PODCAST: https://anchor.fm/fife-properties/episodes/Has-Buy-to-Let-Changed-the-Fife-Property-Market-e19bde8
The ‘Buy-to-Let’ (BTL) mortgage is celebrating its Silver Anniversary (25 years) this autumn.
Isn’t it fascinating that a decision between a group of letting agents and bankers all that time ago to offer BTL mortgages has changed the face of the Fife (and national) property market? Continue reading Has Buy-to-Let Changed the Fife Property Market? (Watch/read/listen)
As they struggle to meet demand, Argos have had to increase the wages of their HGV drivers from £11.41 an hour to £15 an hour – a rise of 31.2% meaning their pay goes from £27k to £35k. Care home providers are offering signing-on bonuses of many thousands of pounds to entice nursing staff away from their competitors, and new homes contractors say labour costs are growing as the housing boom pushes up demand for bricklayers and joiners. Restaurant chains, coffee shops, blue-collar workers in factories and warehouses are seeing wages rise at an extraordinary rate. Continue reading Wages rising by 8.3% pa – how will this affect the Fife property market? (4 min read)
Fife landlords are becoming progressively more self-assured about expanding their rental portfolios; as Fife rents rise, mortgage interest rates fall and demand for decent Fife rental properties outstrips supply. Continue reading Fife Buy-to-Let Market on the Rise as Returns Rise by 40.3% in 5 Years (Watch/3 min read)
Why Savvy Fife Buy-to-Let Landlords Don’t Use 10-Year Mortgages
And the reason you shouldn’t either
I know of many Fife buy-to-let landlords who fell into property investing by accident. Many didn’t want to sell their family home when the Fife housing market crashed in the Credit Crunch of 2009/10, yet still needed to move (often for work). They thought they would keep their Fife family home in case they ever moved back to Fife. Yet by keeping it, it couldn’t remain empty (there was still a mortgage to pay on it), so they ended up renting their home out. Continue reading Why Savvy Fife Buy-to-Let Landlords Don’t Use 10-Year Mortgages (3 min read)
“At least one in six people on The Sunday Times Rich List owes their wealth to property or the world of home ownership in some way”. Those are the words of Robert Watts, the man who compiles The Sunday Times Rich List.
Building a successful lettings portfolio is an exciting route to financial freedom, and picking a direction for your buy-to-let business ultimately comes down to two choices: capital growth or rental yield.
The value of an average Fife semi-detached house has increased in value by £18,360 in the last 12 months, an increase in value of 12.8%.
Yet the costs of building a Fife home have shot up even more in the last 12 months, meaning the price of Fife new homes and any building works you do to your Fife home in the coming months and years could be a lot higher. Continue reading £349,341 – ‘Wood’ You Pay That For a Fife Semi-Detached House? (3 min read)
Whenever you ask someone if they know a good contractor, you’ll never be far from a tale of woe: the plumber who never turned up; the electrician who bodged the job; the builder who overcharged and left a huge mess.
Specialise or diversify? That’s a big question for many landlords when it comes to expanding their portfolios, and if you look around Google long enough, you’ll find arguments for both.
Would it surprise you even more when I said the ratio of house prices to wages are still lower today when compared to 1871? Yes, you read that correctly, as a proportion of average wages British house prices are 17.6% proportionally cheaper today than they were in 1871. Continue reading Your Great-Great Fife Grandfather Would Have Only Paid £221 18s 2d for His Fife Home in 1871 (4 min read)
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22 North Street,
Glenrothes,
KY7 5NA
97 Bonnygate,
Cupar
KY15 4LG
9 Mitchell Street,
Leven,
KY8 4HJ
c/o 22 North Street,
Glenrothes,
KY7 5NA
c/o Bitwise Group
Crescent House, Carnegie Campus
Dunfermline KY11 8GR
c/o 97 Bonnygate,
Cupar,
KY15 4LG
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