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BMV Forum for property launched - NEW 2008-08-20 12:34:26 New BMV Forum
launched for BMV property
investors - check out LoveProperty.org - currently free with over 300 members including Rhett Lewis, John Lee, Graham Brown, Rob Best, Bobby Gill, Juswant Rai, Brett Grady, Roberta Ward, Robert Clark and Phil Martin amongst others.
Cut rates, urges BCC 2008-08-19 09:15:08 The British Chambers of Commerce (BCC) has urged the Bank of Englands monetary policy committee (MPC) to lower the base rate as soon as it can.
Lecture notes - The US Subprime Mortgage Crisis: why, how and what 2008-08-19 08:06:56 I attended a public lecture this evening at the University of Queensland given by Honorary Professor Allan Kleidon.
I have cut and pasted my notes typed at high speed below. They are not brilliant but I have done my best to capture the essence of what Professor Kleidon had to say.
Subprime
lecture
Causes
Securitisation of markets
Something else going on?
Implications for Australia
What led u Read more:Mortgage
, Crisis
Loan rates reach seven-year high 2008-08-19 07:40:09 Loan rates have hit seven-year highs as lenders tighten their belts in the wake of the credit crunch
More...
READY MADE DEAL 24% Below Market Value, Leeds, 25k Equity 2008-08-19 07:08:15 READY MADE DEAL 24% BelowMarketValue
, Leeds
, 25k Equity
Ref: 10906
Leeds
LS13
3 bedrooms
Mid terraced
CH DG
Ex local authority
Freehold
Vacant
Seller agreed to sell at £70K
Finders Fee £10K
You Pay (70 + 10) £80K
Property is worth 105K
Equity in property £25K
Below Market Value 24%
Market Rental £550pcm
The maximum you can borrow on a BTL mo
Skandia predicts exodus of buy-to-let investors 2008-08-19 07:02:56 Investment company, Skandia, is predicting that the UK private rented sector will shrink by around two-thirds over the coming years, as landlords abandon the market.The firm expects the value of buy-to-let mortgages to fall from its end 2007 level of £120 billion, to £44 billion, as buy-to-let investors withdraw their equity.The exodus will be driven [...]
More: Skandia predicts exodus of buy-t
Top 10 Sites for BMV Leads and BMV Deals 2008-09-13 08:42:36 OK I have updated our earlier list of BMV Leads
and BMV Ready Made Deals providers.
All information is below:
We recommend that you set up an RSS Feed to monitor these websites daily. If you are not sure what an RSS feed is check out Wikipedia here.
1) LoveProperty.org (As it now has 400+ members, this [...] Read more:Sites
Housing shortage ‘will raise prices’ 2008-09-11 07:58:28 The shortfall in housing supply will ensure that prices start to rise again once the market turns round, it has been stated. Read more:Housing
, raise
Lowest house prices for 30 years according to Rics 2008-09-11 04:19:42 The Royal Institution of Chartered Surveyors has reported that house sales continued to fall during August, and are at their lowest level since its monthly survey started 30 years ago in 1978. The holiday month of August is a traditionally slow period for property sales, added to which buyers were waiting for the speculated [...]
More: Lowest house prices for 30 years according to Rics
PropertyIndex launches UK sale and lettings portal 2008-09-11 04:08:06 A new UK residential sales and lettings search facility is being launched on 17th September.
PropertyIndex.com has been operating as an overseas property portal since 2007 and claims to give access to 150,000 properties for sale and rent across 4,000 destinations worldwide.
The company is now expanding its site to cover UK properties in 31,000 locations [...]
Britain ‘will suffer recession this year’ 2008-09-11 02:30:03 Britain will plunge into recession in the second half of the year as the credit crunch bites, according to European Union forecasts
More... Read more:Britain
, suffer
Reform of shop rents takes step forward 2008-09-10 21:15:00 The retail and property sectors moved closer to resolving their clash over the system of advanced quarterly rent payment after landlords agreed to more flexibility amid the downturn Read more:Reform
3 more lenders cut mortgage rates 2008-09-10 12:08:56 Mortgage rates continued to come down today with three more lenders cutting the cost of their home loans.Nationwide Building Society, the Co-operative Bank and Yorkshire Building Society are all reducing their rates following a fall in wholesale fundi...
Private Rented Sector Continues To Flourish 2008-09-10 10:05:14 The last three months have seen a rise of almost 20% in new tenancies, according to the latest ARLA quarterly survey of its member letting agents. This sharp rise in demand has in part been the cause of an increase in rental returns, which throughout the country rose from 4.8% to 4.9% for both houses and [...] Read more:Private
, Flourish
Millions of mortgage payers ‘unaware of rates’ 2008-09-26 09:23:01 Nearly five million mortgage holders - approximately a quarter of all fixed-rate borrowers - have no idea about the current interest rate they are paying on their properties.
Pay nothing - receive £4,000 to own an investment property 2008-09-26 05:34:06 Get £4,000 Cash Back to own a luxury two Bedroom Apartment in St Helens (UK) with parking
* ZERO Purchasing Costs and NO additional fee to pay to us.
* £4000 Paid into your account on completion.
* 10% Deposit Paid. No Stamp Duty Required. Solicitor Fees Paid.
* Market value for the property
is £90,000 (massivley reduced from £135,000 6 months ago!)
* Discounted Purchase Price Today is £74 Read more:investment
Economy ‘to start upturn next year’ 2008-09-26 04:32:32 In news that may interest those thinking of investing in UK property, a member of the Bank of Englands monetary policy committee (MPC) has predicted that the economy will be in recovery in the second half of next year.
Investment funds target European property 2008-09-25 14:20:00 Almost £200bn of equity has been raised to invest in Europeanproperty
, according to research aiming to quantify for the first time the exact scale of real estate commitments
Mortgage rates rise amid global economic turmoil as predicted 2008-09-25 13:41:12 The recent events in the financial markets have put further pressure on the UKs frozen mortgage market after HSBC has become the first major High Street bank to announce rate rises. The news comes after two months of falling mortgage costs, as well as the costs to banks of borrowing wholesale funds on the financial markets. [...]
More: Mortgage
rates rise amid global economic turmoil as predict
Bradford & Bingley reins in mortgage lending 2008-09-25 13:06:21 The troubled mortgage lender Bradford
& Bingley is to close its mortgage processing centre in Borehamwood, with the loss of 300 jobs. The group is also planning to cut back its sales team. As part of its plans to make annual savings of £15m by reducing its mortgage lending, the jobs of the companys 50 remaining [...]
More: Bradford & Bingley reins in mortgage lending
Tenants From Hell - RLP Breakfast Show 2008-09-25 04:12:24 Graham Brown, John Lee and Gavin Williamson from LoveProperty discuss tenants from hell - what you can do to protect yourself and what you need to do when it goes wrong. Read more:Tenants
, Breakfast
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