When it comes to investing your money wisely, there is no shortage of options but what investment is the best opportunity for you. If you are thinking about a buy to let investment in West Berkshire, we can help you. While the availability of buy to let mortgages are not as free and as widely available as they used to be, there are still opportunities to obtain a specific buy to let mortgage. Given that buying a property to let provides short term and long term benefits, it is easy to see why so many people are keen to look into this market and whether it is a good idea.
There is a great diversity of rental properties in West Berkshire. A look at available rental properties in West Berkshire at the start of November 2015 indicates that properties are on the market that are available from £275 per calendar month through to £3,275 per calendar month. This suggests that there is a broad scope in the rental market place and regardless of your budget you have or what level of income you are looking to bring in, there will be a property that suits your needs.
The fact that it has become increasingly difficult for first time buyers to obtain the funding or finance they need to buy a home is good news for people interested in the buy to let market. It is not as if these people are just deciding to give up on finding a home, it just means that they are taking a greater level of interest in the rental market. People with money behind them that can make an investment in property or who are in a secure financial position that would ensure lenders look upon them favourably can provide a service for these people looking for rented accommodation while benefitting themselves in the short and long term.
Understand the nature of the buy to let market
If you are looking into the buy to let market, it is important that you understand the requirements of being a landlord. It can be a time consuming role and it can be a difficult role. Many people decide to call on the services of a professional management company to help them. This will see you receive a smaller level of income but it will make your life a lot easier.
It may be that your interest in this market is less to do with being a landlord but with the return you will receive on your investment. Investing in property in West Berkshire provides short and long term benefits, which offer more than a standard investment. There is also a reasonable level of confidence that the value of your property in the local area is going to rise. This is good with respect to maintaining the value of your home but it is also good because it will ensure that many people find difficulty in obtaining finance that is suitable enough to buy a property. This is unfortunate for any potential buyers but when it comes to the buy to let market, it is a situation that will ensure there is a demand for property in the market.
For further details on Buy to Let, contact our Residential Lettings department at our Basingstoke Town Centre office on: 01256 807 111
