New help for long-distance landlords
Are you a property investor with no time or desire to travel? No problem! Viewber’s new and enhanced property services are designed with landlords chasing long-distance yields in mind.
It has almost been a year since we wrote our initial blog on helping long-distance landlords and here we are, 12 months later, in a very different property market.
Our blog from 2019 focused on other third-party services, in addition to our own, that help investors whose properties are miles away from where they live themselves.
Today, we are revisiting the long-distance landlord topic but are approaching our advice through very different eyes. The products mentioned in our previous blog are still useful, but Viewber has introduced a number of additional services developed with social distancing and travel restrictions in mind.
As ever, the most successful landlords know best yields aren’t always on their doorstep - often they’re at the other end of the country.
Even during lockdown, sources have been analysing figures to establish where the best yields are. Postcodes in Liverpool, Bradford and Sunderland have been identified as the places with the best yields, with returns of 10.3%, 10% and 9.4%, respectively.
The analysis of data from the Land Registry, Zoopla, OnTheMarket and property portal PropertyData.co.uk* by online mortgage broker Mojo Mortgages, also found postcodes towards the lower end of its top 20 yield locations - such as those in Aberdeen and Glasgow - are returning yields of 7%. Interestingly, all of the top 20 best average yield postcodes were outside of the South – mainly in the North West, the North East, Yorkshire, Scotland and Wales.
If your head has been turned by a investment opportunity far from home – perhaps in the North or maybe in a coastal location where you think a holiday home would rent out with success – you can take advantage of the following Viewber services:-
Livestream viewings: take a tour of any UK property for sale from the comfort of your sofa. A Viewber will visit a property on your behalf and use WhatsApp video calling to take you on a property tour.
Investor reports: let a Viewber visit a property you are considering buying for investment on your behalf. They will produce a full report, with accompanying photos, video walkthroughs and unbiased opinion, to aid in your early decision-making process.
Property inspections and viewings: once your buy-to-let is up-and-running, a Viewber can be booked to carry out one-off inspections or recurring visits – a useful service to be used mid tenancy, at check in, check out or during void periods. We can also do open houses or viewings to get your property let.
Inventories: our cost-effective, reliable, independent inventories are essential for any landlord looking to protect their property and its contents at the start of a tenancy. We will accurately record the condition of your investment asset, giving you peace-of-mind from afar.
Key safe installation: we currently offer the option to purchase and have installed a Master Lock 5401, C500 SUPRA Police Approved KeySafe or a Master Lock 5441 (Bluetooth) key safe – ideal for short and holiday lets where there is a high turnover of guests, and a large geographical distance between the landlord and the property.
Designated key holder: Viewbers with a valid Basic DBS Certificate, dated within the last two years, qualify to become a designated key holder for any UK property. They offer full time weekday and weekend availability, and provide continuity for investors who would like the same person to visit their property.
If you are a property investor or landlord who feels they could benefit from any of the above services, contact us today. We can visit any property in the UK, thanks to our nationwide network of trusted, vetted Viewbers.
*Research conducted between 18th and 25th May 2020