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BUY TO LET Source property well below mortgage valuation and build up your own portfolio of rentals, even with limited or no capital. Buying to rent is a booming market, more people than ever are renting instead of buying. In keeping with this there are over 70 lenders active in the market prepared to lend on bricks and mortar alone on a buy to let basis. You can profit by owning houses other people pay for! A basic principle of buy to let, is that the monthly let on any property will be much higher than the mortgage repayment. Not only will your tenant be buying the property for you, but you will also be pocketing the difference between the rent and the mortgage payment each month. To take advantage of this profit opportunity, properties must be purchased well below their Mortgage valuation. You must buy bargain properties.
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BUY TO SELL Buy
properties at rock bottom prices and immediately
sell again, at or near the current market value.
High profit potential. If you're looking for quick
profit there is no simpler or quicker way than
buying to sell. Unlike any other business you don't
need start up capital or intricate business plans to
purchase a property. In this current market place it
is relatively easy to obtain non-status short term
loans /mortgages secured on the value of the
house. If the property is valued well above your
purchase price you are already in positive equity
and a full mortgage can be obtained. Leaving you
free to sell at full market value and pocket the difference.
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BUY
TO RENOVATE Purchase
property up to 45% under the true market value then
quickly refurbish to sell on at high profits. A
number of lenders specialise in this market. Several
offer staged loans, which are ideal for the amateur
property developer. The building society
surveyor will agree the full market value of the refurbished
property and make a mortgage offer based on this. A
percentage of this loan is made available to buy the
property. Further payments are made in stages as the
work is in progress. No need for you to put your
hand in your own pocket.
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BUY TO LIVE If you are looking for a family or retirement
home there is no better way to source a property than through
our site. The sheer quantity and variety of properties available
is huge and there is bound to be something to suit your needs. Not
only will you be paying substantially less for the property but
you will have the opportunity to walk into a property and redesign and redecorate completely to your own tastes avoiding
the massive premium a newly decorated property carries with it.
We
can help you purchase a bigger and better property than you ever
thought you could afford.
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Why going rental can make perfect sense
"Fed up with low returns
from building societies and banks? with the housing market steady
and rents at a premium investing in property is now seen as a smart
financial move. Britain is witnessing a rental boom. Demand for
rented property has been fuelled by increases in the number of
single people, later marriages and contract workers traveling long
distances to their jobs. Meanwhile the housing act, giving landlords
more security through assured shorthold tenancies, has made renting
a more attractive proposition. In 1979 rented property was at
an all time low accounting for just 7% of housing. Today 12% of
homes are rented. In ten years it could be 20%. Few investors have
the nerve to work full time at buying and managing rental property.
But after his first successful investments, John Glare has done just
that. "I worked for a large credit card company and spent my
spare time building up a property portfolio" said John, 35.
"Then 3 years ago, I decided to give up my job and earn a
living out of being a landlord"."
Extract from: The Sunday Times
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Become a Landlord and boost your retirement income.
"Falling
rates for pensions annuities are a fact of life that is not going to
go away. Increasing longevity as well as the low level of long term
interest rates mean they are here to stay. This means people saving
for their pension will have to adjust their sights and make plans
accordingly. It also means it is worth thinking laterally about the
problem of providing income in retirement. One candidate outside the
pensions arena looks a good bet. It is to invest in residential
property instead. Residential property prices generally speaking are
likely to rise long term with earnings. Rents are likely to do the
same. On the face of it, rental income sounds an ideal way of
providing your needs in retirement, and there is icing in the cake
as well. You can leave your property to your heirs, whereas a
pensions annuity dies with you. Getting the right finance is one
vital piece of the jigsaw. There has been an explosion of buy-to-let
mortgages in the past year or two."
Extract from: The Financial Mail
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