A useful 20 minute video from our October guest, Minesh Bhindi

www.youtube.com/watch?v=Ipc9Y3wa82M

There is something big happening that, if you don’t do something about it, will harm the prosperity of your familly and your business for years to come. This isn’t a fear tactic – This is real and it’s happening.

Here’s just a snip of the evidence:

• UK is over £900 Billion in Debt
• You’re personally liable for about £40,000 (its going up by the second)
• £75 Billion QE programme announced this week (+ £200 billion we’ve already had)
• Moody’s downgraded 12 major UK banks on Friday.

“This is the most serious financial crisis we’ve seen at least since the 1930s, if not ever,”

Mervyn King, Governer of the Bank of England

Don’t you think it’s strange that on Thursday a £75 Billion QE programme is announced then within 24 hrs the credit rating of 12 major UK banks is downgraded?

Where do you think the £75 billion is going? – errr HELLO? Into the Banks!

If they wanted it to go “into the economy” then why not credit every employee in the country with £3000 so they can spend it “in the economy”?  These 12 banks are on the brink due to their massive exposure to the EuroZone crisis. They needed cash and they needed it fast. That left the Government and the BofE with a problem. How do you get £75 billion into the banks and make it look like good news?  They can hardly announce a “Bank Bailout” now can they?  There would be riots that would make what happened in August look like a kids tea party.

There are things happening behind closed doors that are not beeing reported. They can’t report it because there would be chaos. Banks are teitering on the brink of collapse and right now. Central banks are just printing more cash, stalling for time while they work out a solution.

Now here’s the big question…

Do you think the banks and governments will find a solution that makes those in power rich or the man on the street rich? This is not a time to be all “pink and fluffy” and hope that the world leaders will make it all go away.  This is deadly serious. The prosperity of you and your family is a stake here.

• Obama will not save the world.
• Cameron will not save the world.
• Merkel will not save the world.

** THE WORLD IS BANKRUPT **

The world economy is on life support being kept alive by the constant shot in the arm of fresh paper currency. I don’t think there will be a recovery, the current system is terminally ill. It has to die.  A dead tree cannot be recovered. It has to be re-planted and start again.

We find ourselves in difficult times, barraged daily with negative headlines about;

• GLOBAL DEBT

• WAR

• UNEMPLOYMENT

• RIOTING

It doesn’t take the brains of a rocket scientist to work out that these are all having an effect on the economy and the property sector. As you know, the economy moves in cycles. A key aspect of investing and business is understanding these cycles and educating yourself to take advantage of whatever the market throws at you.

Ask yourself this;

How much more assured would you feel making investments if you knew;

• What has happened in the past?

• What may happen in the future?

• Which strategies have worked best in previous stages of a property cycle?

• A toolbox of strategies ready to deploy when future opportunities arise?

You see, opportunity exists in ALL cycles of the economy and you must decide on your own course of action.

1. Do nothing and pray for the best.

2. Dive in and possibly make some expensive mistakes along the way.

3. Take action, educate yourself, learn from those who have done it before, develop your plan and implement it successfully.

Investing is a bit like reading a map. First, you have to understand your surroundings and know where you are in relation to everything else. Secondly, you need to know where you want to go. Finally you need a plan or a strategy for getting there taking everything around you into account.

Our Guest Speaker at Norwich Property Investors Club on Thursday 15 September 2011 is the ideal person to help you put the pieces of the property investment jigsaw together.

He is one of our Region’s most successful entrepreneurs and property Investors. He has created multiple, multi-million pound businesses and built a property portfolio that, at its peak, contained in excess of 100 properties.

Mark Alexander will be joining us once more at at Norwich Property Investors Club on 15 September 2011, 7.30 – 9.30 PM to share with you his knowledge gained from 22 years in property and business.

Mark will show you;

Over the past 12 months Mark has been utilising these exact strategies to uncover a new opportunity where most saw only problems. His new venture, Property118.com is set to revolutionise the Private Rental Sector. At NPIC he will demonstrate to you the reasons why.

You’ll see firsthand Mark’s approach to creating opportunities from problems and also how he puts ‘Meat on the Bones’ to turn his ideas into reality.

As a special bonus, Mark will also be sharing his techniques for successful business networking. These techniques have helped Mark forge rock-solid business relationships which have fast-tracked his success and profits. He’ll show you some easy methods for getting these results too.

Things like;

*** Advance tickets are priced at £13.97 which is a 27% discount on the On The Door Price of £18.00 ***

Click the link below to secure your seat right now.

REMEMBER, WE OFFER 100% MONEY BACK GUARANTEE

After the event if you do not feel that you’ve had value from the information and influential networking just let us know and we’ll refund you 100% on the spot. No questions.

THE ROOM IS LIMITED TO 45 SEATS – SECURE YOURS RIGHT NOW

From Landlord Today

There has been a rise in the number of residential landlords trying to sell their properties.

The latest RICS survey on lettings said that “surveyors report that where tenancies are coming up for renewal, some landlords – particularly those in London and the South-East – are now choosing to put their properties on the sales market, leaving fewer rental properties available”.

While this seems an oddity, given rising rents and tenancy demand, property lawyer Jason Richardson, of Bircham Dyson Bell, believes the increase is due in part to the threat of losing Capital Gains Tax (CGT) allowance on their ‘principal private residence’.

He said: “Essentially we’re three years on from the beginning of the recession and the point at which many home owners may have moved out of their house and rented it.

“When three years have passed, the property can no longer be deemed the owner’s principal property and therefore they are liable for CGT on selling the property.

“Many home owners who perhaps moved in with a partner and decided to rent three years ago rather than sell, as the property market was declining, must now decide if they want to be a landlord for the long haul or cut their losses and avoid paying CGT.

“Some will also be coming to the end of a fixed mortgage and must seek a new mortgage deal during a time when the banks, although improving slowly, are still not lending to home owners the way they were three years ago. 


“I think that the increase in residential landlords putting properties on the market is probably due in no small part to the CGT three-year rule and the wish to avoid such a tax.

“My overwhelming advice to landlords wishing to sell quickly would be to make sure that the property is renovated once tenants have left so that it sells quickly and CGT is avoided.”

From Landlord Today

Buy-to-let mortgage lenders have pulled the plug on a number of deals – just as the National Landlords Association was happily reporting a relaxation in the deposit requirements for BTL mortgages together with a growth in the number of products.

But the NLA’s announcement looked untimely, as at least 50 cheaper BTL deals suddenly disappeared.

Last week, the Post Office scrapped its entire BTL range, whilst Skipton pulled its cheap tracker deals, Kensington withdrew its deals requiring only 15% deposits, and Aldermore pulled the plug on its fixed rate.

Meanwhile, lenders such as Skipton put up tracker rates, in Skipton’s case from 3.24% to 3.59%, making BTL borrowing more expensive.

According to Aaron Strutt, mortgage adviser with Trinity Financial, it is a simple case of BTL lenders running out of money: “Many banks have simply reached the maximum amount they can lend on their cheapest, most popular mortgage deals.”

And David Hollingworth, head of communications at broker London & Country, said: “With such a strong demand for buy-to-let mortgages, banks will need to manage how much they can lend.”

The survey by the National Landlords Association NLA Mortgages brand showed that landlords were certainly making hay as the financial sun shone.

It found that the number of BTL schemes provided during the second quarter of 2011 grew by 25% when compared to the first three months of the year.

Average loan sizes also increased by £2,166 to £138,525, representing growth of 6.4% since January.

This growth is mainly due to the greater number of lenders offering higher loan-to-value mortgages and the availability of finance for Houses in Multiple Occupation (HMOs), which tend to be higher value properties.

Over 50% of buy-to-let offers processed by NLA Mortgages were for loans over 70% LTV – resulting in an average LTV of 67%.

Low interest rates and future predictions were reflected by the increased popularity of variable mortgage products, comprising 59% of all mortgage applications.

Paul Rockett, managing director of NLA Mortgages, said: “Wider choice and better products for landlords mean that the overall buy-to-let market is improving.

“Although demand for finance still outstrips supply, the level of buy-to-let lending is gradually increasing giving property investors a reason to be optimistic.”