Bow has seen a great deal of interest from investors choosing buy-to-let property, because of the growth in this area of the London property market. There is a wide variety of housing to choose from, and the E3 area has a strong appeal for renters, whether professionals or families. Good public transport and the legacy of the Olympics continually draw new people to the area.
Changes to buy-to-let mortgage legislation – what does this mean for landlords letting property in London?
New buy-to-let mortgage legislation is changing the way landlords buy property in London and the rest of the UK. Performance is now judged on a landlord’s whole portfolio, not just the property being mortgaged or remortgaged. Business plans must be shared with lenders, and subjected to rigorous “stress testing” before a mortgage can be approved.
Floor-to-ceiling windows offer stunning views and can, with the right aspect, even help warm your home. Natural light is good for all-round wellbeing and large windows make a great impression on potential buyers. Anyone selling London property with full-length windows should make the most of them and make sure they’re spotlessly clean before a viewing.
Developers looking for London estate agents to market their new build know to approach those who understand what makes a development different. Whether your development helps people form a community or encourages them to put down roots, Henry Wiltshire can market property to the right buyers in the right way.
The Bank of England is expected to increase its rate for the first time in a decade, and mortgage rates are already climbing in anticipation. However, there are still some low rates available, and wise investors and London house buyers are moving quickly to ensure they benefit from the remaining deals.
London developers understand the importance of working with the right estate agent to market their properties. A strong London base, overseas offices and in-depth local knowledge all contribute to a successful marketing campaign, which Henry Wiltshire has already delivered for countless developments worldwide.