Archive for May, 2009

Property Experts Event with NO SALES PITCHES

May 28th, 2009

PS Investor Services will be running its first ‘Property Experts’ event in Milton Keynes on 20th June. We’re delighted to have Juswant Rai (Berkshire Property Meet), Lisa Orme (PIPA 300), Russell Short (Landlord Finance), Ryan Pinnick (Triumphant Events) and Edward Lane (Property Solvers and The Rich Dad Training Academy) come and speak all for the bargain price of £10!

Moreover, there will be NO SALES PITCHES and you will get 5 FREE GIFTS as a bonus of coming to the event. For more information, please click here for more information.

For amateurs and veterans – a not to be missed date for your calender!

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Repossession Hotspots in the UK

May 21st, 2009

We’ve been going through some stats published by the Ministry of
Justice last week which you might find of interest…

Courts in England and Wales issued 39% fewer mortgage possession
orders from January-March 2009 than in the same period in 2008.
Seasonally adjusted figures showed there were 17,054 orders
for home repossession in the first quarter of this year compared
with 28,068 orders in the first quarter of 2008. Some areas have
seen drops of over 60% over that period – so it’s not all doom
and gloom!

However, there remain pockets of the country where repossession
order statistics have either increased or only marginally decreased
when comparing Q1 of 2008 to Q1 of 2009. We’ve put together a map
highlighting these areas on the ‘Property Investor Hub’ under
the ‘Property Buyer Toolkit’ (entitled ‘Repossession Hotspots -
May 2009′ at the top).

Property Investor Hub

Alternatively, if you would like to know the percentage change for
your area of investment drop us an email at
info@propertysolvers.co.uk and we’ll reply with the figure.

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What is a ‘Test Valuation’?

May 20th, 2009

At the present time, many investors continue to have difficulty in deducing a property’s open market value. A number of excellent sold house prices tools are available on the internet (such as Zoopla, Net House Prices, MousePrice to name a handful) but the task is all the more difficult if there have not been any recent sales in the particular vicinity of the property you are looking at. At the same time, investors are reluctant to take a ‘punt’ on booking a RICS survey on ‘tricky’ properties and lose the few hundred pounds should the property get down-valued.

One solution that we have been using is to instruct a ‘test valuation’ – this is where RICS approved surveyor assesses the property’s value in the same way as would normally be done at a fraction of the cost (anywhere between £100-200). This is ideal for the borderline cases where there are simply no comparables. Please note that – should the test valuation come back as satisfactory – lenders would require another survey to be undertaken. However, you can be fairly certain that the valuation will come back the same as it has been undertaken by an approved professional and can be shown to the surveyor.

For more information on test valuations drop Mike Fisher an email at mike.fisher@landlordfinanceltd.com

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Financing Your Deals (May 2009)

May 14th, 2009

Please see a short interview with Russell Short, Director of Landlord Finance, via the ‘Property Investor Hub’ (the video is entitled ‘May 2009 Interview on Finance’ under the ‘Property Buyers Toolkit’).

Russell discusses financing your property investments in todays climate, LTV requirements, gearing and releasing funds – to name a few of topics covered.

Contact him directly at russell.short@landlordfinanceltd.com or call the main office on 0845 140 40 50 for more information.

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Should you buy a property without viewing it?

May 11th, 2009

Many investors tend to take a view of property as a ’stock with a value’ – providing that the survey comes through without issues and the numbers work, then the deal is a good one. Such ‘blind buying’ investors are successful because they are experienced in understanding the costs of owning property and can, with a reasonable amount of accuracy, estimate and account for any future liabilities that can (and often will) arise.

However, if you are new to property we would wholeheartedly recommend to view properties and understand all there is to know about them (use our ‘Property Viewing Report’ (under the ‘Property Buyer Toolkit’) . It’s also a good idea to have a experience builder come around with you, as they will often notice the things that the untrained eye would miss (potential subsidence issues, damp, wiring defaults for example). Alternatively, use someone you can trust to view the properties.

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May Property Investor Factsheet

May 10th, 2009

Please see the latest Investor Factsheet via the ‘Investor Hub’ (‘May Fact Sheet’ has been highlighted).

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The Property Investor Hub

May 6th, 2009

The Property Investor Hub

First off, a big thanks for all your comments about us and our work.  Several subscribers have stated that they would like to have one place where they can access all our reports, interviews, factsheets, guides, mini-courses etc so we have created a central website where it is all stored.  You can get straight to it here.

Your continued feedback and comments are always gratefully received as well as any topics and subjects that you would like to see added…

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