Guaranteed Rent London | The time to buy is now

Guaranteed Rent London | The time to buy is now

Guaranteed Rent London

Guaranteed Rent London | We’re at the beginning of a multi-year recovery story in the UK property market. But what are the best investments?

Guaranteed Rent London | It increasingly looks as though the UK housing market has hit rock-bottom and is now finding its feet..

It’s not all sweetness and light. Even if the housing market has stopped falling, that’s a long way from suggesting a boom is just around the corner. Most economists expect a slow, muted recovery, with still-high levels of inventory hanging over any upturn.

The improving economic picture aside, this is largely down to the fact that buyer numbers considerably outweigh the amount of homes on the market. While the number of new homes being built is now on the rise, it still won’t be anywhere near enough to meet demand and we expect the problem of insufficient housing stock to be the main driver behind price increases over the next twelve months. Guaranteed Rent London

The cost of renting a home will also rise by two per cent due to an 'acute imbalance between buyer demand and sluggish supply' with new instructions to estate agents close to stagnating. Rent Guarantee Income

 

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Guaranteed Rent London |  It remains to be seen what impact the recently announced increase in capital gains tax for overseas vendors will have on the prime central London market.

The cost of a house is now picking-up right across the country and next year should see more of the same. We expect all areas of the country to see prices increase with London, predictably, recording the biggest rises.

Across the UK, all parts of the country should see prices rise next year. With London seeing the highest rises, the North East and Northern Ireland will experience the lowest rises with prices increasing by five percent and four per cent respectively.

Our top rated property management service comes highly recommended by many homeowners and landlords alike. Contact Guaranteed Rent Income today on 020 8694 8098 to find out more.

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Guaranteed Rent Agreement | Property owners pay £124 less than renters every month

Guaranteed Rent Agreement | Property owners pay £124 less than renters every month

Guaranteed Rent Agreement – Owners are £124 higher off a month compared to renters, in keeping with newest reports.

 

Guaranteed Rent AgreementGuaranteed Rent Agreement | Compared in the past 4yrs the price of renting a home has increased by 18%, analysis by Halifax has revealed.

 

Common monthly prices for a property stood at £645 in December 2013, lower that  the typical figure of £769 for a bought home of a very similar standing.

 

Owning a property and renting it is two different things and with comparison monthly homeownership prices is push and fallen by a 3rd in 2008. Rent Guarantee Income

 

Shopping for is ready to develop into more and more financially attractive, he added, thanks partly to the stability in the house purchaser market. 

 

The property ladder is changing into more accessible as the price of proudly owning a home drops, which implies people now not need as massive a deposit earlier than being able to get a mortgage. Guaranteed Rent Agreement

 

In London the distinction between renting and owning was much more pronounced, with the typical homebuyer paying £188 a month less than the average renter.

 

In December 2008, common monthly costs have been £945, but this figure has now dropped to £645, whereas renting has elevated from £719 to £769 over the same interval of time.

 

A small difference by £6 decrease on monthly rent costs was seen in the Midlands and East Anglia.


Residence purchasing rates are at their highest stage for 5 years, though they still remain effectively below their peak.

 

Guaranteed Rent Agreement | The improved financial outlook, coupled with the greater availability of property, has seen a 15 per cent enhance in the number of house sales in 2013 in comparison with 2012.

 

Average monthly shopping for prices have been lowest in Northern Ireland at £365, while they were at their highest in London (£1,196).

 

Guaranteed Rent is a great way to take advantage of the strong letting market without having to handle the headaches. Contact Guarantee Rent Income today on 020 8694 8098 to find out more.

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Rent Guarantee Insurance for Landlords UK | Mortgage lending up 33% in January

Rent Guarantee Insurance for Landlords UK | Mortgage lending up 33% in January

Rent guarantee insurance for Landlords UK – We seek properties all over England for our guaranteed rent scheme. All properties must be clean, in a good state of repair, fit for human habitation and safe. If they are not we may be able to help you anyway so it is worth giving us a call.

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Rent Guarantee Insurance for Landlords UK | Gross mortgage lending increased by 33 per cent year-on-year in January 2014.

Some £15.5 billion was advanced for loans as buyers returned to the market in their droves, according to figures from the Council of Mortgage Lenders (CML).

Bob Pannell, CML chief economist, was particularly pleased with the average of 70,000 monthly approvals in the final three months of last year, as it represents the strongest return for six years.

The Bank of England has suggested this figure may increase to 90,000 in the second and third quarters of 2014, however, Mr Pannell is not so sure. Rent Guarantee Income

"This would seem to imply property transactions running at an annualised rate of one and a half million or so. We think this may be over-optimistic given the growing anecdotal reports of a shortage of prospective sellers," he added.Rent Guarantee Insurance for Landlords UK

While January's figures were actually eight per cent lower than gross lending in December, seasonal factors – such as it being the first month after Christmas – will have accounted for this.

Rent Guarantee Insurance for Landlords UK | Unlike other schemes for guaranteed rent , we also guarantee you a no void period and we also provide our property management services to you completely free of charge.

 

 

Rent Guarantee Insurance for Landlords UK | House prices need to be closely monitored in the coming months, according to Howard Archer of IHS Global Insight.

Buyer interest is growing across the UK, although he doesn't think it is a serious problem outside of London at the moment, despite the fact market activity across all regions has strengthened.

"[However], a number of recent data and surveys have indicated that the strength in house prices is becoming more widespread," said Mr Archer.

Governor of the Bank of England Mark Carney has already pointed to the boom and bust history of the UK's property market as a cause for concern, but Mr Archer does not think the body will alter interest rates in an effort to "cool" the housing market.

Instead, he thinks changes could be made to the current set-up of Help to Buy.

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Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guarantee Rent Income today on 020 8694 8098 to find out more.

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Letting Agents Guaranteed Rent | Peter Alan estate agency hails ‘second-best ever year’

Letting Agents Guaranteed Rent | Peter Alan estate agency hails 'second-best ever year'

Letting agents guaranteed rent – We think our rent guarantee scheme offers the perfect solution for anyone wanting to make guaranteed money from their property . Contact us today to see if our guaranteed rental income scheme could help you.

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Letting Agents Guaranteed Rent | The biggest chain of estate agents in Wales said it had recorded its second-best ever year in business.

Peter Alan, owned by the Principality Building Society, had a 17% rise in property sales in 2013.

It said the results, the best since the housing market peaked in 2006, were further evidence that the housing market was recovering.

This month the Principality said its pre-tax profits were up £3m to £28.7m, a rise of nearly 12% compared to 2012.  

The building society – the largest in Wales and the sixth biggest UK-wide – said its overall mortgage lending was up by 10.7% last year, taking it to an all-time high of £1.1bn. Guarantee Rent Income

It said the number of sales in 2013 rose 5%, bucking the UK trend. Letting Agents Guaranteed Rent

The figures were partly driven by a 64% increase in sales at its specialist division PA Black, which sells more expensive homes.

Letting Agents Guaranteed Rent | We work closely with our landlords and tenants to deliver the best Guaranteed Rent Services

Letting Agents Guaranteed Rent | The firm said staff numbers rose 10% during the year to 230 across 26 branches, and were now at the level they were before the economic downturn.

This included buying two lettings agencies, Thomas George and Mead, which helped the organisation to a 62% rise in lettings during the year.

Peter Alan has branches in Cardiff, Newport, Swansea and the south Wales valleys as well as one branch in Wrexham.

Managing director Andrew Barry said 2013 had been the second most successful year in Peter Alan's 48-year history.

He said: "This increase is testament to growing consumer confidence in the housing market and to the work undertaken behind the scenes to prepare the business for this upturn which has seen significant investment over the last three years."

Principality Building Society group chief executive officer Graeme Yorston said: "While it is encouraging to see house sales and mortgage products performing so well at present, we approach the future with a sense of cautious optimism as there remain a number of hurdles which the UK economy will need to overcome."

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Guaranteed Rental Scheme | UK economy to grow by 2.5% this year, says NIESR

Guaranteed Rental Scheme | UK economy to grow by 2.5% this year, says NIESR

Guaranteed rental scheme – Most of our landlords use our guaranteed rental income scheme. We have our own list of tenants waiting to move into properties. But just in case there is a void period, should happen, and for some reason your property should be without a tenant, we offer a rent guarantee scheme.

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Guaranteed Rental Scheme |  The UK economy will grow by 2.5% this year and 2.1% in 2015, the National Institute of Social and Economic Research (NIESR) has forecast.

The think tank said the UK's economic recovery had become "entrenched".

The estimates are broadly in line with those of other forecasters, including the UK's Office for Budget Responsibility.

NIESR also said it expected the unemployment rate to fall below 7% before the end of the year. Guarantee Rent Scheme

Jobless figures released last month showed that the unemployment rate fell to 7.1% in the three months to November.

Last year, the Bank of England said it would consider raising interest rates from their current historic lows if the unemployment rate fell below the 7% threshold, though it has since played down expectations of rate rises in the near future.

NIESR's forecast follows similar raised UK growth forecasts from the International Monetary Fund (IMF) and the Organisation for Economic Co-operation and Development (OECD), which are also increasingly optimistic about the UK's economic prospects.

Guaranteed Rental Scheme | We treat the properties on our guaranteed rent scheme as our own

Guaranteed Rental Scheme | 'Remarkable performance' * Falling unemployment and rising house prices have helped to encourage consumers to spend more, fuelling the recovery. Guaranteed Rental Scheme

More sluggish sectors of the economy such as construction are also now showing signs of strengthening.

But concerns remain – particularly levels of business investment, which remain low, and stagnant wage growth which means prices are continuing to rise faster than many people's salaries.

"The UK's economic recovery is entrenched," the NIESR said in a statement. "Above trend growth returned in 2013, while the remarkable performance of the labour market persists."

"We expect consumer spending to remain the key driver of recovery in 2014 and 2015, supported by continued buoyancy in the housing market."

It added that the rapid fall in unemployment seen in recent months had "raised questions over the credibility" of the Bank of England's forward guidance, which saw 7% unemployment as an important threshold.

NIESR said it was forecasting a rise in interest rates as early as the second quarter of 2015, though this is expected to be a year after the 7% threshold is breached.

The Bank of England opted to keep its benchmark interest rate unchanged at 0.5% again on Thursday. The rate has been at the historic low since March 2009.

Wage growth

Martin Dougal, senior partner at KPMG, told the BBC: "I think we have had a number of months now with good economic news coming through and there is generally an increase in business confidence, in consumer spending, and in growth we are seeing across the country.

"That is now beginning to feed through to employment prospects, which are good, for many people – particularly those with good marketable skills."

He said there had been expansion in the engineering, construction and professional services sectors.

Mr Dougal also said he had seen growth in people's wages and salaries, and a "definite move" to permanent placements, although many employees had a "try before you buy mentality", and were opting for short-term placements to "see what the fit is like".

He predicted the UK's unemployment rate would fall below 7% "sometime over the course of this year".

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Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Rent Guarantee Income today on 020 8694 8098 to find out more.

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Guaranteed Rental Scheme | Advice for buying property at auction

Guaranteed Rental Scheme | Advice for buying property at auction

Guaranteed rental scheme – If you have a property that you think meets our criteria, contact our team where we will arrange a time to come and talk to you and inspect the property. You decide if you want the building rented for between one and five years.

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Guaranteed Rental Scheme | Lisa Loczy from Mortgage Advice Bureau, based in Graham Penny Estates and Auctions in Derby, details the ins and outs of buying at auction and tips for success.

THE news that the Bank of England's Monetary Policy Committee voted to hold the Base Rate at 0.5% this month is welcome for mortgage borrowers.

Indeed, the consensus appears to be that the base rate will remain flat until the end of this year, and that mortgage rates will remain close to their current levels. Rent Guarantee Income

Competition among lenders offering higher loan-to-value mortgages may push the cost of these deals down slightly, while fixed rates might drift upwards, but overall we don't anticipate any major surprises.

This fact, combined with rising property prices and increased confidence in the UK housing and mortgage markets, may well result in an increasing number of buyers taking the plunge in 2014.

Property hunters seeking a bargain could do worse than check out what is available at auction.

Buy-to-let investors with some experience of the market are among those most likely to buy at auction, but there is no reason why first-time buyers or home movers should not check out what is on offer.

The following tips could help you succeed:

Do a dummy run: Visit a property auction or two. This will familiarise you with the process and make it less daunting.

Take an expert: If you know someone who has bought at auction before, ask them to accompany you when you attend a property sale for real.

Guaranteed Rental Scheme | We provide many benefits to a landlord as opposed to the conventional letting agent call 3Let on 020 8694 8098 to find out why

Guaranteed Rental Scheme | Check out the property: Always visit the property or properties you intend to bid for beforehand rather than relying on a catalogue description, just as you would if you were buying through an estate agent.Guaranteed Rental Scheme

Take a builder: If the property is older, unoccupied and/or neglected, ask a trustworthy builder to visit the property with you to give you an idea of how much any work might cost.

Consider having a survey: Have a survey of the property carried out in advance of the auction, even though you will lose the survey fee if your bid is not successful. A rudimentary lender's valuation may not suffice if you need a mortgage, particularly if the property is old or has been unoccupied for a while.

Stick to your budget: Set an ideal price and a maximum price in your head, and stick to it.

If you need a mortgage, sort it out beforehand: Get a mortgage arranged before you go to the auction. That will determine your budget and ensure that you will be ready to complete on the deal within the time allowed. You are legally bound to buy any property you have successfully bid for at auction, so make sure you have the finance in place.

Have the deposit on hand: You are also legally obliged to stump up 10% of the property's sale price on the day, so make sure you have the funds available and means of payment with you, as well as two forms of ID.

Allow for extra costs: As well as paying for the survey up front plus any arrangement fees for the mortgage which may or may not be payable before completion, you may have to pay a buyer's fee of around £600, so check with the auction house in advance. And don't forget to budget for other costs, such as stamp duty and buildings insurance.

Your home may be repossessed if you do not keep up repayments on your mortgage.

There will be a fee for mortgage advice. The actual amount you pay will depend upon your circumstances. The fee is up to 1%, but a typical fee is 0.3% of the amount borrowed.

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Our top rated property management service comes highly recommended by many homeowners and landlords alike. Contact Guarantee Rent Income today on 020 8694 8098 to find out more.

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Guaranteed Rental Income | How likely is an interest rate rise – and how will it affect homeowners?

Guaranteed Rental Income | How likely is an interest rate rise – and how will it affect homeowners?

With our guaranteed rental income scheme our landlords benefit from a free property management service, where we vet all tenants and conduct regular free inspections.

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Guaranteed Rental Income | Homeowners around the country are awaiting news of an interest rate rise, with speculation growing that this will happen sooner, rather than later.

But exactly when should we expect it – and what impact will it have on UK property owners?

Firstly, the good news. A rise in interest rates is positive when put in context, it means that the economy is growing and that the Bank of England governor, Mark Carney, believes that the lending sector is healthy enough for him to put the Bank rate up. The bad news is that an interest rate rise will see monthly mortgage costs increase.

Mortgage payments currently amount to just over 30 per cent of take home pay, according to the latest statistics from Nationwide. Before the financial crisis, they were as high as 50 per cent. A significant reason for this is the static level of the Bank rate, which has been at 0.5 per cent since March 2009. Rent Guarantee Income

When to expect an increase

Back in August 2013, Mark Carney announced that a rise would only happen if unemployment fell to below seven per cent. At the time this was considered a couple of years off, but employment figures have risen faster than anticipated.

This has prompted Carney to move the goalposts, last week he said that the timing of a rise would be decided by a wider range of indicators. He also said that any rise would be gradual, which fits in with predictions offered by Savills.

They forecast the Bank rate at 0.8 per cent in 2016, 1.8 per cent in 2017 and 2.8 per cent in 2018. The impact, say Savills, would be mortgage rates rising from an average of 3.6 per cent today to five per cent in four years time.Guaranteed Rental Income

What the experts think you should do * Mark Harris, chief executive of mortgage broker SPF Private Clients, says that a fixed-rate mortgage may be the best option if you require "certainty" to help with budgeting.

"It is still possible to fix for five years at sub four per cent, which put into an historical context is a fantastic rate," said Harris.

Guaranteed Rental Income | 3Let allows you to guarantee your rent for a term of 1 to 5 years with our guaranteed rent services

Guaranteed Rental Income | Those currently on a fixed-rate mortgage will not see any impact on their payments in the short term, but may find there is a big jump when the time comes to renew.

This is compared to a tracker rate where payments will go straight up. Those with a variable rate are in the hands of their bank or building society, who can choose how much of the rate rise to pass on.

"By far the most popular product among our clients is a five-year fix as it gives security for a reasonable period of time," said Adrian Anderson, director of mortgage broker Anderson Harris.

Should you worry about a rise in mortgage rates?

It is only natural that a rise in interest rates and thus an increase in the cost of mortgages will send many people into a panic.

However, Brian Murphy, head of lending at the Mortgage Advice Bureau, said that any rise will "not be to a level that affects affordability".

"When being assessed for a mortgage, lenders have been far more diligent in ensuring that any prospective borrowers can afford repayments both today, and in the event of a rate rise," he continued.

As a result of the uncertain lending conditions following the financial crisis, banks and building societies have been "far more intrusive" in looking at a borrower's income.

"This increased diligence should help guard against future problems if and when rates rise," he reassured.

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Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guarantee Rent  Income today on 020 8694 8098 to find out more.

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Guaranteed Rent Insurance | BOE Can’t Stop the Craving for London. Time to Worry?

Guaranteed Rent Insurance | BOE Can’t Stop the Craving for London. Time to Worry?

Guaranteed rent insurance – Our rent guarantee scheme is suitable for both existing landlords and potential landlords. If your property is accepted onto our scheme, you will not need to worry about rental income again while you are with us.

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Guaranteed Rent Insurance | Bank of England Governor Mark Carney admitted at the weekend that foreign cash buyers have put London’s property market beyond the central bank’s control.

Does this matter?

In a television interview over the weekend, Mr Carney was at pains to reinforce the message that U.K. rates wouldn’t be heading higher anytime soon. And that there’s no property bubble in the U.K.. But, he implied, even if he were worried about, say London, there’s not a lot the BOE could do about rampant price inflation given that so much of the top end of the market is driven by cash sales, with a big slice of that being foreign money. Rent Guarantee Income

In some respects, Mr Carney is right to shrug off London’s boom. Recent foreign capital flows into the U.K. seem to have less to do about the U.K. economy than they do about British institutions, faddishness and huge amounts of liquidity sloshing through emerging markets.

British institutions that protect property rights are especially attractive to investors in emerging markets who run the risk of having their assets expropriated at home.

As with any investment, there tends to be momentum in property as well–people herd, chasing past price rises and the comfort of buying what their neighbors are buying. And then there’s the post-financial crisis liquidity circulating through various markets. Ironically, the Federal Reserve’s taper might be accelerating the shift to put money into London as the emerging markets’ super rich worry about rising political tensions in their own economies. And undoubtedly some of China’s latest massive infusions of credit–twice as much was extended during January as December–is also likely to find its way to the British property market, among others.Guaranteed Rent Insurance

Guaranteed Rent Insurance | with our guaranteed rent services you don't have to worry about maintaining your property we do it for you.

Guaranteed Rent Insurance | Insofar as asset bubbles only cause financial instability when they’re built on leverage, the London boom shouldn’t matter. If the top end of the London market goes pop, the wider fallout should be limited.

So why worry?

For one thing, greater London makes up between a fifth and a quarter of the U.K. economy. A property bust would very likely have wider impact even if not through the usual mechanism of default and financial sector instability. Given that the U.K. economy has been driven by consumption growth, a fall in house prices would most probably hit domestic demand.

More worrying might be what would happen if falling prices fed a vicious cycle where foreigners not only stopped buying but started selling. Foreign demand for British property fills a big hole in the U.K.’s current account deficit. Shorn of those flows, sterling would quite probably plummet. This would push up inflation and quite possibly force the Bank of England to tighten policy if it became a full-blown currency crisis.

Given that the economy remains highly leveraged, rising interest rates would do real damage to domestic demand.

It’s true the Bank of England can’t do much to stem these foreign flows into British property. But that’s not to say it shouldn’t think about what might happen if these flows stopped.

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Letting Agents Guaranteed Rent | Bank of England ‘powerless’ to prevent London property price rises

Letting Agents Guaranteed Rent | Bank of England 'powerless' to prevent London property price rises

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Letting Agents Guaranteed Rent | Soaring property prices in London cannot be controlled by the Bank of England, its governor has stated.

Mark Carney revealed the top end of the market is "driven by cash buyers" and so the central bank does not have a direct influence.

"We change underwriting standards – it doesn't matter, there's not a mortgage. We change interest rates – it doesn't matter, there's not a mortgage," Mr Carney told the BBC's Andrew Marr Show. Rent Guarantee Income

However, the Canadian stated that the Bank will watch the knock-on effect rich foreign investors have on the market.

The comments may reignite the debt over the mansion tax, a policy the Liberal Democrats and Labour were keen to see implemented, but Conservatives opposed. Letting Agents Guaranteed Rent

"There are many arguments for a mansion tax, and this is certainly one of them," said Stephen Williams, the Liberal Democrat minister responsible for housing.

The proposed tax would see a levy placed on homes worth over £2 million.

London mayor Boris Johnson is known to oppose the mansion tax idea, while senior Lib Dem president Tim Farron believes the policy could raise a significant amount of money for the government.

Letting Agents Guaranteed Rent | 3Let allows you to guarantee your rent for a term of 1 to 5 years with our guaranteed rent services

 

 

Letting Agents Guaranteed Rent | Last year, the number of homes that sold for more than £1 million in London rose by 20 per cent to 6,145, while there were less than ten sold in both Manchester and Birmingham.

Britain's most expensive mid-terraced home recently went on sale in London at £90 million, highlighting the massive premium attached to properties in the capital.

Mr Carney is also optimistic about the housing recovery seen in the UK as a whole, as he thinks only Northern Ireland is lagging behind in the more "generalised phenomenon".

However, he does think caution is required because of the history of "boom and subsequent bust" in the UK's housing market.

In order to prevent this situation from developing again, Mr Carney revealed the Bank has improved underwriting standards, tightened up on capital standards and taken away special stimulus programmes that previously existed.

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Guaranteed Rent Insurance | How to buy London property

Guaranteed Rent Insurance | How to buy London property

Guaranteed rent insurance – We will then manage the property for you and ensure you receive a monthly guaranteed rental income. There are no void periods, no periods when you will not be guaranteed rent.

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Guaranteed Rent Insurance | London house prices rose by an average 11.6 per cent last year, earning the typical owner £50,000 (Dh298,000) in 12 months. With rents also spiralling upwards, it’s no surprise many UAE residents are now buying property in the UK capital as part of their investment portfolio

The prospect is proving especially tempting for British expats. * London’s stable political climate and transparent legal and financial systems have made it a target for many overseas investors looking to park their wealth.

According to the estate agent Knight Frank, buyers from outside the UK bought 49 per cent of all properties worth more than £1m in central London last year.

The rival estate agent Savills says that in 2012-13 buyers from the Middle East were the third biggest purchasers of new flats in prime London, accounting for 19.4 per cent of the new-build market. Rent Guarantee Income

But when you live more than 5,000 kilometres away from your investment, how can you go about finding a place, let alone navigate the sticky processes of buying the property, letting it out and dealing with problems?

Jane Sugar, a marketing manager and mother of two, has lived in Dubai for eight years. Last year she and her husband bought a three-bedroom house in Acton, West London for around £700,000. Guaranteed Rent Insurance

“It was a difficult process,” the British expat says. “We bought in London because we think London property is a good investment and that’s ultimately where we want to move back to, but it has taken a long time – probably around two years – and been quite problematic.”

The couple looked at property websites to gauge what they could afford that would provide the right facilities such as good state schools and infrastructure.

Guaranteed Rent Insurance | With our rent guarantee scheme there are no commission fees, no admin fees and no management fees to pay
 

Guaranteed Rent Insurance | “All the good property was snapped up within a couple of days and some of the best ones were just not getting put on the market at all. Sometimes sellers wanted a response within a couple of hours and because we were here we just couldn’t get back to them in time,” Mrs Sugar adds.

“They would go to the properties for us and take photos and videos and they had good contacts with local estate agents as well as lettings agents and mortgages brokers,” she says.

Ironically though, the couple ended up buying a property they had looked at themselves.

Financing proved a headache, with the first mortgage falling through. And even though the family hired a local lettings agent – to whom they pay 8 per cent of the annual rent – to find tenants, a first set of tenants walked away because the Sugars didn’t act quickly enough to confirm the tenancy. Upkeep and maintenance have also proved costly, with the owners already paying out to fix a leak.

Nonetheless, Mrs Sugar estimates the rent just about covers the costs of keeping the property even accounting for fees, insurance and renovations.

“After consultation, we made a decision that London best suited our long-term goals and risk matrix,” he says. Although he knew the area he wanted to invest well, the purchase was far from straightforward. It took three months to find a suitable property and a further seven weeks to complete.

“All of the proofs of address were somewhat complicated,” he says. “The UAE postal system was hard for the UK to understand, having all utilities and rental agreements in my company’s name created some issues.”

He is renting the property out via a letting agent and anticipates a 5.5 per cent yield with capital values to increase 5 per cent a year for the 10 years he intends to hold the property. His exit strategy, he says, depends on how UK rules regarding capital gains tax for overseas landlords pan out in the coming years.

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Our rent guarantee scheme provides you with between 1 to 5 years worth of guaranteed rental income. What’s more, there’s no catch and no fees involved. Contact Guarantee Rent Income today on 020 8694 8098 to find out more.

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