Dear Property Investor,
We have a gift for you.
It’s valued at £597, however, it could be worth 6 figures to you.
On the 18th September, three of the UK’s most successful property experts will be sharing their proven strategies for building multi-million pound property portfolios, creating cashflow, buying property at below market prices and much more.
And, for a limited time, you can get your £597 tickets at no cost, as our guest.
Simply click here to claim your complimentary ticket
Have you ever wanted to find your own property mentor? Someone who’s already cracked the code and can give you the inside track on the secret to profitability and success in the real estate market?
Each an expert in their field, the Wealth From Property mentors will share with you the A to Z of building wealth through property investment, including:
6 different strategies to take you from £3000 to property equity millionaire in under 5 years
11 ways to cashflow EVERY property deal you find
How to finance your investments with little or none of your own money (even for as little as £1 and with no mortgage!)
How to make money in property without even having to buy a property
How to identify market trends and get in to high growth areas at the right time
14 ways to make cash after the property crash
The property cashflow rules you MUST follow to buy properties under market prices
3 ways to negotiate a 25 – 60% discount on your next property purchase
Exactly why property is easier, safer and cheaper than your JOB!
How to identify property hotspots
How to make a £5K a month cash flow from property “No mortgages required” within 10 months
Each of these mentors has used property to create a great deal of wealth in their own lives. They each own multi-million pound portfolios and they have helped thousands of other people create wealth through property too, including:
Lyndon Wright – who now owns 11 properties in just 18 months and has £4500 passive income EVERY month from his investments
Paul McFadden – 4 properties and counting, plus 5 Lease Options!
Willie Beveridge – 6 deals in just 10 months
Trevor Cutmore – bought a property 35% under market value
Ross Bailey – 17 year old who raised £200,000 JV finance using one of his mentor’s strategies
Gill Alton – Mother of two who has acquired 7 properties in 7 months (working just 10 – 15 hours a week)
Andy Gelder – portfolio of 18 properties
This is a must-attend event. If you’re already a property investor – these mentors will help you take it to the next level. And if you are wanting to get started in property investment, give yourself the best chance possible and register for this powerful 1-day event today.
Yes, I would like to claim my complimentary ticket valued at £597
To your success,
P.S.
Tickets are going fast for this HOT event so claim your ticket here now!
Last month, the Chancellor announced sweeping changes to the Housing Benefit system, capping Local Housing Allowance (LHA) at much lower rates than previously.
Many commentators have condemned the changes, but how will they really affect landlords?
Have your say in our survey.
If you are looking to invest in property in the UK, you will not want to miss out on the most significant development in recent times – new fortnightly online property auctions, held at zoopla.co.uk/auctions. It’s an entirely new way to buy property from motivated sellers.
- Dozens of new properties available at each auction
- All properties are listed by motivated sellers
- Assets include repossessions, new builds, etc.
- View properties and arrange viewings online
- Bid from the comfort and privacy of your own home/office
Fortnightly online auctions are hosted at zoopla.co.uk/auctions and operated by REDC, the world’s leading property auction firm. Event bidding starts on Thursdays at noon and ends at 6pm on Sundays.
To learn more about how to take advantage of this great new way to buy property, and to register for notification of forthcoming auction events, visit zoopla.co.uk/auctions today.
Financial watchdog, the Financial Services Authority (FSA), has announced plans to encourage responsible lending, in a bid to prevent reckless borrowing.
Last October, the FSA proposed affordability tests for all mortgages to ensure that lenders get “back to the basics of responsible lending”.
It also wants mortgage customers to verify their income and this could see the end of self-certification loans – where no proof of income is required.
The watchdog said it wants to ensure that lenders only lent money to those who could afford it.
Lesley Titcomb of the FSA comments: “There is a clear link between financial overstretch and mortgage arrears and repossessions, and we are determined to protect vulnerable consumers by making sure that everyone who takes on a mortgage can afford it.
“We need to build a strong new framework to protect mortgage customers and to ensure that the problems we have seen in the past do not happen again, particularly as the mortgage market recovers,” added Ms Titcomb.
Anyone that has had to go through the process of trying to secure Housing Benefit knows that if it goes wrong, it can have very expensive consequences.
Firstly, if the tenant seeks help from the Citizens Advice Bureau or Shelter, etc, they will be informed that to become eligible for emergency housing and benefits they will need to be facing eviction.
Unfortunately the best way for them to achieve this is to remain in your property without paying the rent, until you apply to the courts to have them evicted. As you know, this process takes several months meaning your once reliable tenant is now going to cost you several thousands of pounds in:
- Rent arrears
- Court fees
- Solicitors fees
- Bailiffs fees
- New locks and refurbishment
On average you will not see a lot of change from £10,000-£12,000 (including refurbishment) – see Average Eviction Costs Breakdown. Not forgetting, of course, the fees you will pay to the letting agent for finding the new tenant. All in all a very costly process!
In the case of a landlord who has an existing tenant on Housing Benefit or who has become unemployed, but cannot claim benefit or is stopped for whatever reason, then the outcome could go like this:
Based on £500 per month rent:
- £1,500 for Late payments – av. 3 months
- £ 800 for Eviction via Section 8 / 21 – via a solicitor
- £1,000 for Additional arrears before going to court – av. 2 months
- £ 300 for Court appearance – waste of the day and expenses
- £ 750 for One month’s eviction notice + 2 weeks Bailiffs notice
- £ 200 for Bailiffs called for final eviction (if needed)
- £ 200 for your time and expenses, eg
- £ 200 for New locks
- £5,000 for Refurbishment (for new tenant)
- £1,000 for Void period for refurbishment and waiting for new tenants - average. 2 months
- £ 500 for Letting Agent fees (tenant find, 1 month)
- £11.450 Total
All in all a very costly process!
This example could cost the landlord over eleven thousand pounds quite easily.
OR EVEN WORSE THE HOUSE BEING REPOSSESSED!
What we have found from past experience is that not all these rejection / reduced claims are legitimate. Subsequently many of these cases, when challenged, crumble and get reinstated. This means back-rents are awarded, often running into several thousand pounds, which we insist gets paid back directly to the you, the landlord.
Starting from only £50, you can have a One-to-One case assessment with one of the UKs leading LHA consultants, to assess the merit of your case and probabilities of a successful challenge.
We Can Answer Questions, Concerns, Issues Or Problems Quickly – Providing Clarity And Solutions
- Constantly Up To Date In Latest LHA Legislation
- Staffed By Ex-Industry Professionals With Over 20 Years Industry Experience
- We Know All The Ins & Outs Of Benefit System And Will Always Be Looking To Maximising Your Claim
- We Offer Excellent, Efficient And Expert LHA Advice At Very Low Cost
- We Will Fight Against Claim Reductions, Clawback And Refusals Etc
For more details goto www.HousingBenefitHelpline.co.uk
A Practical Step-By-Step Guide To Multiple Streams
of Income In Property Management!
Have you ever wondered about the kind of money you could be making from managing other people’s property?
Maybe you’ve already ventured into this lucrative source of revenue, but perhaps you’ve yet to fully capitalise on all the multiple streams of income you could be enjoying.
In this insightful webinar presentation, top Lettings and Portfolio Management Professional, Sally Lawson, will be showing you, step by step, all the service tools available when managing other people’s property, plus sharing with you the kind of money to be made from each and every one of them.
There’s sure to be a few revenue stream surprises in there too!
Sally’s successful 20 year track record means she’s the perfect authority to share with you the following practical know-how:
- How To Create Multiple Streams of Income Managing Other People’s Property
- The Vast Toolbox of Services You Can Offer To Other Investor Landlords
- How Much Money Can Be Made Delivering Each of those Support Services
- How To Capitalise On The Returns From Those Multiple Streams of Income
- & How To Build a Client Base of Landlords That Become a Readymade Market To Sell Your Deals To.
Webinar date
Thursday 8th July
Start Time:
7.00pm
Finish Time
8.00pm
Book Now!
After registering you will receive a confirmation email containing information about joining the Webinar.
System Requirements
PC-based attendees
Required: Windows® 7, Vista, XP, 2003 Server or 2000
Macintosh®-based attendees
Required: Mac OS® X 10.4.11 (Tiger®) or newer
Space is limited.
Reserve your Webinar seat now at:
https://www1.gotomeeting.com/register/228786393
Here’s your chance to listen in to a short 6 minute podcast, recorded shortly after the Berkshire Property Meet, where Simon Zutshi (Founder of Property Investors Network) interviews Sally Lawson about this exciting new webinar.
7th July 2010
Are you aware of the penalties that you will face if your electrical appliances don’t meet the required regulations?*
3 months imprisonment and/or £5000 fine if there is risk of fire and/or an animal is injured
6 months imprisonment and/or £5000 fine if a human is injured or killed.
You could also be convicted of manslaughter and there are far greater penalties for that.
Don’t take the risk – Electrical Safety Testing will not only reduce any risk to your tenant, it will help you meet your legal obligations.
Portable Appliance Test (PAT) Just £60.50 inc. VAT
Up to 20 appliances tested
Completed by a City & Guilds 2377 qualified tester
Same great price, nationwide
Periodic Inspection Report (PIR) Just £155 inc. VAT
Up to 6 circuits tested
BS7671 Compliant Periodic Inspection Reports (PIR)
Completed by a City & Guilds 2391 accredited tester
Detects evidence of any defect and departure from the IEE Regulations
Professional technical advice
Plus, save money when you book your PAT and PIR test together, now just £201.50 inc. VAT!
Don’t put you or your tenant at risk, find out more about Electrical Safety Testing at LettingProtection.com or call us on 08444 727 226.
Regards,
Kevin Firth
Director, Letting Protection Service
Source: Welcome Property Services
* Electrical Equipment (Safety) Regulations 1994 and the Plugs and Sockets etc. (Safety) Regulations 1994, both of which come under the Consumer Protection Act 1987.
What’s in the guide?
If you want a sneak peek before getting the whole thing, here’s a quick breakdown and intro for each section of the guide…
THE FIRST TIME MORTGAGE GUIDE…
Getting a mortgage is a huge financial commitment, so it’s scary yet needn’t be difficult; you can get top-notch financial advice for free. However, they are advisors, not instructors, so this guide should help YOU make the decision.
CHAPTER 1 – What type of mortgage to choose?
This explains what a mortgage is, how it is ’secured’ on your home, and lays out the choices in front of you: interest-only or repayment; fixed or variable rate; and do you want flexibility?.
CHAPTER 2 – Boost first time buyers’ ability to get mortgage
The days when lenders threw out mortgages like sweeties are long gone. To get a decent interest rate doesn’t just need a big deposit, you now need a decent credit score too.
CHAPTER 3 – Mortgages for self-employed / contractors
If you’re self employed or a contractor, then getting a mortgage is tough. You’ll need cast-iron proof of what you earn; easy for the employed with payslips, but much tougher if you work for yourself or do not have a permanent contract.
CHAPTER 4 – How to get a mortgage
This covers going solo (if you’re ultra confident), the two KEY questions to ask a broker, and how to find a top broker to help you.
CHAPTER 5 – Watch out for the hard sell
As the mortgage market has developed some lenders and brokers try to make more money elsewhere in the process, so watch out for the hard sell.
CHAPTER 6 – Don’t forget the fees
Make sure when you do the sums, you add the full costs of buying a house and mortgaging. You can try and minimise them, but can’t magic them away.
CHAPTER 7 – Buy to let
If you want to buy a property to let out, you need a special mortgage. You can choose between fixed, discount etc, but the key factor’s likely rental income.
How come it’s free?
The guide is sponsored by fees-free mortgage broker London & Country but, don’t worry, it has 
no influence on the content. That purely depends on our view of the best way to save money.
The guide is written with complete editorial independence and purely focused on finding you the best deal. This was something we made sure was in the contract with London & Country.
Having said that, L&C isn’t stupid. We’ve been independently listing it as one of the top brokers for the last few years (see the Cheap mortgage finding guide) so it had a pretty good idea it wouldn’t come out too badly.
The reason it sponsors the guide is it gets a one-time chance to include its own letter promoting its service. And just to assure you, you won’t be sent any follow-up advertising or marketing, or any of that malarkey.
In the trade, this is known as a payment for ‘lead generation’ and in this case that means L&C pays for the publishing, printing, posting and a fee to this site. See more about this site’s ethical financial stance.
Are there any more guides?
Yep! As well as all the online guides on this site, there are a selection of special PDF downloads:
The Remortgage Guide
For people after a cheap remortgage deal ie. not the first time you get one.
Get full PDF / Printed guide: Mortgage Guide.
Teen Cash Class
A 40 page guide to teach kids AND parents all the essential money lessons.
Get full PDF / Printed guide: Teen Cash Class
Child Trust Funds
Full breakdown of what they are, how they work, and whether to use them.
Get full PDF Guide: Child Trust Funds
Hope you found the above information useful……
Click here to watch the next auction live.
MustbeSold is an auction house offering properties for sale by auction which ‘must be sold’
Acting for a wide variety of institutions, including mortgagees in possession, housing associations, local authorities and others. Mustbesold will hold 8 auctions in 2010 in London. The next sale will be held at Kensington Town Hall, Hornton Street, Kensington, London, W8 7NX on Wednesday 21st July 2010 at 1.00pm.
The auction on June 11th attracted many registered bidders, both over the telephone and in the busy sale room, with an overall strike rate of a pleasing 74%!
The July sale features property that ‘must be sold’ from all over the UK, on behalf of major banks, housing associations and private clients. The lots will be offered by the vastly experienced Graham Penny, widely recognised as one of the most successful auctioneers in the country.
Entries are now invited for our 8th September sale, for which the closing date is 5th August 2010.
Entries also now invited for the new Online Property Auction! Enter your property at anytime, have it listed immediately and exchange 21 days later! Must be Sold have had many successful sales via the Online Auction and it is proving to be a successful and cost-effective alternative.
Rents have risen by a staggering 2.3% over the last quarter to £839 per month, according to property portal www.FindaProperty.com who has recorded increased rental growths for the third consecutive month in a row.
Now an impressive £19 per month higher than they were during the first quarter of 2010; year on year rents have risen by 1.9%.
And it would seem that the majority of property locations have witnessed such rises, the highest being in Yorkshire and Humberside which rose by 3.4% to £553 per month.
Commenting on these rising rental prices, many property advisors believe that they are directly linked to the fall in the number of property lets available on the market. This coupled with increasing demands by tenants for rental properties, and property investors all over the UK are now witnessing rapid growths in rental values.
London too has seen decent rental growths…
In the last quarter alone rents have risen by 2.6% to £1,729 – £44 more per month than in quarter 1. And annually, rents on London property investments are 6.4% higher than a year ago, despite the number of rental properties available falling by 4%.
