Gatehouse estates

Guide to Buy to Let Property investments.

Why consider a Buy to Let now?

Buy a “Buy to let” property in the uk with pre-arranged mortgages, cheap conveyancing and tenants waiting to move in as a great investment. Now is a good time to conside a Buy to Let.

  • Is your capital currently offering you less that 1% return on investment?
  • Maybe you’ve never bought a house before as you live in accommodation supplied by your work, but you know you will need to get on the property ladder now before the properties become unaffordable again.

Click here to read more on Why consider a Buy to Let now?

Buy to Let finance

Cash, Capital and Interest mortgage, or interest only loan?

This depends on a number of factors.

The principal factor is the amount of cash you have available. While you’re likely to earn around 1% on your cash in a bank account, you may prefer to earn much more from using all of it to pay for a rental property as your return on your capital employed is likely to be considerably more.

Add to this, the prospect of property values rising over the next 5 years, the return on your buy to let investment starts to look like great value.

Click here to read more on Buy to Let Finance

Choose an Investment, not a liability.

We have been helping our landlords to buy letting properties for 15 years.

  • As part of our service, we help to assess the viability of a property, for rental purposes.
  • We offer a written report on rental values and likely work required to ensure that the best rental value is achieved.
  • We liase with our sister company, Gatehouse Estates Property Management and ensure that the property is marketed so that there is the very least amount of time when the property is unoccupied.
  • We even have beneficial rates for the legal conveyancing that you will need to use when buying your property.

Click here to read more and for our list of Do’s and Don’ts

House for sale in Godmanchester, only £134,995

Bascraft Way, Godmanchester.
Asking price £134,995

Three bedroom terraced home with a re-fitted bathroom with spa bath, a downstairs shower room, an open plan 23′ lounge/dining room with double doors out to the garden and a re-fitted kitchen. The rear garden is laid to lawn with decking. The house has been double glazed and has gas central heating.

Download and Print the brochure – click here.

Full details.

The recessed double glazed entrance door leads into:

Entrance Hall
Doors to the lounge/diner and the shower room, stairs leading to the first floor with storage space under, laminate flooring, radiator and coat rack.

Shower Room
Frosted window to the front, WC, wash hand basin with tiled splashback, laminate flooring, radiator and corner shower cubicle.

Lounge/Dining Room – 23’0 x 10’2
Window to the front and double doors to the rear leading out onto the decking in the garden. Two radiators and laminate flooring. Opening through to Kitchen.

Kitchen – 9’5 x 8’5
Recently re-fitted with a range of base, wall & draw units with wooden worktops and tiled splashbacks. There is a window to the rear overlooking the garden, a ceramic sink, space for a fridge/freezer, plumbing for a washing machine, there is an integrated dishwasher, laminate flooring, gas cooker with extractor hood and a wall mounted gas central heating boiler.

Upstairs Landing
Doors to bedrooms and bathroom and access to loft. Frosted window giving light from the bathroom.

Bedroom One – 12’6 x 10’2
Window to rear and radiator.

Bedroom Two – 10’2 x 10’4
Window to front and radiator.

Bedroom Three – 9’8 x 8’7
Window to rear, radiator and laminate flooring.

The bathroom has been re-fitted with a white three piece suite including a WC, wash hand basin and spa bath with shower over. There is a frosted window to the front and the landing, ceramic tiled floor and wall tiling, a chrome towel radiator & extractor fan.


The front of the property has a lawned area and a parking space.

The rear garden is fenced with gated access to the rear. There is decking from the lounge/diner across the width of the garden, a lawned area and a garden shed.

Rush to Place Deposits in Irish Banks

The recent announcement by the Irish Government that they will make a public guarantee to all customers of all six Irish banks with their headquarters in Ireland, has rocked other countries.

It now appears that the inducement of a safe haven of an Irish bank offering a guarantee backed by the Irish government has started a stampede of investment transfers. This is not surprising when the financial world is currently a very uncertain environment and other governments offer much lower thresholds as guarantee levels for investors, should a bank foreclose.

With the British government now talking of raising it’s public guarantee to £50,000, the unlimited guarantee looks very attractive to high net worth individuals. Foreign exchange specialists have been exceedingly busy in the last few days, exchanging pounds sterling for euros and transferring the funds to Ireland.

The 6 Irish banks benefitting from this are: Allied Irish bank, Bank of Ireland, Anglo Irish bank, Irish Nationwide Building society, the Educational Building Society (EBS), Irish Life & permanent combined with the Permanent TSB.

currency conversion by professionals

The value of the euro against the pound can be fixed for a given period ahead. If you don’t wish to transfer your deposit money now, you can book the rate of exchange now, for a date ahead.

To discuss how best to make a currency exchange into euros at the best rate, talk to a foreign currency exchange specialist. visit fx-foreignexchange, or call 01480 458400.

Tax breaks for UK Landlords

Tax Breaks for UK Landlords.

Landlords could be eligible for a maximum tax break of £1,500 per property against the cost of installing draught proofing, loft insulation, or insulation for hot water systems. The Government are keen to encourage all home owners, including landlords, to improve the energy rating of their properties.

Most landlords are unaware that they can make this tax deductable improvement to their rented property. Furthermore, it will improve the property’s energy rating when they have to conform to the new EPC ( Energy Performance Certificate ) scheme that comes into force in October 2008. By improving the energy performance rating, the landlord is simply improving their chances of letting sooner, and for more rent. Savvy tenants will want to see the energy rating of the property to rent, before they agree to let. With the cost of energy rising seemingly weekly, this will become a major decision maker.

This tax break is called LESA, Landlord’s Energy Saving Allowance. Talk to your financial advisor for more information, or if you are local to our offices in Godmanchester, or Bedford, call in. Contact us

More articles on letting property and EPC’s……

Let to Buy

You may not have heard of ‘Let to Buy’, but it’s been around as a way of letting your existing home, to buy another, since the 1990’s. As the property sales market continues at a slow rate, more and more people are approaching letting agents for valuations, based on continuous lets for a ‘let to buy’ move.

There are many reasons to take up the option of ‘Let to Buy’. You may have to move with your job, you may need to move to a larger home because of a growing family, you may have specific requirements like the need for a garage to house your car. Whatever the reason, ‘Let to Buy’ could be the answer. One big advantage of ‘letting to buy’ is the possibility of getting a bargain on your purchase while riding out the current slow market on your sale until the market strengthens again.

Before we create a rush to our door, there are some factors to consider.
– If your property is leasehold, you will need to ensure you are allowed to rent out your existing property.
– You will need to have permission from your existing lender to rent the property out.
– You will have to inform your insurers for buildings and contents insurance.
The first step should be to have a rental assessment done. If your property rental value doesn’t match the amount required to make the move, it’s not worth going to the next step. Additionally, take advice from the rental agent about the ‘rentability’ of your property. Will it rent out consistently? Will the property rent for more with modest changes like re-decoration?

Having got a rental assessment, your next step is to get some professional advice from a qualified mortgage broker. Eligibility is dependent upon the proposed rental income on your current property being sufficient to cover the cost of your existing mortgage. Lenders offering this type of loan will usually exclude the existing mortgage from their calculations and offer you a mortgage for a new property based on normal income multiples. This means you can have two mortgages at normal residential rates, thereby avoiding ‘buy to let’ deals which often involve slightly higher rates.

Apart from getting you the home that you want, there are ways of reducing your tax bill. Think about using an agent to find and manage tenants. The fee will be between 10 per cent and 15 per cent of your rent, but the cost will be tax-deductible. Also, ask an accountant how to minimise CGT if you let your property for three years or more.

Professional, free, rental assessments are available at Gatehouse Estates Property Management in Godmanchester for ‘Huntingdonshire’ and Cambridgeshire.


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