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Investing in New Build Property
Serliana has an excellent relationship with developers throughout the country and therefore are in the unique position of obtaining true discounts off the market value of the property.
When looking at building a stable and secure property portfolio, it's important that the properties are let out and managed with as little hassle as possible. This obviously means that appliances are in good working order, and the property is generally desirable for letting.
For these reasons, new build properties are always better as buy to let than the typical second hand property or period conversion. With a new build property, you have the necessary guarantees in place when they are completed. Usually, these include guarantees for appliances, gas cooker, plumbing, boiler and a 10 year NHBC structural guarantee.
With second hand properties, these guarantees are never in place, so there is always the chance that when things break down or need replacing, it may be more costly in the medium to long term to run a second hand property than a new build property.
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Property Market News
5th June 08
Interest rate remain stable
The Bank of England maintains the interest rate at 5.0% today