The buy to let sector continues to do well for landlords - but student accommodation is setting the benchmark for letting performance.
Despite monthly rents increasing by 2% during 2013, the average buy-to-let yield for a UK landlord sits at 6.1% gross, down 0.1% on 2012. But student accommodation thrashes this figure with sustainable and assured yields of 7 to 9% - net.
Peter McDermott, Director of UK-based Go Global Investments, said: "These latest figures from Countrywide Residential Lettings show that despite 'Generation Rent', where the number of people renting from a landlord has doubled to 8.5 million in 15 years, gross rental yields are sticking around the 6% mark.
We have particular expertise in the acquisition of property on behalf of overseas clients, as well as hundreds of UK based investors, who are either too busy or too distant to be constantly searching websites, speaking to estate agents and wasting time viewing unsuitable properties.
A large proportion of our investor landlords have never met us in person and have never seen their investment properties. Our whole relationship with our clients is based on absolute integrity and trust.
In addition to our expert local knowledge of the market, scottfraser is also able to ensure that our clients have access to the best solicitors, surveyors, mortgage brokers and other professionals, as well as offering essential guidance on how the property is best prepared for the Oxford lettings market.
Consultation - initial discussion to ascertain the client's requirements, budget and reason for investing.
Indentification - appraising and pinpointing the best possible opportunties available and making clear recommendations, including advice on how best to prepare the property for letting.
Negotiation - ensuring the best possible deal is achieved, not only on price but on other important aspects of the purchase.
Purchase Co-ordination - introducing the client to other professionals as required to ensure swift exchnge and completion, liaising with the seller to arrange key collection, snagging (for brand new homes) and transfer of utilities.
Design, Refurbishment & Furnishing - advising on and project managing the preparation of the property for rental.
Lettings & Property Management - a comprehensive service from initial marketing, preparation of legal documents and on-going property management to ensure the property realises its potential.
Disposal - knowing when to dispose of a property is as important as the right time to buy. Therefore we are on hand to assist should the property need to be upgraded, improved or sold in the future. In the event of a sale we endeavour to secure another investment purchase. This saves the seller an estate agency fee and allows the tenancy to continue thus negating the need to dispose of any furnishings. However if further exposure is required to achieve the best possible sale price we are able to pass the sale over to our residential sales department who provide competitive fees to scottfraser clients.
Fees - The initial consultation is free of charge but any purchase made is subject to a scottfraser acquisition fee based on a percentage of the purchase price and becomes due on exchange of contracts.
For more information please contact John Gebbels at Head Office on 01865 759926