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Reports have recently been revealed by Capital Economics, who expect the housing crisis to come to an end this year due to a loosening of the guidelines around credit. The analytics company records the average credit score rating to be agreed a mortgage is 700, which is higher than before the credit crunch, yet is consistent with requirements expected last year. A loosening of credit agreements and personal mortgages not only takes the stress and financial pressure of citizens wishing to step onto the property ladder; but also for private investors who will be able to secure mortgages and loans to fund property investments, generating more property in the rental sector and creating affordable homes on the market once again. Overall, the bank’s lending has significantly increased, both in relation to number and amount in comparison to earnings. Things are looking set to improve, easing the pressure of home owners, first time buyers and property investors. An insurgence in credit and loans re-ignites the market and makes it easier for the general public to afford mortgage repayments as well as afford rental prices as property once again is seen as a buy-to-let opportunity. Property investment companies are a great resource for those looking into investment property, Freshstart living, for example, offer apartments, student pods and key worker homes that were once abandoned or derelict buildings. By regenerating current infrastructure properties are resold at way below market value benefiting investors and future tenants, profit is still to be made on the properties, due to the low buying prices, even with a very reasonable rental price – attracting the majority who are looking for affordable homes. Student accommodation is one of the more popular buy to let properties gaining popularity over the last few years. After the recent reports in tuition fees, student loans and university places, many students are now far more financially savvy, and many have been left with no choice but to look around for cheaper alternatives to traditional university halls of residence. Private halls of residence are located very near to campus providing the best of student lifestyle whilst being on the doorstep of city centres, transport links and employment opportunities, also often offering cheaper rent as private accommodation compete for student’s attention. Key worker homes are similar in that they attract a modern and affordable lifestyle. Key worker homes are located on the doorstep of city centres making them easily accessible in the heart of all leisure amenities, but whilst also keeping rental prices low, thus attracting a large proportion of people. Many young professionals choose such properties as they get the most from an independent lifestyle, whilst also retain the most of their income. Below market value properties in the form of apartments are also perfect buy to let property investment opportunities, for obvious reasons. Accessible and affordable living will always be in high demand, and apartments suit many young couples, families and single residents making them wholly profitable and in high demand. Freshstart Living are a property investment company specialising in below market value properties and are currentyl bringing a range of affordable buy to let properties onto the market for investors.
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