The economy is in a pendulum situation. It goes up and afterwards it falls. These trends of uncertainties do actually inflict upon decision-making. It develops convenient deals for buyers from motivated sellers. The land market is now ideal to invest in. There is great scope for investment and high returns in the property sector. The market has suffered tremendous losses with the recession of house prices but land is another aspect of property and unprecedented deals can be captured.
It is hard to find an investment opportunity. It is obvious that change has occurred and lots of money can be generated from this market situation. The land sector is as lucrative and interesting as any other sector of the economy. The price of land is affordable. Furthermore, the ability to catch special deals is possible. Therefore, great wealth can be earned when investing in the property market. The recession has conditioned the market and created opportunistic chances to earn a valuable return.
Why People are selling at preferential prices
The UK land market is large. These very openings can be exploited to maximum. However, there are several reasons behind the favorable prices. The economic position is dreadful at the moment as many financial institutions have closed their doors. This has mainly been due to the granting of loans that has not been paid back. The guarantee, the house, itself has been devalued due to the slum. This has forced banks out of business and landlords to be forced to sell their land. The high interest rates, taxes and other expenses have been a too extreme burden for the land owners to repay. The ultimate consequence has been the emergence of motivated sellers.
Why motivated seller exists
The motivated seller can practically be anyone forced or compelled to sell his belongings due to financial reimbursement. These debts can have been generated from government taxes, associated fees, bank loans. The buyer of the land will be at a win-to-win position. The terrain will be sold at below market price and a great deal of bargaining can be achieved. The property can be cleared at a price which can represent a century deal (the likelihood to re-happen is low). The terrain can be sold at an inflated price once the recession is over.
The interesting aspect during this recession is that a lot land deals are available on the market. People who are wealthy can benefit tremendously from the economic situation. Land has always been the most solid unit of storage of wealth, while you are well-off. The price will in the long-run tend to appreciate at an average. Investment in land is secure and long-lasting. The recession has promoted the manifestation of motivated sellers, in the past these sellers might have been adamant but the economic situation has revised their mindset.
For Discounted Land For Sale, Visit land deals. List your land for free or search through our discounted land for sale!
Article Source: http://EzineArticles.com/?expert=Gregory_Akerman
Here’s a brief summary of the various costs to consider when letting your property:
Gas and electrical testing
You will need to ensure that you have tested all gas and electrical appliances to ensure they comply with current safety standards. This will need to be undertaken by a qualified professional and there will be charges made for this service.
Insurance
You need to ensure that you have insurance on your property and make sure you know exactly what’s covered in the policy. You will need to advise the insurers that the property is being let.
Letting agent’s fees
There are likely to be fees incurred for employing an agent to undertake the administration and management of your property. Charges vary from one agent to another, so it’s worth checking on fees in your area.
Repairs and maintenance
Any repairs or maintenance that is required on the property will need to be paid for by the landlord.
Storage
You may have to put some of your furniture and furnishings in storage if the tenant brings his/her own belongings. The costs of storage will need to be covered by the landlord.
Tax
Landlords are liable to pay tax on gross income received from rent. Further information can be obtained from the Tax Office.
Tenancy Deposit Protection
You will need to ensure that you or your agent belongs to a scheme to protect tenants’ deposits.
Landlord Journal has just started a product review section.
http://www.landlords-journal.com/product-review.html
After our recent interview with Barry Danser about his property and bridging business we felt it was time to talk to Barry about his other business interest Rent Rescue.
Landlords Journal decided to grill Barry on the service Rent Rescue has to offer landlords in the current economic climate and why it is a good alternative to letting agents and local authorities
If you have a product that will be of interest to landlords then let Landlords Journal know.
if you have further questions then leave a comment below
http://www.landlords-journal.com/product-review.html
http://petitions.number10.gov.uk/SuspendStampDuty/
Alistair Darling, the Chancellor, last September announced a 12-month stamp duty holiday on properties worth less than £175,000. But the measure has done little to slow the fall in the property market.
In a report for Progress, a Labour think tank, Mr Leslie says that the Treasury must now go further, suspending stamp duty this year on all sales below £1 million. There should also be a new "home purchase tax credit" worth £1,000.
The housing measures should form part of a new "fiscal stimulus" package of tax cuts for businesses and increased public spending programmes, Mr Leslie says.
He also calls for measures to help savers hit by record low interest rates, and a new state-backed "equity release scheme" for pensioners carrying out home improvements.
Mr Leslie suggests that even more borrowing may be needed to ensure that 2009 marks the "bottom of the recession".
"Injecting money into the economy in 2009 will allow the country to return to growth more quickly than if we let the market continue to spiral downwards, which would lead to even greater budget deficits in the longer term," Mr Leslie writes.
The Prime Minister has signalled that he may be willing to go further in the Budget, perhaps
http://petitions.number10.gov.uk/SuspendStampDuty/
beware of this scam if you are letting property
Hello ,
Thanks so much for your email and its quite understanding i apologize about the lateness of my reply,I hope this does not inconvenience you.i am very happy for your quick response,I will be coming in as soon its ready for me and the tenancy starts.I would like you to know that i wont be able to come over to view the place due to my present location as i am currently not in the uk. I have gone thru the advert one more time and every things seems okay.I want you to know that i am okay with the price
A little bit about me;
I'm 26 years old female, I work as a freelance journalist am currently in pairs France . I love to cook i am very nice,caring,honest,kind responsible,hard-working clean,reliable and social and am very passionate and i like to share ideas with others. On the weekend I spend time with my friends, I like to go hiking, walking, skiing,sitting at the beach, anything out doors. I like watching movies or going to the movies. I don't drink too often or smoke , but I do enjoy my red wine on Friday nights after work LOL! I also like to head out for a night of dancing with my girl friends down town every once and a while.
Concerning payment, I have contacted my client who i worked for while he was in (France)but now based back in uk and he promised he will make out payment to you,he will be paying you in excess, cos he's taking care of my accommodation and traveling fees.He would be paying you £3,500...
As soon as you get the check,get it deposited in your bank.When it gets cleared, pls deduct the cost of the accommodation for a month plus the deposit and send the remaining balance,which would be for my flight expenses and my living allowance for the short period,The balance should be sent to my traveling agent whose information i would give to you as soon as you receive payment.
I want you to see this as a favor you'll be willing to do for a tenant. As soon as i get there, i will make preparations for the remaining months, including all bills. Pls i want you to do this for me in good faith. if you comply,do not hesitate to provide me with these information.
1. Full Name,
2. Address,
3. Postal Code,
4. Telephone number.
I hope all this is okay and well understood by you, i would appreciate your quick response and will look forward to your email soonest.All interview,signing of contracts and reference check will be done upon my arrival once the place has been secured for me before i have the keys to the accommodation so subsequent rents will be paid monthly or weekly depending on how you want it.
Best Regards.
Vikky Thomas
http://forums.gumtree.com/topic272335.htm
Events
Discover Property Finders Secrets property Mastermind
It's happening Tuesday 10th March!!!
You can't afford to miss out
Mark it down now before you forget
Special Guests for March
Great news we have two guests for March, one to talk about an emerging market deal and the other to offer to you unique property deals at up the 40% below market value
Guaranteed you will find both very interesting and profitable
You simply can’t afford to miss out on this special event
This year is of opportunity don’t sit on the fence come along and discover and learn the opportunities that can create YOUR wealth in 2009
At Property Finder Secrets Mastermind 10th March
Come along and get the answers!!
Good news!!
You qualify for a FREE VIP ticket at The Cumberland Hotel – full address details are below. Email david@davidjsalmon.co.uk with the message "yes from landlord Journal " plus your name.
When:
Tuesday 10th March 2009 6.30pm (for 7pm sharp start)
Where:
At the
The Cumberland Hotel
Great Cumberland Place
London W1H 7DL
Phone: 0871 376 9014
Nearest Tube: Marble Arch
Just round the corner from Oxford Street in Great Cumberland Place
http://www.guoman.com/hotel-collection-page/map/
Mortgage Market
Mortgage lending picked up slightly in January, though the start of 2009 also saw a drop in personal saving, new figures from the British Bankers Association (BBA) reveal.
According to the latest report into the state of the UK property market by the professional body, net mortgage lending grew to £2.9 billion for the month, with a total of 23,376 mortgages and 30,710 re-mortgage deals approved by lenders.
Commenting on the slight upturn, David Dooks, director of statistics at the BBA, explained that the growth in demand for home loan products is being driven by a combination of falling interest rates and falling house prices.
"Lower borrowing costs and falling property prices have underpinned demand at high street lenders, who are providing over two-thirds of all new mortgage lending," he stated.
Despite this relative optimism, some property observers fear that further house price falls could be just around the corner, with HIS Global Insight stating that it is "skeptical that this will lead to a marked rise in actual sales anytime soon".
At the same time, the BBA figures show that personal deposits were down in January as consumers steer away from savings accounts offering low interest rates.
© Houseladder Ltd
Safety
A new online application has been created that can help those with buy to let mortgages ensure their properties have high fire safety standards.
The Fire Safety Logbook from the National Landlords Association (NLA) is available on the internet and allows investors to keep a record of their precautions.
This can make it easier to check that all the appropriate measures have been taken to protect tenants from the hazard, the NLA stated.
It features a template that landlords can use to carry out risk assessments and keep note of instances where a fire alarm has been set off, as well as fire equipment defects.
"Fire safety in the private rented sector is clearly an issue of vital importance and one that all landlords must take seriously," commented NLA chairman David Salusbury.
The Association of Residential Letting Agents also offers information for landlords on fire precautions in a leaflet entitled 'Let's make it safe'.
We have some very interesting property deals available for you from all over the world . Just click the Latest Property Deals on the left hand menu
Sale and rent-back schemes, sold to homeowners who cannot afford their mortgages, are to be regulated by the Financial Services Authority (FSA).
The schemes are widely advertised, and are promoted as a way of swapping a mortgage for an affordable tenancy.
The authorities are worried some people have been tricked into unfair deals.
The FSA will regulate the sale of these schemes from July this year, which will give it the power to ensure they are fair to home owners.
At the Berkshire Property Meet, there was a very interesting presentation by Phil Martin of the Rent Back Charter, about the ideas proposed by the Government to regulate the sale and rent back market . It may well be that sale and rent back becomes so regulated that the individual investor is unable to purchase these type of investments.
Unfortunately for everyone I think this means that many people who would have been saved from repossession thanks to a sale and rent back investor will no longer be rescued. Ironically, the Government’s planned regulation to help people will probably result in more people being repossessed
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