Currently viewing the tag: "2013"
Manchester Leads UK Property Boom

Manchester Leads UK Property Boom

Manchester Leads UK Property Boom

Increasing property prices are not just a phenomenon belonging to London and the South-East of England, as new data from Nationwide shows that all UK regions are now enjoying increasing property prices as the property boom continues to gather pace.

Every region across the UK saw property prices increase year-on-year, ranging from a 14.9% annual increase in London to a 1.9% uplift in the North.

Nationwide reported that property values increased by an average of 8.4% across the whole of the UK in 2013, as the market revival became increasingly broad-based, but Manchester emerged as the property boom city, with property prices up by 21% over the last year, to reach an average value of £209,627 (GBP).

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Will It Be A Happy New Year For Property Investors And Landlords?

Will It Be A Happy New Year For Property Investors And Landlords?

Goodbye 2013 – Hello 2014!

2013 may have been the year when the recovery of the UK housing market began following the introduction of the Government’s Help-To-Buy scheme and Funding-For-Lending initiative, but it also saw proposals for greater regulation of the private rental sector including extra responsibilities for UK landlords.

New regulation proposals caused major concern among property professionals after the Government announced that they wanted UK PRS landlords to police the immigration status of all tenants. Landlord associations and industry professionals argued over the proposals claiming that landlords would end up unpaid agents of the UK Border Agency and demanded that the legislation be watered down.

The Government want to have more control over the private rented sector as they know that property investors and landlords are able to generate decent returns offering property for rent as tenant demand remains strong, however there is the danger that over regulation may end up discouraging property investors and landlords from expanding property portfolios.

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SMTC in rehearsals for Snow White and the Seven Dwarfs

SMTC in rehearsals for Snow White and the Seven Dwarfs

Dwarf Shortage Hits SMTC Panto!

Snow White and the Seven Dwarfs 11th-14th December 2013 – The Little Shakespeare Theatre – Shakespeare Crescent – Eccles Manchester M30 0PE evenings at 7.30pm with a Saturday Matinee at 2.30pm

It’s time to gather the family and head to Salford this week as Salford Musical Theatre Company prepare to put on the classic pantomime fairytale of Snow White and the Seven Dwarfs… with a twist!

Writer, Director & Producer Mike Clarke wasn’t able to find any vertically challenged people under 3 feet tall within the Salford area of Greater Manchester to play the seven dwarfs, so he decided to rewrite the tale giving it an unusual angle!

Even the local press picked up on the challenges faced by SMTC prompting the “Dwarf Shortage” headline and article in the Manchester Evening News and a similar article in the Salford Advertiser, in the same week!

Mike Clarke said “I put out an appeal for adults under 4ft to come forward via social media at the start of September and unfortunately there were no takers, so I decided to re-write the story using acronyms and a little bit of clever wordplay to explain why adults ranging from 5’4 to 6’3 were playing the parts of the seven dwarfs. In this story D.W.A.R.F.S. stands for Drillers, Well Borers, Architects, Rubble Shifters, Fossil Hunters and Skilled Workers! Its just a little bit different, but we are still telling the traditional story of Snow White”

Tickets start at just £5 for children under 12, £7 for adults and £25 for a family ticket for 2 adults and 3 children.

Tickets for Thursday 12th and Friday 13th December have already sold out and seats are limited on all other performances.

To book please call the dedicated Box Office number 07565685671 or book online at https://smtcsnowwhite.eventbrite.com (fees apply)

SMTC presents Snow White and the Seven Dwarfs 11th-14th Dec 2013

SMTC presents Snow White and the Seven Dwarfs 11th-14th Dec 2013

This years eagerly anticipated panto production follows on from SMTC’s award winning pantomime ‘Puss in Boots’, also written, directed and produced by Mike Clarke, which won the NODA District 1 Best Pantomime in 2012!

Average PRS Rents Hit New High

Average PRS Rents Hit New High

Buy-To-Let Property Investors Benefit
From PRS Rent Increases

The average rent in the UK’s private rented sector has increased to approximately £757 (GBP) per month, the highest level ever recorded, as rental prices increase by 1.8% on the previous month.

The data is from the latest Buy-To-Let Index, published by LSL property services.

PRS rents are 2.1% higher than they were in September 2012 and tenant demand is still strong with lettings activity growing by 9.2% over the last 12 months.

Average PRS rents are now £13 (GBP) per month higher than the previous all time record set in October 2012, when monthly PRS rents averaged £744 (GBP) per month.

Nine out of 10 UK regions saw rents rise between August and September 2013 with the fastest monthly rise observed in the South East, where PRS rents are 3.3% higher than they were a month ago.

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Help-To-Buy Scheme not bad news for property investors

Help-To-Buy Scheme not bad news for property investors

Why The Help-To-Buy Scheme
Is Not Bad News For Property Investors!

The Help-To-Buy scheme may not be open to property investors for rental property purchases, but the scheme does have some good points.

From 7th October 2013, first-time buyers and existing property owners are now eligible to buy property with a 5% deposit as part of the new Mortgage Guarantee Help-To-Buy scheme.

The scheme was originally launched for new build properties at the start of 2013, with the resale portion set to launch in January 2014, however lenders can begin writing loans through the Help-To-Buy scheme from October 7th 2013, but they will not be able to purchase the Government guarantee that underpins these mortgage loans until January 2014.

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Mortgage Loan Approvals Increase

Mortgage Loan Approvals Increase

More “Help To Buy” Mortgage Lenders Announced

The number of mortgages given to first-time buyers increased by a third in the 12 months to August 2013 according to the latest data from the Council of Mortgage Lenders (CML), with new entrants to the property market accounting for 44% of all residential property purchases during the month.

The CML figures were published as Barclays became the latest high street lender to confirm it was signing up to the second part of the government’s Help to Buy scheme, which is designed to make more 95% mortgages available to first-time buyers, second steppers and home movers.

Barclays join Santander, RBS, Halifax and HSBC in confirming it will use the taxpayer-backed guarantee to make high Loan-To-Value (LTV) mortgages available for property purchasers, meaning that more than half of UK mainstream mortgage lenders are now signed up to provide more mortgages at higher loan to value ratios.

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UK Residential Property Prices Continue To Increase

UK Residential Property Prices Continue To Increase

UK Residential Property Prices Up For Seventh Month In A Row

Residential property prices in the UK have continued to increase for a seventh straight month in August, according to the latest house price index released by mortgage lender Halifax.

The growth in property prices suggest that the government initiative designed to kick start the property market is indeed working, to support the demand from willing first-time and next time residential property buyers, although there are fears that the UK could see another property bubble emerging, because property prices are rising so quickly.

Halifax said that residential property prices increased by 0.4% from July 2013 and were 5.4% higher than 2012, providing the UK residential property market with the biggest annual price increase since June 2010.

In July, residential property prices increased 0.9% from June 2013, and were up 4.6% from July 2012.

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Peter Singh speaking at The PPSC in February this year

Peter Singh speaking at The PPSC in February this year

Multi-Let Success Strategy with Peter Singh

A House of Multiple Occupation (HMO) or Multi-Let is a particular type of property which is available from Estate Agents and Landlords.

A HMO is an exceptionally high cashflowing investment property!

The property is leased on a single let at a fixed monthly rental price, and then the rooms of the multi-let property are rented out individually to professional tenants.

Property investors can build a huge portfolio of these types of property by buying at discount and / or adding value by refurbishment, then refinancing the investment and replicating the process, time and time again.

There is a hitch with this type of property investment strategy though…

  • It can take a lot of money
  • It can take a lot of time
  • It is not readily scalable
  • Investors are at the mercy of the banks for money

Imagine if you could control an unlimited number of these super-cash flowing multi-let properties with no mortgage, no deposit and no credit checks…

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Smaller Buy-To-Let Properties Provide The Best Rental Yields

Smaller Buy-To-Let Properties Provide The Best Rental Yields

Smaller Buy-To-Let Properties Provide

 The Best Rental Yields

A one-bedroomed rental property in Wales may not sound like the most glamourous of property investments but it could deliver the best rental returns for landlords according to a new in-depth buy-to-let report by the UK’s largest lettings agency Countrywide.

A survey of more than 50,000 Private rented sector property owners has revealed Buy-to-let landlords are getting excellent rental yields in Wales, the North of England and the Midlands from 1 and 2 bedroom rental properties.

Landlords in many parts of Wales are achieving an average 6.7% rental yield (rent measured as a percentage of the property price), beating the North of England and the Midlands, which both average a 6.5% rental yield.

These figures are substantially higher than the average 4.6% rental yield observed in parts of Central London, regarded as the red hot heart of the UK’s property market.

One and two-bedroom rental properties have seen the greatest increase in average monthly rental prices in April 2013, with a 1.4% and 1.3% month-on-month increase to £679 (GBP) and £766 (GBP), respectively.

The detailed report into buy-to-let rental returns was conducted by Countrywide, who found that average monthly rental prices in England, Scotland and Wales have continued to increase for six consecutive months to reach an average of £842 (GBP) in April 2013.

But rent increases remain below the increased cost of living, with an annual average increase of just 0.8% measured against Consumer Price Index inflation of 2.8%.

However, average monthly rents have fallen within Central London, the South East, Wales and parts of Greater London.

The biggest rental price drop of 6.3% was seen in Central London, where average monthly PRS rental prices average £2,371 (GBP), more than double the £1,106 (GBP) recorded in parts of Greater London.

Rental returns by location

 

Rental returns by location - Source: Countrywide

Rental returns by location – Source: Countrywide

 

Nick Dunning, from Countrywide, said: “With renting for longer now the norm for many people as they save for a deposit to buy their first home, we are seeing more young families looking to rent cheaper accommodation, hence the increase in demand for smaller rental properties. While prime Central London has seen the greatest fall at 6.3%, this is simply reflecting the fact that in April stock levels in prime Central London were very high compared to last year which benefited from the Olympics. As a result this April, tenants tended to view multiple properties putting in lower offers, which some landlords accepted. However, as demand picks up into the summer, and supply and demand becomes more balanced, the same property could easily rent for more in August than in April.”

Returns by property type

 

Rental returns by property type - Source: Countrywide

Rental returns by property type – Source: Countrywide

 

Source: Countrywide

2013 State Of The Property Market Report

will help Property Investors avoid the same fate

2013 State Of The Property Market Address

Controversial Report Saves Property Investors From Losing A Fortune

It could easily be summarised as: “Scandal in paradise

You might even have read about it on “Spotlight” previously or seen this elsewhere in the press VERY recently…

In fact, the last few weeks have brought to light the massive failings (false promises?) of one particular “Self-Invested Personal Pension” (SIPP) provider.

As covered by the likes of The Guardian, CityWire, and FTAdvisor…

Questionable incentives, fraud allegations, frozen assets, pay-offs, mass refund requests…

So, in a nutshell, what happened…?

They got the buying model wrong.

And that is FUNDAMENTALLY IMPORTANT

Here’s how you can avoid the same mistakes:

Download Your FREE copy of The 2013 State Of The Property Market Address PDF

It’s simple…

Going out there and trying to be a property investor without getting educated is sabotaging your own success. (especially when entrusting EVERYTHING to a done-for-you service provider. “A fool and his money…”)

Doing Your due-diligence is key!

Which is why the two most renowned expert property investors of the last ten years have produced THIS compelling report on the state of the UK property market.

Download Your FREE copy of The 2013 State Of The Property Market Address PDF

They’ve already helped thousands of keen new property investors to avoid getting stung over the last seven years

And in light of these recent high-profile cases, they feel a sense of duty to other property investors like You to reveal these key predictions and strategies for 2013.

This will help cut through the noise, get clarity, and take your next steps in the right direction…

Without risking your savings!

Download Your FREE copy of The 2013 State Of The Property Market Address PDF

Some of the content revealed will be of a sensitive nature, and last year they were forced to take their controversial report down after just a few days…and this years State of The Property Market Address is even more explosive!

2013 State Of The Property Market Address

The Controversial 2013 Property Report Every UK Property Investor Is Talking About

This report is only available for 2 weeks so Get it NOW!

There Will Never Be A Better Time To Invest In Property

MyPropertyPowerTeam.co.uk helps property investors and landlords build their own property power team to enable them to profit from property - Visit our main site now!