InvestingProperty

Average Rental Yields (UK, Broken Down by Area)

If you are considering buying property to rent, you probably have a lot of questions swimming around your head. The most important and immediately relevant one is probably: is buying to let a good return on my investment? Historically, property has been one of the best financial investments that a person can make. Despite the fact that housing returns have been lower than average the past 3…
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InvestingProperty

How Do Mortgages Work In The UK?

So you are thinking about buying a home; good for you! If you are a first-time buyer in the UK, you probably do not have the cash to buy a house outright. Instead, you will probably take out a mortgage to pay the bills. If you are thinking about taking out a mortgage…
InvestingProperty

Is 2020 A Good Time to Remortgage? (UK)

If one thing is clear, 2020 will go down in the history books as a year of significance. With unexpected situations comes financial uncertainty. But, despite this economic uncertainty, it still might be a good idea to remortgage your home in the UK. The Bank of England cut Interest rates to a record-breaking low of 0.10%, which means that mortgage payments will fall for many. Whether or not…
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InvestingProperty

Real Estate Investing in Your 20s (7 Essential Tips)

For many people, the idea of investing in real estate in your 20s sounds absurd. After all, most people in their 20s are just starting out and may not have large amounts of money needed to invest in properties. In fact, the majority of those in their 20s are focused on…
InvestingProperty

How Much of Your Income Should You Spend on a Mortgage in the UK?

TL;DR: You should try to spend no more than 35% of your gross (pre-tax) income on your mortgage. A more conservative recommendation is no more than 25% of your gross income. If you are currently in the market for a house you will first need to figure out exactly how much you can afford. There are a lot of costs that go into buying a house and even a scrupulous planner can get overwhelmed…
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FinanceProperty

How Has Airbnb Affected the UK’s Housing Market?

What Is AirBnB? Unless you have been living under a rock you have probably heard of Airbnb. Founded in 2007, Airbnb has exploded into a multi-billion dollar business and operates in over 190 countries across the world. After all, the idea of being able to rent a cozy…
InvestingProperty

How Much Should You Spend On Rent And Utilities In The UK?

Traditional wisdom states that basic housing expenses like rent and utilities should cost no more than 35% of your annual monthly income. We know this is hard to do in today’s economy and housing market, so we recommend a more relaxed percentage of 45%. For many people, basic living expenses like rent and utilities eat up the majority of one’s income. Even worse, housing and utility prices…
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