WORLD SIXTEEN (World 16)
Buying Investment Properties in the United Kingdom
World 16 Fractional Property Ownership Investments are made simple and profitable because of the companies we use throughout the process. Before entering into any type of investment it is a good idea to consult specialists to ensure that you reduce the risk of making mistakes. Below are some hints and tips that can help when making your way into the Property Investment world.
Get Legal Advice
It is always vital to ensure that you have a good solicitor representing you throughout your purchase of your investment property. A good solicitor will bring to attention anything that may affect your desire to purchase. They will also advise you about any obligations that you have as a landlord, these are things that the seller may withhold from you in an attempt to sell you an unsuitable property. If you are buying from auction, get your solicitor to go with you, they will be happy to help where they can and can save you thousands.
World 16 Recommends
Jo Cox of Davies and Partners Solicitors
“Jo Cox is a very professional and thorough solicitor and has help world 16 with the purchase of many properties. She remains our property lawyer and we would not hesitate to recommend her.”
Mortgages and Finance
To really reap the benefits of Property Investment, investors use finance to leverage their investments. When you decide to buy an investment property, it is not always the best route to go to a bank. A bank will usually only be able to offer you a limited range of mortgage products. World 16 always recommend speaking to an Independent Mortgage Broker. A broker will review your situation and be able to offer you a much wider range of services and get you a better deal.
World 16 Recommends
“PolicyCheck are a firm of fully qualified Independent Financial Advisers that specialise in Mortgages, Pensions and Investments. They have provided World 16 with Mortgages and we have been extremely satisfied with their service."
Letting and Management
Once you have your investment property, you will want to make sure that it remains profitable. When buying UK Buy-To-Let investment properties as long term investments, you want to ensure that your property remains tenanted and therefore profitable. A good letting and management company will find you a tenant, and then for a fee (usually between 10 & 12% of the rental income) will look after the property and the tenant. The great thing about employing a management company is that they should keep you up to date with any legislation that affects you as a landlord.
World 16 Recommends
“LSL are the UK’s largest Letting and Management Companies and have extensive branches throughout the UK. LSL provide management for all of World 16’s UK properties and have done a very good job.”
Where World 16 can help
The world of property investment can be tricky to navigate. World 16 have many years experience in helping investors, just like you, reduce their risk by providing access to our contacts and services. If you are looking to get involved in property, contact us for an informal chat and we will point you in the right direction.