Why not become a property educator yourself?

In a post-credit crunch, post-recession world, property has fallen out of favour for many people and they have forgotten what a great investment it can be. Seize this opportunity to educate them about how things are now, and how they can capitalise on that. It might be that up until now, you’ve only thought about investing in property, but there is a great deal of money to be made in educating others in how to do that. With an increase in house prices of 6% to June this year (Halifax) and a predicted recovery in the economy over the next two years (PriceWaterhouseCoopers) now is the time to start educating people in how they can make money in the property niche. If you are not already speaking about property, what’s stopping you? If you already use speaking as part of your marketing mix, are you seeing good conversions from it?...
Rate this blog entry:
Continue reading
11130 Hits
0 Comments

Buy-to-let mortgage lending, growing at 20% a year

Landlords have had a tough time obtaining mortgages after the market peak in 2007, as lenders rapidly withdrew from the market. In fact, even with the current mini-boom, lending to landlords is about half of what it was six years ago.
Rate this blog entry:
Continue reading
668 Hits
0 Comments

100% Mortgages are back and here to stay?

There were several headlines last week announcing Aldermore bank’s new 100% mortgage launched last week aimed at first time buyers. Aldermore are one of the newer banks – only opening in 2009, and we have found them pretty refreshing to deal with.  They are however taking no big chances on this product, with a 3 year fixed rate of 6.48%. The Family Guarantee Mortgage however allows homebuyers to buy a property without a cash deposit, as long as a parent or relative guarantees any borrowing above 75 per cent loan-to-value, with a charge on their own property. Borrowers must be at least 25 years old, and seeking a mortgage of no more than £250,000. From no 100% mortgages, or even 95% mortgages, available for the first 2 years after the credit crunch started, lenders are beginning to understand the market and get more confident again in offering new products. There are...
Rate this blog entry:
Continue reading
903 Hits
0 Comments

Is now the time to buy off plan?

Alan Forsyth from Property Secrets has provided this informative article about Off Plan Investing. Buying off plan was very much the way to invest several years ago, and worked very well in a rising market. For instance I bought off plan in Leeds city centre 11 years ago, as new build apartments were just starting to be built - and sold on 6 months after completion making a good profit. This type of investing worked well for investors in Dubai, and many emerging European markets over the last 7-8 years up until 2008 - with investors seeing excellent return on investment before they even completed. This investing then suffered as the credit crunch kicked in.  Investors hoping to secure 85-95% mortgages then saw loan to values reduce to 65-75% meaning extra funds were required on completion, and this affected some end values. So done well it can work very well,...
Rate this blog entry:
Continue reading
1149 Hits
0 Comments

Paragons return to the buy-to-let market

Paragon, one of the largest buy-to-let lenders during the house marking boom, has decided to return after 18 months. Paragon, one of the largest buy-to-let lenders during the house marking boom, has decided to return after 18 months. With a new debt facility from Macquarie Bank, Paragon have decided to return back to the market it had to withdraw from after being hit by the credit crunch. The whole market has suffered from lack of competition and indeed the announcements recently by Lloyds TSB group to reduce the number of mortgages a borrow can have with them from 9 to 3, was unwelcome. Lets hope with the return of Paragon that we start to see easier access to lending. For more information visit: http://www.bbc.co.uk/news/business-11426506 What troubles have you had with getting a mortgage recently? Or have you not had any trouble and are wondering what all the news is about? Let...
Rate this blog entry:
Continue reading
5985 Hits
0 Comments