Discover how to make the right UK property investment with this guide!
Looking to invest in UK Property? If you are based outside of the UK, this guide has all the essential information you need to get started. If you have further questions then don’t hesitate to get in touch.
When investing in UK property, you will get the best results if you follow our proven 3 step approach which we have outlined below.
From stocks and shares to cryptocurrencies and properties, there are many ways to invest your money with a hope to achieve long-term success, but there is only one method that consistently provides solid returns while not being prone to huge fluctuations, and that’s property investment.
The saying in English is “as safe as houses” and the UK property market has a proven history of providing stability for investments as well as continued growth – and while we can never guarantee what will happen to any investment in the future, the prospects in the UK property market look very good.
As well as appreciating the opportunities for investing in the UK property market, it’s important to understand where in the UK you can get higher returns and there has been significant developments in cities such as Manchester, Birmingham and London in recent years.
To understand more about the opportunities for investing in UK property, get in touch and have a free chat with one of our friendly real estate brokers. We would be happy to run through some financial numbers with you.
When it comes to investing in property, there are many things to consider from raising finance and arranging legal paperwork to finding someone to rent your property if you are investing to buy-to-let.
It’s important to understand the basics of the process and what the requirements are. You don’t need to know all of the details of the process at this stage but working with a proven, established real estate broker will help.
First, check that you are eligible to be able to buy and raise finance for buying a property. You might want to read the following articles on these topics:
Can I buy property in the UK?
Can I get a mortgage in the UK?
To speed up the process, it’s recommended to have a mortgage approved in principle before making an offer on a property. This reduces the risk of any problems during the purchasing process.
Knowing how much money you can invest also helps to understand which properties would make a great investment for you. It’s important to also factor in transaction costs such as legal fees and Stamp Duty. (if you aren’t sure what Stamp Duty is then we have another article to help out: How much is Stamp Duty?)
The next step is to research investment opportunities, and there are two ways to do this: the hard way and the easy way. The hard way is to spend hours looking at various online websites trying to understand the pros and cons of different properties, their location, age etc and to find the right one. Alternatively, get in touch with a real estate broker that understands the UK market as well as the needs of anyone looking to buy from overseas.
Having the right expertise will ensure that you get the most out of your investment and that you find the right property for your needs.
Once you have shortlisted potential properties, find out as much as you can about them. Don’t be afraid to ask the seller plenty of questions.
Found a property that you would like to invest in? Great! Now is the time to make the purchase and the process of buying and selling begins (which we explain later on).
By working closely with a professional real estate broker, the process of finding the right property can be much easier and much less daunting. You will also receive valuable insights on if a property and its location is a good investment opportunity and how the process works.
In summary, the process is:
If you are investing in UK property for the first time then it’s important to have access to the best expertise available – and that can be achieved by partnering up with the right people to help you. Over time, if you make further investments into UK property, you might not need to rely on this expertise quite so much but as a first time investor, every bit of expertise and advice you get is valuable!
By working with a solicitor that understands UK real estate laws as well as working with a real estate broker that knows the UK property market you will be able to make better decisions and ensure that your UK property investment is a success.
Having access to the right expertise ensures that you find the right property with the best long-term investment returns. The best route to success is by understanding investment trends as well as other local factors such as laws and taxes.
The buying process
Once you have an understanding of the process and the size of the opportunity, and worked with a supportive real estate broker to purchase a property, it’s time to work through the process of completing the sale.
Your real estate broker will guide you through the general process but you will need to also liaise with a solicitor to complete the legal side of the process. If you need to raise funds then you will also need to ensure the details of your lender are passed on to your solicitor.
When investing in UK property, make sure you understand the risks as well as the opportunities. If managed properly with the right level of expertise, you will benefit from fantastic returns on your investment.
Ready to start looking for a UK property to invest in?
We hope you have found this beginner’s guide to investing in UK property useful. If you are ready to start looking for the right property investment then get in touch. We would love to have a free initial chat with you to understand your requirements and help make finding the right investment as easy and hassle-free as possible for you. Call us today!
Stamp Duty Land Tax (SDLT) is something that a lot of overseas investors need to know about but most don’t. We’ve put together a simple guide outlining everything you need to know about Stamp Duty as a non-resident UK property investor.
Maximize your investment with these 3 top places to invest! Looking to invest in property in the UK? There are many areas in the UK to consider buying a property but in this article, we provide insights on our top 3 places to invest in the UK. For more information on property investments in the UK, get in touch.
A recent report has found that property investors seeking the highest rental yields are increasingly looking at newly built homes. Buying off-plan is often cheaper in the UK than buying an existing property because developers will usually offer a discounted sale price to attract investors to their projects.
The UK has become a popular location in recent years for property investment from around the world – including Hong Kong and the Middle East – and while the return on investment in some countries has become a lot more challenging, the UK continues to offer long-term growth and stability.