News Review - May 1st 2009

Latest News

The Nationwide Survey shows house prices dropping again in April but then, according to the Telegraph, the figures without any seasonal adjustment, actually showed an increase... Are we now bumping along the bottom of a stagnant market or is it just a minor bounce in a declining market? Who knows - I think we've got further to fall but for those of us buying substantially below market value the uncertainty is a great advantage at the moment.

The Daily Star has found Britain's cheapest streets to buy property.

The Government's Mortgage Rescue Scheme has helped just one household since its launch. Another raging success for Gordon Brown then...although it strikes me that this lack of success is probably a good thing for BMV investors.

FSA crackdown on rogue brokers continues...

Why is the UK so obsessed with property? There's plenty of lively debate surrounding this article on City Wire - if you fancy adding your sixpence to the argument it's definitely worth a look.

Pension funds are being encouraged to start investing in residential property to help kick start the new build market. The massive influx of cash that this would bring could have a big effect on the property market going forward.

Foxtons contracts with landlords are "confusing and unfair". One more reason not to use Foxtons then!

How about your own tropical island BMV? ...we're looking into structuring a no money down deal.

Usfeul Links

Protect the equity in your BMV deals against further market falls. This is a very interesting new financial product that you may have heard about at our networking evenings from David Worrow. It's a totally new idea and is now up and running.

It's basically a form of option agreement that allows you to lock in the full market value of any properties in your portfolio (either new or existing) for an upfront fee. There are some great ways to use this creatively in structuring your BMV deals so that you can cement your capital gain from day 1.

Drop us an email or give me a call to find out how.

Download the brochure here.