Pro­fes­sional guid­ance on your prop­erty in­vest­ment

Harefield Gazette - - PROPERTY -

AL­READY en­joy­ing a busier-than-ever start to the new year, Lakin & Co has been in­un­dated with en­quiries from new land­lords look­ing to in­vest in prop­erty.

If you are also con­sid­er­ing in­vest­ing in prop­erty then there are a num­ber of ba­sic points as a dili­gent buy-to-let land­lord you should con­sider be­fore tak­ing the plunge and putting your money into bricks and mor­tar. Of course, it’s also im­por­tant to have an idea of what to look out for in the year ahead, ac­cord­ing to the team at Lakin & Co.

Re­search is key to any suc­cess­ful in­vest­ment and Lakin & Co as­sists and guides many clients daily to help them de­cide which rental prop­erty would work best for them, whether they are buy­ing their first rental prop­erty or an­other to add to an ex­ist­ing port­fo­lio.

Lakin & Co’s ex­pe­ri­enced team know how to point buy­ers in the right di­rec­tion and help to make the most of their prop­erty in­vest­ment.

From pro­vid­ing each client with hon­est, ac­cu­rate ad­vice on the rental fig­ure they’re likely to achieve, what level of de­mand could be ex­pected and their tar­get mar­ket, Lakin & Co is al­ways on hand to best ad­vise.

Many of Lakin & Co’s clients use their rec­om­mended in­de­pen­dent and whole of mar­ket mort­gage bro­ker to help se­cure the best mort­gage prod­uct for them, en­sur­ing their profit is max­imised. Get­ting this right at the start will pave the way to suc­cess.

There are changes ahead for land­lords with the Chan­cel­lor Ge­orge Os­borne an­nounc­ing new plans in last year’s au­tumn state­ment which will af­fect buy­ers who al­ready own one or more res­i­den­tial prop­er­ties look­ing to pur­chase a se­cond home or a buy-to-let in­vest­ment.

Land­lords will be hit with a 3% sur­charge from April 1, a mea­sure which is in­tended to of­fer more sup­port to first-time buy­ers look­ing for af­ford­able hous­ing so­lu­tions.

“In­vestors will now need to fac­tor this ex­tra cost into their bud­get, and while this has been seen as an­other ploy to tax land­lords, the

IN­VEST­MENT AD­VICE:

Lakin & Co has been deal­ing with a flood of en­quiries from new land­lords since the start of the new year.

govern­ment’s rea­son­ing is that it will help strug­gling first-time buy­ers com­pete with in­vestors,” said di­rec­tor Chris Lakin.

“Nat­u­rally what we are likely to see is a surge of in­vestors come for­ward in at­tempt to buy be­fore the April dead­line in or­der to avoid the ad­di­tional cost, this is will in turn make find­ing the right prop­erty even more dif­fi­cult in a mar­ket al­ready suf­fer­ing from a short­age of af­ford­able prop­er­ties.”

If you are con­sid­er­ing in­vest­ing in prop­erty then call 01895 544 555 to talk to one of the ex­pe­ri­enced team mem­bers and see how Lakin & Co can help you find the right in­vest­ment prop­erty.

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