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How to buy property with none of your own moneyBuying Investment Property With NO Money Down

One of the most common problems faced by people when they want to invest in property for the first time, is the same for those investors who want to buy more properties…

Finance!

To put it simply, without access to finance people can’t buy property. And they quickly become discouraged or lose interest in property investing.

Or, if they already own a few investment properties, their property investing business can stall and stagnate.

The result?

They are forced to shelve their dreams of achieving financial independence… spending time with their loved ones… and …doing the things they love.

So how do you get around the problem of finance?

Fortunately there’s a solution.

You see, believe it or not, you can buy property using NONE of your own money. And there’s a couple of ways you can do this.

One way is by using a clever strategy when you buy the property using none of your own money, using alternative sources of finance.

Hint; NOT mortgage companies or banks.

There isn’t room in this short post to provide you with all the details about buying property using none of your own money.

That’s why I’ve included a link to a specially written free report for you, and it’s called;

Buy Property With None Of Your Own Money – The Essential How To Guide.

Inside this detailed free report you’ll discover;

  • The easiest way to start buying houses with none of your money – Simple… when you know how.
  • How to make every property deal a no money left in or even a no money down deal – Use this low risk time proven strategy.
  • Bad credit? How to get unlimited amounts of finance to buy property regardless of your credit history.
  • How to use the CREST formula to raise finance – Works even if you’re new to property investing.
  • The most common mistake people make when talking to people with money that repels them instantly – What to say instead!
  • When going to the gym allows you to buy your next property – Strange but true!

And much, MUCH more.

When property investors discover these secrets they will be able to take on multiple property deals at the same time, enabling them to buy more properties faster allowing them, and you, to reach your financial goals much faster.

  • No more being rejected by banks or mortgage companies.
  • No more waiting for weeks to get finance.

Instead property investors will be able to raise unlimited amounts of finance, allowing you to keep buying properties when other property investors are unable to even raise finance.

So get your special report today.

Click on the link and download the report.

There’s no obligation or commitment, it’s packed full of solid practical content you can read today and start profiting from tomorrow.

Buy Property With None Of Your Own Money – The Essential How To Guide.

Paul PrestonThe report is written by Paul Preston – a multi millionaire property investor who started with none of his own money…

This free download is set to become the most talked about report of 2015 with 3 Strategies detailing exactly How To Buy Property With None Of Your Own Money..

UK Rental Properties Must Have EPC Above “Band E” By 2018

UK Rental Properties Must Have EPC Above “Band E” By 2018

Rental Properties Must Have EPC
Above “Band E” By 2018

The Department of Energy and Climate Change (DECC) says that from April 2018, UK private rented sector (PRS) landlords will become legally required to raise the energy efficiency of rental properties in the private sector to at least “Band E” in energy efficiency standards.

From April 2016, landlords in the private rented sector (PRS) will also be required to accept reasonable requests from tenants for energy efficiency measures to be installed in rented properties.

EPC formatThis means that hundreds of thousands of landlords with buy-to-let mortgages could be hit with bills of up to £9,000 (GBP) under the new green targets set out to make rental properties more energy efficient.

The Energy Performance Certificate (EPC) ranks a property’s energy efficiency from A for the most well-insulated and energy-saving properties, to G for the worst.

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Mortgage Market Review Regulations Will Slow Property Transactions

Mortgage Market Review Regulations Will Slow Property Transactions

New Mortgage Rules Will Slow Down
UK Property Transactions

65,500 property purchases were approved by mortgage lenders in March 2014, showing the second successive monthly drop in the number of property transactions as mainstream mortgage lenders implement stricter rules which will be rolled out fully at the end of April 2014.

The figures for March were 7% lower than the 70,309 mortgage approvals recorded in February 2014.

The recent falls in the number of mortgage approvals are a stark contrast to the 11 months of continuous improvements which saw average monthly lending levels increase from 52,537 to 76,753 between February 2013 and January 2014.

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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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Property Investors Using Bridging Finance To Renovate Properties

Property Investors Using Bridging Finance To Renovate Properties

£640 Million (GBP) Bridging Finance Used By

Property Investors In Just 12 Months

There is a fresh warning being issued to property investors that the current UK financial system is not set up to help them develop or renovate property because mortgage lenders are not prepared to take the risk.

Property investors are finding it virtually impossible to secure a mortgage from mainstream mortgage lenders for a property that requires renovation or refurbishment, especially if the property was previously used for commercial purposes, e.g it was previously an office or a flat and requires alterations to allow the change of use from commercial to residential, or it is a property that does not have an existing bathroom or kitchen.

As has already been reported by Spotlight over recent months, there are promising signs that the UK’s economic recovery is building in strength, thanks to the implementation of the Government’s financial initiatives such as the Funding for Lending scheme, designed to encourage business and the Help-To-Buy scheme, which was launched at the start of the year in an effort to help more first time buyers to get onto the property ladder.

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Demand May Outstrip Supply As Lenders Brace For Help-To-Buy Stampede

Demand May Outstrip Supply As Lenders Brace For Help-To-Buy Stampede

Demand May Outstrip Supply As Mortgage Lenders Brace For Help-To-Buy Stampede

Over 600,000 residential properties are eligible for the £12 Billion (GBP) scheme, while Zoopla says buyers will still need average £10,000 (GBP) deposit

More than 600,000 residential properties on the market are eligible for inclusion in the £12 Billion (GBP) second phase of the Help-To-Buy scheme, according to the latest in a series of surveys leading to predictions that UK mortgage lenders will be inundated due to the expected demand for the government-backed mortgages.

Details of the 95% mortgages, which are available to existing property owners as well as first-time buyers, are to be unveiled by Chancellor of the Exchequer, George Osborne, with some banks expected to invite loan applications within hours of the announcement expected next week.

The second phase of the Government’s flagship scheme to allow more first-time buyers and second steppers, wider access to the UK’s residential property market has already been brought forward by three months, with high street bank Santander claiming that up to 1.7 million people want to use the scheme.

The Help-To-Buy scheme will cover existing residential properties as well as new-build properties, but as yet there are no plans to allow Buy-To-Let property investors use the scheme.

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Help-To-Buy Heralded As UK Property Market Saviour

Help-To-Buy Heralded As UK Property Market Saviour

RICS Claim Help-To-Buy Is Reason
For UK Property Market Recovery

The Royal Institute of Chartered Surveyors (RICS) have stated that the Government’s Help-To-Buy scheme and other financial initiatives have seen the UK property market turn the corner after the post recession slump.

In its monthly report RICS said property prices are up for a fourth consecutive month as the largest number of property buyers in 4 years return to the market.

The RICS report particularly picked out the West Midlands and the North East, as two areas which had suffered more than most in the UK property market crash, but these areas experienced the biggest increase in property buyer activity during July.

The widespread pick-up in the UK property market has seen residential property prices rise at their fastest rate since the peak of the property market in November 2006.

There is a growing chorus that the Government’s Help-To-Buy scheme, which was introduced in April to provide equity loans for first time buyers of up to 20% towards the cost of a new build property worth up to £600,000 (GBP) is creating a new property bubble.

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Help To Buy Scheme Could Cause New Property Bubble

Help To Buy Scheme Could Cause New Property Bubble

Critics Warn Help To Buy Scheme Will Cause New Property Bubble

The Chancellor of the Exchequer has launched the second phase of the ‘Help to Buy’ scheme and laid out the terms of a programme that will underwrite UK residential property purchases up to the value of £600,000 (GBP) following a meeting with mortgage lenders and house-builders.

A number of groups, however, have warned that, if this scheme is allowed to drive up house prices in the UK, it will cause another property ‘bubble’ and encourage people to take on huge mortgages.

George Osborne is hopeful that the terms of the scheme will prevent another property bubble, as there are now strict income checks and other lending criteria imposed by mortgage lenders and the loan scheme will not be allowed to be used by purchasers to acquire second homes.

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FCA Accused Of Interest-Only Mortgage ScaremongeringThe Financial Conduct Authority (FCA) has been accused of scaremongering when it comes to dealing with outstanding interest only mortgages.

You may remember that Spotlight reported that the FCA warned that almost half the 2.6 million or so UK property owners that have interest only mortgages would not have savings or other funds to cover the final bill at the end of the tenure.

Read the article here

Interest only mortgages represent approximately 33% of all UK mortgages.

With Interest only mortgage holders only paying enough to cover the monthly mortgage interest on the amount borrowed, the average shortfall is £71,000 (GBP) per person, according to the published FCA research.

The FCA, the new watchdog for the sector taking over from the Financial Services Authority (FSA), commissioned the research to provide a clear indication of what mortgage borrowers could face when their Interest Only mortgages mature between now and 2041.

Property investors and Buy-To-Let landlords are still wise to select interest only mortgages, rather than waste money by opting for capital repayment mortgages from the outset.

Landlords choose interest only mortgages to purchase rental properties because they are the cheapest option and may choose to switch to a repayment option at any time once the rental income is coming in.

Peter Williams, Executive Director of the Intermediary Mortgage Lenders Association (IMLA),said: “By confirming that nine in every ten interest only (IO) borrowers have a repayment strategy in place, the FCA’s research should put an end to misguided reports of a mis-selling ‘scandal’ when the market boomed between 2002 and 2007. Having said that, as both the Experian report for the FCA and the GfK report shows, there are issues for the industry to deal with.” 

Market research firm GfK NOP questioned 1,103 interest only borrowers to consider how prepared they were to repay their loans.

The study found that 37% of interest only mortgage holders faced a shortfall in their plans to pay back the lump sum of the home loan, based on their own calculations.

But the FCA believes that many people underestimated the financial problem and it believes 48% of interest only mortgage holders will face a shortfall.

Martin Wheatley, Chief Executive of the FCA, said: “My advice to borrowers is not to bury their head in the sand over interest only mortgages. This report is a call to action.”

 Mortgage Approvals Fall As Demand From

Residential PropertyBuyers Fades

UK Mortgage Approvals Fall

UK Mortgage Approvals Fall

UK mortgage approvals in February 2013 have fallen to the lowest level seen for seven months according to E.surv chartered surveyors.

E.surv, reckon that only the government Funding for Lending (FLS) scheme is preventing a much steeper fall in residential property mortgage lending for purchasing, even though uptake from potential property buyers has been lower than expected.

Overall UK mortgage approvals fell by 11% in February to just 49,019,  down from 54,719 approvals recorded in January 2013, making it the lowest mortgage approval level since July 2012, according to E.surv data.

The fall in mortgage approvals comes despite a wider and cheaper range of residential mortgage products on offer, which suggests that the drop in mortgage lending was due to weakening borrower demand and not a decline in the availability of residential mortgages.

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