Mark Black Adavo Property

For many years banks have been steadily increasing the number of buy to let mortgages they provide, as these are generally seen as low risk and with higher potential gains. Today even building societies, traditionally formed to provide funding for homes for their members, are offering a proportion of buy to let mortgages to landlords. In today’s housing market it is understood that many people are priced out of the mortgage game for longer, and are choosing to rent rather than buy or remain living at home with parents. While the doling out of buy to let mortgages by building societies has caused some controversy in the press, it is nevertheless indicative of a changing housing structure across the UK.

Mark Black Adavo Property CEO has long been advocating the advantages of a buy to let scheme. His company have for the past ten years helped investors to source, purchase, renovate and let private and shared residential property in the north of England. The multiple occupancy model which the company focus on, says Mark Black Adavo Property CEO, provides the best rental rates for tenants and the maximum profit for landlords simultaneously. Adavo Property deal solely with top quality, premium accommodation in prime locations, offering a great deal for tenants and landlords alike. With more and more young professionals choosing to live in affordable shared accommodation for longer, this model is only gaining in success.

The typical investor in Adavo Property will see a profit of between 7% and 10% per annum. The typical tenant of an Adavo Property will be able to rent a spacious, airy room in a premium shared residence with large, welcoming communal areas for a fraction of the cost of renting a one bedroom flat. The average rental price for private renters in the UK has recently risen to £811 per calendar month, the highest figure ever on record. The average price for renting a room through Adavo Property is just £300 per month. Mark Black Adavo Property CEO believes strongly that multiple occupancy homes to let are one solution which may assist in solving the housing crisis currently being experienced in the UK. While large seven, eight and nine bedroom homes are being lived in by a single family, there will never be enough housing for the entire population. When these houses are converted into shared residences far more people benefit.