Welcome to our weekly update giving you the key stories, breaking news and topical analysis from the past week up to today, 8 June 2018.
While now is a great time for expats and overseas investors to invest in the UK property market due to the weaker pound, it is vital to do thorough research to avoid paying unnecessary costs. The housing markets in Manchester and Leeds are both performing strongly at the moment, while more landlords are considering their options away from traditional buy-to-let and looking at ways of diversifying their portfolios. Read on for 7 top stories you might have missed this week…
1. Investing in buy-to-let from abroad could be losing expats thousands
Millions of pounds a year are being unnecessarily wasted on UK property purchases from abroad, with some buyers losing out on as much as £40,000 – but the extra costs can be avoided. To read the full article, click here.
2. More housing investment in Leeds set to transform the city
Leeds is on the cusp of a major boom with another new investment plan announced in the South Bank area of the city, attracting more people and investors to the up and coming area. To read the full article, click here.
3. Build-to-rent becoming more mainstream as landlords consider options
After almost 20 years of growth, the buy-to-let sector has seen its first dip in rental property numbers as more landlords begin to offload some of their assets. While the reasons behind this are complex, build-to-rent could now begin to flourish. To read the full article, click here.
4. Seeking immunity from rate rises? Try long-term fixed-rate mortgages
The Bank of England is expected to put the base rate up at least once this year, bringing with it the possibility of higher interest rates for mortgage holders. To read the full article, click here.
5. Manchester named the best place to be a landlord in the UK
If you’re looking to invest in buy-to-let property in the UK, it’s worth knowing that Manchester has just been listed as the top place to be a landlord – pushing London into second place. To read the full article, click here.
6. Conveyancing: what is it and how could it be improved?
Buying a property can be a daunting and complex process, particularly for first-time buyers, and a new survey has revealed that many homebuyers think the conveyancing process has room for improvement. To read the full article, click here.
7. Three ways property investors can diversify their assets
As the UK property market, like any asset class, continues to change, it is vital that property investors adapt in order to continue to make the most from their investments. To read the full article, click here.