Hi,
Hope you are well!
We have a great offer once again from one of the publications that I regularly write for at Your Property Network Magazine. YPN are offering two free copies of their monthly publication to our first 50 subscribers which will be sent straight to your door FREE of charge.
So be quick to register for these, last time we sent them out they went within two hours!
To get two free copies, just click here and fill out your details to get the UK's fastest growing publication for active property investors sent to you direct!
UK Property Market
"I read an excellent article last week in the Guardian, highlighting UK housing trends.
Some of the key stats are below:"
Fifty years ago, the average home cost £2,507 and one in seven had the loo outside. A half century on, the average home costs £162,085 but spare a thought for the two in every 1,000 households that still rely on an outside loo, according to research published by Halifax.
We are also far more likely to be living alone. In 1970, married couples lived in seven out of 10 houses, by 2009 this was at 42%. "The last 50 years have witnessed remarkable developments, with substantial changes in the both the number of households and their composition," said Halifax housing economist Martin Ellis.
Britain's population grew by 9 million to 61.8 million during that time, but the number of households rose from 16.7m to 26.6m. As recently as 1971, fewer than one-in-five households were occupied by a single person, but this rose to one-in-three by last year. Demand for single-person homes may explain why purpose-built flats now make up 19% of new builds.
"The last 50 years have witnessed remarkable developments, with substantial changes in the both the number of households and their composition," said Halifax housing economist Martin Ellis.
Private renting is making a come-back after years of decline, reflecting the huge growth in buy-to-let investing over the last decade. Home ownership, which soared from 43% in 1961 to a peak of 70% in 2004, has slipped back to 68%. In 1961, 33% of homes were privately rented, but this fell over 30 years to 9%. It has since started to rise again, reaching 14% in 2008.
"So some fascinating statistics - and as can see with numbers of people living alone increasing, and more renting privately, this is encouraging news for the ever increasing numbers of buy to letters!"
Portfolio Building Programme
We have had a lot of investors come forward recently - and quite a few emails after the newsletter earlier in the week, saying similar to this one from Michael, who emailed us saying, "I am keen to invest in property and know I should be doing it now, as my pension is going backwards, but still need pushed to make that first step!"
Well we have been looking at all our options to offer investors a further "Armchair" style service that can help them carry on with their busy lives but also help kickstart their investing and build up some significant equity!
We have put together 2 basic packages for investors to sign up to, where perhaps you are too busy to check every deal for yourself or would like to make sure you are not left behind and actually achieve the goals you want to achieve!
Package 1
For just £23,999 + VAT, we will:
- Choose you 4 properties with £80,000 equity within the next 6 months
- Help with the full buying and management process
- Go for positive cashflow properties
- Give an excellent mix of properties!
Package 2
Or for £43,999 + VAT, we will:
- Choose you 8 properties with £160,000 equity within the next 9 months
- Help with the full buying and management process
- Go for positive cashflow properties
- Give an excellent mix of properties!
This allows you to build up a huge nest egg, or pension while you carry on with your busy lives, knowing you are going a long way to securing your financial future!
Let's look at the return on Investment
Invest £24,000 - buy 4 properties at an average of £80,000 (purely for this example) with £60,000 mortgage. Immediately turn £24,000 into £80,000. This includes all buying costs!
Let's say in 5 years time prices have risen just 2% per annum.
Each property is now worth approx £90,000.
Your £24,000 is now worth £120,000, assuming a neutral cashflow (in reality would expect this to be positive).
So if you have a 5 year plan, can turn £24,000 into £120,000 ie sell properties at realistic prices of £90,000 each after buying costs.
For more info, register your details here or call 0115 985 3963 and we'll get in touch with great deals to build your portfolio.
Recommended Lawyer in the UK
Finally: We are often asked who we recommend for legal work - and with plenty of varying standards across the many lawyers I have used over time - a good lawyer can make the difference to the success of your property business - and be a crucial part of your power team!
We have worked with a very strong team of lawyers and conveyancers for the last 3 years - and have found them to be head and shoulders above pretty much all the others we have worked with. I recognize many of you are buying your own properties in the UK, and may be looking for a recommended, efficient lawyer to use!
If you would like to hear more about this, and try them out for yourselves, to see why we recommend them so highly, just add your details here and someone from the legal team will come straight back to you. Otherwise contact Rebekah Thompson directly on RThompson@lawblacks.com and she will be able to fully advise.
Have a great week!
Alan Forsyth.
