Menu

Month: August 2015

Buy-to-let boom

Following today’s press that landlords are increasingly being offered buy-to-let mortgage deals, as banks look to profit from older savers cashing in their pensions to buy property; Fran Mulhall, Regional Operations Manager for GFW Letting, urges would be landlords to speak with a knowledgeable agent or financial advisor.

According to Moneyfacts, there are now more than 1,000 buy-to-let products on the market for the first time since April 2008. The rise has been attributed to the new pension freedoms introduced in April, which allow savers unlimited access to their funds. “It is important that landlords understand the potential impact of the planned changes to tax in relation to their property investment,” says Mulhall.

For more information about this discussion you can contact Fran direct on: franmulhall@gfwletting.co.uk.

Read today’s Daily Telegraph article ‘Buy-to-let boom as banks profit from savers cashing in pensions’ here: http://bit.ly/1fFOh5c

 

 

 

Empty Rural Holiday Homes Key to Meeting North East Rental Demand

North East property rental specialists GFW Letting is calling for second home owners across the region to assess whether their using their property assets wisely enough.

Two and three bedroom homes in Northumberland and the Scottish Borders region that are either being used as holiday cottages or are standing empty can generate a sizeable income for owners who should seize current market opportunity and let seasonal properties on an all year round basis.
Lorna Morris, Lettings Manager at GFW Letting, said: “There are many landowners in rural parts of the region that probably have cottages sitting empty for the majority of the year which could generate a good solid income all year round. Holiday cottages in rural settings can bring income in from £400 per calendar month (pcm) up to £700 pcm.

Read More