Property portal Rightmove last week announced that it experienced its busiest day on record on Wednesday 27th May. More than six million visitors browsed the site, which was also an 18% increase on the same day last year.
Typically, expats are looking to invest in buy-to-let property whilst living overseas, perhaps as a way to provide an income in retirement or even to live in upon their return.
Inevitably there will be large numbers of tenants who will be unable to pay rent ‘as normal’ and hopefully they will contact their landlords to let them know their difficulties.
The Bank has taken the step in an effort to “shore up” the economy as it struggles under the ongoing health crisis. Other central banks across the world have taken similar action.
Now, with the ongoing health crisis, the global economy is coming under pressure. In the UK, interest rates are at an all-time low, making mortgage borrowing extremely cheap. Further to this, the pound is low against the dollar, which has been exacerbated by recent events.
Void periods can be the bane of many landlords’ lives. Now new research shows they’re becoming less of a problem, but there are still things you can do to avoid them.
Top savings goals for UK renters include saving for retirement (14%), spending money on their children (10%), buying a car (10%), and leisure activities such as going to the cinema or family days out (9%).
