For most Baldock people, a mortgage is the only way to buy a property. However, for some, especially Baldock homeowners
Living in our own homes or owning buy to let property in Baldock and the surrounding areas, it’s often easy
Should you, as a landlord for buy to let or for personal occupation, buy a brand-new home? Well, let’s start
I have been doing some research, looking both at National and Regional reports on the demand and supply of property
I am of the opinion that buy to let investment in Baldock, in the long-term, will bring substantial returns for
There is good news for Baldock buy to let landlords as ‘top of the range’ well-presented properties are getting really
Buying and selling a home in Baldock isn’t the easiest or cheapest thing you will ever do. Estate Agent fees, Solicitors fees, Survey fees, Mortgage fees, Removal Van … the costs just mount up throughout every step of the move. Last week, a Baldock landlord asked me whether the Council Tax Band made a difference to a property’s appeal, be it tenanted or to owner occupiers, when it comes to being sold on the open market and whether extensions or improvements made a difference to the tax banding? Well, like I said, the first point you should always be aware of is what Council Tax Band your new house or apartment will fall under. Being aware of this before you buy/move will help when planning month by month for life in your home (or investment). But what exactly are Council Tax Bands, and how do they affect landlords/tenants/homebuyers? How much Council Tax you pay depends on two variables. The first
This seems like a good opportunity for a new landlord looking to invest in the area or for existing landlords increasing their portfolio. Country Properties in Baldock have just brought this one bedroom top floor apartment to the market with an asking price of £172,000. With a potential yield of around 4% plus, it has to be better than leaving your money in a bank account. Give Country Properties a call to take a look and secure it before someone else does. To discuss any aspect of the local property market and lettings please give me a call on 01462 894565 or pop in to see us.
Country Properties in Baldock have just brought this studio apartment to the market with an asking price of £105,000. It is located in a quiet residential street on the ever popular Clothall Common development and benefits from what appears to be well presented accommodation and off road parking outside. With an anticipated rental figure of £5,940 p.a. and suggested management / maintenance costs of £462 p.a. (these figures would need to be confirmed) this property should provide a NET yield of over 5% p.a. – a good return! Take a look at Country Properties advert here and give them a call on 01462 895061 to arrange a viewing and secure this property before someone else does.
As we go headlong into 2018, I believe UK interest rates will stay low, even with the additional 0.25% increase that is expected in May or June. That rise will add just over £20 to the typical £160,000 tracker mortgage, although with 57.1% of all borrowers on fixed rates, it will probably go undetected by most buy-to-let landlords and homeowners. I forecast that we will not see any more interest rate rises due to the fragile nature of the British economy and the Brexit challenge. Even though mortgages will remain inexpensive, with retail price inflation outstripping salary rises, it will still very much feel like a heavy weight to some Baldock households. Now it is certain the Baldock housing market in 2017 was a little more subdued than 2016 and that will continue into 2018. Property ownership is a medium to long-term investment so looking at that long-term time frame; the average Baldock homeowner who bought their property 20 years