Bridging loans are a way of leveraging money. The more access you have to finance you have the more projects you can take on at any one time and the more money you can make. But you need to make sure you understand the terms and conditions of these loans properly. If you make a mistake it can be very costly. [Read more…] about How to Use Bridging Finance to Grow a Property Portfolio Quickly
How to Use Bridging Finance to Grow a Property Portfolio Quickly
Letting agents make the lives of landlords easier and free up their time to grow their businesses. A good letting agent will be inspecting the property regularly and making sure that everything is in order. From checking gutters and drains to making sure your tenants are happy a letting agent can be indispensable. [Read more…] about What Is a Letting Agent?
Ten years on from the economic crash, generally speaking, the UK property market is healthy. With a high demand for new houses, the future of bridging finance looks assured but of course who can tell the future? In a world that is becoming increasingly politically unstable, nothing is guaranteed. [Read more…] about What Does the Future Hold for Bridging Finance?
There is no question that the rental market in Manchester has changed a great deal over recent years. New rules and legislation have made the industry increasingly complex and expensive and many landlords have decided to sell. But, all is not lost. With the right processes in place, there is still profit to had, investing in property. [Read more…] about How has Manchester’s Rental Market Changed in the Last Few Years?
Typical rates for Bridging Loans are typically around 1% but as with any kind of debt financing, the details will depend on a number of factors. Today Rory and Amy discuss the cost of debt financing and try to pin down exactly what an average bridging loan would cost a property developer to make use of. [Read more…] about Debt Financing – The Cost of Using a Bridging Loan
Tenancy fraud can be a problem in the property industry, particularly when it comes to issues around subletting. As a landlord, the only way to protect yourself is to be vigilant and to use a letting agent that you know is inspecting the property regularly and is in regular touch with the tenants. [Read more…] about Tenancy Fraud – Possible Problems for Landlords