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Headlines Today
This month Juswant & Sylvia are having a Channel 4 Secret Millionaire sharing his story and tips for success in property. How he went from humble beginnings as a dairy farmer to sharing a stage with Lord Sugar, Tony Robbins and Sir Richard Branson. He has also built one of the largest property portfolios in the UK worth over £25 million!
So how did he create this wealth, success, time and money? What drives someone to success like this? Well...you can ask him directly! On 17th October Kevin Green will be speaking at the Berkshire Property Meet and will talk about his Winning Investment Formula. Kevin will share with you his love of the property industry, his unique success systems on how to become a multi-millionaire drawing on his own experiences AND the strategies he has used.
Click here to book your place & find out more about this CH4 Secret Millionaire => http://www.berkshirepropertymeet.com
Of course IF you already have all the time and money you will ever need, then this really won't be for YOU!
As you know this is a regular fixture in my diary so get booked in now for another great night at Berkshire..
I look forward to seeing you there!
This month Juswant & Sylvia are having a Channel 4 Secret Millionaire sharing his story and tips for success in property. How he went from humble beginnings as a dairy farmer to sharing a stage with Lord Sugar, Tony Robbins and Sir Richard Branson. He has also built one of the largest property portfolios in the UK worth over £25 million!
So how did he create this wealth, success, time and money? What drives someone to success like this? Well...you can ask him directly! On 17th October Kevin Green will be speaking at the Berkshire Property Meet and will talk about his Winning Investment Formula. Kevin will share with you his love of the property industry, his unique success systems on how to become a multi-millionaire drawing on his own experiences AND the strategies he has used.
Click here to book your place & find out more about this CH4 Secret Millionaire => http://www.berkshirepropertymeet.com
Of course IF you already have all the time and money you will ever need, then this really won't be for YOU!
As you know this is a regular fixture in my diary so get booked in now for another great night at Berkshire..
I look forward to seeing you there!
Rachaels Cafe Gala Performance - Change of Venue Now in Camden Town
NEW 85% KRBS BTL EXCLUSIVE
LAUNCHED TODAY….
5.99% Fixed For 2yrs
Arrangement fee only 1% (added)
Available On Limited Companies, HMO’s, Freehold Units Split Into Flats And Student Lets
WARNING: funds strictly limited so only available on a first come first served basis
AND IF THAT IS NOT ENOUGH…
Max loan £350k
Rental calculator now reduced to 125% coverage at 5% or pay rate, whichever is the higher
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Buy-to-let millionaire 'lives in council house', says newspaper Friday 12th August 2011
A buy-to-let landlord who is also a Labour councillor has been living in taxpayer-subsidised social housing, it has been claimed.
Taken from http://www.landlordtoday.co.uk/
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Friday 29th July 2011
A fundamental shift in the housing market could be happening, Nationwide claimed this morning, with home ownership no longer an aspiration for many people, who prefer to rent.
Meanwhile, house prices have fallen across the whole country in the last year apart from London, latest figures from the separate Land Registry survey show.
The average property value of a home in England and Wales in June was £161,479 – down 2.5% on last year, although unchanged from May. Only London experienced growth in the last 12 months, with an average property price of £339,480 – an increase by 0.8%. However, house prices in the capital dropped by 0.1% from May to June. The North-East was the worst-hit region over the last year with a 7.1% fall to £101,440. In the North-West, property prices were down by 5.2% and in Wales by 4.4%. The volume of house sales fell in the months January to April - the latest figures – dropping from a monthly average of 45,509 for the same period last year to 42,733 this year. In April itself, there were 48,704 house sales, a fall of 7% on the 52,272 in April last year.This morning's Nationwide index did not disagree too much with the Land Registry. It said house prices in July were 0.4% down on last year, but up 0.2% since June, to stand at £168,731.
But Nationwide expressed concern about sluggish demand, with only 204,000 housing transactions in the second quarter of this year. It posed the question as to whether a fundamental change was occurring, with a trend away from home ownership.
taken from landlord today
Friday 29th July 2011
Paragon Mortgages and Mortgage Trust’s parent company, The Paragon Group, has unveiled buy-to-let new lending of £65.7m for the three months to the end of June.
Paragon only returned to buy-to-let lending at the very end of last September after closing its books to new business in February 2008. The figure demonstrates how Paragon has built up momentum since its return. It represents over two-thirds of Paragon’s buy-to-let new lending completions since the start of its financial year on October 1, 2010. In its quarterly update to the stock exchange, Paragon said it has completed £99m of buy-to-let business over the past nine months, which includes £3.7m in further advances to existing customers. Paragon’s Interim Management Statement, which covers the period from April 1 to June 30, also revealed that the credit performance of Paragon’s buy-to-let portfolio continued to improve. Arrears of more than three months across the portfolio stood at 0.69% at the end of the period, compared to 0.75% at the end of the previous quarter. John Heron, Paragon Group director of mortgages, said: “We had a strong focus on rebuilding our distribution network and brand awareness following our return to the market and it’s pleasing to see that approach start to deliver. “We have developed our new lending proposition over the past nine months and now have a comprehensive product set, with Paragon Mortgages focusing on professional landlords and Mortgage Trust catering for the mainstream market. “The fact that two-thirds of completions came in the third quarter of our financial year alone shows our new lending is building strong momentum. “Landlords are benefiting from excellent market conditions at the moment, with the highest levels of tenant demand we have seen in modern times, low interest rates and a stable housing market. “Long-term socio-economic and demographic changes signal sustained growth for the private rented sector, and landlords will be central to driving this growth.”taken from : Landlord Lettings
Joint Venture Finance
Its getting very interesting in the finance market these daysRed tape , Greece , Italy , Spain and the Euro are just a few elements that are making us feel concerned about the challenges aheadI have at the moment two projects which need a JV partner
1. 46% return 1.1 million (approx)
2. 100% return 200k These are development projects and are being handled by professionals. So if you have the cash this is a lot better than sticking it into your bank .Regardless of the above deals please subscribe here to our joint venture finance grouphttp://www.barrydanser.com/barry_danser_group.html
To find out more on the above please
contact me on info@barrydanser.com
Mortgage applications rose 15.5% last week as refinancing activity surges
Dunstable cannabis factory found
A cannabis factory has been discovered at a property in a Bedfordshire town.
Officers discovered 90 cannabis plants in the loft of a first floor maisonette in Brive Road, Dunstable.
Bedfordshire Police said makeshift electrical connections and large gaps where trusses, that should have been supporting the roof, had been removed were a "dangerous fire hazard".
A 20-year-old man was arrested and questioned at Dunstable police station.
Insp Bill Abram said: "The information we received not only brought an illegal operation to an end, it probably saved lives.
"And that is why it is so important for anyone who has suspicions about similar things happening where they live, to let us know before it is too late."
(source BBC)
Tuesday 12th July 2011 A tenant who stole her landlords’ identities to try and con mortgages worth £3m has been jailed for five years.
Taken from http://www.landlordtoday.co.uk/news_features/Crooked-tenant-jailed-after-stea...
Here is a repossession with a difference ! Although the owner denies the house is being repossessed.
The Daily Mail shows an incredible house for £75 million which has a mortgage of £50miilion (which apparently has been Defaulted on.
The house has 103 rooms, five swimming pools, two penthouse apartments and a helipad.
Buckingham Palace is smaller ! .
One estate agent regards this as a "Footballers home on steroids"
I cannot imagine why the banks in Ireland (the bank is now defunct) in their right mind would lend 75% of a perceived value on such a monstrosity.
If the property had been near Hyde Park it would be understandable. Its again an example that the banks are getting what they deserve.
The house by the way is in Surrey
Anyway its not being sold off cheaply at the moment but I am sure unless some hotel chain get its teeth into it the price of such a ridculous and unwieldy property will come down.
It makes you wonder what basis the banks will lend money when you consider the limited market and the fact that the owner bought it for £22million .
Still, whats £50 million between bonuses
careful consideration of the Social Housing market is a must! Nearly £19 billion is paid annually in Housing Benefits and there are
1.8 million families seeking permanent homes from Local Authorities. Private Investors are increasingly seen as key to solving the housing shortfall and this has
ensured huge opportunities for us investors! Have a look here:
http://www.eventbrite.com/event/1508504979/SHFBD230711/1474892480 Investors also need to be aware that despite Government action t oreduce
spending hence cuts to Housing Benefit payments, there is still more than enough
money on the table to enable saavy Investors build highly successful portfolios. Act Now! Book a place(s) on July's Social Housing Fundamentals Course and work
with Ben Hughes and George Nartey of Social Housing Expert Limited,
explore with you, tools and tactics that will grow your Cash Flow in the dynamic
and exciting Social Housing market!
Book your place now!
http://www.eventbrite.com/event/1508504979/SHFBD230711/1474892480 Date: Saturday, 23rd July, 2011 Time: 9am to 5pm Venue: Brent Cross Holiday Inn Hotel Price: £497 (first seat) + only £97 (second seat) For further course details email me on info@barrydanser.comBarry P.S. Here is that link again http://www.eventbrite.com/event/1508504979/SHFBD230711/1474892480
1.8 million families seeking permanent homes from Local Authorities. PrivateInvestors are increasingly seen as key to solving the housing shortfall and this has
ensured huge opportunities for us investors! Have a look here:
http://www.eventbrite.com/affiliate-register?eid=1508504979&affid=6678693 Investors also need to be aware that despite Government action to reduce
spending hence cuts to Housing Benefit payments, there is still more than enough
money on the table to enable saavy Investors build highly successful portfolios.
http://www.eventbrite.com/affiliate-register?eid=1508504979&affid=6678693
There is a Social Housing course that is quietly run by George and Ben
they know what they are talking about.Don't miss out on recession busting strategiesBarry
http://www.eventbrite.com/affiliate-register?eid=1508504979&affid=6678693
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Well I have to say there are so many of you that ask me various questions about planning
and how to go about it.
Its clear to me that sometimes we are a little too quick to seek planning for a project without checking
the viability.
Also why did one of my clients the other day want to arrange planning by discussion with a planning officer?
Well I stopped him straight away !
The first reasoning on this is that a lot of people think that the local authorities are the experts in the area.
Well surely I suggested that the experts in the are were the locals?
Those people that let/manage build are architects or Surveyors these are the people who make such a difference to your world.
So an example 3 bed house – convert this to 3 1 bed flats
1. Is there a demand for 1 bed flats in the area ? If its a family area or the demand is for
2 to 3 bed family type dwellings then you should go with the demand.
2 Would the property be better off as an HMO? Some areas are low cost so renting a 1 bed flat
may well be a no no in situations like this . However a buoyant student or LHA demand may exist
3. What about your local neighbours? Whats their opinion?
4. Don’t assume a high percentage of permissions will allow you to succeed . I do know of a council who changed their policy after flooding their area with HMO’s and then disallowing them a few months later because of saturation.
So should your plan be to convert into flats, HMO’s or what?
As usual you need to crunch the numbers but as you crunch the numbers just remember to get
your figures into practical usage there has to be a demand in the area.
If you have concerns of how to proceed with planning and strategy in your area please email me on info@barrydanser.com with your telephone number to see if I can help
Barry Danser
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