Find money makers, avoid money pits
We help investors unfamiliar with the North West market find properties that deliver the best returns. Anyone can click on Rightmove for potential properties, but without detailed knowledge of a city’s rental market, it’s hard to tell money makers from money pits.
Named as the number one location for buy to let, Liverpool offers some of the best returns in the country, with 9% gross yield not uncommon if you know what to look for, and we do.
- No1 buy to let – thisismoney.co.uk named Liverpool best in the UK
- ROI – 9% gross yield not uncommon, with strong capital growth
- Cost of entry – much lower property prices than London
- Local knowledge – we have years of experience in Liverpool
- Low costs – Propeller offers fixed-fee letting management
- Off market opportunities – cash buyers can get better deals
Get ahead of the queue
We’re constantly on the lookout for investment property opportunities and when we find them speed is vital. We offer a brokering service for sellers looking for cash buyers ready to move fast in order to get the best deals.
Local knowledge counts
Propeller is more than a letting agent. We help investors unfamiliar with the North West market find properties that deliver the best returns.
Anyone can click on Rightmove and find a list of potential properties, but without detailed knowledge of a city and its rental market, it’s hard to tell money makers from money pits.
We’re not estate agents, we don’t have a sales book to push, and we don’t have commission targets to hit, we just offer sound well-researched advice on the best investment property Liverpool and the surrounding areas have to offer. We’re property investors ourselves, so keep a close eye on opportunities as they arise – often partnering with groups of investors on new build and refurb developments to maximise returns.
Why invest outside London?
With growth of London property values plateauing and gross rental yields struggling to break 5%, buy-to-let in the capital offers poor returns compared with other major UK cities.
Named as the number one location for buy to let , Liverpool and its surrounding commuter catchment offer some of the best rental returns in the country, with 9% gross yield being not uncommon – if you know what to look for. A growing student population and a blossoming business scene keep rental demand and resale values high.
Because we’re not the typical letting agent. We provide a better letting management service, have a transparent fee structure and help investors unfamiliar with Merseyside to understand the hot and cold spots in the local rentals market.
We’re property investors ourselves, so we know the market from both sides, which has helped Propeller become the fastest growing letting agent in the area.
What does it cost?
Nothing. Our advice on Liverpool investment property selection is free.
So how does Propeller make money?
We make money from property management. After taking our advice you’re perfectly free to use another letting agent, but you’ll find we’re the most competitively priced in the area. What’s more, our fee structure is transparent, and we don’t trap landlords with hidden charges or long-term contracts.
We offer advice because it’s a way for us to demonstrate our expertise, and so convince landlord investors to trust us with their valuable asset.
What don’t we offer?
Propeller isn’t a financial adviser. We’re not FCA regulated and have no desire to become so. We are specialists in Merseyside rental property and offer advice on that basis, including likely rental yields and which localities are becoming more or less popular. It’s up to investors and their financial advisers to decide investment goals and affordability.
I’m already invested in London. Why move?
It may not have hit you yet but buy to let affordability rules changed in September 2017. Many London landlords may be forced to find lower cost rental properties or get stuck paying excessive interest rates.
The Bank of England now requires an affordability ‘stress test’ at 5.5% base rate (five full points higher than today). Lenders must also assess a landlord’s entire portfolio, so one unprofitable property could prevent further borrowing, even if other rental income compensates. As a result, landlords trying to re-mortgage at the end of an introductory period may be unable to secure new finance.
One potential solution is liquidating London assets, using the equity to secure more favourable loan-to-value ratio rental property outside the capital.
“I’m currently a tenant with Propeller, and I am so glad to be one.”