What’s New in Property? August Edition
Welcome back to the NI Property Girl newsletter! This month, we’re excited to bring you key updates that could shape your property investment journey, alongside some exclusive news about our upcoming events and partnerships.
Rate Cut by the Bank of England: What It Means for Property Investors
The Bank of England (BoE) recently announced a rate cut, lowering the base rate from 5.25% to 5.00%. For property investors, this decision is significant. Although the cut is modest, it could indicate that the aggressive interest rate hikes are slowing down. But what does this mean for your next buy-to-let (BTL) investment?
Let’s break it down with a quick example:
If you purchase a ￡100,000 property with a 75% Loan-to-Value (LTV) BTL mortgage, your monthly interest-only payment would be approximately ￡305.63.
With the BoE’s rate cut, there’s potential for lenders to follow suit and slightly reduce mortgage rates. This could mean lower monthly payments and potentially higher rental yields, making it an ideal time to explore new investments or reassess your current portfolio.
Even a small reduction in interest rates can significantly impact your cash flow and overall return on investment, so keep a close watch on the market and consider how this could benefit your property strategy.
Upcoming Event: Property Investing for Beginners - August 29th
Are you new to property investing or looking to refine your strategy? Join us on August 29th for our special event, Property Investing for Beginners. This event is designed to provide you with the essential knowledge and tools needed to start your property investment journey with confidence.
Event Highlights:
This is a must-attend event for anyone serious about entering the property market. Secure your spot today by registering here.
New Faces at NI Property Girl
We’re excited to announce that a new member is joining our team this month. While we can’t reveal all the details just yet, we promise to introduce them properly in our next edition. Our newest team member will bring fresh expertise and energy, further strengthening our commitment to delivering top-tier property investment services.
领英推荐
Stay tuned for more information!
Our Valued Partners: TDS NI and The Mortgage Shop NI
At NI Property Girl, we believe in the power of collaboration, and we’re proud to partner with TDS NI and The Mortgage Shop NI. TDS NI offers unparalleled expertise in deposit protection and dispute resolution, ensuring your property investments are secure. Meanwhile, The Mortgage Shop NI continues to provide our clients with expert advice and competitive mortgage products, helping you make the most of your investments.
These partnerships enable us to deliver comprehensive support to our clients, from securing financing to managing your investments efficiently.
Get the Most Out of the NI Property Academy
Our NI Property Academy membership is growing, and we are thrilled to see the community thrive. If you haven’t joined yet, now is the perfect time. For just ￡20 a month, you gain access to:
?? Online Learning Hub: Explore a vast collection of videos, documents, and resources to guide you through every stage of property investing.
?? Academy Live: Join monthly live sessions with MD Eimear Gourley and other industry experts to get real-time insights and advice.
?? Monthly Networking Events: Meet with fellow investors and experts at our events in Lisburn, Northern Ireland.
?? Exclusive Discounts: Benefit from special rates on all NI Property Academy courses and services.
Ready to join? Visit NI Property Academy to learn more.
What’s Next?
In our next newsletter, we’ll dive deeper into the impact of the BoE’s rate cut as more data becomes available. We’ll also introduce our new team member and share some exciting upcoming events you won’t want to miss.
As always, stay informed, stay connected, and let’s continue building success together.
For the latest updates, visit NI Property Girl or follow us on Facebook, Instagram, LinkedIn, Twitter, and TikTok.
See you next month!
NI Property Girl Team