How to invest in Liverpool/Manchester as a Londoner

by Readers Question

2:30 PM, 23rd February 2017, 9 years ago 7

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Landlord News Landlords Questions

Dear All, I live in London and have my property investments in London and I also work in London.

Given the current property market in London is going through difficult times especially with low yields and high prices and strict BTL lending criteria, I am tempted to look North (Liverpool/Manchester etc.), where the prices are still affordable with much better yields than London.

But the challenge I am faced with is, the distance and the general market knowledge (I could work on this).

Can the readers suggest options to invest in these areas for someone in my situation?

Thanks.

Gavin

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Comments

Neil Patterson Read Full Bio

Member Since February 2011 - Comments: 3453 - Articles: 286

2:32 PM, 23rd February 2017, About 9 years ago

Hi Gavin,

In my opinion there is no substitute for in person feet on the ground due diligence.

Please also see our property research tool >> https://www.property118.com/property-reseach-tool/

and Landlord Calculator >> https://www.property118.com/calculating-rental-yields-and-returns/

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Sam Addison Read Full Bio

Member Since April 2014 - Comments: 163

11:34 AM, 24th February 2017, About 9 years ago

I invest in Leigh, Lancashire, (which is between Manchester and Liverpool), with the help of a local letting agent who was brought up in the town and is Gypsy stock (his words) so knows all the bad boys. Because I have met him many times I am able to have confidence in his local knowledge and also in him personally.
It is very possible to invest at a distance as Mark Alexander demonstrates but I would suggest a visit to the area and a face to face meeting with local agents is vital.

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Amjed

Member Since June 2016 - Comments: 21

5:45 PM, 24th February 2017, About 9 years ago

I have lived most of my life in Manchester. I have invested in Manchester and also in the Midlands despite having a hectic job as a cardiologist. I have helped an overseas investor from making some horrendous mistakes. I’m sure you can invest from a distance. Having a trusted local person helps lot. Good luck and all the best.

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Gavin R

Member Since January 2016 - Comments: 4

12:08 PM, 25th February 2017, About 9 years ago

Thanks all for your comments.

Totally agree – nothing like being in person. I guess, few initial visits followed by using the service of someone trusted probably is the way forward.

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Gary Dully

Member Since September 2013 - Comments: 534 - Articles: 2

4:14 AM, 26th February 2017, About 9 years ago

If you fancy some help with a possible future Joint Venture send me a contact number via my profile and I will have a chat with you.

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Gavin R

Member Since January 2016 - Comments: 4

10:32 AM, 5th March 2017, About 9 years ago

Reply to the comment left by “Gary Dully” at “26/02/2017 – 04:14“:

Thanks Gary. I could not find an option to send a message via your profile.

If you are able to, please let me know.

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Amjed

Member Since June 2016 - Comments: 21

6:37 PM, 5th March 2017, About 9 years ago

My email is
[email protected]

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