Property Investment In Stratford

Property Investment Opportunities In Stratford

In 2012, Stratford in East London will the centre of the planets focus as the Olympic Games comes to the UK for the first time since 1948.

A major event such as the Olympic Games can put a tremendous strain on the infrastructure of the host city but can also return a high yield of profitability to anyone with a financial interest.

Property Experts predict that investing in property in the Stratford area should achieve higher than average returns in London. This is largely due to the fact that prices of properties, both residential and commercial in Stratford should increase exponentially not only because of the general trend of property appreciation in London, but also due to a massive transformation of Stratford area into a new European business centre with outstanding international and local transport links.

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The transformation of Stratford has already began and will produce the creation of the City Of Stratford and the Olympic Park. A property investor has a golden opportunity right now to jump onto the Stratford Olympic gravy train.

The current position of the property market could not be better for potential property investors. Property prices are still on the way down but slowing and when prices reach their inevitable bottom the rise could be astronomic especially in and around the Stratford Area.

What The 2012 Olympics Mean For Stratford

This is not mention the employed opportunities with the creation over 30,000 permanent jobs an as yet an unestimated figure for temporary employment.

Stratford will become the third most important area of London behind the West end and Knightsbridge in terms of the retail sector.

What Does This Mean To Property Investors

Usually the upgrade in a city or region happens over time and several factors can influence a change in fortunes. The regeneration of Stratford is happening for a specific purpose and so investment opportunities are very real and timescales achievable.

Residential and commercial property investment opportunities in the Stratford region both existing and off plan are being created thick and fast.

The Olympic Gravy train is coming to Stratford - make sure you are on it.

Mortgage Slump Could go on for 3 Years

Houses for sale but buyers can’t get mortgages

People looking to purchase a home were faced with more gloomy news recently, when some forecasters are predicting that the mortgage crisis could last for up to three years.

It’s certainly clear from the Bank of England figures that mortgage approvals dipped dramatically by almost 70 per cent in June to a record low. The figures are that only 36,000 new mortages were arranged for people moving house. And the overall net mortgage amount plunged to only £3.1 billion.

So people are still looking to get finance approval for buying a new property; it’s just that mortage lenders are being much more cautious about who they lend money to in the current economic climate.

A Government report indicated that there might not be a quick fix to remedy the home loan doldrums. Although to be frank, when did the government ever come up with a quick fix for anything?

Any offer of help from the government to ease the securities market quickly evaporated when the credit crunch hit. The banks and building societies are now waiting for the follow-up report to be published in the autumn for a clear way forward. And this has caused a backlash, because the mortgage lenders are calling for some decisive action to resolve the current mortgage crisis.

Property Prices Fall, Deposits Keep Going Up

So in spite of falling property prices, mortgage lenders continue to tighten their lending conditions. And the average deposit a home-buyer will need to buy a property keeps rising. In some parts of the country, deposits of 20% are being requested for purchasers to qualify for a home-loan.

A recent Hometrack survey found that the average property sale is going through at roughly 10 per cent below the asking price. Which is not good if you’re a seller looking to move up the property ladder. But - if you’re an investor looking to make the best of a bad situation, and you have some cash liquidity, you could move into this market in a very strong position. And one thing the ‘experts’ all seem to agree on, is that this situation is likely to last at least 3 years, before it moves back to more realistic levels.

If you’re looking to move into this property market, it might be wise to get some sound advice from someone who is familiar with the current property market, and can help steer you through the potential ups and downs.

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If you have any ambition to get involved in the property market - Property Mentor can explain exactly what is needed - it is not all about money or cash flow - many successful property investors started with nothing and did not use any of their own capital.

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Property Mentor is the UK’s leading training course provider with workshops and seminars running continuously the length and breadth of the country.

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Property Mentor is lead by Matthew Lauchlan, a multi millionaire property developer that over the last few years has trained many individuals from varying backgrounds to profit from the property market using the exact same principles and techniques that he has.

The UK property investment scene is one of doom and gloom to the uninitiated, the media is continuously painting a picture of economic disaster led by the collapse of the housing market.

Best Time To Invest In Property

The experienced property investoris getting ready to pounce - just as with any other investment opportunity, typically stock and shares - the best time to invest is the price is falling and just starting to bottom.

Experts predict that by 2010, just over a year away at time of writing the housing market will gather pace again. The current conditions are lead by many factors, many unrelated to the true price of property.

Soon demand will outstrip supply forcing house prices up again. The current blip is of no surprise - many experts predicted.

If you want to ride the next property boom register for one of Property Mentors events.

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Free Online Moving Service

Free Move Planner Service

If you are planning on moving and prefer the simplified, hassle free approach then contact MoveMe.com. Moveme.com are a free online moving service for home owners and renters moving home.

Set up in 2005 MoveMe aim was to bring togother all the elements of moving house together under one roof.

Moving house is one of the most stressful situations you will encounter - for the logistically challenged MoveME have the answer.

Moveme provides their award-winning free Move Planner which many customers have already discovered to be essential during their move. It will organise and help people moving manage their move, reminding them to do things as and when necessary and giving the tools to do them. Users can also personalise it to include their own tasks and reminders.

Moveme have thought of just about everything that is involved with moving home so that you won’t have to. From everybody who should be on your change of address list to removals, conveyancing, utilities, storage and much more, you’ll find that moveme.com will not only alert you to the tasks that need doing, but, wherever possible, will enable you to organise them online, including all the forms and letters you will need.

Home Moving Services

• Utilities Change Of Address - switch energy supplies such as gas, electricity and telephone - even Sky and cable
• Removals - best removal companies in your area with 30% discounts
• Home Surveys - get the best quotes direct and receive the result immediately
• Conveyancing - discounts of 10% using the MoveMe service
• Mortgage - with over 16,000 still available use the MoveMe power to find a suitable mortgage
• Moving Boxes - with free delivery on any box size
• Locksmith - if you would want to change your locks (something that a surprisingly few people do)
• Alarm Systems - Exclusive offers for members
• Technology Install - physical installation of your broadband, Sky and other tech components from the MoveMe Geek Squad
• Stoarge - the best storage companies with the best rates.
• Council - Switch information from old to new

Plus many more.

If you are moving home give Move serious consideration - it will save you not only money but valuable time. Buying services under one roof will enable you to benefit from the discount options that MoveMe have with the leading Moving home service providers.

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Rent Your Home to Solve Housing Worries

Want to move, but trapped by the credit crunch?

Renting out your home may be an interesting solution to investigate, if you want to keep moving up the property ladder. And it’s not a crazy as it might sound at first…

Currently we’ve got a property market with low property sales, but high rental prices. Which make a good combination for shrewd investors. This could be a perfect way of side-stepping the market log-jam and moving on - rent out your current home; let the tenants cover the mortage; and buy again.

If you bought your property more than 4 or 5 years ago, it’s likely that the rent you could earn on your home could more than cover your monthly mortgage costs, because rents are currently high. At the same time, property prices are dropping, so it makes no sense to sell your property at the moment. Unless you’re willing to risk the capital appreciation that might have accrued up till late last year.

A recent letting report from RICS shows new instructions at letting agents are at an all-time high; and estate agents noting an increase in new landlords letting their own homes.

How to Capitalise on the Rental Market

Here are a few things to consider before you become a landlord:

Firstly, you need to understand your market. If you’ve got a three-bedroom house, well-maintained and well-located for schools, you’re in a good postion for a family or corporate let. If, on the other hand, it needs some tidying up and it’s not to such a high standard, then you’re better offering it to a younger family or flat-sharing.

Speak to local estate agents, who would know your area , and know what kind of rental prices your property could realistically achieve.

Don’t go out and buy furniture for tenants. It’s likely they have their own. But if someone does come along who wants to rent it furnished, then be prepared for a small outlay. Be flexible in other ways – if you don’t have a power-shower, but a prospective tenant says he’ll commit for a year if you install one, consider it might be worth spending the £300 to secure them.

If a tenant is willing to commit, but at a slightly lower rate than you’ve set, again consider if it makes sense to let your property out at the lower price, rather than run the risk of going a full month without any income. If you’ve got several prospective tenants, this won’t be an issue.

A few more things to consider before renting out your property.

You’ll probably need to convert your existing residential mortgage into a buy-to-let mortgage. At the very least, check the terms of your mortgage, and place a call to your mortgage company to let them know your intentions to rent out your property.

You’ll probably need at least a 10% deposit saved up to place as a deposit on your new property since it’s hard, if not impossible, to find 100% or even 95% mortgages any more.

What’s the Downside?

You’ll need a legally binding contract drawn up. Although a bit of searching on the web will turn up numerous law firms who specialise in downloadable legal documents - including short-term assured tenancy agreements.

Recognise or find out your legal responsibilities - in terms of the safety of your home. Particularly things like gas appliances that require annual inspections and certification by a Corgi-approved technician. If you do let your property out furnished, or partially-furnished, the furniture must meet or exceed any current fire regulations; and any electrical appliances must be checked for safety.

In your calculations, you need to factor in any costs you might have to cover when the tenants leave - from a little bit of re-decorating, to repairing fixtures and fittings, to replacing carpets.

Understand thaere is a lot of uncertainty in the market. There seems to be a glut in tenants right now; with rental prices very high. As teh property market stabilises, this could change, meaning a drop in possible rental incomes, or less tenants looking to rent your property. So you need to consider your possibilites and ability to cover tow mortages for a few months if need be.

What’s your first step?

Talk to someone who has done this. Or someone who can really help and guide you through all the different things you need to consider. After all, it’s a bit more than just decorating your house in a neutral shade throughout.

There are a number of property investment seminars that are held throughout the UK, which you could attend to hear more about becoming a landlord, and to ask questions - to see if this could be a viable way for you to move up the property ladder.

Find Out if You Would Benefit from a Free Property Investment Seminar

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