Welcome to our new blog! Each month, RJJ Developments will be sharing a range of property development insights on hot topics and investing strategies. Whether you’re an aspiring or existing property investor, we will talk you through all the different terminology and processes.

From rent to rent to BRRR (Buy, Refurbish, Refinance, Rent), we explain various property investing methods, so you understand how these work. We will also share our own experiences of how we’ve turned opportunities into profitable investments.

WHO ARE WE?

RJJ Developments is led by experienced property developers and brothers, Rob and Joe Williamson, who have successfully completed investment projects since 2007. As a property development company, RJJ Developments specialises in residential and commercial refurbishments. We work with enthusiastic and open-minded investors and joint venture partners to seize opportunities and maximise returns. Read more…

COMMON PROPERTY INVESTING CHALLENGES

Without the necessary experience and training, property investing can be challenging. We often speak to individuals who are interested in investing, but they struggle to find deals. Yes, it’s a numbers game, but it’s not as simple as just buying below market property. If you don’t have the right partners on board, then you might struggle to make the most of an investment opportunity. Many people give up and walk away when an offer is rejected.

Once you have acquired a below market property, it needs to be developed, keeping costs to a minimum to increase the property value. Certain improvements make refinancing a simple process, which in turn releases the equity and increases profit margins. If you want to find out more about our property investing opportunities, download our Investor Pack.

WHAT’S HAPPENING IN THE PROPERTY MARKET?

Recent interest rate cuts by the Bank of England have led to mortgage rate cuts by many high street banks. If you have a tracker or standard variable rate (SVR) mortgage, this is likely to be welcome news. Looking ahead, most economists are predicting further interest rate cuts by the end of 2025. This is good news for those on fixed rate mortgages due to end over the next 12 months.

If you’re a landlord, buy-to-let (BTL) mortgage rates have fallen since the beginning of 2024, but they are still considerably higher than previous years. In February, average BTL mortgage rates fell to 5.5% and there has been a slight recent increase to 5.55% (July 2024). When you compare this to an average of 4.3% a couple of years ago, landlords on two-year deals looking to remortgage will see payments rise.

Many landlords have had enough of the financial challenges or they are simply looking for a way to sell. If you are struggling with mortgage rates or you’re looking to consolidate debt, then it might be worth considering your options. We regularly work with landlords to find profitable and personalised financial solutions for their property portfolios. Our development opportunities are based on shared values and will be tailored to suit your individual goals.

We hope you’ve enjoyed our first property development insights blog. If you have any questions or you would like a chat about property investing, please get in touch.

Thank you for reading our latest blog, Your New Property Development Insights Blog.

RJJ Development