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Will The Housing Crisis Win The Election?

Will The Housing Crisis Win The Election?

The Politics Of Housing

It is still generally acknowledged by all political parties that there is a housing shortage in the UK, and each political party wants to offer the public alternative methods of tackling the problem in an attempt to win electoral favour.

Most political parties see the housing crisis in the UK as a possible election winning issue and each party’s election manifesto promises the general public many things, including further private rented sector (PRS) reforms and the introduction of additional legislation. There isn’t much offered by any political party for landlords, except for the promise to put an end to the private rental sector.

A recent survey by Ipsos MORI research published in January 2015 discovered a confusing conundrum, in that:

  • 75% of the public agree that there is a housing crisis in the UK
  • 48% of the public disagree there is a housing crisis in their locality

The publication of each political party’s election manifesto is intended to give the public a clearer indication of the housing priorities of the UK’s next parliament.

However, despite claims of a housing shortage nationally there are still some UK regions that have large proportions of derelict and abandoned properties, many still in a habitable condition.

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Bank Of Scotland Accused Of Mortgage Fraud

Bank Of Scotland Accused Of Mortgage Fraud

Northern Ireland Attorney General Accuses Bank Of Scotland Of Committing Mortgage Fraud

John Larkin QC, Northern Ireland’s Attorney General, has accused the Bank of Scotland of committing mortgage fraud in relation to the way that the bank has treated customers who fell behind on their residential property mortgages.

An earlier court hearing had previously ruled that the Bank of Scotland had unfairly re-billed some of their own customers who had fallen into arrears with their mortgage payments.

The Bank of Scotland had decided to appeal the verdict of the earlier court hearing but decided to drop that appeal on Monday morning. The Bank of Scotland then rejected Mr Larkin’s claims, saying it strongly takes issue with the allegations.

A barrister for the bank, Stephen Shaw QC, said Mr Larkin’s view of mortgage fraud was “based on a misapprehension”.

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Banks To Be Stress Tested On 35% Drop In House Prices

Banks To Be Stress Tested On 35% Drop In House Prices

Banks Stress Tested On 35% Drop In House Prices
And 5% Rise In Interest Rates

UK and Continental banks are to be stress tested using a worst case scenario in an effort to assess if they could cope with a house price slump of 35% or a sudden spike in interest rates to more than 5%, the exercise will be monitored by the Bank of England.

Sky News broke the story on Monday ahead of an official announcement on Tuesday by the Prudential Regulation Authority (PRA), after learning that banks would be subjected to an armageddon style scenario to see if they have sufficient capital to withstand another economic slump.

A series of commercial real estate losses is expected to be applied to the banks’ balance sheets as part of the tests, but it’s not certain whether or not the interest rate hike will be quantified as part of the tests, but the 35% slump in property prices could reveal if banks and building societies would need to raise billions of pounds of fresh capital to survive, unless they can demonstrate their ability to withstand such a huge slump.

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More Auction Action For Property InvestorsEasier Access To Finance Increases The Number
Of Property Auction Purchases

There has been a sharp rise in the number of property investors snapping up property at auction and the reason has been credited to easier access to finance, as lenders report significant growth in lending, surpassing pre-property crash levels.

The number of properties sold at auction is booming as property investors seek to build rental property portfolios below market value (BMV), without breaking the bank.

There has been a huge increase in the number of loans that have been financed by specialist lenders over the past 12 months, with average loans increasing by more than 22% according to property finance lender, Auction Finance Limited.

The news comes as the latest Essential Information Group (EIG) figures show a seven year high for UK’s auction houses, with lots sold in October 2013 up by 30% compared to October 2012. These record figures have now surpassed pre-recession auction house transactions.

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Reena Malra - Queen Of Lease Options

Reena Malra – Queen Of Lease Options

Don’t Attend Another Property Event
Until You’ve Read This!

There are only 12 Places Available on Reena Malra’s Lease Option Vs Instalment Contract Secrets Revealed Masterclass for 28th September 2013

Reena Malra will again share her extremely successful 7-Step Command & Conquer Property Formula with attendee’s of September’s Lease Option Vs Instalment Contract Secrets Revealed Masterclass

Last Few Places For September 28th at Heathrow

Last Few Places For September 28th at Heathrow

Book your place now and discover

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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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Reena Malra - Queen of Lease Options

Reena Malra – Queen of Lease Options

Look How Much Reena Malra’s
Property Students Are Making!

This is a reminder, for property investors who want to ensure success in UK property investment, about the upcoming live property master class, Lease Options Vs Installment contracts hosted by our friend and leading creative strategist, Reena Malra.

Reena DOESN’T do courses, so you won’t be able to learn this stuff in a book!
She will only be revealing these golden nuggets of profit-pulling information during her live 1-day event, so if you miss out now, you’ll miss out forever.

The live 1-day Lease Options Vs Installment Contracts master class, will be where Reena will be revealing how YOU can make thousands of pounds each and every month from UK property, when…

  • YOU DON’T NEED a mortgage…
  • YOU DON’T NEED to borrow any money…
  • YOU DON’T NEED to put down a deposit…
  • YOU DON’T NEED any credit checks, and…
  • YOU DON’T NEED any experience whatsoever!

That’s right, you don’t need any experience of property in order to start doing this.

And that’s because Reena is going to teach a select group of lucky entrepreneurs the top-secret creative strategies that she has used to go from redundancy to self-made millionaire in just a few short years – and exactly what you need to do to replicate her success!

In fact, during this hugely anticipated one-day property master class, Reena is going to show you…

  • Why NOW is the perfect time to build a property portfolio! (The property industry has been completely revolutionised in the last few years thanks to the arrival of strategies like lease options and instalment contracts (exchange with delayed completion). The truth is, anyone (including you) can now build a massively profitable property empire without the need for a mortgage, deposit, good credit rating, or any previous experience whatsoever!).
  • How each and every property deal you do can bank you anywhere from £10,000 to a whopping £100,000+! (Many of my students are now able to bank thousands of pounds in “up-front” payments within just a few weeks of discovering these strategies, as well as monthly recurring payments and huge lump sums on the back-end too!).
  • Exactly where to go to find red-hot, insanely profitable deals! (Whether you’re a complete novice or a seasoned investor, you’ll be told exactly where you need to go to find the most lucrative deals that will generate a positive cash flow for many years to come!).
  • How to structure deals with no money down and virtually no risk to you, yet still bank massive profits. (Not only will you be shown where to find the best deals, you’ll also be shown how to structure them properly for maximum returns, WITHOUT risking any of your own cash!)
  • Enjoy something that very few people ever get to experience in their entire lives – complete financial freedom! (Yes, when you’re making a 5-figure a month passive income from property, you’ll finally be able to start living your life, and you won’t need to worry about money ever again!).
  • Quit your day job in a matter of months and start living your life! (When you see just how easy it really is to make huge amounts of money buying, controlling and trading property, your 9-5 wage slave existence will be well and truly over!) 

Now, I hope you don’t mind us posting about this again, but we don’t want you to miss out on this because it’s going to be a truly mind-blowing day, we promise you!

Reena has already taught these two “creative strategies” to many of her students who are now using them to build up their own property empires and bank 5-figures a month in recurring income…

In fact, many of them have already achieved some spectacular results, which you can see for yourself right here!

And now it’s YOUR turn to do exactly the same thing…

Book your place right now because when we spoke to Reena earlier today and there were very limited seats remaining for both days, and they won’t be free for long.

So if you want to find out how to start your very own property empire, without any of the costs, hassles and hard work normally associated with property investing, then we urge you to go here right now, before it’s too late

Reena Malra - Lease Options Vs Installment Contracts 1 Day Event

Reena Malra – Lease Options Vs Installment Contracts 1 Day Event

By the way, because we are friend’s of Reena’s, we’ve managed to secure a special bonus for you as well.
Just input “MPPT” in the “Who referred you?” box on the order page, and Reena will present you with your free bonus on the day of the event!

Book your seat & lock in your free bonus
Click here now

Investors Prefer Property Over Stocks And Shares

Investors Prefer Property Over Stocks And Shares

UK Property Investors are far more positive about continuing to invest in bricks and mortar over stocks and shares as the outlook for the UK property market continues to improve.

The latest Lloyds TSB Private Banking Investor Confidence Index shows that positive sentiment in the UK property market has improved massively in the last 3 months, whilst investors shy away from speculating in other markets with stocks and shares.

In April the positive sentiment for property was only 8%, and improving sentiment in regions such as Wales, West Midlands and North West has added to the strong confidence in London to lift the overall UK property sentiment level to 32%.

This means that UK property is now the fifth highest asset class, behind gold, emerging market shares, commodities and UK company shares. Over the same timescale, sentiment for gold showed a remarkable slump, dropping from 46% to just 12%.

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New Help to Buy scheme may not be much use to first-time buyers as property prices continue to rise

New Help to Buy scheme may not be much use to first-time buyers as property prices continue to rise

Help to Buy scheme may boost

UK property prices
but may not be much use

to first time buyers

The controversial Government incentive scheme “Help to Buy” set for launch on 1st January 2014 is designed to aid first time buyers with property purchases and in turn this incentive could boost the UK residential property sales market without being of any real use to first-time buyers.

Morgan Stanley have issued a forecast that UK residential property prices are expected to increase between 8% and 13% before the end of 2014 and the bank reckons that its forecast is “supported by government policy”.

The investment bank’s prediction follows a warning by the Organisation for Economic Co-operation and Development (OECD) which says that the Help to Buy scheme offering 95% mortgages, due to launch in January 2014, could pump up UK residential property prices but would not necessarily increase the supply of available residential property.

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Rental income down valuations affecting

buy-to-let mortgage applications

Buy-To-Let Mortgages Refused As Surveyors Down Value Rental Income

Buy-To-Let Mortgages Refused As Surveyors Down Value Rental Income

Approvals for buy-to-let mortgages are failing because surveyors are ‘down valuing’ the expected rental income from the private rented sector and are advising mortgage lenders accordingly.

In some cases, surveyors are even down valuing the value of rent already being received by landlords.

The claims were made last weekend in a Sunday Times feature, which says that some buy to let mortgage lenders are rejecting landlords’ rental estimates.

Most buy to let mortgage lenders want to see monthly mortgage repayments covered by rent with a 25% excess, to cover expenditure and void periods. Some lenders want to see 130% of rental cover, while others are happy with 100%.

Down valuation of the potential rental income could result in the refusal of the buy to let mortgage application, or lenders may limit the amount they will offer, often below the borrower’s expectations.

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There Will Never Be A Better Time To Invest In Property

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