Caboodle Finance has reported that buy-to-let landlord opportunities could soon be available as demand for rental property could soon rise above supply – an opportunity that yacht crew should take full advantage of!
A general shortage of housing stock in the UK combined with an expectation that some landlords will look to sell their buy-to let-properties in the coming months and years, rather than improve them in line with future EP (Energy Performance) requirements, could provide the ideal opportunity for any budding or existing landlord to take advantage. Find out how this affects crew below…
Getting On The Property Ladder
A general shortage of housing stock in the UK combined with an expectation that some landlords will look to sell their buy to let properties in the coming months and years, rather than improve them in line with future EP (Energy Performance) requirements, could provide the ideal opportunity for any budding or existing landlord to take advantage.
With many first time buyers struggling to muster up the deposit needed to get themselves on to the property ladder, or because some existing homeowners feel that the current time is not right to make that move up the ‘housing ladder’, the growing demand for private rented accommodation could provide the right opportunity to invest in buy to let property.
Admittedly, the property market in the UK is a little subdued at the moment. But there are always opportunities for those looking for medium to long term investment in property. This could be for their own occupation or to rent out to others.
Where Yacht Crew Come In
Certainly for seafarers the opportunity could be more attractive than it might be to other potential landlords, given their tax status and level of disposable income. They are able to save for a deposit fairly quickly whilst working as yacht crew.
Granted, the mortgage options available to seafarers are fairly restricted. But by using a mortgage broker like Caboodle Finance (who have vast experience of finding mortgages for yacht crew), the majority are able to obtain a mortgage and purchase property, whether it be for their own occupation when not on rotation or as an investment property to let out.
Find out how Caboodle Finance can help you buy your first property here.
To keep up to date with the latest Superyacht Content News, click here.
Sign up to our Newsletter below: