07 Apr 5 Reasons to invest in UK rental property
Buy-to-let remains one of the first preferred options of investors looking for property investment in the UK. After all, it comes with plenty of benefits.
If you’re looking to invest, here’s our top 5 reasons to invest in a buy-to-let property:
1. RENTAL INCOME
If you are seeking a way to earn passive income, property investment in the UK is your best bet. You will receive a certain amount in the form of rent from your tenants. If you choose an investment wisely even after paying the mortgage and taxes, you can save a decent amount.
2. HIGH DEMAND
Competition between tenants for available properties was nearly double (+94%) at the end of 2021 and an imbalance between supply and demand continues.
3. CAPITAL GROWTH
You could generate capital growth as your money grows as your property value increases. A suitable property will always increase in value after a few years. Be sure to analyse property data to reap maximum benefits in the long run.
4. OFFSET COSTS AGAINST TAX
Offsetting some costs against your self-assessment tax return is possible. These costs include fees you pay to letting agents, interest on your mortgage payments(SPV), money spent on advertising your property, repairs, and council tax. Tax relief for maintenance repairs and renovations may also be available.
5. DISCOUNTED PRICES AVAILABLE
For investors, sometimes you can snap up a deal by buying property for auction, repossessions, properties with short leases or cash deals etc.
Our team of local people have extensive knowledge about properties in our area and are on hand to help and offer advice on your next investment. Get in touch today on email@example.com or 0113 2390012 to discuss growing your portfolio with HARDISTY AND CO.