Adrian Sutherland & Lucy Symons of Buy To Let Hunter explain how to escape from the big smoke!
It might be an understatement to say that 2020 has caused us to think rather differently about where we live and how we spend our time – with more people working from home and also taking staycations this year, suddenly we are examining the four walls where we spend so many hours and the environment that we create for ourselves.
There is a veritable ‘race for space’ as renters start looking for gardens (or even just a balcony) or a possible extra bedroom to use as a study for their new lifestyle, as they increasingly work from home.
Maybe the perception is that it is easier to isolate outside London, encouraging many renters to test drive a country lifestyle before they make a permanent move.
Given the new work/life balance, perhaps families are reassessing their need to be in a big city as they realise they can work from home and attend meetings virtually, releasing them from their arduous commute and proximity to a travel hub and giving them more time with their loved ones?
Fewer people are finding the sort of balance they need in big cities and, as they reassess their priorities, there is a positive rush of renters moving away from the capital to the leafy suburbs (landlords report of rents being reduced by 20% in London).
Now might be the perfect time to consider a property investment in an area ideal for an occasional commuter. Sellers in the South West dormitory suburbs have seen prices rising by more than 5% according to Nationwide’s recent house price index.
Hamptons reports that the median distance for commuting in London is 49 miles – up from 33.5m just a mere 12 months ago.
So now would seem to be the time to consider investing in property – either a holiday home just for your own use or to use occasionally whilst also renting out to the frustrated UK travellers who are unable to plan travel abroad; or a small house or flat to rent out to the ever-growing army of WFHers fleeing the Big Smoke?
Buy to Let Hunter can help you source these little gems: self-contained and easy to maintain, frequently with parking yet close to public transport, with access to outdoor space and amenities.
You may be looking to move or to purchase an investment property to let unfurnished, long-term or possibly consider creating a serviced apartment or holiday home – the team can give you some top tips on where to start.
It goes without saying that your money is no longer working for you sitting in a bank vault, but this corresponding low-interest rate can actually give you a boost if you are thinking about taking out a mortgage, as with a cash deposit and a loan at favourable rates, you can cleverly invest in bricks and mortar reaping excellent financial rewards.
Did you know that 80% of landlords typically buy an investment property around the corner from their home – seeking security in a familiar place? If you are worried about investing in an unknown area or perturbed by possibly unreliable income, trust Buy to Let Hunter help.
With an extensive knowledge of areas recommended for your purchase and through the Buy to Let Hunter Rent Guarantee scheme, you can gain peace of mind and a steady income for three years, whilst the management of everything is taken care of - unless you prefer to do it yourself.
Buy to Let Hunter has a select group of careful investors who have already made the decision and whose properties are available for flexible renting, listed on many platforms and managed for them, many reaching 80-95% occupancy.
These serviced homes allow for guests to arrive with just a suitcase and stay for a week, a month or longer, without the hassle of setting up utilities, researching the best wifi provider or paying the council tax.
So why not get a head start in the race and give Buy to Let Hunter a call, request a Zoom meeting or look on the website at buytolethunter.com to find out your options?
- Contact Adrian & Lucy on 07725 440 611
- adrian@buytolethunter.com
- buytolethunter.com
