West Hampstead Property Sales Prices

To take much of the guesswork out of your consideration about whether a particular property is a good investment, you can check on the actual selling price of similar homes in the neighborhood.

Some sales information, such as the selling price, the financing terms, and the transaction dates, is public information.

We have record of all recent sales.

You can find out how properties have been appreciating, based on actual sales, rather than from the neighbours (they could be wrong!).

Driving by comparable homes can give you an idea about how they compare with the property you are considering.

We can give you additional information to help you make a decision.

First Time Buyers

London Property Investment

Quite apart from searching for a property, you want to know about an area and its amenities. To plan your personal finance, the first question is, with expert property investment advice, to work out how much you can afford. You need to know the ropes – and that is where we can help.

Searching for investment property can be daunting, So why not allow us to keep you up to date with changes in the London market and fresh properties coming to the market.

Buy-To-Let Mortgage Rates

There are more than 200,000 amateur landlords in the UK and although the market has slowed because of rising house prices and interest rates, those with sufficiently large deposits ‘typically 20%-25%’ can still earn a respectable yield from the rental income.

Deposits generally need to be larger in today?s market otherwise the rent will not usually be sufficient to cover the mortgage interest and satisfy the lender?s requirements.

Investment mortgages used to be 1%-2% more expensive than standard residential deals but since the inception of specialist buy-to-let products the rates have plummeted. The best buy-to-let deals are now cheaper than many ordinary residential loans.

Lenders generally demand that the rental yield being able to cover the mortgage interest, plus approximately 20% as a safety buffer for both you and the lender. However, some lenders have relaxed this criterea and now only insist that the rental income will cover 100% of the mortgage interest, although to qualify you will generally need a larger deposit. Affordability is not worked out on a capital and repayment basis – the sums are done on an interest-only basis. This means that it is up to you whether or not you make any provision to pay off the mortgage capital.

Technically, all you need is a deposit of as little as 15%-25% and, as long as the potential rent is deemed to be sufficient, you can buy your investment property.

However, buying-to-let in London should not be regarded as a short-term bet but should be entered into with a medium to long-term view.