Wulfpro Investments

Wulfpro Investments Buying, letting and selling of investment properties.

27/10/2022

The UK housing market is holding up despite the mini budget. Sales are still going through, 30% of buyers use cash and low chances of negative equity for homeowners.

27/10/2022

A new era of financial and economic stability, falling mortgage rates and rental market reforms. What Rishi Sunak has in store for the housing market.

19/08/2022

Spoiler alert: no, we donโ€™t think thereโ€™ll be a housing crash in 2022. Letโ€™s take a look at why the UK market is on track to avoid any major falls in house prices.

17/08/2022

10 key questions you must ask your new estate agent when selling your property to make sure you have found the right estate agent for you.

13/07/2022

Paws to read about renting with pets!

07/07/2022

Here are a few tips to help you find a homebuyer right away and set your home up for a fast sale

24/06/2022

There is a lot to be said about creating more space in your home in order to increase its value, and there are now a number of ways you can extend your home with actually getting an extension.

22/06/2022

"๐‘๐ข๐ ๐ก๐ญ ๐ญ๐จ ๐๐ฎ๐ฒ ๐ž๐ฑ๐ญ๐ž๐ง๐๐ž๐, ๐Ÿ๐ข๐ซ๐ฌ๐ญ-๐ญ๐ข๐ฆ๐ž ๐›๐ฎ๐ฒ๐ž๐ซ๐ฌ ๐ญ๐จ ๐›๐ž ๐ ๐ข๐ฏ๐ž๐ง ๐š๐œ๐œ๐ž๐ฌ๐ฌ ๐ญ๐จ ๐ฅ๐จ๐ฐ-๐œ๐จ๐ฌ๐ญ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž๐ฌ ๐š๐ง๐ ๐ก๐จ๐ฎ๐ฌ๐ข๐ง๐  ๐›๐ž๐ง๐ž๐Ÿ๐ข๐ญ ๐œ๐ฅ๐š๐ข๐ฆ๐š๐ง๐ญ๐ฌ ๐š๐›๐ฅ๐ž ๐ญ๐จ ๐ฎ๐ฌ๐ž ๐ญ๐ก๐ž ๐ข๐ง๐œ๐จ๐ฆ๐ž ๐ญ๐จ๐ฐ๐š๐ซ๐๐ฌ ๐ฆ๐จ๐ซ๐ญ๐ ๐š๐ ๐ž ๐ซ๐ž๐ฉ๐š๐ฒ๐ฆ๐ž๐ง๐ญ๐ฌ" - ๐™๐จ๐จ๐ฉ๐ฅ๐š

๐Ÿ There are changes on the horizon for first-time buyers in the UK. ๐Ÿ‡ฌ๐Ÿ‡ง

๐Ÿ”‘๐‘พ๐’‰๐’‚๐’• ๐’‚๐’“๐’† ๐’•๐’‰๐’† ๐’Œ๐’†๐’š ๐’•๐’‚๐’Œ๐’†๐’‚๐’˜๐’‚๐’š๐’” ๐’‡๐’“๐’๐’Ž ๐’•๐’‰๐’† ๐’‚๐’“๐’•๐’Š๐’„๐’๐’†? ๐Ÿ“ฐ
๐Ÿ  UK government plans to extend the Right to Buy scheme to include housing association property
๐Ÿ’ท People receiving housing benefit will be able to put this towards mortgage repayments
๐Ÿ’ท An investigation will be carried out into low-cost mortgages to help people with smaller deposits (5%) get onto the housing ladder

Prime Minister, Boris Johnson, has announced a set of packages to help more people get on the housing ladder. Within these measures, people receiving universal credit will be able to put these payments aside to save for a deposit (until now, anyone with more than ยฃ16K in savings would not be entitled to receive the benefit). ๐Ÿฆ

๐Ÿ—“๏ธOnce a home has been bought, the claimant will be able to use their housing benefit to pay the monthly mortgage payments.

๐Ÿค” ๐™ƒ๐™ค๐™ฌ ๐™ข๐™ž๐™œ๐™๐™ฉ ๐™ฉ๐™๐™ž๐™จ ๐™–๐™›๐™›๐™š๐™˜๐™ฉ ๐™ฉ๐™๐™š ๐™ฅ๐™ง๐™ž๐™ซ๐™–๐™ฉ๐™š ๐™ง๐™š๐™ฃ๐™ฉ๐™–๐™ก ๐™จ๐™š๐™˜๐™ฉ๐™ค๐™ง? ๐™’๐™๐™–๐™ฉ ๐™–๐™ง๐™š ๐™ฎ๐™ค๐™ช๐™ง ๐™ฉ๐™๐™ค๐™ช๐™œ๐™๐™ฉ๐™จ ๐™ค๐™ฃ ๐™ฉ๐™๐™š ๐™๐™† ๐™œ๐™ค๐™ซ๐™š๐™ง๐™ฃ๐™ข๐™š๐™ฃ๐™ฉ'๐™จ ๐™ฅ๐™ง๐™ค๐™ฅ๐™ค๐™จ๐™–๐™ก? ๐Ÿ’ญ ๐™๐™š๐™ก๐™ก ๐™ช๐™จ ๐™—๐™š๐™ก๐™ค๐™ฌ. ๐Ÿ‘‡

https://www.zoopla.co.uk/discover/property-news/2-5-million-renters-to-benefit-as-right-to-buy-is-extended-to-housing/


21/04/2022

๐—จ๐—ž ๐—ฅ๐—ฒ๐—ป๐˜๐—ฎ๐—น ๐——๐—ฒ๐—บ๐—ฎ๐—ป๐—ฑ ๐—–๐—ผ๐—ป๐˜๐—ถ๐—ป๐˜‚๐—ฒ๐˜€ ๐—ง๐—ผ ๐—ฆ๐—ผ๐—ฎ๐—ฟโฃ
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๐Ÿ“„ Zoopla's UK Rental Report have stated that the average UK rents are now ยฃ969pcm. ๐Ÿ˜ฒ ๐Ÿ‡ฌ๐Ÿ‡ง "The rate at which rents are rising reached a 13-year high of 8.3% in the final 3 months of 2021". โฃ
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๐Ÿ“„Furthermore, not only are rents continuing to rise but so is the "demand for rental homes soaring to 76% in the new year compared to the same period between 2018 and 2021".โฃ
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Let's analyse this data.โฃ
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๐Ÿ“ˆOn one hand, if rents are increasing and demand is high, this is a positive combination property investors look for when bringing good quality housing stock to the sector. ๐Ÿก๐Ÿ’œ โฃ
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๐Ÿ’ฐOn the other hand, with the rising cost of living in the UK some tenants will be feeling the pinch. Could this force tenants into a position where they can't afford all their rent and other expenses and we'll see an increase in voids? โฃ
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๐Ÿค”What are your thoughtsโ“ What can be done to mitigate the chances of thisโ“โฃ
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