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Surrenden Invest Announce New Stamp Duty Calculator as Part of Major Website Overhaul 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

Surrenden Invest Announce New Stamp Duty Calculator as Part of Major Website Overhaul

By Surrenden Invest | October 22, 2018
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Leading Property Portfolio Management Consultancy Introduce New Stamp Duty Calculator

Hot off the heels of announcing the creation of a new mortgage calculator tool, the innovative Surrenden Invest team have revealed that a new stamp duty calculator is also in the pipeline. The calculator will be revealed as part of a major overhaul to the Surrenden Invest website, which will be revealed later this year.

“Stamp duty rates and applicability have changed significantly in the UK over the past few years, with the result that many investors no longer have the clarity that they used to on what rate will apply to their property purchase. The new Surrenden Invest stamp duty calculator will provide potential investors with a quick, simple way to see how much stamp duty land tax they will pay when purchasing a particular property.”

Jonathan Stephens, MD, Surrenden Invest

Significant Changes to The Stamp Duty

The Government first started toying with stamp duty significantly back in 2014. Then-Chancellor of the Exchequer, George Osborne, overhauled the way the tax was applied. Previously, stamp duty jumped when it reached certain levels. The Government changed it to be more in line with the way that income tax works, with graduated rates of tax increasing along with the value of the property.
The 2014 stamp duty rules meant that no tax would be paid on the first £125,000 of a property, 2% would be paid on the portion between £125,000 and £250,000 and 5% would be paid on the portion between £250,000 and £925,000. A rate of 10% would apply to the portion between £925,000 and £1.5 million, while anything over that upper value would be taxed at 12%.
Less than 18 months later, the Government made another significant change to stamp duty, announcing that owners of more than one property would pay a higher rate on their second (and any subsequent homes). The bandings would remain the same, but with an additional 3% charged at every tier. Thus a property valued at up to £125,000 would incur stamp duty of 3%, while 5% would be paid on the portion between £125,000 and £250,000, and so on.
Fast forward to 2018 and Prime Minister Theresa May has announced yet another stamp duty hike. This time, foreign buyers of UK property are the target, with an additional 1% stamp duty land tax applied to any property that they purchase.

“We’re seeing a picture of stamp duty land tax becoming increasingly complicated to calculate, as the government continues to introduce new elements to it. With a change made to the rates every couple of years recently, it’s likely that further complications will follow. In any case, those using the Surrenden Invest website will soon have our new stamp duty calculator at their disposal, bringing some much-needed clarity to the situation.”

Jonathan Stephens, MD, Surrenden Invest

New Stamp Duty Calculator Available

The Surrenden Invest stamp duty calculator will be available towards the end of 2018, when the company’s new website launches. Website users will also have access to the new mortgage calculator tool.

To stay up to date with the latest property industry developments, follow Surrenden Invest on social media.

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New calculators help investors consider the true cost of buy to let 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

New calculators help investors consider the true cost of buy to let

By Surrenden Invest | October 17, 2018
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Discovering the True Cost of Buy to Let

The Surrenden Invest team have just announced the addition of mortgage and stamp duty calculators to their website. The new functionality will be available in the next few weeks, as the company seeks to provide investors with the right tools to aid their understanding of the true cost of buy to let.

“Investing in buy to let homes in the UK is a fantastic opportunity. We want to ensure that investors have the time to consider the financial implications of doing so at their leisure. The stamp duty and mortgage cost calculators on the Surrenden Invest website are one way in which we are enabling that.”

Jonathan Stephens, MD, Surrenden Invest
Over the past five years, the number of landlords in the UK has increased by 27%. Not only are there more landlords, by they are buying more properties – an average of 1.8 properties each, according to Ludlow Thompson. For the last tax year, when the government’s 3% Stamp Duty levy for second home owners was in full force, and mortgage interest tax relief was on its way out, landlord numbers rose to a record high of 2.5 million.

“The UK property market represents such an outstanding investment opportunity that domestic and overseas investors have been undeterred by tax hikes and Brexit alike. Landlord numbers continue to rise, and the latest addition of 1% more Stamp Duty for foreign investors is unlikely to make much difference. The market fundamentals are strong enough to withstand it – ultimately, the UK property market remains a place where investors can make healthy returns in both the medium and the long term.”

Jonathan Stephens, MD, Surrenden Invest
Given the continuing keen interest in UK property, particularly in regional cities, specialist property investment agency Surrenden Invest are encouraging potential investors to consider the true cost of buy to let property. Their aim is to ensure that potential investors have clarity on all of the costs involved – not just the cost of having a buy to let mortgage.

Calculators Giving Investors Financial Clarity

Buy to let mortgages are just one of the costs involved in investing in buy to let – there are also legal fees, the cost of furnishing the property, service charges and ground rent for new build developments, management fees and, of course, Stamp Duty Land Tax. It’s only after investors have taken all of these into account that they can work out their returns.
While the long list of fees might seem off-putting, investors with a keen eye for a good deal can cut costs while still investing in high end homes. At The Tannery in Liverpool, for example, apartments are available from £85,000. That means that investors pay only the lowest rate of Stamp Duty, as the cost of the home is well below the £125,000 threshold of the first band. Investors at Westminster Works in Birmingham, meanwhile, have the option of selecting stylish David Phillips furniture packs. Doing so can offer a significant cost saving compared with choosing comparable furnishings from high street suppliers, and also cuts out the cost in the investor’s time of having to furnish the apartment.
Other costs are simply part and parcel of the investment, such as service charges and ground rent. Management fees can potentially be avoided, though for many new build investment opportunities, the management company arrangements are a core part of the deal. And even when they are not, those looking for hands off investment opportunities often find that the drag on their time as a result of managing the property directly soon means that they are happy to bear the small cost of using a professional management company!

For regular updates on all things property investment-related, be sure to follow the expert Surrenden Invest team on social media.

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Surrenden Invest website to feature new mortgage calculator tool 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | One Comment

Surrenden Invest website to feature new mortgage calculator tool

By Surrenden Invest | October 15, 2018
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Here at Surrenden Invest we believe that investing in property should be an enjoyable experience. We pour time and effort into ultra-robust due diligence procedures so that our clients can relax, knowing that the opportunities that we present are sound, with solid long-term prospects and healthy yields. We also strive to make the investment experience pleasurable in other ways too. Most recently, this has led to the development of our free mortgage calculator.

Using the mortgage calculator is simplicity itself. Investors simply enter the total mortgage amount, the repayment period and their interest rate. The dynamic calculator will then display the likely monthly repayment amount for both an interest only mortgage and a repayment mortgage.

“Many of our clients here at Surrenden Invest fund their property purchase at least in part through a mortgage. As such, we’ve made it quicker and easier for those considering investing in our developments to weigh up the financial implications of doing so. It’s all about providing clarity and supporting our clients to make informed choices.”

Jonathan Stephens, MD, Surrenden Invest
The mortgage calculator will be available for anyone browsing the Surrenden Invest website to use. It affords potential investors the opportunity to consider the financial implications of their investment in their own time and without any pressure to move forward with an investment. For those who do decide they would like to find out more, Surrenden Invest is happy to put them in touch with an independent mortgage broker.
The case for investing in the UK residential property sector is a strong one. The country is desperately short of homes and has a growing population. On top of that, urbanisation is drawing people into regional city centres, where they want to live, work and play all in the same convenient location.
The economic opportunities of city centre living are rich indeed. CBRE has hailed the UK’s regional cities as the country’s “powerhouses for economic growth” over the next few years.

“Growth rates in many of our regional cities are expected to be a lot higher than the growth rates that have been forecast for the UK as a whole, and this general trend continues in the data collected for the next five years as well, on average.”

Andrew Marston, National Research Director, CBRE
With so much attention on the economic potential of our regional metropolises, investors are keen to be part of their bright future. Developments such as The Tannery in Liverpool offer a low entry point (£85,000), healthy yields (6.0% net) and a superior standard of accommodation and services that is perfectly aligned to the demands of modern, urban renters.

“Regional cities offer so many opportunities to property investors. It’s a really exciting time to be involved in the new developments that are springing up. We are working hard to support our investors to be part of the regional city scene, and our soon-to-be-released mortgage calculator is the next step in that process.”

Jonathan Stephens, MD, Surrenden Invest

The Surrenden Invest mortgage calculator will be available towards the turn of the year. For further updates on it – and on all other aspects of investing in residential property in the UK – follow Surrenden Invest on social media.

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PM’s stamp duty hike “unlikely to deter foreign investors” in UK property 2> By | 2018, All, Liverpool, London, Manchester, Newcastle, News, October | No Comments

PM’s stamp duty hike “unlikely to deter foreign investors” in UK property

By Surrenden Invest | October 10, 2018
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Prime Minister Theresa May announced at an otherwise rather uninspiring Conservative party conference last week that foreign investors will have to pay an additional 1% stamp duty when they purchase properties in the UK. At present, they pay the same stamp duty rates as UK-based investors. Given the strength of the UK property market’s appeal to international investors, however, the additional 1% tax is not likely to ruffle too many feathers, outside of prime central London.

“The UK’s regional property markets offer such exceptional value for money, particularly since sterling’s dip in value following the Brexit referendum, that an additional 1% tax is unlikely to deter foreign investors. Those buying with dollars or euros, or indeed any currency pegged to those, can pick up some real bargains in regional cities around the UK, particularly in the Mid-lands and further north.”

Jonathan Stephens, MD, Surrenden Invest
While London’s over-valued property market may suffer slightly, cities in the Northern Power-house are likely to continue attracting high numbers of foreign investors thanks to their stable property markets and low entry points. Newcastle, for example, has an average property price of just £129,600, according to Hometrack’s UK Cities House Price Index. In Liverpool, which is currently enjoying the fastest year on year property price inflation in the UK, the average is £120,100, meaning that foreign investors will have to pay just 1% stamp duty if it is their first UK property purchase. With prices rising by 7.5% in the past year in Liverpool, it would take a little under two months of ownership before the additional stamp duty tax had been covered by the increase in the property’s value.
The Northern Powerhouse cities are flourishing in areas other than their property markets, too. The Manchester-Liverpool metropolitan area has just been awarded a top ten spot on IBM’s list of global investment destinations. Meanwhile, visitor numbers across the Northern Power-house region have shot up by around 5% over the past year. Visitor numbers in the North East have jumped the most, up by 17% as cities such as Newcastle draw in travellers from within the UK and overseas.

“What we’re seeing is a significant uptick in interest in cities outside of London and Birmingham (though the latter also has plenty of its own success stories to tell of late). Manchester, Liverpool and Newcastle are increasingly coming to the fore, whether as locations for tourists to visit or as places for foreign investors to pick up great value properties. A 1% hike in stamp duty is not going to do much to change that.”

Jonathan Stephens, MD, Surrenden Invest

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Liverpool leads the UK for house price growth 2> By | 2018, Birmingham, News, October | No Comments

Liverpool leads the UK for house price growth

By Surrenden Invest | October 8, 2018
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Liverpool has just hit the headlines for leading the UK’s cities in terms of its house price growth. The Hometrack UK Cities House Price Index reported 7.5% inflation in Liverpool during the year to August 2018. For those working in the Liverpool property sector, the news comes as no surprise.

According to Hometrack, Liverpool’s average property price stood at £120,100 as at August 2018, against a UK average of £217,300. For those buying a main residence, that means 0% stamp duty. For those buying a second home (including investment properties) it means the lowest stamp duty rate, of 3%.
Factor in a 10-15% discount for off plan properties, and Liverpool really does have some exceptional investment deals available. Apartments at The Tannery, for example, are available for as little as £85,000, with anticipated yields of 6% net.
Despite the low entry price, the homes have been designed to offer outstanding quality, synonymous with the world’s greatest capital cities – those with which Liverpool has been rubbing shoulders on the IBM Global Location Trends report. Bright contemporary interiors are complemented by on-site facilities including a 24/7 concierge, secure underground parking, a spacious communal courtyard and a roof garden, all in the sought-after L3 postcode area.

“Liverpool has exceptionally strong credentials as a property investment destination. It has a booming city centre population, a thriving business community and a superb cultural offering. This combines to produce a high and sustained level of demand for decent, well-located rental homes, which in turn means that property investors can earn healthy yields, as well as enjoying the potential for impressive capital growth.”

Jonathan Stephens, MD, Surrenden Invest
As part of the Liverpool-Manchester metropolitan area, Liverpool was recently flagged up by IBM’s annual Global Location Trends report as being among the top ten cities in the world for foreign direct investment (FDI). The area pulled in the tenth highest number of FDI projects in 2017, according to the report, resulting in the creation of some 7,000 jobs.
Earlier this year, TripAdvisor also highlighted Liverpool as one of the best places in the world to visit. The city’s cultural offering was key to that decision. This year, it is offering a year-long programme of events, exhibitions, seasons and performances to mark the ten-year anniversary of Liverpool being crowned European Capital of Culture. One of the most impressive offerings is the Terracotta Warriors exhibition, which is drawing in visitors from around the UK and beyond.

“Liverpool is one of those rare cities that has it all. It’s a delightful blend of economic opportunities, cultural pursuits, a superb gastronomic scene, a lively sporting offering and a thriving property market. The city also enjoys property prices that are well below the average for the UK, which is another reason that it is such an exciting prospect for property investors.”

Jonathan Stephens, MD, Surrenden Invest

For regular updates on Liverpool and its property market, as well as other UK regional cities, you can follow the Surrenden Invest team on social media.

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Birmingham property investment analysis – ask the experts 2> By | 2018, Birmingham, News, October | No Comments

Birmingham property investment analysis – ask the experts

By Surrenden Invest | October 4, 2018
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Investors from around the world are flocking to pick up property in Birmingham, with developments such as Westminster Works seeing a strong, sustained level of interest. In September, Birmingham was highlighted by PropCast’s England & Wales House Selling Weather Report, with four of the city’s postcode areas making it into the top ten best areas to sell a property. National property expert John Parker, Surrenden Invest’s Business Development Director, explains what it is that makes Birmingham so alluring, and why now is the right time to give full attention to this dynamic city.

Why is now the right time to invest in property in Birmingham?

Birmingham was named as the sixth best city in Europe for investment prospects in 2017 by PwC. 2017 also saw it crowned as the most improved city in the UK in which to live and work. With a youthful population (the youngest of any major city in Europe, with 45% of the population under 30) and an impressive cultural offering, England’s ‘second city’ has much to offer aspiring entrepreneurs and those looking to climb the corporate career ladder.
The city also has a bright future. At present, it is growing faster than 31 of London’s 33 boroughs, while HS2 looks set to cement its future as one of the UK’s leading economic power-houses. The high speed rail network will connect London Euston to Birmingham by 2026. This has driven a wave of investment in areas such as Digbeth and Curzon Street, as station works inspired by HS2 create a ripple effect that benefits the surrounding location. With £1 billion of investment behind the development work, several new neighbourhoods will result.
At the same time, a low supply of properties and extremely high property prices in London are driving buy to let investors out of the capital and straight into the open arms of markets such as Birmingham. Average property values have increased there by 31% over the last five years, while a further 20-30% hike in prices is expected over the next three to four years, off the back of the Big City Plan’s ambitious 20-year vision.

What should buyers look for in a Birmingham investment property?

It sounds simple, but the three questions I ask myself are:
– Would I buy it myself to live in?
– Can you rent it out?
– Can you sell it?
Other than that, it’s a case of choosing the area wisely. Birmingham is home to many affluent and emerging areas, with the Jewellery Quarter, the Convention Quarter and Digbeth all making names for themselves. The type of property also needs careful thought, with consideration given to renter trends. Larger apartments are growing in popularity and there’s a big shortage of them in city centre locations.
Finally, think about unique features. Homes with high ceilings or a premium specification will stand out from the crowd and should attract a queue of would-be tenants, thus minimizing void periods.

Which areas of Birmingham are particularly attractive to investors?

Birmingham has plenty of areas that investors are keen to be a part of right now. New Street Station (England’s busiest railway station outside of London) is where it all began. By creating a massive, impressive gateway to the city, with a smorgasbord of restaurants, shopping and entertainment right on your doorstep, it opened investors’ eyes to the city’s potential, and residents’ eyes to the benefits of a new style of urban living. Birmingham is now attracting plenty of people who want to live in the centre, working, eating, sleeping and playing all in the same ultra-convenient location.
With waves of large-scale regeneration sweeping Birmingham, the city has a number of investment hotspots, with the city centre as the core. The massive residential and retail zone of Smithfield and the new cultural quarter in the east are two great examples. In addition, the central business and shopping district is booming in terms of price, scale and the influx of companies moving in. The presence of Deutsche Bank, HSBC, HM Revenue & Customs and their ilk is drawing workers to seek centrally located homes.
In a nutshell, the most exciting city centre locations at present are the area around Mailbox and Holloway Head, the Jewellery Quarter, Digbeth and the cultural district to the east. Further out, both Edgbaston and Ladywood are proving popular.
The Mailbox
Ladywood
Holloway Head
The Jewellery Quarter
Digbeth
Edgbaston
Westminster Works

What should buyers be wary of?

Due to Birmingham having been heralded as the new darling of overseas property, and investors looking to avoid the over-inflated values and dwindling yields of London, the former’s property market is highly competitive, which can at times lead to frustration. Much of the city’s pipeline of residential developments have already been purchased off plan, while its burgeoning ‘Build to Rent’ sector is also introducing a new element of competition.
That aside, and with standard due diligence checks taken into account, price is probably the most important aspect to be wary off. When you buy off plan, it’s important not to pay over inflated prices, especially in the more prime developments in the city.
It’s common to see developments that are selling out some 18 months before completion and being market at prices that would be more appropriate were they completing today. It means that developers are not passing on the speculative discount that one should expect to receive for buying off plan so far in advance. Discounts of 10-15% are reasonable; if an apartment would be worth £200,000 upon completion today, but won’t be complete for another 18 months, then a price of £180,000 would be more appropriate.

What kind of due diligence should investors carry out?

That aside, and with standard due diligence checks taken into account, price is probably the most important aspect to be wary off. When you buy off plan, it’s important not to pay over inflated prices, especially in the more prime developments in the city.
Other than that, put yourself in the rental market mindset. Rental demand is the number one factor that will drive capital growth, as well as being critically important to service any debt that you may have on the property. Look into location, local infrastructure, public transport links, nearby amenities, entertainment options, bars, restaurants and anything else that could contribute to the development being a solid rental investment moving forward.

What sets Birmingham apart from other UK cities?

Birmingham has a number of important selling points as a property investment location. Its extensive regeneration work means that pockets of potential and value are being unlocked across the city. Its youthful population and dynamic business environment are also key.
Then there is the London factor. Take Holloway Head as an example. It might not look like much now, but many are already labelling it the soon-to-be ‘Millionaires Row,’ meaning that they are hedging their bets on a new tide of London-centric commuters being brought in by HS2. When complete, HS2 will mean that people can travel from Birmingham to London in the same time it would take to get from Dulwich (in South East London) to the West End. That’s going to make a big difference and it’s something that other regional cities, which are further from the capital, simply can’t offer.

What is your top piece of advice for those considering investing in property in Birmingham?

Think carefully about the location you choose, particularly if it’s short term capital growth that is driving your investment.

For regular updates from John and his fellow national investment and property experts at Surrenden Invest, follow us on social media.

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Business booms as Manchester attracts global attention 2> By | 2018, All, All, All, Manchester, News, September | No Comments

Business booms as Manchester attracts global attention

By Surrenden Invest | September 26, 2018
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The latest UK House Price Index has highlighted the North West as leading the UK in terms of monthly price rises, with an increase of 3.4%. The region’s economic powerhouse, Manchester, has done much to fuel the increase. Its thriving business environment is home to global head-quarters and creative businesses, with more than 2,000 foreign-owned firms in Greater Manchester, according to Invest in Manchester.

“Manchester is an exceptionally attractive environment for contemporary businesses. The city is home to a thriving professional and financial services sector, a dynamic media hub, a robust advanced manufacturing sector and much more. With 100,000 students at Greater Manchester’s universities, the pipeline of fresh talent is also considerable” 

Jonathan Stephens, MD, Surrenden Invest
Some of the largest companies based in Manchester include motor group Lookers and Essar Oil (UK). Other big companies with a significant presence in Manchester include those in the media sector – most notably the BBC and ITV. Then, of course, there are the city’s two world-famous football teams, with Manchester United topping Forbes’ 2018 list of the world’s most valuable teams.

“Manchester United takes the top spot, worth $4.12 billion, up from $3.69 billion last year. Manchester United generated the most revenue ($737 million) during the 2016-2017 season and nearly 50% more operating income ($254 million) than any other soccer team” 

Mike Ozanian, Sports Money Reporter, Forbes
The numbers speak for themselves when it comes to what drives companies to base themselves in Manchester. Operating costs there are up to 40% lower than those in London, according to Invest in Manchester. Meanwhile, Oxford Economics has stated that the level of job creation in Manchester could outpace that experienced by world-class cities including Berlin, Tokyo and Paris between 2015 and 2020.
Greater Manchester’s gross value added (GVA) stood at £62.8 billion in 2016, based on Office for National Statistics figures. Its economy grew by a staggering 42% in the decade to 2012, with job growth of 84% between 2002 and 2015, according to Centre for Cities (double the average rate for the North of England).
Ancoats Gardens Manchester
This diverse and thriving business community is driving up Manchester’s population, as workers flock to the city both from within the UK and from overseas. That, in turn is impacting on Manchester’s housing market in a number of ways. Not only is the city contributing to the North West leading the UK in terms of house price rises, but it is also showcasing some delightfully innovative new residential developments, such as Ancoats Gardens.
The 155 apartments at Ancoats Gardens will offer a superior standard of living in a prized location. With ceilings up to 2.7 metres high (some 0.5 metres higher than the average new build rental apartment) and floor to ceiling windows, the homes are spacious and full of light. On-site facilities are second to none, from the vast, split-level gym to the relaxing coffee lounge and attractive roof gardens.

“Manchester is in the privileged position of having superb business credentials, a global reputation and a talented and hard-working population. Add to that its myriad cultural attractions, leisure facilities and dining scene, and the city’s long-term prospects appear impressive indeed.” 

Jonathan Stephens, MD, Surrenden Invest

To find out more about Manchester’s evolution to global city status, check out our Manchester Then and Now brochure. For ongoing updates on all things Mancunian, as well as developments in other leading regional cities in the UK, you can follow Surrenden Invest on social media.

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Newcastle – Talk of the toon 2> By | 2018, All, All, All, Newcastle, News, September | No Comments

Newcastle - Talk of the toon

By Surrenden Invest | September 21, 2018
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Nestled on the edge of the River Tyne, Newcastle has a distinctive skyline, a vibe all of its own and an accent that can’t help but charm. Those who’ve visited remark on the energy and vibrancy that the city somehow exudes.

Newcastle is one of my favourite cities to visit. From the warmth of the welcome to the inspiring architecture, it’s a real gem of a city. It’s such a pleasure to be working there to bring elegant, aspirational new homes to the city’s young professionals.” 

Jonathan Stephens, MD, Surrenden Invest
Jonathan is far from alone in having been captivated by Newcastle. Indeed, the city has been named by Rough Guides as the best place to visit in 2018 – not just in the UK, but in the world. And with an encyclopaedic knowledge of the globe, they should certainly know!
Rough Guides has flagged up Newcastle’s cultural credentials and superb gourmet scene, amongst other things. With restaurants voted among the top in the UK and an extensive craft beer scene, the city has much to offer those who enjoy outstanding culinary experiences.
It was no coincidence that Newcastle was chosen to host the first Great Exhibition of the North this year, which will be one of England’s largest cultural undertakings. The exhibition – and the city itself – is attracting hordes of tourists.
Newcastle is also known for attracting students in their droves, again in part due to the city’s superb lifestyle offering. The latest WhatUni student choice awards saw Newcastle University and Northumbria University placed second and fourth respectively in the ‘best city life’ category.
Rough Guides has also praised Newcastle for its architectural feats. A host of regeneration projects have given the city some cutting edge buildings that both honour its industrial past and create a distinctive, contemporary city that is proud to compete on the global stage.
Now, with the city’s tallest ever crane installed over the August bank holiday weekend, Newcastle’s skyline is on track to become even more exciting. The new residential building known as Hadrian’s Tower will be the tallest skyscraper in the city, delivering 162 capital quality residences backed by exceptional shared social spaces. The development will ensure the continuance of the architectural innovation for which this stunning city is becoming known around the world.

We love to share news of our projects, so if you want to stay up to date, why not follow us on social media to find out the latest exciting developments?

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Spotlight on: The UK’s world-class cities 2> By | 2018, All, All, All, News, September | No Comments

Spotlight on:
The UK’s world-class cities

By Surrenden Invest | September 10, 2018
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Regional cities are coming to the fore as hotspots for foreign direct investment (FDI). As the Surrenden Invest team has been waving the regional flag for some time, it’s great to see a host of official statistics adding weight to the value of these important destinations.

Recent reports have flagged up the Manchester-Liverpool metropolitan area as being among the top ten global cities for foreign direct investment (according to IBM) and the West Midlands as the leading UK region for rises in FDI projects and jobs created increase (based on Department for International Trade data).

“As we inch ever closer to a no deal Brexit, it’s easy to imagine the rest of Europe enjoying a quiet laugh at the UK’s expense. However, investors around the world are standing up to be counted and showing that they are interested in the UK for the long term, irrespective of Brexit. The pace of FDI reflects their confidence in the UK’s resilience and the growing importance of our regional cities.” 

Jonathan Stephens, MD, Surrenden Invest
Two studies have recently highlighted the importance of the UK to the global investment community – specifically, the importance of the UK’s regional cities. IBM’s 2017 Global Location Trends report looked at the world’s top cities for foreign direct investment (FDI). The annual report compares metropolitan areas based on equal labour catchment areas, for a truer comparison. Using that methodology, the Manchester-Liverpool metropolitan area ranked tenth in the world for FDI, placing it in the league of cities such as London, Paris, Singapore, Amsterdam and Dubai. It beat the likes of Barcelona, Toronto and Dublin to make it to the tenth spot.
According to IBM, Manchester and Liverpool jointly pulled in the tenth highest number of FDI projects of any global city in 2017. In doing so, they created some 7,000 jobs.

“It’s brilliant to see Manchester and Liverpool rubbing shoulders with the world’s top cities. Both have undergone extensive regeneration over the past couple of decades, positioning themselves to compete globally at this level. Manchester has established itself as the UK’s creative and media hub, while Liverpool’s health and life science sectors, and digital manufacturing industry, are truly world-class.” 

Jonathan Stephens, MD, Surrenden Invest
Ancoats Gardens Manchester
Foreign direct investment has not been limited to these sectors. Far from it. Both cities have enjoyed keen interest in their property sectors too, as the UK’s need for far more rental homes than it currently has available, has attracted overseas investors in their droves. Prime developments such as Manchester’s Ancoats Gardens, with its outstanding roof garden, vast 1,715 square foot gym and on-site coffee lounge, or the 381 high-spec homes at The Tannery in Liverpool, which are available from as little as £85,000, provide precisely the easy route into the UK property market that many foreign investors are seeking.
The Tannery, Liverpool
Further research by Foundation Home Loans has contributed to the sense of long-term security that investment in sectors such as buy-to-let in the UK brings with it. The company found that 18% of landlords plan to remain active in the sector indefinitely, versus just 6% who are considering exiting the buy-to-let market in the next year or two.

“What several of the latest research pieces are showing is that investors are looking to keep their money in the UK over the longer term, despite the continued blustering that we read daily about the Brexit debacle. Behind the scenes, investors are letting their funds speak for themselves.” 

Jonathan Stephens, MD, Surrenden Invest
The second piece of research to flag up the importance of one of the UK’s regional markets is from the Department for International Trade. The study found that the West Midlands was the only region in the UK to experience a rise in both FDI projects and the number of jobs recorded compared with a year previously. These increased by 13% and 43% respectively.
Westminster Works, Birmingham
At the core of the West Midlands, Birmingham is another regional city that is firmly on international (as well as domestic) investors’ maps. Again, the city’s property market in particular is charming investors from around the globe. Developments such as Westminster Works, in the city’s investment hotspot of Digbeth, offer a global standard of urban living that appeals to investors and tenants in equal measure.

“FDI in the UK is here to stay. The property market in particular has a compelling case for its long term viability. The UK can’t build houses fast enough to house its expanding population and is over a decade behind where it needs to be in terms of the number of homes. Coupled with a rise in the appeal of city centre living, this has created an excellent environment for investors from overseas who are looking to commit their funds to exciting regional cities.” 

Jonathan Stephens, MD, Surrenden Invest

For regular updates on investing in property in the UK, and details of exciting investment opportunities in our regional cities, be sure to follow the Surrenden Invest team on social media.

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On your marks… get set… invest! New Ancoats Gardens investment details revealed! 2> By | 2018, All, All, All, Manchester, News, September | No Comments

On your marks… get set… invest! New Ancoats Gardens investment details revealed!

By Surrenden Invest | September 6, 2018
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We’re delighted to be able to share full details of our latest investment opportunity – Ancoats Gardens. Interest in the project is already huge, with people already interested in investing in multiple units – and that’s just from us releasing a few snippets of information on social media. Now, we can reveal all!

Ancoats Gardens is a development of 155 high-spec apartments in the salubrious Ancoats area of Manchester. Ranging in size from one to three bedrooms, the apartments have been designed with contemporary renters in mind, so deliver something that’s a cut above other residences in the area.
The homes are filled with light thanks to their huge windows. In addition, a beautiful sense of space is achieved as a result of maximum ceiling height of 2.7 metres, some 0.5 metres higher than you find in the average city centre rental apartment. These are aspirational homes for ambitious, professional tenants who want the most from their urban lifestyle.
The shared social spaces are also superb. The on-site gym is simply huge. With 1,715 square feet dedicated to this amenity, which is so large it is spread across two floors, tenants can benefit from the latest and greatest fitness machines and regimes, all within their building. The coffee lounge is also superb and provides the perfect spot for relaxing and catching up with friends. Of course, the exceptional roof garden is another ideal place to hang out and socialise!
Ancoats Gardens

Investment in Ancoats Gardens starts from £229,714 for a one-bedroom apartment, from £317,143 for a two-bed and from £488,571 for a three-bedroom home. Expected net yields are in the region of 6.0%. Investments are made on the grounds of an 850-year lease.

Ancoats Gardens has already grabbed the attention of national media outlets as a result of its superb design and excellent location, which provides renters with the delightful, almost villagey feel of Ancoats, while still being just five minutes from the main hustle and bustle of Manchester.
All of which means that we’re expecting these apartments to be snapped up in record time. As such, if Ancoats Gardens sounds like your kind of investment, it’s time to get in touch!

If you want to see Ancoats Gardens as well as read about it, why not take a virtual tour? Be sure to connect with the Surrenden Invest team on social media too, to keep abreast of the latest updates on this and other outstanding investment opportunities.

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