If you’ve toyed with the idea of investing in a buy to let property but have never taken the plunge – now might be the time to give it some serious consideration. (New pension freedoms mean thousands of older people are already doing just that.)
There are currently several compelling reasons why it could be a great investment solution:
A report at the end of April by Moneyfacts stated that buy to let mortgage rates are tumbling; at the same time the report found there’s been a dramatic increase in the number of mortgages available: Two years ago, there were just five two-year fixed rate buy to let deals priced below 3%; today that figure has rocketed to 83.
All the while, rents have been rising continuously. The argument for buy to let is compelling.
But the question is where do you start looking for an investment property?
Sue Fisher is the managing director of Preston Bennett – part of the Hamptons International group and an agency specialising in North London and Home Counties’ property:
“In my job, I see a lot of high quality properties being bought and sold in and around the capital, but there is something about Millbrook Park in Mill Hill that really caught my attention. To start with, a Linden Home is always a really lovely product and all of them are beautifully finished.
“But combine this with the location – near the station and within easy commuting distance to the city – and you have a really special property. I quickly realised the investment potential of these homes and I was impressed enough to buy one myself.”
Last summer, Sue reserved a Millbrook Park one bedroom apartment off plan. As soon as the apartment was ready, she rented it out.
“The apartment is beautiful: It’s cleverly designed and expertly finished. Not only does it have the wow factor, it also has its own roof terrace offering private outside space.
“Because of the superb location, Millbrook Park homes command high rentals and I’ve already seen a considerable amount of capital growth in the apartment itself. I would much rather be investing my money in property like this – I think it’s far more productive than letting your cash languish in the bank.”
Simon Pendlebury is the director of sales and marketing at Linden Homes Chiltern:
“London is still an obvious choice for property investment and there seems to be an unrelenting appetite for rental properties in the captial. With so much demand from people moving in from around the UK, those coming in from abroad and the young professionals who might be finding it a struggle to buy their own London home, the buy to let market in the capital is extremely buoyant.”
Millbrook Park is within easy reach of the centre of London, yet far enough away to offer a sanctuary for busy commuters. Within the NW7 postcode, Millbrook Park is close to the Mill Hill East underground station – so is within Travelcard Zone 4 too.
For more information the investment opportunities available at Millbrook Park in Mill Hill, please call 0844 488 3192. You can also find more details of the homes available on the Linden Homes’ website.
Visit Linden Homes in person: The sales and marketing suite at Millbrook Park is open every day from 10am to 5pm.
For further information, contact Claire Cathersides or Emma Cox at Remarkable Group on 01962 893893.
References to “we”, “us” or “our” are to the part of the Vistry Group (including Linden Homes, Bovis Homes, Countryside Homes, Drew Smith, Vistry Ventures or one of Vistry’s joint venture companies) from which you are intending to purchase a new home. References to "you” and “your” are to the prospective buyer or buyers of a new home from us.
All images are used for illustrative purposes only and are representative only. They may not be the same as the actual home you purchase and the specification may differ. Images may be of a slightly different model of home and may include optional upgrades and extras which involve additional cost. Individual features such as windows, brick, carpets, paint and other material colours may vary and also the specification of fittings may vary. Any furnishings and furniture are not included in any sale. Please check with our sales consultants for details of the exact specifications available at the development(s) for each type of home and the associated prices.