Where should you invest in property?

Property can prove to be a great way to secure a stable, passive income when purchased as a buy-to-let.

This is because not only do you receive a consistent income from renting, often covering the cost of any mortgage, you also benefit from owning an asset that will receive a capital gain – a great alternative to keeping money in an interest account.

However, the success of your buy-to-let property investment comes down to a variety of factors. As well as the type of property you purchase and the way you market the property (think HMO, student property), a significant factor is where you opt to make your property investment.

So, where are the best places across the UK to invest in property?

Best areas for capital growth

The latest research has provided interesting insights into the locations of some of the best property investments you can make. Despite turbulent market conditions as a result of the ongoing uncertainty surrounding Brexit, several areas in the UK are continuing to see house price growth and high levels of rental yield.

Whilst many may assume Northern cities such as Manchester and Liverpool to have received the highest house price growth, North Devon actually tops the table at a whopping 15 percent year on year growth in property prices.

Stated to be due to the areas continued attraction to those living across the UK, inward migration toward North Devon is high. With a relative scarcity when compared to other areas across the UK. House prices have grown, and property owners have benefited.

Wales has seen high levels of growth in this area as well. Areas in Wales that have seen high levels of growth include Merthyr Tydfil at 13 percent and Caerphilly receiving average growth of 11 percent.

Looking at the capital, house prices are up 10 percent in Camden, with property across the rest of the capital receiving fairly low growth, especially when compared to recent years pre-Brexit.

Where you would assume a link between house growth and rental income, this does not appear to be the case. Looking further into the findings, we see a number of other areas rank high for best areas for a buy-to-let property.

Best areas for buy-to-let

When it comes to increase on return from rental yield, Glasgow takes top spot. Glasgow has seen a 6.5 per cent increase in rental yields over the past year. In fact, Scotland as a whole appears to be experiencing something of a surge, with Midlothian (6.8 per cent), East Ayshire (6.8 per cent) and West Dunbartonshire (6.7 per cent) accounting for the next three highest on the list, with the top 10 also dominated by Scottish towns and cities.

Elsewhere, Burnley saw rental growth increase of 6.5 per cent with the Western Isles seeing a 6.2 per cent increase. Those looking to invest in property for buy-to-let purposes that are less particular about where the investment is held will see high value in Scotland.

A reflection of the market 

We are seeing a change in the way the rental sector is headed. Changes being introduced have made it difficult for landlords to get a return like they once did, largely due to changes made by the Government to make it easier for first time buyers to enter the market.

In addition, with the advancement of tech-based solutions to traditional obstacles, geography of a property investment is becoming an ever-increasing smaller hurdle. Property investments now can be managed just about anywhere in the world. This makes it easier for first-time investors to make a successful investment.

This management has been facilitated by digital rental platforms, allowing landlords greater control whilst managing their property portfolio, wherever these properties may be, at any time of the day. Like many working industries, the ability to manage a property is becoming more and more remote.

Letting agents are also providing greater piece of mind to landlords as they begin to operate at a UK-wide radius, becoming better placed to deal with all manner of queries the tenant may have. This ability to invest across the UK is allowing landlords to maximise their financial gain by investing in their preferred areas across the country.

Should You Go For An Installment Loan?

If you want to plan your finances judiciously yet don’t want to give up on the little pleasures of life then yes you can hold onto the installment loans tightly. Installment loans can actually be a lot beneficial in case you face any sort of financial emergency.

If you don’t have enough money but need to tackle a situation that requires considerable funds, an installment loan can help you. Installment loans allow you to borrow a certain amount of money which you have decided to borrow. Later on, the borrowed amount needs to be paid every month over a fixed period.

There are many benefits of installment loans; we shall look at the top 7 benefits that can save you from unforeseen monetary disasters.

  1. In the case of installment loans, you know exactly how much you have to pay because the amount remains the same. This will enable you to fix your budget and you will be able to save money because reliable interest rates will help you to understand and predict your monthly payments. The pressure of paying off the installments will make you disciplined and careful with money. In case you opt for fixed interest rate loans the core components of your payment structure tends to remain the same.
  2. You can take installment loans if you want to continue with your higher education. Suppose you want to get into a college abroad but the expenses are exorbitant, don’t worry…opt for an installment loan and pay off the loan when you complete your studies and get settled in life with good income.
  3. If you want to buy a house or a car but you don’t have that kind of money to pay upright? Well, don’t you worry friend… installment loans will help you right away. Nowadays there are online installment loans instant approval which means you don’t have to visit several banks to get a loan plus the loans take some time to get approved but with certain online installment loans are so easy that your work gets done within the blink of an eye… okay, not that fast… but yes pretty fast. Once you qualify for the loan your loan will get approved almost instantly. This system is pretty hassle-free and people all over the globe are opting for these because they are super convenient.
  4. Installment loans provide peace of mind because you know that you are going to pay off the loan within a given duration say 6 months or 1 year. The timeline, however, is decided by the lender. Some installment loans have very nominal interest rates if you can choose wisely bingo! You’ll strike it lucky….but you will have to cut your coat according to your cloth, do not go for installment loans that can stretch your monthly budget else things will really get difficult for you.
  5. Any unforeseen financial crisis can be handled in no time with the help of installment loans. Any sort of medical emergency or any other emergency can spring up at any moment but you will be able to hold back the peace of your mind why? Because you can opt for installment loans with instant approval and lower interest rates. Later on a monthly basis, you will be able to pay off the loan as and when you get your salary credited in your account. Online loans are an easy and fast way of getting access to credit.
  6. If you opt for installment loans with longer repayment term then good for you because you will get enough time to pay off the loan slowly and steadily without having to think about cash crunch or anything of the sort. Some installment loans will give you years say 15 years to pay off the loan so amortization for a longer period can be beneficial for you.
  7. Even if your credit score is not that great…you don’t have to worry because you still are eligible to apply for installment loans because there are many companies which give out loans for all kinds of circumstances. All you have to do is assure that you will be able to repay the amount you have borrowed along with the interest for that you can hand over your monthly payslips and show them how much you earn.

Can You Get a Hardship License if Your License is Suspended?

When it comes to legal questions, there are no easy answers. Generally, the answers to legal questions depend on the circumstances surrounding a case. The same is true for a question regarding a Mass hardship license. Although some people can get an MA hardship license if they have their license suspended, not all individuals are able to do so. Find out who is eligible for the license and what it means for you.

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