‘Staycation’ boom offering opportunities for holiday let investors

Landlords and property investors are taking notice of a growing trend of the Great British ‘staycation’, with a number of them looking to rent out holiday properties on a short-term basis. On the back of good weather last year – England and Wales had the warmest spring since records began in 1659 – the number of domestic trips increased by an estimated 4.7% to 58.5 million, according to new research, while expenditure is estimated to have risen by 6.2% to £14.1 billion. Fergal McGivney, senior travel analyst at Mintel, which produced the British Lifestyles report, has predicted a “slight reduction in the growth of overseas trips as some consumers opt for staycations” this year, because of the subdued growth in wages and continued Brexit uncertainty. Meanwhile, tourism chiefs at ABTA have reported that the Norfolk Broads, the West Country and the Cotswolds are proving to be popular destinations for domestic...
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Are Leasehold Properties Good For Buy-To-Let Investments?

  For years now property investors have been arguing over whether it’s better to look at leasehold or freehold property. Both have their positives and negatives – it just depends on which strategy you believe will suit you, as an investor, best. What is a leasehold property?A leasehold property in the UK tends to be a flat. When you purchase it you retain the rights for the property for a particular period, whereas a freeholder has complete control over the building and owns the land on which it sits.A lease option is the written agreement between the freeholder and whoever is exclusively leasing the property. The latter has the ‘option’ to buy, rent or sell the property (depending on the document’s specific wording).Negatives of a leasehold buy to let Possible no letting clause. Just because you’ve purchased the lease for a property, it doesn’t necessarily mean you can legally let...
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How the Budget Didn’t Affect the Property Market

Yesterday was a bit of a ‘non budget’ for property investors, buy to let landlords and others in the housing market. ‘Non’ in two senses – the first being that, unlike last year, the words ‘property’ and ‘housing’ didn’t even pass the chancellor’s lips and secondly, Philip Hammond failed to fulfil the wishes of every ambitious landlord in this country by repealing the Stamp Duty on additional homes. Nor was he prepared to announce a U-turn on his clamp down on landlord tax relief – the impact of which will first be felt next month. Self-employed landlord NI contributions to increase What the Chancellor did do though, is hit hard around one in five individuals who make a living by renting out property. This is by increasing National Insurance contributions for the self-employed. For individuals earning between £16,250 and £45,000 annually NI contributions will increase from nine to 10 per...
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International Property Investors selling up after Brexit

  With investors from overseas contemplating the full effects of the decision recently taken to leave the EU, we are seeing massive outflows of investment from overseas speculators holding property based assets in the UK. With the pound sitting not so pretty around 1.17 to the euro, the impact of Brexit has been immediate. The UK has always been an attraction for property investors all over the world from China to Abu Dhabi. Property investors have always had a romance with own prime property in areas such as London, Manchester and Birmingham. With the UK decidedly leaving the European Union, those investors are concerned and rightly so. Though dropping prime assets so soon may be seen to be premature as the UK has yet to negotiate trade deals and the final makeup of Brexit for better or worse is yet to be seen. Most commonplace is that when a currency...
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Might a Cooling Property Market Be Exactly What Investors Need?

Property investors across the UK are on edge following Brexit as the pound remains unstable and the possibility of investor withdrawals persist. No doubt, the Brexit result had an immediate effect on clients who were previously interested in buy-to-let or purchasing a new home. Even those who had investments in property funds or coverage within their multi-asset finances were affected in one way or another. However, in spite of the unfortunate downturn in the markets, experts believe that the Brexit effect may have just created a ‘buyer’s market’. Residential Property The growth in the price of housing has started to drop across Greater London. In a report release from the Halifax House Price Index, the annual figure for June 2016 was 8.4 percent, a 0.8 percent drop from its 9.2 percent figure in May. Although house prices are still on the rise, Martin Ellis, an Economist at Halifax housing, says...
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Property Portfolio Investment Missteps that Are Costing You Money

For the ambitious among you who have decided to invest in property, it is highly likely that you are dreaming of the day when you can retire early and live off the returns of your shrewdly crafted property portfolio. After all, you didn’t choose to buy property for the fun of it – everyone who makes the decision to buy multiple properties wholeheartedly believes that they are making wise and ultimately fruitful investment decisions. Once you have multiple properties in your portfolio, you will begin to notice growing commitments and pressures. This is where property portfolio management software and experienced experts can step in to facilitate the process of developing a solid and profitable property portfolio and to warn you of dangerous pitfalls. Listed below are some of the most common mistakes property investors make that stand to cost them dearly in terms of time, effort and money. They become...
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Unpaid policy puppets?

Stephen Moss is founder of Pring.co.uk, the UK’s biggest investment property portal. Here he talks about Government plans to introduce penalties of up to five years in prison for landlords that let properties to illegal immigrants … The residential property sector makes a valuable contribution to the nations economic life. We absorb the knocks of fluctuating interest rates, new-build shortfalls, banking collapses, economic downturns and population shifts with barely a murmur. We pay our taxes, keep our heads down, work hard and hopefully make a fair return for our efforts at the end of the day. At no point in the broad description, did anyone make any reference to being an unpaid police force or a defined and unrewarded arm of the civil service, existing for the purpose of implementing government policy. Suddenly, panic stricken by the swelling migrant crisis and stranded by the conflicting forces of public opinion and...
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Emergency Budget Losers

LANDLORDS were given a nasty shock in Chancellor George Osbornes emergency budget earlier this month. In his first budget given as a Conservative rather than coalition chancellor, Osborne surprised property investors by scrapping mortgage interest tax relief at the higher levels. Buy-to-let owners were told they are to be stripped of the right to claim the tax relief at the 45 and 40 per cent tax bands. Kicking in from 2020, the change could have a significant impact on owners of multiple properties or those relying on rental income to pay outgoings. The surprise move caught landlords off guard in a budget aimed at encouraging home ownership rather than renting. Bank of England Base Rate With the Bank of England base rate still at its historic low of 0.5 per cent, the impact is likely to be minimal in the immediate future as returns on other financial investments are also...
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Buy-to-let investment yields rise 4.7% in 12 months

Rental yields generated by new UK property investments have increased by 4.7% over the past 12 months. Although the rates are impressive, these new figures revealed much regional variation. The source report also highlighted the importance on investing in a property that has a good record of being popular in the letting market; due to this the proportion of properties purchased with an existing tenant reach its highest in a decade. A well known Research Analyst explained this is creating a growing secondary market in which landlords and property investors are buying and selling assets to each other. This research shows the value of making a student property investment rather than a traditional buy-to-let purchase. Purpose-built student accommodation has higher average occupancy rates than the standard private rented sector, as the market is dangerously under-supplied.   For a no obligation chat about mortgages click here
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New Manchester Development Seeks Buy-to-Let Investment

In the busy urban market of Manchester, demand for rented properties is high and this has made it a popular destination for domestic and international buy-to-let investors. Now Grove House, a new development of modern apartments in a prime residential area, is seeking property investors and aims to soak up some of the citys excess demand. Grove House is an existing building, but with a commercial rather than residential past. Nonetheless, it is located on an excellent site in a popular residential area – Old Trafford – making it a prime choice for residential use. Now, with the help of funds from buy-to-let investors pre-purchasing apartments, it is set to undergo a conversion, and be transformed from the commercial complex that currently stands to a modern, high-quality apartment complex. The finished development will contain a mixture of one- and two-bedroom properties aimed at young professionals and small families. Investors are...
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The "Next BiG Thing" (property investors take note!)

I was on the phone earlier this week with Daniel Wagner (we met through one of the big London property conference’s a year ago) Im so excited by what hes told me: Daniels been teaching a group of VIPs at the UK’s biggest property training company how to build a deposit (as in £15k - £20k’s worth of cash) by posting product listings on Amazon for small, everyday items that make £10 - £20 profit PER SALE... I know that sounds STUPIDLY simple but he’s got no problem backing up the claim with proof. Daniel forwarded me this iPhone screenshot message from just one of the property investors he’s recently taught: Isn’t that crazy?? Quick, regular lumps of cash by posting listings on Amazon. It’s working so well because the marketplace on Amazon is VAST and no-one else in the UK knows how this works - No, nothing to do...
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Why Invest in Central Europe?

For many UK based property investors, buying abroad means two things rather than one. The location of the property is half of the reason many of us choose to invest overseas. The second, of course, is the expected return for the investment. In many cases, the decision to invest is made when the two elements combine. Put another way, many British investors opt for a second home in the sun which provides a bolt-hole and a growth opportunity
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Buying property in Turkey

Some investors want to start off with buying properties close to home and some like to buy internationally. This all depends on the investor’s strategy and personal requirements. They may have a personal interest in having a holiday home abroad and of course making money at the same time is a good bonus.
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The Dos and Donts of Applying for an Extension

Many property investors purchase properties with the expressed intention of doing them up to sell on. A big part of the ‘fixer-upper’ process is determining whether or not it’s possible – and affordable – to increase the size of the home. This can be achieved in one of two ways; by adding an extension, or by converting existing space such as a loft.
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Multiple Streams of Property Income Event

Click here for full information  The Event at A Glance by Rob Moore I want You to be one of the inner circle of savvy UK Property Investors to receive the benefit of a training event that myself, my business partner Mark Homer, and our 30+ strong team have been building up towards for the last five years! It’s the ONLY event of its kind in the UK where multiple streams of property income are revealed in a full-on 3 day networking & training intensive. When you join us you’ll experience: The 6 Property Income Streams taught in detail (DP, LOIC, SHMO, PBI, PTI, SL) How to Make Many of the Income Streams, Both Passive & Hands-off How to Create both Long-Term Sustainable Wealth & Super-Fast Income (in 1 Month or Less) Easy Systems & Models for Leveraging & Outsourcing Most of the Work yet Earn Virtually all of the...
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Simon Zutshis Property Mastermind Programme

You can achieve more in just one year than most property investors achieve in a decade, with the Property Mastermind Programme! Click here for more information First launched in April 2007 the Property Mastermind Programme has become the UK’s leading community of ethical property investors, making money through property, whilst helping people to solve their property related problems. It is a comprehensive 12-month programme, designed to help you become a professional property investor with the initial goal of you accumulating an extra £1,000,000 of property and gaining a £50,000 income. This is not to be confused with some get rich quick scheme. You will need to invest some time and effort to achieve this goal and following our tried, tested and proven step by step strategies, it is very possible for you to achieve, and even smash this goal as many investors just like you have already done. Why learn...
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Dont disregard the dull and boring

    There are many opportunities available to property investors and it is often the "dull and boring" deals that offer strong and reliable returns.     The video below explores properties that Platinum Portfolio Builder (PPB) encourages investors to consider; those which offer heavy discounts and double-digit yields.  It is not glamorous properties in hot sunny climes that PPB recommends but those much closer to home in the UK residential market.    The main points discussed in this video are:     The opportunities which offer the strongest returns   The importance of yields and discounts   Dull and boring versus glamorous and exciting   Problems that can arise from overseas property   Unique opportunities PPB have available             If you would like expert advice on property investment and further information on how it could be your route to financial security, then contact PPB via...
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Happy Anniversary 0.5% Interest Rate

The Bank of England today announced that it will again maintain the Banks base rate at 0.5%. This means that today is the 5th Anniversary of the UK Bank Rate at its historic low of 0.5%. This is the first rate decision since the Bank amended its "forward guidance" policy, introduced by the new Governor Mark Carney, which linked this rate to unemployment figures. This guidance has now been replaced by the so called "fuzzy guidance" which ties the borrowing rate to the speed of recovery as measured by 18 indicators. It was expected that the base rate would remain at 0.5% due to the reports previously made by the bank. Indeed with inflation on course to ease over the next year or so, there is a strong likelihood that 5 March 2015 will be the sixth anniversary of the 0.5% rate. Markets expect the Bank of England to hold the...
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Webinar - How to make £5K per month part time from property!

If you are serious about generating some good cash in the next few months then make this a priority and join Simon on this NO COST webinar on Monday 3rd February at 9pm
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Property Predictions for 2014

With 2013 becoming a distant memory we find ourselves facing 2014 pondering the changes that will occur in the property market.   Nick Carlile, Managing Director, Platinum Portfolio Builder (PPB), would like to share his predictions for the year ahead when considering UK Residential Property Investment He focuses on the key issues that concern any investors or those contemplating a move into property, which are: Price Price is always at the forefront of any investor’s mind and the subject which generates the most debate! Nicks predictions for this year are that prices in London will begin to slow down (albeit there will be some level of growth) and other areas around the UK will instead experience greater levels of growth. Geographical Areas Nick believes, that for the best investments in 2014 (which provide greater discounts, double digit yields and a good income) the best strategy is to focus further North on...
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