EU rules that aim to tighten up mortgage lending may have an unforeseen impact on buy to let.
The draft EU mortgage directive covers all mortgages for residential property and sees no difference between buying as a home or buy to let.
The main issue for lenders is the directive makes them more responsible for showing a borrower can afford a loan. Continue reading EU mortgage rules could trap buy to let lenders
A business claiming to be the UK’s first “truly national” online property auction service for UK property has just been launched. Mark Alexander, founder of Property118.com recently had an exclusive interview with Paul Fieldson, Managing Director of bidonmyhouse, to see if this online property auction really will live up to its aim of ‘revolutionising the marketplace’. Interview notes as follows:- Continue reading Will new online property auction service bidonmyhouse really revolutionise the marketplace?
Sam Collett is a property developer, owner of Gorgeous Homes, an avid property auction buyer and Winner of the Primelocation.com Blog Awards 2010-11. In this article Sam shares her top tips on buying property at auction.
Continue reading Auction purchases, where do I start with due diligence?
PERSONAL MESSAGE FROM MARK ALEXANDER
If you have a good property story to tell we may want to share it. Continue reading Looking for contributors to this Blog
This question was recently asked on a property forum and inspired me to write this post.
A spreadsheet could be written to crunch the numbers and I will explain how I do this further into this post.
Continue reading Sell or hold after completing a refurbishment?
In January 2008 I refinanced my entire portfolio in line with my ongoing strategy. There was an opportunity to release equity and I took it. Continue reading How I maximise the returns on my liquidity fund (cash in the bank)
Property investors may find the next few months an ideal time to buy reasonably priced property as buyer confidence slips to an 18-month low.
Estate agents and surveyors are reporting buyers are saying they will put off any purchase decisions until the spring – which leaves sellers with little option other than to accept a reduced price if they have to sell. Continue reading It’s a buyer’s market for landlords with cash to invest
House sellers need to do their sums before accepting an offer on a property investment to make sure the figures add up to pay any tax and settle the mortgage.
Property investors must know the break-even figure to set the asking price and to negotiate with a prospective buyer who makes an offer. Continue reading Making sure a selling price adds up for capital gains. Property investors must know the break-even figure to set the asking price and to negotiate with a prospective buyer who makes an offer
It was 1992, we were at the tail of the property crash of the late 80’s and early 90’s. I was still cutting my teeth in the market of providing commercial finance broking facilities to property investors. The phrase buy to let would not be invented for another four years and the internet was in its infancy. Property prices had fallen by 30% and interest rates had soared to 15%.
Continue reading The history of No Money Down and Instant Remortgages since 1992
Good property investment is about picking the right home that attracts good tenants ready to pay a competitive rent.
Plenty of advice on what to buy hits the headlines – but tips on what not to buy are rare.
Sometimes it’s hard to spot a rough diamond when viewing properties. Continue reading The blight and wrongs of buying property. Plenty of advice on what to buy hits the headlines – but tips on what not to buy are rare