Year: 2014

Research, by BDRC Continental on behalf of BM Solutions, discovered that some landlords are earning twice as much as the average UK salary.

Currently, the average salary in the UK is £27,174, but landlords are exceeding this amount per year with a yearly income of £60,000.

The average landlord has a portfolio of eight or nine properties, achieving this annual wage, which has a total value of about £1.2 million.

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There are many good reasons why buying for offspring during their student years makes sense. For most parents it will be to ensure their children have somewhere to call home for the duration of their studies, avoiding the annual clamour for rental flats and to subsidise living costs. A student in rental accommodation for 4 years in Edinburgh will pay, on average, a total rent of £19,200. We have recently sourced and advised on the purchase detailed below.
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• Between March and May, the number of homes sold across Edinburgh, the Lothian’s and Fife rose by 43% annually. The number of homes coming onto the market rose by 11% over the same period.
• House prices rose in most areas of East Central Scotland, with the average house price in Edinburgh up 2.9% annually at £212,431.
• Almost 60% of homes sold in the Capital achieved or exceeded their valuation – the highest level since Home Reports were introduced.
• Selling times have quickened, with the median selling time across East Central Scotland falling from 12 weeks to just under seven weeks.
• The majority of sellers are now choosing to market their homes at Offers Over rather than at Fixed Price or Offers Around.

Buy to let interest only mortgage. 75 % loan to value, fixed for 2 years at 3.99 % then variable rate of 5.35 % thereafter with 5.2 % APR overall cost for comparison. An early repayment charge applies during the fixed rate period. There are no booking or arrangement fees with this product. Other fees may apply. As an example a £150,000 purchase with a £112,500 loan would cost £374.06 per month. For further details contact ourselves or Paul Demarco at ESPC Mortgages.

Are you interested in investing in property but dont’ know where to start? Then come along to an informal information evening in Glasgow on the 27th February. The event is being run by Letfirstand we will be in attendance to answer questions you may have. Should be a great evening so do come along. I am certainly looking forward to discussing property investment with other investors and would be investors. Full details here.