Many people in London have worked hard and put aside a considerable sum to invest in their future; however the busy schedule that comes with any London job means they want a hassle free investment that will quietly accumulate wealth in the background of their lives.
Leeds might just be the solution, let’s look at what the average Londoner does with their money; perhaps invests in some stocks, put it into a ‘high’ interest savings account or start building a property portfolio. In the London property market, you could expect to achieve 3-4% ROI, but of course, at a hefty entry price, the average property in London casts upwards of £300,000.
Stocks are a smart investment, but with the current state of the markets the risk can outweigh the rewards. High-interest savings accounts represent very little effort on the investor's behalf, however, the rates of interest mean it is not an attractive solution to those who want to make their money really work.
That’s where Leeds comes in; the highly buoyant property market and the 10%+ ROI is disrupting traditionally London-centric investing. With a purchase price of £90,000 investors can expect to have returns of 10%+ in Leeds, and property management locally is at a slice of the cost of an identical London firm. The great thing about investing in this way is that assets are more liquid than in London; whereas you might have hundreds of thousands of pounds tied up in a London flat, having a smaller amount of capital in an entire house with a comparatively high ROI is often far more attractive.
Investors have been flocking to Leeds and similar towns around the UK where high yielding properties are being snapped up, done up and rented out. Besides ROI, clients enjoy a far speedier process; in London, clients will wait for months to close the deal, sort out legals and deal with planning, Leeds offers a swifter option with vendors valuing deal certainty over sale price.
Many people invest in property as a nest for the future, buying as young as possible and collecting rents while the price of the property continues to rise. By retirement, investors could have a significant portfolio which they can sell off or keep for future generations.
Londoners have been investing in the UK’s other metropolitan hubs and it works as a financial strategy. Getting into a BMV property is not something that should be done alone, given the potential pitfalls, however having the entire process managed by local people who know the market, area and investment method can really pay off. Investing in property doesn’t necessarily mean you have to be a landlord either, select companies will allow leveraging to achieve this.
The property people at Lifestyle have a proven track record of delivering ROI of up to 12%, fully managing the entire process on the client’s behalf. Lifestyle enables its client’s to maintain a lifestyle of choice, through a hands off and hassle free investment. Lifestyle believes that a bright financial future is achievable through a solid investment strategy, diligence and effective management all of which Lifestyle does on behalf of its clients. From purchase to tenant everything is taken care of and their agents work closely with planning authorities, refurbishers and tenants so investors don’t have to.
Lifestyle has experience working with first time and time-poor investors, their approach to client care ensures that investors of all levels of experience can benefit from the Leeds market. Unlike many firms they offer a free initial consultation so customers can fully understand the process and benefits on offer, equipping clients with all the knowledge they need.
Get in touch with one of Lifestyle’s expert advisors today and take the first step towards your financial future.
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