How to invest in Liverpool/Manchester as a Londoner

by Readers Question

14:30 PM, 23rd February 2017
About 2 years ago

How to invest in Liverpool/Manchester as a Londoner

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How to invest in Liverpool/Manchester as a Londoner

Dear All, I live in London and have my property investments in London and I also work in London.M6

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



Comments

Neil Patterson

14:32 PM, 23rd February 2017
About 2 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/

Sam Addison

11:34 AM, 24th February 2017
About 2 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.

Amjed Khan

17:45 PM, 24th February 2017
About 2 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.

Gavin R

12:08 PM, 25th February 2017
About 2 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.

Gary Dully

4:14 AM, 26th February 2017
About 2 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.

Gavin R

10:32 AM, 5th March 2017
About 2 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.

Amjed Khan

18:37 PM, 5th March 2017
About 2 years ago


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