Since the economic crisis hit, property investors
across the UK have been filled with fear and trepidation
when broaching the subject of finance!
Investors
have faced dramatic changes regarding finance since
the carefree days of the early 2000’s, when
decisions were based on minimal information and swung
in favour of excessive lending to the masses. Confidence
in property was so high that checks into affordability
and an individual’s earnings were negligible
to say the least.
It
was only with the arrival of the financial crisis
that banks began to realise the extent of the problems
that resulted from poor lending. It was due to this
uncertainty surrounding the economic climate that
the availability of finance swung again this time
in the opposite direction, making it difficult for
even the most experienced investor to obtain finance.
There
is however good news on the horizon! As the economy
makes its way along the slow road to recovery, lending
is again shifting, this time to a more realistic level.
Finance is once again available for the right opportunity.
It is unlikely to return to the high levels of the
boom years, but it is becoming more achievable and
more importantly will be more regulated. One strong
indication of this is that high street lenders are
introducing good quality products for the buy-to-let
market, which offer anything from 60-75% loan to value.
It
is also encouraging to see the great opportunities
that are currently available, particularly on larger
multi-house occupancy deals. One possible avenue in
obtaining funding for these deals is through commercial
finance and its availability provides a great inroad
into the buy-to-let market. Although there are negatives
when considering commercial finance such as more complex
arrangements and slightly higher rates and fees, these
are outweighed by the impressive gains, that being
deals offering yields up to 10%.
Although
the number of lenders may have reduced over the last
six years it is important to note that there is still
funding out there and you only need one lender to
complete a deal!!
If
you would like take advantage of this unique opportunity
to begin your portfolio but don’t know where
to start, then PPB would love to help you. Please
contact us at info@platinumportfoliobuilder.co.uk
or alternatively call 01226 732 606 and we will be
happy to offer our expert advice. Visit
the Platinum Portfolio Builder website for more information
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| Platinum
Portfolio Builder builds and manages property
portfolios for people who want to invest in
property but who don’t have the time,
knowledge or inclination to do it themselves.
They only buy properties where a minimum discount
of 25% below an independent RICS valuation
is achieved. They have their own in-house
team of expert buyers, project managers, builders
and letting agents and so let and manage the
properties for their clients on an on-going
basis until they want to sell them and cash
in their profits.
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