No matter how experienced or knowledgeable you are, investing in buy to let properties comes with its own set of challenges. For instance, not finding a suitable tenant on time or struggling to maintain the home & tenants alongside other responsibilities.
Apart from the hassle of handling & maintaining the buy to let property, there are several other challenges buy to let investors face now. Here is a list to name a few:
Removal of Mortgage Interest Tax Relief
The section 24 tax changes state that mortgage interest payments of buy to let’s will no longer enjoy tax relief. This will have a massive impact on buy to let investors; however, research indicates that 49% of property owners aren’t yet aware of the potential consequences. 4 in 10 buy to let investors plan to invest through limited companies rather than independently. This is a tiring and costly process in itself.
The Letting Fees Ban
The letting fees ban came into force on the 1st of June in 2019 and has primarily impacted buy to let landlords. Not only does this ban hugely impact buy to let landlords, but it also impacts landlords as they now have to manage the bills for tenant referencing and inventories. One of the biggest challenges of buying to let property purchases is becoming a landlord and being responsible for everything from finding tenants to property maintenance.
Rising Inflation & decreasing yields
As inflation rises faster than ever, yields on buy to let investments are becoming less lucrative each passing day. It’s now up to buy to let investors hunt down opportunities that offer higher annual yields.
Rising property prices
Property prices in the UK are now rising faster than in over a decade, with London being the most expensive place to own a home. This has led to longer mortgages that demand higher deposits. Buying a house upfront is out of reach for the majority population, and the interest rates on loans are also rising exponentially.
Are there any alternative ways to invest in UK property?
Every buy-to-let investor out there is looking for an affordable, hassle-free, and high yielding way to own UK property. Concept Capital Group’s Buy To Let opportunity allows you to own a prefabricated home for only £42,999 and generate minimum yields of 10%
Though it's important to note that you’ll be owning the home only, and we will acquire the land through strategic partnerships. Hence, there are no additional costs or charges. Similarly, this is a cash-only purchase, meaning no interest rates are applicable.
To get onboard, all you have to do is visit our website at www.concept-capital-group.com and register your interest. Someone from our team will shortly get back to you and run you through the Buy To Let opportunity in detail. Once you’ve fully understood the opportunity, you’ll receive all relevant documentation along with the contract. Before getting you on board, we’ll run anti-money laundering checks, and you can start earning minimum yields of 10%.