The Property ladder – A great investment, done right

A frequent request we receive here at Pennick Blackwell is “Should I buy an investment property in Spain?”

The question is an easy one to answer if you know what you are looking for! With our Financial and Property experts, we can sit down with you to discuss the pros and cons of buying an investment property and help you look at the reasons you are doing it. Of course, we can then find you that property that you are looking for.

Not only do we have dedicated Estate Agents and Financial Planners, but with our combined experience in the Spanish market we can help you in every aspect of buying a property to rent out for a long term income. We also work closely with various registered Notaries, Architects and Lawyers to ensure all is in order before and after you buy.

Furthermore, we can offer you a property management solution so if you do not live in Spain, we can keep an eye on your investment, handle any issues that arise and keep you posted to any developments. With our strategic partnership with Liberty Seguros, we can make sure that what you buy is secured and protected.

Through our experience in the sector, we can also help you to decide how you want to run an investment property. Do you want to run it with rapid turnover of occupancy or a long term rental? If you are looking for a property that will be desirable for the holiday market and rent it on a weekly basis, have you considered what to do in the non-peak times of the year?

If you are looking at the long term market, are you prepared to meet the added payments that a tenant will not cover? Community fees, rubbish charges, damages and replacements to the fixtures and fittings?

Property rental can be a very, very lucrative venture if you approach it in the right way and you are fully informed from the off. If you know what you are getting into and get the right management team to monitor it for you, then a healthy profit is what you can hope to achieve.

If you are interested in either buying a property to rent, or moving to Spain and want a new home in the sun, contact us for a no obligation, free chat to see how well it can work for you.

Prepare with Pennick Blackwell and minimise the risks to your money (and health!)

A new government, a new budget, same old meddling for pensions however

The new budget has tried to crack down on pensions and specifically, QROPS, a right of ex pats abroad but a bugbear for the government and badly run pensions plans in the UK.

However, thankfully, the restrictions put in place in this new insertion into people’s hard earned pensions has been limited. The restrictions are mainly in place to prevent people bringing their money to different continents or “far afield”.

Pennickblackwell however specialise in the transfer of ex pats pensions within the EEA of which Malta, our preferred partner is based. This means that our clients can continue to enjoy the many and wide ranging benefits of QROPS transfers without the added burden of a 25% tax on transfers out of the EEA.

The pertinent point here is that the Budget cracked down on transfers out of the EEA, be careful if you are looking at the Far East, Australasia or any other district outside of Europe, you could well be hit with added charges and, Pennickblackwell are happy to advise you, no matter who you work with, if your chosen destination is a risk or not.

At Pennickblackwell, we pride ourselves on client satisfaction over revenue. If a client has a question or query, we are more than happy to sit down, listen to the concerns and offer them an answer, you have earned this money over your life, it is only you who should benefit and enjoy it now that you can.

If we feel that your decision is a risk to you, or your future, we will tell you and explain why, if we deem it a sound investment, we will also confirm that information to you. You don’t have to be a client to benefit from our advice, our number 1 goal is to help people.

If you have any financial queries or concerns, contact us today for a free, no obligation chat to see if we can help you, either through our unbiased opinion or through our dedicated financial advice.
Don’t get confused in the world of finance, there are specialists available to you and initial consultations are free of charge so you can see how you can benefit from our advice.

Prepare with PennickBlackwell and minimise the risks to your money (and health!)