Paul Shamplina takes to BBC Radio 4 to voice concerns with "Rent to Rent"

On Wednesday 16th October Paul Shamplina, Founder of Landlord Action appeared on BBC4’s You and Yours show, to highlight the shocking risk to landlords of the latest money making strategy to sweep the property industry, “Rent to Rent”.  It’s a simple concept: Rent a house, then sub-let the rooms to sub- tenants and make as much profit as possible.  This will be available to listen to on BBC iPlayer This is a mushrooming phenomenon which has seen hoards of “experts” writing blogs, books and seminars on how to get started and even running courses costing up to £500 on how to bring in tens of thousands of pounds with virtually no out-lay. One such “guru” includes Daniel Burton who claimed he earned £35,000 a month from the get-rich-quick scheme.  Last week, The Guardian revealed he has gone missing, leaving tenants and landlords across London hundreds of pounds out of pocket. The idea behind...
Rate this blog entry:
Continue reading
965 Hits
0 Comments

2012 Targets – Have you set them?

We hope you’re looking forward to Christmas and a bit of down time.  We always think of it as a good time to do some planning (as well as enjoying yourself)!  This sort of thing always goes to the bottom of the ‘To Do’ list in normal every-day life. However, it’s such an important thing to do. You know the old saying: “fail to plan, plan to fail”! 2011 Target We personally had a target to acquire 5 additional investment properties in 2011 and we almost achieved our target, we have almost bought 4! 1 is a multi let with a JV partner (great Cashflow). 1 is a lease option 2 bed house, 1 is a 3 bed apartment and we should complete this week on the 4th, which is a 2 bed tenanted property with a £230 net cashflow. We were happy that we’d almost achieved our goal for 2011. ...
Rate this blog entry:
Continue reading
9234 Hits
0 Comments

Loans - The long and The Short of It

When we were all credit crunched in 2008, a lot of media focussed on the negative effects of decades building up credit. They were, of course, right – many people had borrowed more than they could afford and were left in dire straits when the economy faltered. After nearly three years of paying off more debt than weve accrued, one would assume that the situation was getting better, however, at the start of December news outlets reported that nearly 60% of us will consider getting a high interest, unsecured, short-term pay day loan to see us through to the next pay cheque. Loans in themselves are no more risky than any other financial product, nor do they have to be expensive if you opt for long-term loans from Santander or other well established high street banks. However, the problem with pay-day loans is that they can charge up to 4,000%...
Rate this blog entry:
Continue reading
12911 Hits
0 Comments

Halifax HPI for July show various increases

The Monthly increase was 0.3%, taking the average UK House Price to £163,981. Over the three months to July, often seen as a more realistic figure, the increase was slightly higher at 0.5%.
Rate this blog entry:
Continue reading
6457 Hits
0 Comments

Pay off your Mortgage and secure a strong pension

In just 10 years from now, how would you like to have paid off your home mortgage in full and have secured a strong pension?
Rate this blog entry:
Continue reading
1314 Hits
0 Comments

Report shows student accommodation is booming

Landlords looking to expand their portfolios may wish to invest in properties in popular student areas, as this segment of the market is performing particularly well.
Rate this blog entry:
Continue reading
703 Hits
0 Comments

UK property prices still in retreat

UK property prices remain on a downward curve - news which is likely to get a mixed reception from landlords with buy to let insurance. Those looking to purchase more property to add to their portfolio may consider the latest statistics from Halifax to be an encouragement to get back into the market. Others might fear that falling house prices will give people currently renting the impetus to buy. The latest Halifax House Price Index revealed that house prices last month were 3.7% lower than in 2010 - as measured by the average for the three months to March against the same period a year earlier. Halifax said that this represented the biggest annual fall since October 2009 (-4.7%); Housing economist Martin Ellis said: "Weak confidence amongst households, partly due to uncertainty over the economic outlook, is constraining housing demand and resulting in some downward movement in prices." Looking from a...
Rate this blog entry:
Continue reading
9969 Hits
0 Comments

Number of buy to let products reaches two and a half year high

Landlords looking to boost their portfolios will find they have more mortgage products to choose from than at any time since October 2008.
Rate this blog entry:
Continue reading
575 Hits
0 Comments

Are you properly insured?

Property values in the UK fell slightly for the first part of 2011 (Nationwide indicated an average fall of 1.3%, Halifax a fall of 3.7% and the Land Registry a fall of 2.3% for the same period). With fewer first time buyers entering the market. According to the Council of Mortgage Lenders property investors took out 27,600 buy to let mortgages (totalling £2.9 billion) in early 2011 which was 3.5% lower than loans taken out in the last quarter of 2010 (11% fall in overall mortgage lending in the first part of 2011).
Rate this blog entry:
Continue reading
835 Hits
0 Comments

Serial bad tenants continue to plague landlords

  Landlord Action, an organisation specialising in tenant eviction, has successfully gained possession of a property after one landlady’s six month battle against a serial offending tenant, which had severe consequences. It highlights once again the crucial need to carry out thorough tenant referencing to avoid falling victim of unscrupulous tenants and the consequences if you don’t.   In August 2010, landlady Mrs Finberg used a local letting agent to rent out her two bedroom apartment in the Borough of Barnet. From the outset, Mrs Finberg was the victim of a rogue tenant who, after paying two months’ rent upfront, failed to make any further payments and went about making ‘decorative’ changes to the property without permission, even though it stated in the agreement that this was not permitted. Mrs Finberg comments “he painted walls and odd cupboard doors, took down radiators, ripped out a sink detaching a waste pipe...
Rate this blog entry:
Continue reading
603 Hits
0 Comments

The 2011 home insurance postcode lottery

The cost to insure your home and its contents is steadily on the rise. Since January 2010 we have seen a national average rise of just six per cent or 2.5 pence per day, however new data from price comparison site Money Supermarket has shown that in some areas prices have rose by an astonishing 46 per cent. This is the sad truth for residents of Dorking in Surrey where their home insurance premiums have now risen from an average of £119 to £174 over the last 14 months. That is an increase of 15 pence per day. Greater London seems to have been hit hardest with five areas in the top twenty. Julie Owens, head of home insurance at moneysupermarket.com said: “Unfortunately for consumers, things look set to get worse with the increase in prices unlikely to slow down in the coming years. As our research shows, some areas...
Rate this blog entry:
Continue reading
1501 Hits
0 Comments

The LHA and how to make it work for you - free download

We have recently been able to get a  FREE excerpt from John Pauls ebook “LHA and How to Make it Work for You”, it’s full of tips and tricks that you can use to improve your cashflow, and your understanding of LHA. Would like to know more about investing using an LHA Strategy, but dont know where to start? Do you already use this strategy to invest, but your LHA Tenants are costing you  time, energy and MONEY? It doesn’t have to be that way – in fact, getting LHA Tenancies right can be hugely profitable and hassle free! "LHA is an opportunity to increase cash-flow and produce rental yields that we haven’t seen for years, all you have to do is to learn how to work the system, and use it in your investment strategy". –  John Paul Download the free excerpt here to learn more about LHA Investing. If...
Rate this blog entry:
Continue reading
9541 Hits
0 Comments

How to get more deals with less effort!

Find deals immediately at no upfront cost to you! By Simon Zutshi One of the quickest ways to find BMV deals is to contact other investors who are already finding motivated sellers and ask them if you can have some of their leads that they are not interested in or ones that they cannot convert. This is one of the strategies I teach on my one day “Property Investing Quick Start” seminars, because it is a NO RISK method of you obtaining leads immediately at NO UPFRONT COST to you. You can find these people at property networking events or just contact people who are advertising to find motivated sellers. By now you might be thinking: this sounds like a great strategy but why on earth would an investor not want some of their leads? Well there are two main reasons: 1)    Most investors have a certain criteria that they are...
Rate this blog entry:
Continue reading
898 Hits
0 Comments

Property Tribes Interview with John Paul, MD Castledene Group

I recently came across this interview that Property Tribes did with John Paul from Castledene Group.  Its a great interview and impressive to see what John has built up over a short period of time.   John is also an expert on LHA Investing and has produced a great handbook. If youre interested in this form of investing, which can be very lucrative, Ive added the link to the eBook below the interview.
Rate this blog entry:
Continue reading
8808 Hits
0 Comments

Buy to let sector predicted to grow this year

In an article for Mortgage Strategy, John Phillips - financial services director at Kinleigh Folkhard and Hayward - said growing demand for rental property combined with a shortage of housing has caused consecutive rent rises over the last few months.
Rate this blog entry:
Continue reading
708 Hits
0 Comments

2011 said to be a good year to become a buy to let landlord

Landlords may be pleased to hear it has been claimed now is a good time to invest in property.
Rate this blog entry:
Continue reading
12481 Hits
0 Comments

Manchester pin Meeting - had any BFOs lately?

What an amazing evening Wednesday night at Manchester property investors network meeting.  With over 60 investors, professionals, experts and novices in the room the atmosphere was buzzing and we really got 2011 off to a flying start.  Thanks to everyone who attended and made it such a great evening. Also thank you to our two speakers for the evening Sally Lawson and Sarah Harkness. Sally Lawson found plenty of pin members wanting to catch up with her in the networking break, having shown them how much money there is to be made managing other peoples property. She ended her talk asked the audience, "If youre interested in working with me, showing you in minute detail the very best of what Ive learned over the last 20 years...heres your chance?" It appears shes decided to open up her expertise and experience to a small select group of investor landlords, to work with...
Rate this blog entry:
Continue reading
9272 Hits
0 Comments

What will happen to the UK housing market in 2011?

Graham Phelps gives his views on the 2011 property market.
Rate this blog entry:
Continue reading
13379 Hits
0 Comments

Expert predictions for 2011 property market - Kevin Green, Sarah Beeny.....

Expert Predictions for the 2011 property market. Find out what Kevin Green, Sarah Beeny, Simon Zutshi, Mark Jackson and many others predict for 2011. Download the FREE 2011 Property Market Prediction report * Email * First Name * = Required Field
Rate this blog entry:
Continue reading
807 Hits
0 Comments

2011 Property Market - will it be a good time to buy?

So what does 2011 have in store for UK house prices? Well that is the ultimate question we all want the answer to.  Will 2011 be a good time to buy? Looking at the various major House Price Indices (Halifax, Nationwide, Rightmove, DCLG and Land Registry), then across the board it’s clear we are pretty much back to prices from this time last year, approximately 2.5% below the highs seen during the year. Yet we are still well above the lows we reached in 2009, an average of 9% above The general consensus from the key HPI organisations seems to be a fairly flat market, with some downward pressure due to the uncertainty with the economy and thelength of time taken to sell properties, meaning more discounts available. It also seems that investors are willing to wait longer to snap up good deals. The general view is that interest rates...
Rate this blog entry:
Continue reading
9945 Hits
0 Comments