The Loan Directory will be a regular feature and will publish competitive and innovative product offerings to help clients identify appropriate funding facilities.
In this first publication we provide a selection of the most competitive deals on offer in respect of Development Finance. Market leading features are highlighted for easy reference. Continue reading Development Finance Loan Directory
It is possible to remortage within six months of purchase, even on a buy to let property, I promise you! Forget everything you have heard about “the CML’s six month rule”, no such rule exists!
The legend of the “CML’s six month rule” for remortgaging has been bandied around forums for at least five years now but I can assure you that no such rules exists – allow me to explain. Continue reading You can remortage within six months!
We receive hundreds of readers emails and telephone calls every month, the vast majority require contacts to arrange funding, hence this article which explores six very different strategies of financing property refurbishment projects. Continue reading Financing Property Refurbishment Projects
It is quite rare for me to share taxation strategies here in full on my blog, especially taxation strategies for capital raising purposes which I’ve not used personally yet (but intend to). However, following an email from a reader called Mike today I will make an exception on this occasion. I love to share my strategies bit by bit but I often miss out some key elements, either to encourage further conversation or to provide enough intrigue for my readers to want/need to contact me personally. I explain why I do that here.
Mike wrote to me as he is currently going through a tax investigation and from his email it is quite aparent that he has a decent understanding of landlord taxation. Mike’s email raised questions regarding an article I recently published about “Partial Exit Strategies for landlords“, and in particular the taxation strategies for capital raising as referred to in that particular article. Continue reading Taxation strategies for capital raising on a BuyToLet basis for retirement
This weekend we are celebrating the launch our Discussions Forum.
You will find it on the main Navigation Bar of our website. We introduced this new feature based on feedback from readers who would like to be able to see at a quick glance the articles which are the most recently published or commented upon. The Discussions page also shows when the articles were first published, how many times each article has been read, how many comments have been left and who by. You can link to the main article or just the latest comment.
We have also added Exit Strategies and Succession Planning to the dropdown in the Navigation Bar headed “Landlords Log”. This groups together the best read articles on those subjects and each page links to related articles in the appropriate series. Continue reading Weekly News round up for the week ending 3rd of August 2012
Many high street banks are still refusing to offer new or extended terms to development finance facilities and those that are still in the market are offering increasingly stricter terms with the introduction of exit fees, increased rates and an insistence that the loan is serviced on at least a quarterly basis. In extreme cases, some banks are demanding early loan redemption. This often leaves the borrower with a major headache in a market where commercial lending is restricted and competitive alternatives are not immediately apparent.
As a direct consequence, the void is being filled with dedicated development finance lenders and new entrants to the market. This is good news for borrowers as the competition starts to drive down rates and fees. Continue reading Development Finance void being filled by new lenders
It is not an exaggeration to say that every day we are asked the question “can you arrange a buy to let mortgage for me on an auction property I am interested in purchasing”. My next question is when and the answer normally ranges from next day to next week.
If you are not a cash purchaser of residential auction property you need to be prepared to put down a deposit of at least 35-50% and budget for 10% of the purchase cost over 6 months in Bridging Finance costs. However, the most cost effective solution is to try and put yourself into the position of being a cash buyer Continue reading Auction property and buy to let mortgages don’t mix
Whilst a bungalow isn’t likely to provide you with the highest possible rental yield, bungalows should not be overlooked as property investment opportunities, especially by investors with with good refurbishment skills or a good team of tradesmen. Continue reading There’s good money in bungalow refurbishment
Bank tariffs are increasing amidst fears of the Euro zone instability and the resulting increase in funding costs. There is no doubt that rates will continue to increase, which is why fixed rate deals are particularly attractive.
Protecting your business against future interest rate shocks and having peace of mind of a fixed payment term is proving to be a popular choice. Lenders also see this as an attractive option because it lessens their exposure to the risk of borrower default as a consequence of rate increases over the term of the loan. Equally popular is a mix of variable rate and fixed.
Continue reading How to combat Commercial and development loan rate increases
The commercial property market is still struggling due to the difficulties in the economy, according to Jones Lang LaSalle.
Their latest forecast cites returns down at 2%, although office rentals in the West End should perform well. Elsewhere across the country will not experience the same though, with Jones Lang LaSalle expecting rental falls. Continue reading Forecasts Down for Commercial Property