Other Products: Overseas Properties | Mortgages | Currency | Pensions | Home Insurance | Landlords Insurance | Travel Insurance |
Currently with the real estate market and credit market meltdown, there are 3 common ways in which banks, developers and owners are getting rid of their real estate in South Florida. As a buyer/investor if done correctly these are opportunities to pick up a great deal!
This blog talks about amazing ownership and investment opportunities at Mei in Miami Beach.
By Neil Lewis
Value investing in action - even the FT is getting in on the act.
This blog talks about the current state of the local Miami/Miami Beach rental Market and the factors that affect it.
When the Buy to Let mortgage market started in the early 90's, Loan to Values were at a maximum of 75%, underwriters made decisions to lend based on the overall viability of the transaction and commercial rates were charged.
By KFH
John Phillips, Financial Services Director at Kinleigh Folkard & Hayward thinks that the interest rate cut isn't all it's cracked up to be – not for the property market, anyway...
The Bank of England's decision to further reduce Bank Base Rates (BBR) in December, to rates not seen in over 50 years, demonstrates the analysts view of the severity of the current economic turmoil. Whilst we don't appreciate it at this time, history is being made and events now will be talked about long after we are gone.
Brief outlook and recommendations for your real estate investments for 2009.
Base Rate is set to continue to fall in the New Year. What options are available for the professional landlord?
3 month LIBOR continues its downward drift - setting today at 2.82% - still a significant premium to Bank Base at 2%
By Paul Sailes
Home Information Packs (HIP) are becoming more widely accepted since the first date of implementation. However, with the Home Information Pack's existence also comes some fallacies and myths which have been attached to them.
So, the Bank of England has announced a further 0.5% cut in the Base Rate. Rates are now at their lowest for 300years and could still go lower.
Mortgage Express are waiving all Early Repayment Charges for Residential and Buy to Let mortgages between February and June 2009!
These are tough times and as the recession takes hold many of us are now looking at ways of tightening our belts further...
Most will also be aware that now is the best time to buy just about everything, judging by the deals that are out there. Property therefore is no different. With this in mind, I thought I would offer some of my top tips when assessing property investments:
2009 is shaping up to be an interesting year, but hopefully not for the same reasons as 2008. The actions by the Bank of England and other Central banks has been to attempt to stabilise the global markets and right some of the wrongs in recent years.
The next MPC meeting on 4 February with its announcement on 5 February is heading towards a 0.5% cut in Bank of England Base Rate (BBR) down to 1%.
At Mortgages For Business we are delighted to have been appointed as one of two brokers to assist Mortgage Express borrowers looking to take adavantage of the Early Repayment Charge waiver if borrowers redeem their loan in part or full between 1 February and 30 June 2009.
The time has come where developers have begun to run out of stock and prices have dropped so much that they can negotiate no further. Sounds like opportunity to me! Could the market be turning? That's certainly been our experience since we came back from our Christmas holidays.
So Base Rate has been cut by another 1%. Bearing in mind Mervyn King's comments earlier in the month, the reduction is no real surprise and is confirmation (as if we needed it!) that we are heading for tough times in 2009.
Brief synopsis of the state of the current state of the market. Prices have come down and transactions are picking up considerably.
By Paul Sailes
The Property Information Questionnaire (PIQ) will be shortly rolled out after the draft version was produced and the related consultation was completed and added to the legislation.
This is an article I wrote about Quantitative Easing that the economists and politicians have been speaking about. Good in theory and will definitely work but one of the side effects is inflation which may means higher interest rates... Be prepared now.
The announcement that Northern Rock is to resume mortgage lending (£14Bn by the end of 2010) is welcome for the mortgage market as a whole but will probably only drive indirect benefit for the Buy To Let sector.
The Base Rate cut will of course continue to improve the cash-flow of those borrowers on Base Rate linked loans (without collars!) but unlikely to have much of an affect on new mortgage products.
In the new Turner Report changes may be proposed to the treatment of second charge and Buy to Let mortgages.
There may be an increase in first time buyers speculating on the property market, but those without a deposit may feel that it's impossible to get on the ladder. First Time Buyer looks at ways for those with little capital to buy their first home...
By BuildStore
With the first of eight Bank Holiday weekends of 2009 fast approaching, the sun is starting to make an occasional appearance and we are all looking forward to longer weekends and shorter working weeks. But last year, more than two-thirds of us stayed indoors over the bank holiday weekends, preferring to watch TV and surf the internet. Whilst less than 10% turned their hand to DIY on a bank holiday last year, BuildStore, the self build and home improvement specialist, wants to help the nation's homeowners get to off the couch this year and has put together eight ideas to help you, and your home, get the most out of the 2009 Bank Holiday weekends.
As expected, the Bank of England have kept Base Rate on hold at 0.5% this month, halting the steady trend of reductions over the last few months. With the MPC's ammunition more or less spent in this area, all eyes are now on the Bank's Quantitative Easing programme designed to stimulate the much need liquidity into the market.
By BuildStore
Is now the right time to build your way out of the recession, up the property ladder and in to your dream home?
By BuildStore
Frustrated homeowners become homebuilders, as they look for an alternative way to climb their way up the property ladder.
By Neil Lewis
So, that was it then. The great property price crash of mid-2007 to the spring of 2009. 'Britain's housing market reignited', says one recent (and typical) headline. 'Applications for US home loans surge' reads another.
The Chancellor, Alistair Darling, announced a £1 billion package to help stimulate the housing market. But do we really need cash to build more properties right now?
By KFH
Kinleigh Folkard & Hayward's Managing Director, Lee Watts, talks about what he is seeing in the London market
By Paul Owen
Beyond the hype, should you buy a property overseas now or wait a little longer?
We at Mortgages for Business have been aware for some time that many landlords and property investors have been struggling to find finance for certain property types e.g. HMOs and Freeholds split into several self-contained units...
By KFH
Lee Watts, Managing Director of Kinleigh Folkard & Hayward gives his view of the London property market.
The re-launch of Base Commercial as Aldermore Bank following the acquisition of Ruffler Bank is starting to bring benefits to landlords with Buy to Let and residential investment properties.
Not only does mortgage data point to an improving position on purchases but the first RMBS issue (£4Bn) in Europe in 13 months has taken place - issuer Lloyds !!!
By BuildStore
In the midst of the struggling housing market, there's an army of self builders who are busy building their way up the property ladder. Some housing pundits say that there has never been a better time to build your own home, and self build specialist BuildStore, is reporting a surge in self build land and finance enquiries
Featured on Lead Galaxy, along with A Place in the Sun, Homes Go Fast, Medhead, Global Property Guide, Unique Living and more...