Tailored to you
Whether you are a first time buy-to-let (BTL) investor or an experienced portfolio landlord, we at VIKINGS understand what is required for you to achieve a maximum potential for your investment.
VIKINGS offers you comprehensive advice every step of the way helping you decide which is the right type of property for you to purchase, what property provides the best yield/capital appreciation, and the level of professional management for your property. We aim to furnish you with a service that provides you with a rewarding and satisfying journey through the world of property investment.
VIKINGS has been managing landlords’ investments for over 30 years and during this time we have gained invaluable knowledge and experience in all matters relating to property investment. We aim to pass on our knowledge and expertise to ensure that you feel your investment is in safe hands with us for many years to come.
As obvious as it sounds, you are not going to be living in the property; therefore, it is beneficial to make the purchase purely on a business basis. Market research is key when deciding on the right property for investment. There are many things to consider, such as: what location has a good rental demand? Which are up-and-coming areas? Which type of property is most suitable for renting? Will the property be easy to maintain initially and ongoing? Is your tenant audience a young professional or a young family?
Remember, always be patient; it may take time choosing the right property but it will be time well spent. VIKINGS has been helping investors choose the right property for over 30 years and we would be happy to advise you based on our expert knowledge of the local market.
Rental yield is the most important factor in your decision to invest in property. Your rental yield is the annual return you will receive from your rental income, as a guide: a 5% return is considered a good return in the current marketplace.
A simple way to calculate the rental yield on your property is:
Divide the annual rental income (or expected rental income) by the property’s purchase price (or current market value) then multiply by 100 to get the percentage.
The other key factor in your decision to invest is your capital appreciation (gain) on the property. This is viewed by many as long-term gain; it is important, therefore, for you to maintain and improve the property over your period of ownership. Typically, if you held onto the investment for 10 years you are likely to achieve a sizeable gain based on property value increases over the last 10 years. We should add that a lot depends on economic and property market conditions at the time of sale, which will have an impact on what gain you actually achieve.
There are also tax implications for both rental income and capital gain, so please ensure you seek advice from a qualified accountant to ascertain your potential liabilities.
Stamp Duty is something that many investors forget to consider when factoring in purchasing costs. Please use our stamp duty calculator to work out how much you will need pay. It should be pointed out that due to the Covid-19 pandemic, the government has temporarily changed the rules around Stamp Duty. The latest information can be found here.