• Squeeze on home loans to continue

    Banks are not expecting it to become any easier for householders to get a mortgage in the coming months, a Bank of England survey has found

    The economic outlook is expected to constrain the availability of home loans in the next three months.

    However, the Bank’s Credit Conditions Survey found that the amount of secured credit available to householders had risen in the past quarter.

    The amount of lending to businesses had also gone up in the past three months.

    Demand

    Some lenders suggested that there had been a larger increase in credit for small businesses, the Bank said.

    Demand for home loans and credit card lending among householders dipped in the past three months, as did the proportion of people defaulting on credit.

    The survey comes a day after the Bank’s lending figures showed UK consumers repaid more unsecured debt than they took out in new loans in August.

    Net consumer credit – which includes credit card borrowing, overdrafts and personal loans – fell by £120m, the biggest drop since November 2009.

    Posted via email from barrydanser’s posterous

     
  • Diary of a Landlord

    Sunday

    Browsing the Sunday papers’ property sections – always good for a laugh. Lots of them covering the recovery in the housing market – prices up for the sixth month in a row. New-builds are still shaky though, so the FT is already talking about a housing shortage – should be good news for landlords, right?

    Turn a couple of pages though, and it’s doom for buy-to-letters: over-regulation will kill rental market, shouts a headline, with obligatory “grumpy landlord” photo. The Press’s view of the housing market is always either feast or famine – and quite often it’s both.

    Monday
    The week begins with a call from an elderly tenant: he has a little bit of water coming through her ceiling and could I come and take a look? When I get there, it’s immediately apparent that “a little bit of water” is the understatement of the year: his living room carpet and sofa are soaked, and the ceiling is sagging alarmingly while brownish water drips into a variety of saucepans.

    It’s obviously been going on a while: why didn’t he call me earlier? Oh, he didn’t like to bother me at the weekend. If only everyone were like that…

    Tuesday
    If I disappear today, you can find me under the mountain of paperwork which seems to have arrived from out of the blue. There’s the insurance and repairs for yesterday’s flooded flat (plus I need to go and buy a new carpet). And a pile of information for some new tenants: I’m sure they want to know who’s holding their deposit, but I wonder if most of the rest of the info I have to give them doesn’t go straight in the bin – oops – in the recycling.

    Wednesday
    Running round like crazy today, first to a tenant who says her boiler “smells funny”. This is one of those problems that can be anything from nothing at all to a serious safety hazard, so I meet the gas engineer at her house. He checks over the boiler and pronounces it in perfect health. The funny smell seems to be coming from a bit of burger that’s been mysteriously tucked behind the boiler. We leave with the tenant glaring at her young son.

    Then to check on the progress of a new property we bought last month. This fixer-upper had been a student house, with – ahem – interesting decor, including all the bathroom fittings painted matte black. With brand new everything, it should make three lovely flats though. Jeff, my usual painter and decorator, and his lads are doing a great job at covering up the lurid orange kitchen the students left behind. I think – not for the first time – that reliable workmen are worth their weight in gold.

    Thursday
    In the evening, am booked to show a flat to two lots of prospective tenants. The first couple are charming and complimentary about the property; they’ve got other places to see but I have a good feeling about them. The second guy never shows. I wonder if it would have killed him to make a phone call, and take myself home via a restorative pint in my local.

    Friday
    Back to the fixer-upper to take photos: Jeff’s not quite finished, but I can shoot around the odd paint pot, and I need the properties advertised, not sitting empty. I have a reputation in my family for taking particularly terrible pictures: I cut everyone’s heads off at weddings. But an auto-everything camera and a tripod was the best money I ever spent: back on the computer, and I’m really pretty pleased with how they’ve come out.

    Saturday
    Thursday’s viewers of the flat phone: they’d like to take it. How soon can they move in? The existing tenant isn’t moving out for another two weeks, so we arrange for them to take over the property the same day. No void period at all: that’s exactly the way it’s supposed to work. I take my two boys to the park for a celebratory game of football.

     
  • The Controversal Marketing Campaign for LPN “How To Profit From Property Using Guaranteed Rent – The UK’s Latest Property Investment Strategy!”

     

    The London Property Network is proud to announce a LIVE property investment workshop on the UK's latest property investment strategy: ‘GUARANTEED RENT’

     

    What is ‘Guaranteed Rent’?

    Quite simply, Guaranteed Rent involves leasing property directly from vendors for 1 to 5 years at BELOW MARKET VALUE rent, letting back out and banking the surplus cash each month!

     

    Where's The Profit?

    Ryan Otto, Managing Director of Guaranteed Rent UK, one of the UK’s leading ‘guaranteed rent’ operators:

     

    “We’ve been using this lucrative strategy for a number of years, soaking up cash-flowing properties not just in London but throughout the entire UK. Then simply outsource the management creating passive income. Some deals we keep, some we sell on for cash.”

     

    “Investors love these deals. NO mortgage. NO lease option needed. Just pure cash-flow. Average NET cash-flow per unit is £200 – £300pcm. Some savvy investors use LHA or multi-let to sky rocket the cash-flow even further creating passive income up to £400, £600 or even £900pcm.  We’ve now picking up 7-8 residential units a month – 47 since the start of this year alone.”

     

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    Join 100+ Property Investors on Tuesday October 12th in Piccadilly for the UK’s first LIVE workshop on Guaranteed Rent with Ryan Otto. Live Talk + Audience Q&A’s + 1-to-1 Q&A’s.

     

    ü  What Are The Most Effective Ways Of Sourcing Deals?

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    Posted via email from barrydanser’s posterous

     
  • Rents ‘at highest for two years’

    http://www.bbc.co.uk/go/rss/int/news/-/news/business-11342198
    Average rents in the UK have reached their highest level for two years as landlords sell up, a survey says.

    Posted via email from barrydanser’s posterous

     
  • Do You Have Funds to Invest ? Amazing Video

    This Message something totally unique
    However…

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    And because we don’t want to waste anyone’s time

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    They are Multi-Millionaire Business & Property Portfolio Owners,
    Double Best Selling Property Authors & Enthusiastic Entrepreneurs

    BUT…

    Please only read on if you can say yes to ALL the questions below:

    -Do you want a better return than the banks [up to 10,000% more P/A]
    -Do you have funds to invest of at least GBP50,000 in [any one of the below]:
    —Liquid funds
    —Equity in a property
    —Stocks, bonds or funds
    —A Pension
    -Do you want high yet realistic returns PASSIVELY with relatively low risk
    -Do you have good and clean credit

    If not, please delete this particular email and keep your eye out
    for future emails

    AND IF YOU DO QUALIFY

    Please Watch this Important Video Now

    http://progproperty.infusionsoft.com/go/HFREE/a270

    It’s a brief video on how you can leverage your finances, get high
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    There is no sales pitch, this is an invitation, but there are only 11
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    See you on this page

    Barry

    Posted via email from barrydanser’s posterous

     
  • London Property Network- See You Tonight

    Will you be joining us tonight at London’s leading event for property investors? Tonight, Tuesday 14th 100+ property investors will descend upon Waterstone’s in Piccadilly for London’s premier meeting for landlords and property investors. The event features not one but TWO expert guest speakers plus you’ll get the first class networking opportunities new and experienced landlords, property investors, professionals and experts.

     

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    EXPERT SPEAKER #1: RICHARD BOWSER – Revered editor of Property Investor News, the UK’s LEADING publication for property investors.

     

    Richard Bowser has seen first-hand the numerous trends in property throughout the years. Having provided in-depth and unbiased market analysis for a number of years as well as being an active investor himself, Richard Bowser knows his stuff inside out will be providing an exclusive market update on the night.

     

    EXPERT SPEAKER #2: Paul Shamplina “Save £1,000’s By Avoiding Bad Tenants”

    You may have seen Paul Shamplina on ITV recently. On Tuesday night, bring your pen and notepads for a non-sales talk as Paul share his 20+ years experience and reveals the secrets of how to avoid bad tenants, saving you stress, hassle and £1,000s. Paul will be revealing it all[!] in a non-sales talk from a firm landlords’ favourite!

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    Posted via email from barrydanser’s posterous

     
  • The latest scam – please read this

    I have checked this out and it is genuine so please pass on to anyone you know who may be affected. 

     

     

     


    PLEASE PASS ON.

    The new telephone 'scam' has arrived.

    I received a call from a 'representative' of BT, informing me that he was disconnecting me because of an unpaid bill. He demanded payment immediately of #31.00, or it would be #118.00 to re-connect at a later date.

    The guy wasn't even fazed when I told him I was with Virgin Media, allegedly VM have to pay BT a percentage for line rental!

    I asked the guy's name – the very 'English' John Peacock with a very 'African' accent – & phone number – 0800 0800 152 0800 0800 152 .

    Obviously the fella realized I wasn't believing his story, so offered to demonstrate that he was from BT. I asked how & he told me to hang up & try phoning someone – he would disconnect my phone to prevent this.

    AND HE DID!!
    My phone was dead – no engaged tone, nothing – until he phoned me again.

    Very pleased with himself, he asked if that was enough proof that he was with BT. I asked how the payment was to be made & he said credit card, there & then.

    I said that I didn't know how he'd done it, but I had absolutely no intention of paying him, I didn't believe his name or that he worked for BT.

    He hung up.

    Did 1471 & phoned his fictitious 0800 number not recognised.

    I phoned the police to let them know, I wasn't the first! It's only just started apparently but it is escalating.

    Their advice was to let as many people know by word of mouth of this scam. The fact that the phone does go off would probably convince some people it's real, so please let as many friends & family aware of this.

    This is good but not that clever. He gave the wrong number – it should have been 0800 800152 0800 800152 which takes you through to BT Business. The cutting off of the line is very simple , he stays on the line with the mute button on and you can't dial out – but he can hear you trying. (This is because the person who initiates a call is the one to terminate it). When you stop trying he cuts off and immediately calls back. You could almost be convinced! The sad thing is that it is so simple that it will certainly fool the elderly andvulnerable. Obviously, if this scam is real, once they have your credit/debit card details, there is nothing to stop them cleaning out your account.

    =

    Posted via email from barrydanser’s posterous