Welcome back to another weekly update of hot property news, advice and investment strategies. Today, Kevin explores recent articles from ‘Landlord Today’ and ‘Property Investor Today’ covering the booming UK holiday let market, advantages of the current stamp duty holiday and dives into the best investment areas for consistent high yields from your buy-to-let.

 

Join the Progressive Property Community

 

KEY TAKEAWAYS

 
Lower purchase price areas that provide the highest yields don’t necessarily give you the least hassle. There is a much higher turnover of tenant and as a landlord investing during the current economic climate you may see missed payments and tenants facing redundancies.

 
There’s a common misconception is you want to invest big in an affluent area for a stress free, high return investment in the buy-to-let market. Areas with higher earners will always require a much larger investment cost upfront.

 
Cheap does not mean valuable. One of the best areas to invest in is right in between the low yielding and high yielding areas where there is good tenant demand and good employment prospects.

 
You should be looking to invest in the holiday let market to service the demand for staycations. Since the Stamp Duty holiday announcement in July, mortgage providers have seen a direct increase of 39% in mortgages for holiday lets and bookings for UK holiday let cottages in July increased by in 19% in July YOY demonstrating the boom in the UK holiday let market.


There is a delay in approved mortgage applications. Due to COVID restrictions local councils valuations and searches taking longer than normal. Additionally independent legal advice for purchases made through a limited company are also taking longer in tier 2 and 3 areas.



 

BEST MOMENTS
“Just because a higher yielding area looks like a greater investment, doesn’t necessarily mean that it’s the case.”
“The UK holiday let market is booming”
“You should be looking to invest in serviced accommodations with the stamp duty holiday and demand for staycations”

VALUABLE RESOURCES

https://www.landlordtoday.co.uk/

https://www.propertyinvestortoday.co.uk/

https://www.youtube.com/user/progressiveproperty


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Episode One: How to Perfectly Invest £10,000 | The Best Stocks | Property | Gold & Classic Cars
Watch Live On The Progressive Property YouTube Channel Every Monday At7PM Tiny.cc/PPTV
Listen To Audio Recordings On The Money Podcast bit.ly/moneypodcastitunes

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.   

CONTACT METHOD

https://www.facebook.com/kevinMcDonnellProperty/

https://kevinmcdonnell.co.uk/

Welcome back to another weekly update of hot property news, advice and investment strategies. Today, Kevin explores recent articles from &lsquo;Landlord Today&rsquo; and &lsquo;Property Investor Today&rsquo; covering the booming UK holiday let market, advantages of the current stamp duty holiday and dives into the best investment areas for consistent high yields from your buy-to-let.
&nbsp;
Join the <a href="https://www.facebook.com/groups/progressivepropertycommunity/">Progressive Property Community</a>
&nbsp;
KEY TAKEAWAYS
&nbsp;
<ul>
<li>Lower purchase price areas that provide the highest yields don&rsquo;t necessarily give you the least hassle. There is a much higher turnover of tenant and as a landlord investing during the current economic climate you may see missed payments and tenants facing redundancies.</li>
</ul>
&nbsp;
<ul>
<li>There&rsquo;s a common misconception is you want to invest big in an affluent area for a stress free, high return investment in the buy-to-let market. Areas with higher earners will always require a much larger investment cost upfront.</li>
</ul>
&nbsp;
<ul>
<li>Cheap does not mean valuable. One of the best areas to invest in is right in between the low yielding and high yielding areas where there is good tenant demand and good employment prospects.</li>
</ul>
&nbsp;
<ul>
<li>You should be looking to invest in the holiday let market to service the demand for staycations. Since the Stamp Duty holiday announcement in July, mortgage providers have seen a direct increase of 39% in mortgages for holiday lets and bookings for UK holiday let cottages in July increased by in 19% in July YOY demonstrating the boom in the UK holiday let market. </li>
<li>There is a delay in approved mortgage applications. Due to COVID restrictions local councils valuations and searches taking longer than normal. Additionally independent legal advice for purchases made through a limited company are also taking longer in tier 2 and 3 areas. </li>
</ul>
&nbsp;
BEST MOMENTS &ldquo;Just because a higher yielding area looks like a greater investment, doesn&rsquo;t necessarily mean that it&rsquo;s the case.&rdquo; &ldquo;The UK holiday let market is booming&rdquo; &ldquo;You should be looking to invest in serviced accommodations with the stamp duty holiday and demand for staycations&rdquo;
VALUABLE RESOURCES
<a href="https://www.landlordtoday.co.uk/">https://www.landlordtoday.co.uk/</a>
<a href="https://www.propertyinvestortoday.co.uk/">https://www.propertyinvestortoday.co.uk/</a>
<a href="https://www.youtube.com/user/progressiveproperty">https://www.youtube.com/user/progressiveproperty</a>
 SUBSCRIBE TO THE A NEW INVESTMENT SERIES
Episode One: <a href="https://www.youtube.com/watch?v=ola_M3mWjj0&amp;ab_channel=ProgressiveProperty">How to Perfectly Invest &pound;10,000 | The Best Stocks | Property | Gold &amp; Classic Cars</a> Watch Live On The Progressive Property YouTube Channel Every Monday At7PM <a href="http://tiny.cc/PPTV">Tiny.cc/PPTV</a> Listen To Audio Recordings On The Money Podcast <a href="http://bit.ly/moneypodcastitunes">bit.ly/moneypodcastitunes</a>
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor &amp; Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people&rsquo;s property to create financial freedom.&nbsp;&nbsp;&nbsp;
CONTACT METHOD
<a href="https://www.facebook.com/kevinMcDonnellProperty/">https://www.facebook.com/kevinMcDonnellProperty/</a>
<a href="https://kevinmcdonnell.co.uk/">https://kevinmcdonnell.co.uk/</a>

The Progressive Property Podcast helps you make smarter property & real estate investments, for leveraged property success & financial freedom, even with little or no money down. Whether you're a buy & hold investor, flipper, deal packager, multi-letter, want to get started, scale up, systemise or create multiple streams of property income, the Progressive Property Podcast will save you time & mistakes & help grow your knowledge, skills, & confidence. No fluff or filler, no ads and deep-dive real life information from real-deal investors who have some of the UKs largest portfolios. Interviews with millionaires, billionaires & successful real life Progressive Property community members will help you build your income generating portfolio in less time. Invest for freedom, choice & profit.

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