Property Investing in South Wales

Chez Doba shares his expertise on property investing in South Wales at the Swindon pin meeting. His overall theme is to a look at a property suitable for investment and then look at how it can be done better. Chez concentrates on the western region of South Wales, investing in Swansea and the surrounding area. Typically choosing properties built circa 1900 in traditional terraced rows and purchase prices of around £50,000.

Many of the properties are let to LHA tenants. As an advanced LHA strategy, Chez normally looks to set the properties up as a house-share. Known the property world as the 2+2 strategy, a Landlord can offer two single occupants shared kitchen and bathroom facilities and have a bedroom and a living room each. The benefit of this is that the council allow two lots of the LHA 1-bedroom rate to be paid in rental and this is higher than renting the same property to one family based on the 3 bedroom LHA rate. This strategy can work on properties that are configured as two bedroom and two reception room or three bedroom and one reception room.

To find out more, you can get in touch with Chez, or alternatively contact one of the team at Harvey Bowes Limited on 029 2175 4150 to find out about mortgage funding for this type of project.

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About harveybowes
Mortgage Broker and founding Director of Harvey Bowes Limited. A mortgage broking practice with bases in Cardiff & Poole, UK. We take a fresh and positive approach to mortgage broking which pays dividends for both our clients and frankly, ourselves. The team at Harvey Bowes are expert advisors in all aspects of mortgages from residential to commercial and buy to let.

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