Platinum Property Partners separates Brexit fact and fiction

Platinum Property Partners franchise
Platinum Property Partners

Platinum Property Partners is the worlds first property investment franchise. They assist you in building a portfolio of specialist buy-to-let properties, which can secure you an ongoing substantial income, a solid pension fund and a valuable legacy for your family.

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Platinum Property Partners has revealed how property investors can maximise returns on their investments even during the uncertainty surrounding Brexit.

Despite what the press might tell us about the negative Brexit effect, the property market is still moving, according to Platinum Property Partners founder, Steve Bolton.

He says that this is particularly true for investors looking to purchase properties they can turn into HMOs (houses of multiple occupation).

Bolton acknowledged that statements from the Bank of England (which many have quoted as saying property prices will drop by 30 percent following Brexit) have been misinterpreted.

Bolton said: The truth is, nobody truly knows what will happen to property prices and the forecasts vary depending on who you want (or are forced) to listen to.

He admitted that while there were fewer properties entering the market, a little bit of creativity when it comes to the potential of non-residential properties had proved very successful for many investors within the property franchises network.

Bolton added: In his autumn 2018 Budget, Chancellor Philip Hammond ringfenced £1.5 billion to boost the countrys high streets.

This included a potential relaxation in planning laws for boarded-up commercial properties to be turned into residential homes.

Several Platinum Property Partners investors have already successfully turned commercial properties into HMOs, including one who turned a former hotel and nursing home into 12 and 16-bedroom HMOs.

Thats two new, high-end homes for 28 people at a time, when the need for housing in the UK has never been greater.
Bolton offered some wise words of advice to conclude, pointing out that people will always need somewhere to live, no matter what state the economy is in.

Fear of the unknown takes hold and, lets face it, given how Brexit has gone so far, nobody can really claim to have any clear idea on how things are going to pan out, he added.

Now is as good a time as any to take the plunge on a property purchase. And for investors, or those pondering that step into the property investment world, the robust, shielded business model of HMOs means Brexit need be nothing more than a mere bump in the road.

 

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