All Topics / General Property / buying in the uk -need help

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  • Profile photo of recoverymanrecoveryman
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    @recoveryman
    Join Date: 2003
    Post Count: 122

    Hi
    I am thinking of getting into UK just one IP for the short trip over there each year, I am having trouble finding any info in the web, does anyone have any experience buying in the UK from OZ and or internet addresses
    recovery

    Profile photo of pricedrpricedr
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    @pricedr
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    Profile photo of TanstaaflTanstaafl
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    @tanstaafl
    Join Date: 2004
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    Hi

    Try this out to see what sort of mortgages are available to non residents for “buy to let” properties in the UK:

    http://www.best-buy-to-let-mortgages-uk.co.uk/

    I don’t believe the UK buy-to-let mortgage market is as sophisticated as in Australia, but there seem to be many more positiely cash flow yielding properties over here.

    Good luck!

    An aussie in London


    There Ain’t No Such Thing As A Free Lunch

    Profile photo of forextraderforextrader
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    @forextrader
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    Hi, I am in the UK. If you send me some speceific questions I will do my best to find some answers.

    [email protected]

    There are known knowns which we know, there are unknown knowns which we dont know we know and there are known unknowns which we know we dont know but wish we had known but there again I dont know.

    Profile photo of RodCRodC
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    @rodc
    Join Date: 2002
    Post Count: 335

    Hi recovery,

    I haven’t got any experiance with the UK market, but here’s another site for you:

    http://www.home.co.uk/

    regards,

    Rod.

    Profile photo of recoverymanrecoveryman
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    @recoveryman
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    hi[:)]
    thanks for the info
    I have been up at eh snowy mountains (hills)
    there are no postively geared properties[:(!]
    I will cheh out the sites given and get back to you
    does anyone have any areas that they have found
    worthwhile
    recovery[:o)]

    Profile photo of RobAdeRobAde
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    @robade
    Join Date: 2003
    Post Count: 29

    try http://www.fish4.co.uk http://www.primelocation.com http://www.mcsmeridian.com http://www.royaldocks.com

    I am currently living in London, I would suggest buying in the Royal Docks area, the units are nice and with the upcoming (hopefuly olympics) they are going to be based around Royal Docks.

    Hope this helps

    Rob

    Profile photo of recoverymanrecoveryman
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    @recoveryman
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    Rob
    docklans looks too expensive for me, possible capital gain
    I am looking for postive cashflow properties
    so more norht england
    but thanks for the other sites
    recovery[^]

    Profile photo of Rebecca1Rebecca1
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    @rebecca1
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    Post Count: 100

    Prices have now started to fall in the UK.

    Sounds like the time for novices to start buying.

    Perhaps you are one who won’t.

    Cheers

    Bec

    Profile photo of TanstaaflTanstaafl
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    @tanstaafl
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    Hi. Try these. Most places outside of London and the South East of the UK are positive cashflow / geared:

    Liverpool – European Culture Capital of 2008.
    Terrace houses around £50k. Yield 6% Р15%.

    Leeds. Nice University town. Yields slightly lower, but still a great buy.

    A great book to recommend is: http://www.howtobooks.co.uk
    It is called “Buy to Let Property Hotspots”. It is a year old, but has a wealth of information on loads of areas – Population, crime rates, yields and prices for differing types of property, national averages, capital growth, large employers, letting demand, void periods, yield and capital growth ratings, summary, more detailed description, transport links, estate agents, and letting agents.
    Whilst it is not a substitute for doing your own research, it sure makes it a lot easier!

    Profile photo of recoverymanrecoveryman
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    @recoveryman
    Join Date: 2003
    Post Count: 122

    hi[:)]
    the book sound great, will get it
    I know there are areas were you can get good yeilds
    just need to look harder
    London has always been expensive
    I go for cashflow first and capital gain secound
    I still would like at least one PI over in the UK
    so we can get tax free trip, but I only going to
    get one if the numbers stack up, not just getting PI
    just for a free trip
    recovery

    “I should be content to look at a mountain for what it is and not as a comment on my life” D. Ignatow

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