Cutting Out The Middle Man
Selling your property online could be the way forward according to Property Ladder’s Sarah Beeny.
In her latest venture – Tepilo.com – homeowners will be able to advertise their properties for no cost at all as well as put up: photographs, professional floor plans, area maps and Home Information Packs, via the website. Read more…
Banks have got it completely backwards- literally! Instead of helping the average Joe to get onto the property ladder and invest, they seem to go out of their way to make it impossible.
Take LTV mortgages.
I cannot tell youhow many times I have found the perfect property investment – a property that has got instant profits of over £9,000; that can generate incomes of up to £1,000 a month and that has got a strong tenancy demand – only to be left frustrated by the fact that banks want deposits of 25%-40%.
It’s ridiculous. Even with a £100,000 property that is still at least £25,000 to find before you can invest. And unless you have got this money just lying around from a redundancy or simply from your savings, the average homeowner simply cannot afford it.
Thankfully 3 of the UK’s leading banks seem to have seen sense and are finally getting off their backsides to make a difference. Read more…
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