Make Some Money

Is this another sign of the credit crunch?
During May Birmingham Midshires added a note to their mortgage book with the CML (Council of Mortgage Lenders)

5.1.1- Contact point if the seller has owned the property for less than 6 months.
Completions Team at office issuing mortgage instructions. See Offer for contact details.
NB We will not normally proceed […]

Whilst I was away I was informed that Mortgage Express, one of my favourite mortgage lenders had overnight pulled the plug on their instant remortgage product. Mortgage Express were the only major mortgage company to allow an investor to remortgage their property before owning it for 6 months. An instant remortgage product allows investors to […]

In the last 2 weeks or so ALL UK banks and lending institutions that I and my fellow investors use seem to have tightened their belts and repriced their mortgage products. Fixed rates have gone up as well as variable tracker rates. Arrangement fees are also still stupidly high.
Even though UK Interest rates have […]

This is an update of the eviction of my non paying tenants, the process has well and truly dragged out for ages and ages. About 5 months in total.
In court the judge had ordered that the tenants leave on Jan 23rd and give up possession of the property. The tenants had agreed and I was […]

We recieved some very good news last week. The planning permission that we submitted on our new property has been granted!
In October of 2007 me and The Sally bought a small bungalow in need of some work, but with a view to die for. It will be our new home for after our wedding and […]

I’ve been contacted by ITN News regarding current repossessions rates and a survey that they are currently doing for a news item. I’ve sent a reply back to them with as much information that I can give, I hope it will be helpful to them.
They will probably want Sell and Rent back information soon […]

Why do I like property investment so much? In my eyes Property Investment seems like an easy lazy mans way to make some money and provide passive income. Why do I think this?
I can only speak with my own experience and this is my experience of property investment:
In February of 2002 I bought my first […]

Current market predictions are varying widely but it seems that industry leaders such as Nationwide, Experian and Intermediary Mortgage Lenders Association are all predicting negative growth in 2008, with the latest report from Capital Economics assuming a 5 percent downturn. House prices in the UK could be falling as fast today as they did during […]

Possession Court Hearing
The possession court hearing for my first eviction was scheduled for today at 12pm. I put my suit on and took the following evidence:
Tennancy agreement
Rent received statement
Section 8 notice
Court Possession Hearing letters
I ended up being 8mins late due to traffic and I thought I was going to miss my appointment so whilst driving […]

How often should I put my rents up?
In a perfect world for my tenants rents would stay the same or come down every year. If I could do this and still earn a decent living then I would keep rents the same just to keep the tenants happy. Unfortunately in the world we live in […]