Property and Investments for Sports Professionals.
At All Sport we’re delighted to work with My Property Helper Sports. MPH Sports are an experienced team of property helpers that support sportspeople source both homes and investments across the UK.
MPH host complimentary virtual property workshops where you can learn about:
– Different types of property investments
– How to source the best deals for you!
– Understanding the most tax efficient way of buying property
– Setting up a Property Company
– Investment strategies which create a forever income
– How to become financially free.
The latest Market News From MPH Sports
Government officially launches 95% LTV mortgage scheme for first time buyers.
The first time buyer portion of the market has not benefitted from the stamp duty holiday or its extension because homes for sales under £300,000 were already exempt from the duty since November 2017.
The new scheme, which will see the government underwrite lending of between 91% and 95% LTV for properties of any kind for sale under £600,000 bought by FTBs.
Lettings market booms as millions seek new homes after lockdown!
Lettings agents have reported a booming rental market with rising demand for property as tenants look for new lifestyles and locations after months of lockdown.
ARLA Propertymark’s chief policy advisor, Mark Hayward, says: “As demand rises and the number of properties decreases, rent prices will inflate, but we’d encourage letting agents to continue to support landlords and their tenants throughout the ongoing Covid-19 difficulties where possible and ultimately it is positive to see rent flowing and incomes returning for many people.”
House prices have been rising at an annual rate of 4% or more for five months.
Price growth is down from 4.5% in January. High levels of demand which are not being matched by supply will continue to support pricing, but the annual rate of price growth will continue to ease as these extreme imbalances start to unwind.
Annual price growth in the year to March continues to outperform in regions where homes are more affordable, with values growing at an annual pace of 5.9% in Wales, 5.3% in Yorkshire and the Humber and 5.2% in the North West of England.
The long-term impact of the pandemic on the economy is smaller than previously expected.
In 2021, the central bank is predicting the economy to expand by 7.25%. This surge in growth would be a return to the size of the UK’s economy in 2019 as the economy is set to grow at the fastest rate in more than 70 years.
At a city level, Manchester and Liverpool retain their spots at the top of the price charts, with 6.5% and 6.3% annual growth respectively.
At the other end of the scale for major cities, Aberdeen prices are down -1.7% on the year, although this is a more modest decline than the -3.1% seen in March last year.
Stamp Duty Land Tax (SDLT)
Prices will continue to be underpinned by the ongoing demand/supply imbalance, with the strongest growth in the more affordable markets in the North and Midlands.
The scale of price growth will slow in the coming months however, especially as we move towards Q3 when the stamp duty holiday extension comes to an end and government support for the economy starts to be pared back.
One of the most popular investment methods is to purchase a buy-to-let where you reap returns through rental yields over time, in addition to capital appreciation.
The legislative and tax changes introduced in recent years have put pressure on buy-to-let landlords with lower-yielding properties.
This has led to some landlords selling off these properties and purchasing the types of properties that typically offer stronger yields.
The Bank of England has once again voted to keep the base interest rate at the record low of 0.1%. In March 2020, the central bank cut the base rate to 0.1% and has kept it there ever since.
Lower interest rates make borrowing cheaper for households and businesses. This will continue to keep interest rates for mortgages down. Mortgage rates have remained particularly competitive in recent months.