Hi [name]

Hope you are well and had a good weekend! I was up at St Andrews watching the golf - an excellent few days and an impressive victory for the South African with the unpronounceable name!
 
This weeks newsletter includes our Overseas Mortgage latest from Geoff Simmonds, a message from our new resident tax specialist Amer Siddiq on watching out for CGT pitfalls when taking in lodgers and I tell you just why the Scottish Property market is moving in the right Direction.

Scottish Property Market - Moving in the right Direction

by Alan Forsyth
 
The Royal Institution of Chartered Surveyors monthly survey of its Scottish members reveals the greatest degree of confidence for more than a year. Half of those who responded believe prices are rising, nearly all the rest say they are static.

The number of property sales is also rising - May was the seventh consecutive month in which the number of sales (6196) exceeded that seen one year before.

So encouraging news on a property market we have always recommended - and indeed where I own over 30 properties personally.

We have always recommended the markets there, under the £100,000 mark.

The yields in Scotland have typically been £30-80 a month better than similarly valued properties in England and Wales, and this makes a significant difference over 10-20 properties....!

The best investors I know do not get too worked up about what the property looks like - they just want a money generating investment, and I know I would rather have an ugly house making me £170 a month than a pretty house that only makes me £50 a month....!

Passive income is the big attraction with these types of lower value properties, giving you an excellent extra cushion, and 10 of these can help you replace your regular income!

So my message would be, look at the numbers, don't invest with emotion - remember hard cash at the end of each month is far more attractive than having a pretty investment that doesnt make money!

We have some excellent deals in Scotland just in - with some giving up to £200 a month postive cashflow each month!

So you can get 25% of equity and up to £2400 a year positive cashflow - even at £1200 that is a 20% cash on cash return per annum based on £6000 costs to buy the property....!

Whether you are starting out, or are an experienced investor, you cannot have too many properties giving you £100+ positive cashflow every month!
Want to buy some of the same types of deals I buy in Scotland?

Register here, and we will send you 5-6 new ugly houses that will give stronger cashflow than their "prettier" counterparts - Send me cash generating, ugly houses...!

To discuss investing in cash positive properties, call one of our Portfolio Managers on 0115 9853963, or email us here!

Watch out for the Capital Gains Tax Pitfalls of Taking in Lodgers

by Amer Siddiq

Taking in a lodger has distinct advantages financially, but can pose a problem for Capital Gains Tax (CGT)!

Record numbers of cash-conscious homeowners looking for help to pay the bills may find the lure of a tax-free income offered by the rent-a-room scheme attractive - but need to stop to think about the Capital Gains Tax (CGT) consequences of taking in lodgers. Read more online

Global Mortgage Update - July

by Geoff Simmonds

Over the past month many French lenders have lowered interest rates, meaning mortgages are now available from just 1.79% for foreign investors. France has always proven a popular destination amongst UK investors due to its close proximity to the UK. This is therefore great news for people who either currently own a French property, as it provides an opportunity for them to save money by remortgaging, or those thinking about buying a property in France, as they stand to spend a lot less on financing their investment. Read more online

Best Regards

Alan

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