Helping First-Time Buyers Become First-Time Landlords
Wouldn't it be great if you could expand your property portfolio and, at the same time, help others who couldn’t normally afford to do the same?
Lending rules are changing and it’s becoming harder to qualify for a buy-to-let mortgage without a sizeable deposit and a whopping income to match. For those who do qualify, it creates added risk as they may end up investing all their savings into something that is majority owned by a bank.
So where does it leave those who don’t have a sizeable income or enough for a deposit on another house, especially with house prices being at an all-time high and the introduction of a fresh 3% hike in Stamp Duty?
It doesn’t come as any surprise that the Guardian recently reported that Buy-to-let UK property sales fell by almost 50% in 2017.
Crowdfunding property investment offers a real solution to this growing problem and restriction. Sharing wealth allows everyone – regardless of income status – to sensibly invest as much as they can afford to and take proportionate ownership, so they can enjoy the benefits of property investment.
What makes Yielders unique is that their crowdfunding platform has no need for mortgages, meaning no unexpected interest rate rises and no risk of the asset ever being taken over by a bank.
In fact, there’s no landlord duties to take care-off, and thanks to the properties being pre-funded with tenants already in them, investors have the potential to start earning almost straight away.
All this really does mean that those who maybe couldn't afford to get on the property investment ladder can now get on the first steps and even invest in multiple properties to spread their risk.