Best places to invest in property in 2023 | UK Buy-to-Let
29 November 2022
Selecting a location for your next real estate purchase is one of the most important decisions for investors. Mobibi Invest
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Investing in Buy-to-Let Property: How to secure the best mortgage deals in uncertain times
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Most people who have bought a home have considered the idea of investing in Buy-to-Let property at some point or
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- Understanding The Basics
It is totally free to use our service. The only fees you will pay are the typical fees involved in purchasing a property (legal fees, SDLT etc).
For a free, and totally no obligation, consultation contact Mobibi Invest today.
Yes, Mobibi Invest are regulated by The Property Ombudsman (TPO). You can search for us within their list of members here.
The process when purchasing a property through Mobibi Invest is very simple, and much like any other property purchase you may have made in the past.
Initially you would begin by having a consultation with one of our experienced property consultants. After understanding your investment goals, aspirations, and constraints in detail your consultant would present you with a number of options that could help you achieve your goals.
Should you wish to proceed, after a full analysis of the opportunities presented, then typically you would pay a small reservation deposit in order to secure your chosen unit and you would undergo an Anti-money laundering (AML) check as per UK law. After this you would primarily deal with your lawyer and our after-sales team who help you and guide you through the conveyancing process ensuring your security in the purchase throughout.
Typically, this takes 4-6 weeks at which point you would exchange contracts, and if you are purchasing a completed property, complete on you purchase either simultaneously or within a few days.
To understand more about how this process works, please do get in touch with Mobibi Invest today.
In short, the process is almost identical.
The primary difference to bear in mind is – if you are purchasing using a different currency to GBP – to account for any fluctuations in currency rates that occur between reservation and exchange/completion ensuring that you will have enough conclude your transaction.
Should you wish to discuss this, along with any additional benefits that could be utilised as a result of buying property as a foreign national, please get in touch today to discuss with one of our experienced consultants.
Whilst we always attempt to offer as much of a selection of well-vetted property investment opportunities on our website. Sometimes, however, due to the fast-moving nature of the property industry, properties can sell out before they are listed online.
In addition, often developers or sellers, prefer their properties or projects to be kept offline – we call these ‘off-market’ opportunities.
For more information on off-market opportunities and how they could work for you, get in touch with Mobibi Invest today to find out more.
Selecting a location for your next real estate purchase is one of the most important decisions for investors. Understanding the best place to invest also depends on your goals as an investor.
Those paying close attention to the property market will understand that trends outside of the capital have given investors a clear indication of what regional markets have to offer.
Property hotspots, including the North-West, the Midlands and London commuter belt towns, where buyers can find considerably lower entry-level properties, offer greater scope for capital growth and rising rental yields in the coming years. (link to blog)
To find out where the best place is for you to invest, contact Mobibi Invest today.
- Investment Fundamentals
Yields can vary greatly depending on location, project and asset class. For instance, yields in northern cities tend to be greater than in southern cities. Student property tends to be higher yielding than residential property, and variables much like this continue throughout our portfolio of properties.
Suitability of investment is also not always be based on yield – growth potential, regeneration of an area, population, local employment opportunities and many more aspects are all aspects to be considered when identifying a good opportunity.
For more information, contact Mobibi Invest to discuss your investment goals and to establish the best options for your circumstances.
Every project we offer differs greatly in terms of structure. Most of the yields specified are projections based on the current market conditions and consultations with local agents.
Some projects, however, may have a defined ‘lease-back’ period where returns are fixed throughout a certain period. Some may be ‘guaranteed’ by way of a guarantor underwriting the arrangement, others may not.
Most of our projects do not come with this type of arrangement in place, although in some instances a management agreement may have been arranged for a pre-determined amount of time essentially ‘assuring’ your income for the first year or so.
To understand more about finding the structure than aligns with your investment criteria, please get in touch with us today to speak with one of our senior property consultants.
Capital growth is not something that can be ‘guaranteed’ without the aid of a crystal ball. Although, a thorough understanding of the markets and socio-economic drivers that tend to lead to capital growth can help predict such future performance, due to the ever-changing political landscape it can be a minefield to navigate.
Of course, over enough time, property prices will almost always increase, due to the limited supply and ever-increasing demand across the UK.
To understand more about this, please get in touch today and one of our experienced advisors can talk you through the current market conditions and how they work with your investment goals.
- Financial Information
Whilst we have properties starting from as little as £60,000, they are not mortgageable so you would need the full purchase price available to invest.
If you are looking at using a mortgage to purchase an investment property you would require at least a 25% deposit, allowing extra for stamp duty.
As our range of properties changes regularly, it is worth keeping an eye on what we have available or speaking to one of our experienced property consultants to understand more.
No, we are not mortgage consultants.
At Mobibi Invest we have a firm belief that only the best in class will do in any facet of our organisation.
With this in mind we are always recommend that speaking with a professional is best. We are always happy to recommend mortgage brokers whom we have worked with over the years and trust to maintain the high levels of professionalism that we are able to offer here in house in our own areas of expertise.
If you would like to be put in touch with one of our trusted mortgage brokerages, please do get in touch with Mobibi Invest today.
No, we are not financial advisors.
At Mobibi Invest we have a firm belief that only the best in class will do in any facet of our organisation.
With this in mind we are always recommend that speaking with a professional is best. We are happy to recommend financial advisors whom we have worked with over the years and trust to maintain the high levels of professionalism that we are able to offer here in house in our own areas of expertise.
If you would like to be put in touch with one of our trusted financial advisors, please do get in touch with Mobibi Invest today.
There are many variables involved in calculating income tax and, as previously stipulated, we are not tax or financial advisors.
If you would like to be put in touch with one of our trusted partners whom we have built up a relationship with over time, please do feel free to get in touch and we would be happy to make an introduction.
Residential SDLT Rates
You pay stamp duty at these rates if, after buying the property, it is the only residential property you own. You usually pay 3% on top of these rates if you own another residential property, with an additional 2% added if you are an international investor.
| Property or lease premium or transfer value | SDLT rate |
|---|---|
| Up to £250,000 | Zero |
| The next £675,000 (the portion from £250,001 to £925,000) | 5% |
| The next £575,000 (the portion from £925,001 to £1.5 million) | 10% |
| The remaining amount (the portion above £1.5 million) | 12% |
Any changes can seen on the HMRC website.
For additional information on how these charges affect your potential purchase, please do get in touch with Mobibi Invest today.
Yes. Many of our off-plan properties have staged payments.
The amount required does, however, vary from project to project.
To find out more, get in touch with Mobibi Invest today.
- Off-plan Property
This depends on whether you are looking at purpose-build student accommodation (PBSA) or a student house of multiple occupancy (HMO).
Mortgage products are not normally been available in PBSA units so you would be required to make the entire purchase using cash.
With an HMO purchase it will depend how the property is structured, but regardless mortgage products do tend to be more available although if the property already has an HMO licence then you would need to be looking at commercial mortgage products.
If you would are keen to speak to a mortgage professional, or in the first instance, have a preliminary conversation with a senior property advisor, feel free to get in touch today.
A property is classified as Houses in Multiple Occupation (HMOs) if at least three tenants live there, forming more than one household, sharing a bathroom or kitchen facilities with other tenants.
Whereas PBSA houses university students, HMOs can house residential tenants (think young professionals) and students.
Unlike entering the ownership of a new apartment within a modern block with a warranty, investors purchasing HMOs will likely have the maintenance and repair expenses of traditional older properties, meaning that profits may be eroded by refurbishing older houses to modern standards. In addition, HMOs are typically managed by the property owner.
It’s worth noting that HMO rules vary depending on local councils, meaning you may have to pay to be a registered landlord or invest in the property heavily to keep up with industry standards.
The simplicity of Purpose Built Student Accommodation investments is one of the reasons why the sector has moved into the mainstream.
Much like a traditional Buy-to-Let property investment, invest in a unit on a leasehold basis and will typically secure an assured rental income for a pre-determined period.
Due to the lower entry level of this asset class, student accommodation allows investors to secure significantly higher rental returns than the average residential property.
Alongside rental assurances, a lower (sometimes zero per cent) Stamp Duty obligation is payable. The fully managed aspect of the opportunity is ideal for international investors who want to build a robust portfolio.
PBSA is ideal for investors who want a contractually assured ROI on their investment during continual change.
Click here to browse the student property opportunities we have available. Alternatively, if you would like to find out more about how student property investments work, please get in touch today to speak with one of our senior consultants.
Sometimes. Whilst many PBSA properties are exempt from stamp duty it is not to be taken as a matter of fact.
Although, even in the instances where SDLT is payable it is often much less than on many residential purchases due to the lower value of the properties.
Before committing to a purchase of any PBSA unit please do confirm with your agent and/or lawyer to ensure what your potential liability may be.
To discuss more about student property investments please get in touch with Mobibi Invest today.
- Student Property Basics
This depends on whether you are looking at purpose-build student accommodation (PBSA) or a student house of multiple occupancy (HMO).
Mortgage products are not normally available on PBSA units so you would be required to make the entire purchase using cash.
With an HMO purchase it will depend how the property is structured, but regardless mortgage products do tend to be more available although if the property already has an HMO licence then you would need to be looking at commercial mortgage products.
If you would are keen to speak to a mortgage professional, or in the first instance, have a preliminary conversation with a senior property advisor, feel free to get in touch today.
A property is classified as Houses in Multiple Occupation (HMOs) if at least three tenants live there, forming more than one household, sharing a bathroom or kitchen facilities with other tenants.
Whereas PBSA houses university students, HMOs can house residential tenants (think young professionals) and students.
Unlike entering the ownership of a new apartment within a modern block with a warranty, investors purchasing HMOs will likely have the maintenance and repair expenses of traditional older properties, meaning that profits may be eroded by refurbishing older houses to modern standards. In addition, HMOs are typically managed by the property owner.
It’s worth noting that HMO rules vary depending on local councils, meaning you may have to pay to be a registered landlord or invest in the property heavily to keep up with industry standards.
The simplicity of Purpose Built Student Accommodation investments is one of the reasons why the sector has moved into the mainstream.
Much like a traditional Buy-to-Let property investment, invest in a unit on a leasehold basis and will typically secure an assured rental income for a pre-determined period.
Due to the lower entry level of this asset class, student accommodation allows investors to secure significantly higher rental returns than the average residential property.
Alongside rental assurances, a lower (sometimes zero per cent) Stamp Duty obligation is payable. The fully managed aspect of the opportunity is ideal for international investors who want to build a robust portfolio.
PBSA is ideal for investors who want a contractually assured ROI on their investment during continual change.
Click here to browse the student property opportunities we have available. Alternatively, if you would like to find out more about how student property investments work, please get in touch today to speak with one of our senior consultants.
Sometimes. Whilst many PBSA properties are exempt from stamp duty it is not to be taken as a matter of fact.
Although, even in the instances where SDLT is payable it is often much less than on many residential purchases due to the lower value of the properties.
Before committing to a purchase of any PBSA unit please do confirm with your agent and/or lawyer to ensure what your potential liability may be.
To discuss more about student property investments please get in touch with Mobibi Invest today.
- Blog
Best places to invest in property in 2023 | UK Buy-to-Let
29 November 2022
Selecting a location for your next real estate purchase is one of the most important decisions for investors. Mobibi Invest highlights the best places to
Investing in Buy-to-Let Property: How to secure the best mortgage deals in uncertain times
19 October 2022
Most people who have bought a home have considered the idea of investing in Buy-to-Let property at some point or another. Buying to let has