Buy-to-let opportunity in Baldock with good potential yield

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.  

The first interest rate increase in a decade! How will this affect Baldock homeowners and landlords?

At the start of this month the Bank of England’s Monetary Policy Committee announced a rise in the Bank of England base rate of 0.25% – the first increase in over a decade. The base rate is the figure on which mortgage rates in particular are based and a whole generation of aspiring homeowners will be wondering what to make of it. Don’t panic!  Although the base rate has effectively doubled, 0.25% remains a very small increase and simply returns us to the same 0.5% rate that had been in force between March 2009 and August last year, when it was dropped in response to the Brexit referendum result. While those on a variable rate or tracker mortgage will notice a small increase in monthly payments, those who chose a fixed rate mortgage will not feel any effect at all. If this new rate is passed on to mortgage interest rates, as it almost certainly will be, the monthly commitment

read more The first interest rate increase in a decade! How will this affect Baldock homeowners and landlords?