When construction first began at the Park, Helen, a homeowner from nearby Chandlers Ford, decided to invest in two new properties in Avenue Park because the popularity of the new community setting for renters made sound financial sense.
‘I loved the appeal of the Park and its setting,’ she explained. ‘Who wouldn’t want to live in a new home with a beautiful landscape all around you? It’s a wonderful place for people to live and, with mortgage rates, rental values and long-term property values so favourable, I decided to invest here.’
Helen invested in two, two-bedroom homes at the initial Avenue Park phase and both were rented quickly. Indeed, the exercise was so worthwhile that she recently added to her portfolio with further properties in Homewood Park that, again, were snapped up by tenants keen to move to the Park.
Two and three-bedroom homes are traditionally considered the most secure in terms of a BTL purchase and with rates as low as 1.19 % fixed for two years with The Mortgage Works, there’s never been a better time to take a consider an rental property investment. We asked Charters Financial Services, the Park’s recommended mortgage advisor, to provide an illustration for a 3-bed Harewood, which are among the most popular homes for landlords and tenants at North Stoneham Park.
Example Buy to Let mortgage illustration:
If you’d like to explore your options and find out more about the most suitable private rental properties for Buy to Let investors at the Park, visit the Park’s Homes pages or contact Highwood’s Sales Team on 023 8001 1620.
To download the full UK Rental Market Report by Zoopla, please click here.
*This illustration is provided on the basis of an Interest Only mortgage over a 25-year term on a two-year fixed rate of 1.69% with a £1,499 arrangement fee.
This is an example rate; these vary daily so this illustration does not constitute an offer. Mortgage is subject to full underwriting, affordability and credit scoring via the lender, this rate and product was valid at point of printing.
A MORTGAGE IS A LOAN SECURED AGAINST YOUR HOME. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE OR ANY OTHER DEBT SECURED ON IT.