6 Reasons Why Now is the Best Time to Invest in Buy to Let Property

Lots of people are wondering whether now is the right time to invest in the property market, or whether prices will drop in the near future.

We’re seeing an increasing demand for Buy to Let (BTL) properties and a subsequent increase in house prices, particularly in the North. In our opinion, now is the best time in a decade to get started in property and here are 6 reasons why…

1. BTL borrowing is cheap

Interest rates have never been lower than they are right now, with the Bank of England base rate at just 0.1%. That makes it very cheap to borrow money for a BTL mortgage. This lets you purchase multiple properties with the same initial capital, allowing you to diversify your investment and increase your overall return.

2. The government is investing in the North

Boris Johnson’s government plans to ‘level up’ the country by investing billions of pounds in previously neglected Northern cities. Recent plans to open the first UK Infrastructure Bank (UKIB) in Leeds show that the city is a focal point for future investment.

Upgrades to vital infrastructure across the region will drive economic activity, increasing property prices as businesses and workers are drawn to the area.

3. Stability has become more valuable

​COVID-19 has turned the world upside down, causing people to review their financial situations.
We’ve seen how quickly businesses can shut down, and right now a stable source of income is looking more attractive than ever.

Rental properties provide two forms of return: the monthly rental income and the increase in property value over time.
A sustainable BTL investment can create a cushion to help you protect your family from an uncertain future.

4. Inflation will increase house prices

We anticipate the unprecedented government borrowing to fuel rising inflation over the next few years. This will devalue the pound meaning your money will not go as far as it used to.

If you are holding cash in the bank, it will likely be worth a lot less a decade from now than what it is today. On the other hand, if you invest in a tangible asset like property, you will be well-protected against the effects of inflation because houses are always in demand and tend to increase in line with inflation.

5. Demand for rental accommodation is increasing

People are finding it increasingly difficult to save up enough deposit to purchase their own home and so end up renting for longer. As well as that, single-parent families and smaller family units are becoming more common as divorce becomes more acceptable and families become more spread out.

For a lot of young people, the flexibility offered by renting a property is more attractive than the commitment associated with home ownership, and with many businesses relocating to smaller cities, in search of cheaper rent, it’s no wonder that rental demand is increasing.

6. Uncertainty usually means opportunity

Everybody knows that when there is uncertainty, there is usually an opportunity – and right now, there seems to be a lot of uncertainty. When most people aren’t quite sure what to do, there’s an opportunity for those with the know-how and determination to gain real benefits by investing at the right time.

Of course, there are risks, but by doing a little bit of due diligence, we can reduce the risk and increase the chances of success. Remember the adage: Be fearful when others are greedy and greedy when others are fearful.

NOW is the time to start investing in property!

We’re seeing a huge amount of interest in people wanting to get their investments in order and now is the time to take action. Prices have started to increase, and you certainly don’t want to be left behind.

Interested, but don’t have the time to invest? We help people like you create wealth and financial security by investing in BTL property in Leeds. Click here to learn how

Lots of people are wondering whether now is the right time to invest in the property market, or whether prices will drop in the near future.

We’re seeing an increasing demand for Buy to Let (BTL) properties and a subsequent increase in house prices, particularly in the North. In our opinion, now is the best time in a decade to get started in property and here are 6 reasons why…

1. BTL borrowing is cheap

Interest rates have never been lower than they are right now, with the Bank of England base rate at just 0.1%. That makes it very cheap to borrow money for a BTL mortgage. This lets you purchase multiple properties with the same initial capital, allowing you to diversify your investment and increase your overall return.

2. The government is investing in the North

Boris Johnson’s government plans to ‘level up’ the country by investing billions of pounds in previously neglected Northern cities. Recent plans to open the first UK Infrastructure Bank (UKIB) in Leeds show that the city is a focal point for future investment.

Upgrades to vital infrastructure across the region will drive economic activity, increasing property prices as businesses and workers are drawn to the area.

3. Stability has become more valuable

​COVID-19 has turned the world upside down, causing people to review their financial situations.
We’ve seen how quickly businesses can shut down, and right now a stable source of income is looking more attractive than ever.

Rental properties provide two forms of return: the monthly rental income and the increase in property value over time.
A sustainable BTL investment can create a cushion to help you protect your family from an uncertain future.

4. Inflation will increase house prices

We anticipate the unprecedented government borrowing to fuel rising inflation over the next few years. This will devalue the pound meaning your money will not go as far as it used to.

If you are holding cash in the bank, it will likely be worth a lot less a decade from now than what it is today. On the other hand, if you invest in a tangible asset like property, you will be well-protected against the effects of inflation because houses are always in demand and tend to increase in line with inflation.

5. Demand for rental accommodation is increasing

People are finding it increasingly difficult to save up enough deposit to purchase their own home and so end up renting for longer. As well as that, single-parent families and smaller family units are becoming more common as divorce becomes more acceptable and families become more spread out.

For a lot of young people, the flexibility offered by renting a property is more attractive than the commitment associated with home ownership, and with many businesses relocating to smaller cities, in search of cheaper rent, it’s no wonder that rental demand is increasing.

6. Uncertainty usually means opportunity

Everybody knows that when there is uncertainty, there is usually an opportunity – and right now, there seems to be a lot of uncertainty. When most people aren’t quite sure what to do, there’s an opportunity for those with the know-how and determination to gain real benefits by investing at the right time.

Of course, there are risks, but by doing a little bit of due diligence, we can reduce the risk and increase the chances of success. Remember the adage: Be fearful when others are greedy and greedy when others are fearful.

NOW is the time to start investing in property!

We’re seeing a huge amount of interest in people wanting to get their investments in order and now is the time to take action. Prices have started to increase, and you certainly don’t want to be left behind.

Interested, but don’t have the time to invest? We help people like you create wealth and financial security by investing in BTL property in Leeds. Click here to learn how