deposits, the associated higher fees of dealing with rental property and maintenance costs continue to squeeze the affordability of would-be landlords to take on the risk of a ‘Buy to Let’ property.
But there are other ways of increasing your rent to help navigate these extra costs incurred and one of these ways is acknowledging the ever increasing demand for properties for students, read more…http://www.housetrade.co.uk/news-article/Let-Students-Pay-Your-‘Buy-To-Let’