Best place to buy and sell investment property?

by Mark Alexander

20:12 PM, 21st May 2015
About 4 years ago

Best place to buy and sell investment property?

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Best place to buy and sell investment property?

Have you seen our home page recently? Own Shares in the Property118 Rental Property for-sale Portal

If you are looking to buy or sell investment property then you really must take a look, just click the Property118 logo top left of your screen.

Check out the Premium Listings on our home page or search a specific area.

If you can’t find the property investment that suits your criteria perfectly today just set up an alert and we will let you know when properties are advertised within a 25 mile radius of the area you are interested in – it’s FREE by the way!

Compare yields and good and bad points of each property via our ‘due diligence’ links at the bottom of every full property listing page.

We only charge £1.18 to put you in touch with the vendor/agent and that’s it, no finders fees are payable to us.

If you have a property that you are looking to sell then you can advertise it FREE with us, whether you are the owner or an agent. If you want your advertisement to feature at the top of local search results and on our home page amongst the other premium listing then there’s a small fee for that but we wont break the bank for you. We only charge £11.80 per week for that (minimum 1 week). We don’t even charge commission when you sell and you are free to advertise wherever else you like. You see, we are not an estate agency, just advertising provider to enable landlords who are buying and selling to link up with each other, and of course agents selling or sourcing tenanted properties on behalf of their clients. Residential, commercial or semi-commercial doesn’t matter to us, just so long as the property is in the UK.

In first month of launch our portal had over 375,000 hits!

We hope to be in a position to advertise this service on National TV later this year when our Crowd Funding share issue completes, details of that HERE.

If you would like to learn more about property investment check out our landlords training and education course which costs just £118 for a pair of tickets.

Any guesses as to why we called our website Property118?



Comments

Peter Brown

0:53 AM, 22nd May 2015
About 4 years ago

Hi

I've 4 BTLs to sell but concerned that new purchasor would need vacant possession to comply with mortgage offer. Therefore doesn't selling with a tenant in-situ restrict a purchasor's options?

Thought please and thanks.

Mark Alexander

8:19 AM, 22nd May 2015
About 4 years ago

Reply to the comment left by "Peter Brown" at "22/05/2015 - 00:53":

Hi Peter

This question comes up a lot so thanks for asking it on the open forum. Hopefully, by answering it here I will be able to save time having to answer the same question many times over by pointing people to this discussion thread 😀

The answer is that there is no reason why a property with tenants in situ should be any more difficult to buy with a mortgage than it would be to remortgage one.

Please see the linked article on the Mortgage Introducer website >>> http://www.mortgageintroducer.com/mortgages/252581/5/Industry_in_depth/Landl

To quote from that article ….

Research from Countrywide claimed it is in London and the South East where yields are lowest and where the proportion of landlord purchases with a sitting tenant is highest.
There, landlords are most likely to buy a property with a sitting tenant to ensure they receive a rental income immediately, improving their return.

This is achieved by landlords buying directly from other landlords who are selling up, rather than buying from an owner occupier and having to find a new tenant.
Between 2008 and 2014, the North East of England saw the largest uplift in landlords buying with a tenant already in place.

Given the limited growth in house prices since 2008, landlords attach great importance to the yield they are able to achieve.

Selling with a sitting tenant allows a vendor to demonstrate the yield they are already achieving and means the new landlord will receive an income immediately in a market where it takes longer than average to get a tenant. Equally the new landlord won't incur search costs or suffer any void period.

David Fell, research analyst at Countrywide, said: "Landlords are increasingly recognising the long-term value attached to keeping a reliable, high quality tenant.

"Properties sold with a tenant in situ, which offer a ready-made guaranteed income, can even trade at a premium."

Also see this website for details of a specialist conveyancing package dedicated to this market >>> http://buytoletconveyancing.co.uk/buying-a-tenanted-property/

James Pilley

9:40 AM, 22nd May 2015
About 4 years ago

We advertised a 4 bed HMO on the Property118 portal a couple of weeks ago and we are progressing 5 serious enquiries. We are a multi-award winning agency specialising in selling high yielding HMO’s. This is a link to the one that has generated so much interest http://buytolet.property118.com/properties/view_details/161

Anthony Endsor

12:10 PM, 22nd May 2015
About 4 years ago

I have a property I'm looking at selling, which has a tenant in situ, and is being managed by a Letting Agent. The big problem I can see with this is viewings, as they would have to be arranged through the tenant and agent.
I am however in the process of buying a property with a tenant in, and the mortgage has been accepted, and the solicitors don't see a problem with it, although it does incur an extra £75 charge with them.

Mark Alexander

15:29 PM, 22nd May 2015
About 4 years ago

Reply to the comment left by "Anthony Endsor" at "22/05/2015 - 12:10":

Hi Anthony

Usually, when tenants hear that their landlord is selling up they panic because it usually means they will have to find somewhere else to live. Moving is costly and creates a lot of hassle.

When tenants learn that you are only looking to sell to another landlord these issues don't arise. On that basis, they are generally keen to help you to sell to another landlord because they know that if you don't then you will probably end up selling to an owner occupier. You can also provide an incentive to tenants to be helpful, e.g. a cash bonus if they help you to sell the property tenanted.
.

helena dolisznyj

14:04 PM, 7th January 2016
About 3 years ago

I'm looking to buy more BTL. But I can not see how get to the properties for on this site?

Can anyone share the link so I can go direct to it please!.
Thanks


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