Why is now the right time to invest in Buy to let?

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It couldn’t be a better time to invest in property not for you to live you but to rent. The number of tenants requiring long term property rentals is rising rapidly and is set to keep on rising. The number of households in the private rented sector in the UK increased from 2.8 million in 2007 to 4.5 million in 2017, an increase of 1.7 million (63%) households and is set to continue to rise.

With marked shifts in the renting demographic over recent years, 82 per cent are now focusing on aims like raising a family, paying education debt, living in a convenient location, travelling or even funding hobbies rather than saving for their first home as many tenants enjoy the flexibility that renting offers.

Almost 40 per cent of renters who have never owned a property say they don’t expect to ever be able to buy

Looking ahead, Brits don’t seem to be optimistic about improved chances of getting on the housing ladder. 42% of those asked believe house prices will continue to rise this year, while 58% believe the UK housing market is on the ‘wrong track’.

The biggest reasons people gave for their lack of faith in the market was the dearth of affordable local housing, with 82% citing this as a factor.

“Lots of us want to own our own home one day,” said Jessica Exton, a behavioural scientist at ING. “Not only because it’s considered to be a smart financial decision, but because homeownership is an emotional and personal goal. But houses are expensive and many perceive them as only becoming more so.

Statistics and research shows that there will be a significant number of individuals, older people and families that require long term rentals. Younger households are more likely to rent privately, with those in the 25 to 34 years age group representing the largest group. Households in the 45 to 54 years age group saw the biggest percentage increase from 11% in 2007 to 16% in 2017, an estimated increase of 384,000 households

BMV is the perfect place to find a property of below market value to not only add to your portfolio but also rent out immediately

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Reserving Your Property

What Are The Steps?

1. One of our dedicated consultants will contact you to discuss your new property purchase and answer any questions you may have.

2. We send you our Non-Disclosure & Non-Circumvent Agreement and Finders Fee Agreement for you to sign. These standard agreements protect all parties involved from disclosing confidential information about the vendors and the deal or contacting them directly.

3. You Pay your Finders Fee. We understand that you may feel uncomfortable paying your Fee at this stage, but this Fee is fully refundable and gives you exclusivity to the deal so that no other buyer can access it.

4. We arrange for you to go and view the property. We believe it is important that you or your representative view the property you are about to purchase to make sure that it is the right fit. We ask that you make yourself available to view the property promptly as most of the vendors are looking for a quick sale and require speed and certainty.

5. After viewing the property, we will discuss your feedback. You decide whether you wish to proceed with the purchase/ rental.

6. If you wish to proceed, that’s fantastic. We will send you a Purchase Agreement and request some basic information: Full name and address of the buyer, proof of I.D, address, and solicitor details etc.

7. If you do not wish to proceed, that’s ok too. We will refund 100% of your Finders Fee. You email [email protected], and we will ensure a full refund within 48 hours of your email.

Sourcers Info

1. Upload Your Property to our Portal

After you have created your User Account, you can proceed to upload your property deals.

2. Assessing your deal

One of our Support Team will review and assess your property and will call you to finalise the details if required.

For us to assess and publish  your property, you will need to upload:

Full Address
Pictures of the property
Floorplans
Videos if available
Comparables of similar properties sold in the area and for sale
Rental comparables

If we are happy with everything, we will publish your property live on our site for waiting buyers to access.

3. Prospective Buyer

As soon as your listing is live, our buyers will be able to view the property details and contact us to reserve your property. Our Support Team will speak with the buyer to formally reserve the property and arrange a viewing. We will liaise with you to fix the most convenient time with the vendor for viewing.  There is a better prospect of agreeing on a sale if the buyer views the property quickly, so we ask that you are flexible & prompt with the viewing arrangements.  

4. Completing Your Sale

Once the buyer has agreed to purchase your property, our team will manage the process until completion. We are available to assist with all matters to get the deal closed as quickly as possible. 

We are available by email: [email protected]

We are transparent about our fees, and we split the Finders Fee on a 50/50 basis on properties sold.