Estate agents quoting misleading below-market-value home sale prices have been reprimanded by the advertising watchdog.
The Advertising Standards Authority (ASA) upheld four complaints against Express Estate Agency, run in Manchester by Sell Quick. Continue reading Below Market Value Agent Advertised Misleading House Prices
As an Airline Pilot, Ray Pearce has a fairly unique perspective on the changing trends of UK holiday makers; “Over the last few years I’ve observed an increasing trend for UK families to choose to holiday within the UK rather than flying abroad, so for me, investing in holiday lets is kind of hedging against my day job as a pilot. Also, the right properties can give great cash-flow and offer interesting tax advantages”.
Continue reading Airline Pilot’s Holiday Let Strategy Takes Off
Another important factor I like to consider is the “Equity Return on Cash”. Ideally the smaller the deposit, the greater the Equity Return on Cash. Today 15% deposit is almost a thing of the past, 25% deposit is now the norm. Unless its apartment new build and then it’s a whopping 35% deposit. Let’s now look at a financial example for both schools of thought.
Continue reading “The story of a Value Investor” part 2 – The Property Maverick
How and Where to Find Property Bargains
Welcome to the next four part episode of the “Property Maverick”. I will again try to make this episode fact filled, funny and light hearted. But the real funny stuff will come in “The Pros and Cons of being a Franchisee”, “The Bulgarian Fool’s Gold Rush”, and laughs a minute when Bob the builder goes property developing overseas. So whatever you do, don’t miss those episodes to come!
Continue reading “The story of a Value Investor” part 1 – The Property Maverick
Prices for homes sold at auction are running at about 20% below market value, according to the latest round-up of figures for homes that went under the hammer in October.
Property buyers snapped up 1,759 homes for an average £126,580 each – compared to the Land Registry’s average home price for the month of £159,999. Continue reading Homes Under the Hammer Cost 20% Below Market Value
Recently, one of the properties managed by our portfolio management company, National Property Group, was subject to a legal challenge against the landlord.
Since selling the property, the original vendor had subsequently been made bankrupt, and the Trustee acting on behalf of the creditors was demanding the difference between the below market value sale price and the market value, from the Landlord. Continue reading How Sell and Rent Back Links Britain’s Most Wanted Man
Consumer champions are warning homeowners with financial problems about property speculators who offer a way to avoid repossession with lease option deals.
The Financial Services Authority (FSA) is drafting guidelines warning homeowners about some unscrupulous companies that fail to deliver their promises to stop repossessions or ease their financial problems.
Lease options are a controversial property investment tool favoured by speculators looking for below market value deals. Continue reading FSA to Warn Homeowners About Misleading Lease Option Deals
Homes under the hammer are still knocking up strong sales with almost 2,500 properties changing hands for £282 million.
Around 70% of all homes up for auction were sold, according to the latest UK auction statistics for September from EI Group.
The number of lots sold were up from 3,450 (3.8%) on a year ago, while the total cash raised was up 11.3% from £254 million. Continue reading Auction Homes Still Selling at 30% Below Market Value