BTL Mortgage Products, Open Bridging and Sources of Deposits

Published in February 26th, 2009

Posted by Andrew in BMV & NMD, Bridging Finance, Mortgage Finance, Property Investment

Cast your mind back 12 months and recall how many mortgage products were available to BTL property investors then: several thousand at a guess. Wind the clock forward just a few weeks and you may remember that BTL mortgage products were being withdrawn by lenders at the rate of 30+ per week.
Fast forward to last [...]

Royal Bank of Scotland (RBS), Lloyds Banking Group (Lloyds TSB & HBOS), Northern Rock …lending again?

Published in February 25th, 2009

Posted by admin in Property Investment

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The Royal Bank of Scotland (RBS) and Lloyds Banking Group (Lloyds TSB & HBOS) are expected to sign legally binding agreements to each lend at least £20bn more to small businesses and households as the price for insuring at least £500bn of their most troublesome assets with the taxpayer. The banks will also agree to [...]

Home-buying at Lowest Level for 34 Years

Published in February 19th, 2009

Posted by Andrew in Property Investment

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According to the Council of Mortgage Lenders (CML), home-buying is now at the lowest level for 34 years:
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The number of people buying a home fell to its lowest level since 1974 during 2008 as the mortgage drought restricted activity in the property market.
Only 516,000 mortgages were taken out for house purchase during the [...]

Investors’ Discussion Forum: You Asked and We Listened

Published in February 11th, 2009

Posted by admin in Book Reviews, Broadcasts, IT Technical, Networking Meetings, Property Investment Education and Training

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Many people emailed us saying that they like the idea of Summit Forum, the FREE Property Investors’ Discussion Forum:
==> http://www.SummitForum.co.uk
They like the small but friendly (helpful and non-intimidating) community that has developed; they like the fact that it’s free to use, including advertising leads and deals for sale (so you get a wider range from [...]

Jim Haliburton, HMO Daddy, Leeds Property Networking, Tuesday 10th February

Published in February 6th, 2009

Posted by admin in Networking Meetings, Property Networking Clubs

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Jim Haliburton, the so-called “HMO Daddy”, will be the guest speaker at next Tuesday’s Leeds Property Networking (LPN) event, and he will be there to share his experiences. Jim Halliburton is considered by many to be one of the UK’s foremost experts on HMOs, and as Mike Entwistle has persuaded him to share his knowledge, [...]

UK Bank Base Rate (BBR) Reduced to 1%

Published in February 5th, 2009

Posted by admin in Mortgage Finance, Pensions & Retirement, Property Investment

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The Bank of England has today reduced the Bank Base Rate (BBR) from the previous 1.5% record low to a new record low interest rate of 1% in an attempt to save the UK economy that is now officially in recession.
The graph below traces the Bank of England’s Official Bank Rate since 1951:

Copied from: http://news.bbc.co.uk/1/hi/business/7871932.stm
This [...]

Morgan Grey (Property Finders) at Hampshire Property Club, Thursday 5th February 2009

Published in February 5th, 2009

Posted by Andrew in Book Reviews, Networking Meetings, Property Investment, Property Networking Clubs

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Tomorrow evening, Thursday, 5th February, Morgan Grey will be presenting at Hampshire Property Club. Their specialities are a thoroughly comprehensive and all-encompassing array of: property sourcing; investment; financing; negotiating; completion; and return on investment (ROI).
Many experts continue to state that now is the best time to buy property, and that it may be another 20 [...]