It seems like every other day the UK and Scottish Governments are using Private Landlords and Investors as the sacrificial lambs to gain political points and justify their stance on implementing draconian legislation, some of which could have serious issues for the tenants. Therefore, the question on everyone’s lips is: “Is it really worth investing in Buy to Let properties anymore?”
Luckily, you don’t need to head back to school to understand this as Jim Parker and Richard Cook are on hand to take you through where we are today and clearly demonstrate if Buy to Let Property Investment is still a viable option for long-term wealth. As ever, this is based on Jim’s personal experience and wisdom that took him from homeless and unemployed in his early 20’s to financial freedom at 38 years old.
If you are a private client of ours, including the ongoing support you will also receive an invite for the last Thursday of every month to a private zoom session which will be a deep dive into more detail on portfolio building. If you haven’t received your invite, please contact us to richard.cook@fifeproperties.co.uk
This is all about accelerating your wealth in 2022.
*We must point out that we are not financial advisors, and this is only our opinion of what we would do. Investments can go down as well as up so if you do want professional advice from a qualified advisor, please contact us direct and we will put you in touch with someone.
Doom and gloom in the British property market or clickbait doom-mongers?
Newspapers and clickbait 24-7 news websites, desperate for clicks, are peddling a story of a doomsday time for the economy, particularly the property market, as interest rates and inflation create the perfect storm for the UK property market.
Well, that was quite a week for the property market! Although it’s always a hot topic in the press, the amount of coverage last week was completely off the scale.
However, as the dust begins to settle after the mini budget, you might be wondering what it all means if you’re planning to sell your home, either now or early next year.
A few weeks ago, the Bank of England increased interest rates to 2.25% and they are expected to be 3.25% by early next year. This increase will make the monthly mortgage payments more expensive for first-time buyers, an issue dubbed by some as the ‘property affordability crunch.’
Imagine if your income was based purely on your ability to perform. Without an income stream, you will fail. A simple fact. Many people have a single income stream, such as employees and people that are self-employed. Having multiple streams of income is a good way of safeguarding you against a downturn in one area. It can give you stability and the opportunity to grow your wealth long term.