If you need to sell your house fast in order to avoid repossession then you have a few options available to you that can achieve this and even allow you to rent the property back from the new owners

If you find yourself in the position were your flat may be repossessed and are looking ways that you may be able to avoid being evicted from the property that you own then a “Sell & Rent Back Scheme” might be for you.

The fundamental principle behind the Sell & Rent Back Scheme is that the current owner of the property is able to sell his or her house quickly to avoid being evicted and have the property repossessed while at the same time not having to leave the property and be able to rent it back as a tenant, quite often it is not unusual for these schemes to include the ability to buy back the property at a later stage if your financial situation has improved.

It is important to remember that the lenders do not want to actually want to repossess property. It is an expensive and drawn out process. Lenders make their money from lending money out and charging interest which just happens to be secured against the property, it is also an inconvenience to them to try and evict you.

You will find the lenders more than willing to co-operate with you on one of these kinds of deals as the alternative of them having to evict you and repossess your property sell it quickly at auction for a devalued sum and then spend the rest of the time chasing you with legal action trying get the rest of the money owned that the house sale didn’t pay off is an expensive and time consuming process for them.

go now to http://www.avoidhomerepossession.co.uk/



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Original article

 

As you can imagine in recent months we have been approached regarding repossessed apartments, townhouses and villas throughout the Costa del Sol. Where can they be found, whether we had any, etc…

There have recently been a few companies that have attempted to market reposessed properties through auctions and web advertising and most have failed miserably. How can this be? Would not the canny investor with hard cash be willing to grab a front line beach apartment for 50,000 Euros anywhere on the Costa del Sol? Of course, such property just does not exist!

 

People talk about auctions or repossessions and the huge discounts available, but if you look at the figures, the figures just don’t stack up. Please don’t take my word on it, do a search on Google. You will either come up with one of two types of websites when searching for bank repossessions on the Costa del Sol. The first type, will be a site stuffed with terms like bargain, distressed, etc… and will not contain any properties but ask you for contact details. The second type, will show you some properties that might be from the banks but the prices are not particularly impressive.

 

So why are bank repossessions not necessarily that fantastic? Well unlike say the UK, banks in Spain take a more long term view to property. Although repossessions are higher now than this time last year home-owner mortgages do not make a majority of the debt owed to banks. This is due to the banking legislation put into place by Spain’s central bank; Spanish banks have to way up the risks of giving mortgages a lot more aggressively than their counter-parts abroad. Second, if the last crisis is anything to go by, the bank would rather sit on the asset and wait until a turnaround in the market. Many will more than likely set up management companies to deal with the stock, renting them in the meantime and selling them when the market turns around.

 

Many of the most desirable apartments, townhouses and villas were bought by a select few, who generally bought off the successful sale of a previous asset they had. A standard example is the British couple who sold their semi-detached back home for an astronomical sum and then used the proceeds to buy their ideal home on the Costa del Sol.

 

The other sort of buyer were those who bought into the marketing/dream and went for the off-plan purchase, putting down 15%/30% with the remainder on completion. Now that they can’t complete the property has been reclaimed by the developer, who, already discounting unsold properties, can do it further on that particular unit due to the gains made on the fallen through sale. And few of the developments are in prime locations, so even with heavy discounts, are not the most attractive of propositions.

 

A good example is an apartment block in Los Pacos of Fuengirola. On one repossession site a ground floor apartment there is advertised for 199,000 Euros. Whereas we have 2 properties there can beat that price and are tastefully furnished.

 

So whatever you are looking for, don’t get caught up in marketing gimmicks. Keep track of prices and when you are a position to buy on the Costa del Sol send through you enquiries to view the properties. Then put through what you see is a reasonable offer on the property that you feel best suits your criteria.

 

Regards

 

Andrew Belles

Costa del Sol property



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As the number of people choosing to buy to rent is on the increase, we have a look at three of the most popular reasons for deciding to buy to rent.

1) A Long-term Investment – Recent studies conducted suggest that over half of all landlords are wisely choosing to view their buy to rent investment as a nest egg for the long-term future. In fact, the average landlord plans to hold onto their property for about 15 years, making money out of it as the time ticks by. This is mainly due to the fact that historically speaking property is a great investment in the long-term. As long as you can pick and chose when you decide to sell the property, buying a property to rent out is a great money-earning opportunity. Ensure that you fully research the market and the type of buy to rent mortgage you will take out and the property will rise in value and you will be able to sell it at a profit. Many people are so convinced by the significant benefits which buy to rent offers that they will free up equity in their own home for the deposit which will allow them to buy a property to be rented out. Others actually become property investors and in fact the recent surveys also suggest that the majority of landlords questioned were planning on adding new properties to their portfolios.

2) A Second Income – Many people who buy to rent are attracted to the market due to the fact that they can earn a second income with relatively little hassle. The rent charged on the buy to rent property will not only help pay off the mortgage that the investor had to take out in order to buy the property but should also entail an extra amount of monthly cash which the landlord will be free to do with as they please.

3) A Guaranteed Future Home – For many people buying a property to rent is simply a question of getting their foot on the property ladder. This is particularly the case for those in careers such as the armed forces, boarding school housemasters, clergymen etc who have accommodation provided for them but are wanting to ensure that they will have a home available to them in the future. They buy the property and rent it out in the intermittent time period and then have the opportunity to use the property as their own home at some point in the future.



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Adverse credit secured loans are loans advanced to people suffering form bad credit status. If you are facing arrears, defaults, CCJ, IVA, bankruptcy you can avail adverse credit secured loans.

Adverse credit secured loans aim at providing financial assistance to people suffering from bad credit status. According to FICO, the credit score ranges from 300 to 850 points. If you are having a credit score less than 600 points, you are eligible to avail bad debt secured personal loans. Adverse credit secured loans are secured in nature and can be availed by placing a property as collateral against the loan amount. This can be any personal property like home, car, jewelry etc. With adverse credit secured loans you can avail an amount ranging from £5000 to £75000. Placing worthwhile collateral as security can increase this amount. The repayment duration of adverse credit secured loans is very flexible and ranges from 5 to 30 years.

Adverse credit secured loans are very useful for people having bad credit score. As these are secured loans the interest rate is not very high. Also due to high competition prevailing in the market you can avail these loans at low interest rate. You can avail adverse credit secured loans for any of your personal or professional needs like buying a new car, going for a vacation, paying bills and so on.

There are many banks, financial institutions and lending firms that offer such loans, so search well before applying for the loan. You can use Internet to search for various lenders and get free loan quotes from their websites. You can then compare these loan quotes to choose the one that offers adverse credit secured loans at reasonable interest rate. Adverse credit secured loans can be availed online also. To apply online you’ll have to fill up an online application form providing your contact details. Lenders will get back to you within few hours with their offers.

There’s a famous saying that “prevention is better than cure” and experiences good or bad validate it’s truth. You must assess your repayment ability before applying for adverse credit secured loans. Apply for a loan amount that you can easily payback because lenders can seize your property in case of non payment of loan installment. Regular payments of loan installments will help you increase your credit score.



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House 100% ownership?

When it comes to housing and real estate, long term residency in Bangkok is still as an attractive prospect as it ever was. Not only amongst the expatriate business community but also with Thai nationals who have moved to the city during good economic growth. But as it is anywhere else in the world, high economic growth means higher house and real estate prices. To add another parallel to this, the question has and always will be the same for any resident as it would be anywhere; should I rent or should I buy?  I will not go into the pros and cons of each. However, a recent survey has shown that most people would prefer to buy over rent any day. Buying a house or real estate in Bangkok is no piece of cake. Foreigners can only own 49% of a piece of land or house- although condos can be owned outright. These and other legal and bureaucratic obstacles await you when you decide to climb onto the ladder which is why you need to find good authorized property consultants, who can advise you and tell you exactly where you stand, and to find the most suitable property in a simple, secure, and safe method.

Affordable

Are you in search of the exclusive high end real estate currently available, such as modern high rise condominiums which boast stunning views of the city? Or are you interested in some of the modest quainter back street houses lush with idyllic green gardens? Authorized property consultants can give advice and offer an extensive range to suit all your needs. But unless you have plenty of money to buy a place outright, there are questions and issues you should raise before taking the plunge in joining the Bangkok property ladder. Are you planning to remain in Bangkok for the next 3 to 5 years?  Would you be willing to rent out your investment if you weren’t planning to stay long term? How would rent compare to loan repayments and, what would your equity yield look like after say 5 years? Seek advice and do the math…

The city and its districts

The City of Angels a literal translation of the city name has always held its charm. One of its many charms is the elaborate network of canals known as khlongs, which is still used by the river taxis and is one of the nicest ways to get around the city. (Another of Bangkok’s nicknames “Venice of the East”). This is just one of the attractions of living in a city which stretches both sides of the Chao Phraya River to a total area of 1537 square metres. The cities fifty districts are also connected via a rapid transit network of sky trains and subways- not to mention the buses and taxis which are that cheap that it is also an easily affordable method of commuting.  State schools and international schools are to be found in most locations, other amenities including shopping malls and good restaurants are abundant. So whether you look into purchasing your house or real estate along the idyllic waterways or close to the CBD areas, Forbest properties will be able to offer you expert advice.



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PROPERTY INVESTMENT FOR PROFIT 

As the global stock market crashes commercial institutions, banks, and even countries are threatened with bankcruptcy.  Even massive injections of government money have failed to make any significant impact on trading conditions throughout the world.  There is a general view of global economics being out of control and future stock market trading is, to say the least, unpredictable. 

Uniquely FTSIE, the only global property stock market in the world, has continued to expand in scope and profitability for the direct benefit of members with share holder stakes in a wide portfolio of properties. 

Property investment is often perceived as complex, bureaucratical, and infested with legal procedures.  Specialist companies do of course operate in this area and it is not viewed as a natural domain for individual investors.  However, FTSIE, with their legal expertise and property selection have a simplified on line system enabling members to trade in shares covering selected properties in a variety of global locations. 

This is how it works: 

FTSIE advertise all available properties on the website www.ftsie.com with the accompanying unit price per share.  Members simply follow the step by step format to purchase shares in the required property.  All the  legal preparation and documentation is done by FTSIE, and members only buy the shares to suit individual circumstances.  There is absolutely no pressure to increase investment – though clearly of course as in all property investment, the greater the funds allocated, the greater the profit!  As a guideline the return on property investment, depending on location, is between 5% and 40% per annum. Some members of Ftsie have seen over a 60% profit on investment within a 12 month period. 

Additionally, a key factor in outlaying any funds, is all contributions are held with an independent registered trust fund and not released until the specific property has been purchased. That is when all the shares have been allocated.  Having said that, it is only fair to highlight in some instances this can be as fast as 3 minutes! 

To summarise the benefits: 

* Property investment shares can be traded easily on line. 

* There are no limits on the amount of shares that can be purchased on individual properties. 

* All properties are selected by FTSIE are at attractive economic rates. 

* FTSIE manage all the properties and are responsible fo all the accompanying legal paperwork and procedure. 

* Low commission rate on share sales to maximise profit. 

There is an introductory  discount for new members, and we look forward to you visiting our website. Join FTSIE now and maximise the benefits from our property investment portfolio for future prosperity.  

 

http://www.ftsie.com



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A secured loan is essentially a loan that is taken out against your home or other collateral. In the context of this guide, when talking about secured loans and secured lending, reference is being made to that of a lender placing a legal charge over a property.

The most common type of secured loan is that of a mortgage. It is not within the financial capability of most people to purchase a property outright so most of us will therefore need to secure a mortgage.

Again, in the context of this guide, when talking about secured loans and secured lending, reference is being made to secondary secured loans, or second charges as they are commonly known within the industry. Borrowers who apply for a secured loan/second charge are doing so to follow that of their first mortgage.

How Do Secured Loans Work?

To the average lender, secured loans offer a very appealing prospect. They are able to lend out large sums of money with the additional security of a property – They will subsequently have open to them a number of legal remedies in the event of the borrower defaulting there obligations and payments. This will of course include home repossession.

A lender will register a secured loan by way of a legal charge with which the applicant must give consent to in order for an application to complete. The charge is then registered at the Land Registry by the lenders solicitors.

When it comes to remortgaging, most secured lenders will require the outstanding balance to be redeemed at the same time as the first mortgage. An exception to this is when a second charge lender grants a deed of postponement, thus allowing the existing second charge loan to run alongside that of the new mortgage lender.

What Are The Characteristics Of A Secured Loan?

The characteristics of a secured loan share many similarities to that of a mortgage. The most common one being that if your do not keep up the repayments on the secured loan, your home may be repossessed.

In the case of taking out a secured loan, it is a common myth that your home will be safe so long as you meet the repayments on your first mortgage. This is not true. If you fail to meet the repayments on your secured loan, even if you are up to date on your mortgage, the lender can seek possession of your property through the courts.

Secured loans can be arranged on loan sizes that usually range from 5,000 to 250,000, depending on the lender. Flexible terms are also available on secured lending, ranging from 5 up to 30 years. Some lenders will have schemes available allowing you to borrow more than the value of your property (combined with that of your first mortgage) of up to 125%. These schemes are not too common and it is believed that this is more of a marketing ploy rather than a viable or an advisable option to many borrowers.

How Does A Debt Consolidation Secured Loan Work?

A debt consolidation secured loan enables borrowers with significant levels of debt to consolidate some or all of these outstanding commitments into one loan amount and subsequently, one monthly payment. Debt consolidation is seen by many as an extremely effective short term solution to relieving the pressures of debt.

It is highly likely that by arranging a secured loan to clear off other unsecured debts such as credit cards, personal loans and hire purchases, the borrower is able to achieve a lower rate of interest than that applied to their unsecured commitments.

Not only will this take the effect of reducing the monthly payments but also secured loans can be arranged over a longer term than that of their unsecured counterparts. By extending the term of the loan will also mean that lower monthly payments can be achieved.

This is often viewed as a short term solution as in the long term, increasing the term of the debts may mean that you end up paying more interest. The other potential disadvantage of these types of loans is that consolidated debts that were once unsecured would then transform to being secured on the property.

What Are The Benefits Of A Secured Loan?

There are many benefits to be realised in taking out a secured loan. Many lenders and brokers alike will not charge any upfront fees, house valuation costs or legal fees. Compared to the fees associated with a remortgage, the secured loan option can be a very appealing one to borrowers.

Such fees associated with a remortgage will include valuation and administration fees, higher lending charges, discharge fees, title insurance and telegraphic transfer fees. This list is by no means exhaustive however they may not all be applicable in every case.

The timescales involved along with the various fees involved can be a put off for some homeowners considering a remortgage.

Perhaps the biggest appeal to most homeowners who are seeking finance is the speed at which a secured loan application can complete. At the top end of the scale, an application can take just a matter of days to complete. However for the majority, two to three weeks is a sensible timeframe to look for.

The benefits of secured loans when looked at against comparable unsecured loans are that it is highly likely that you will obtain a more favourable rate of interest on secured lending. As discussed earlier, this is due to the fact that the lender will in this case secure the loan by legal charge over the property reducing their perceived level of risk and subsequently reducing the rate of interest.

A secured loan will also offer a more flexible repayment period than that of an unsecured loan between 5 and 30 years with many lenders. If it is the intention of the borrower to obtain the very lowest monthly payment then this could be large benefit to them.

How Do I Know Whether I Should Take Out A Remortgage Or Secured Loan?

Each case must be assessed on its own merits. It is impossible to answer this question without careful consideration and assessment of the borrowers circumstances, needs and objectives.

The obvious example would be where a borrower seeking finance has a large early repayment charge to redeem their mortgage. In this case it may not be appropriate to remortgage. ERCs (Early repayment charges) can be as high as 7% of the outstanding mortgage balance which can of course result in thousands of pounds.

By arranging a secured loan in this instance might mean that you would be paying a slightly higher rate than that of the mortgage, however it could potentially save thousands of pounds of charges.

Another example of when taking out a secured loan might be of more benefit to the borrower would be a case where the first mortgage was originally taken out before the individual started to miss payments or run up another form of bad credit. It is highly likely in this instance that raising finance through a remortgage would mean paying a higher non-conforming/sub prime rate on the entire amount of borrowing.

By arranging a secured loan might mean that the borrower can still enjoy the prime high street rate applied to the first mortgage whilst only paying a higher non-conforming/sub prime rate on the new secured loan the additional finance.

Can I Apply For A Secured Loan With A Bad Credit History?

There are many schemes available today to cater for nearly every type of borrower regardless of credit history. If there is available equity in your property and you can meet the affordability criteria then it is highly like that you will be eligible for a secured loan. Bad credit will usually be defined between having one or more of the following:

# Mortgage arrears

# Rental arrears

# Secured loan arrears

# County Court Judgements

# Individual voluntary arrangements

# Bankruptcy

The more severe your credit history then the higher the interest rate that you will be charged. This again is a reflection of the higher level of risk perceived by the lender.



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There are many decisions that you will need to make when investing in real estate. One of those choices, for those handling rental properties, is whether or not you need a property manager. Property managers have many purposes and are a great idea for those who have several properties to handle and want to have a life away from their real estate investing business. A property manager is your buffer between your tenants and your family.

The benefits of a good property management service are quite numerous. To begin with you will find that they eliminate the need for tenants to have your phone number. If you’ve dealt with rental properties before without the buffer of a property manager, you are surely aware that it doesn’t matter what time of night or the morning things go wrong, you are the first person your tenants call to patch up those things. It also doesn’t matter to the tenant whether the issue is very minor and could easily wait until a decent hour to report. A property management service is able to deal with many things for you while letting you sleep through the night. It’s no small favor when you think about multiple tenants as you purchase more properties. A few late night phone calls and many rental property owners are almost ready to get out of the business of renting properties.

Property management services often have a qualified staff of maintenance people that can deal with many of the things that go wrong with rental properties. The fee for these services may be included in your fees for the using the property management service in general or certain services may charge additional fees. Regardless, your property manager or property management team is often the best source to find contractors to handle the repairs they cannot make for you, as well as the repairs that they can. It’s nice to know that you won’t be getting up bleary eyed in the morning calling around for a plumber on the first exceptionally cold day of winter. Moreover it’s nice to know that someone else can deal with some of the negative things about owning rental properties.

My personal favorite reason to seek the assistance of a property management service is that they are qualified to handle the legalities of taking care of tenants who cannot make the rent for months on end. This is after all a business and while you can relate to the circumstances that leave some people unable to pay their rent, you need the income from their property in order to pay your bills. It’s much easier to leave some of the less pleasant tasks to someone else, especially if you are a softy for sob stories.

Property managers also handle the advertising for your property and the cleaning up and retouches that are essential between tenants. They also allow you to take vacations assured by the knowledge your properties and tenants are in good hands even when you aren’t there to watch over everything.

If you are going to invest in real estate, this is one of the most worry free ways you can do it. The more properties you have, the more sense it makes to utilize the services of a reliable property management team. Copyright 2008 Promotions Unlimited – websitetrafficbuilders.com. All rights reserved



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If you are looking for finances to fulfill the various needs, secured loans can be an ideal solution. Through secured loans, you can avail a bigger loan amount at cheap rate of interest. You can use secured loans to meet various needs like home improvement, purchasing a car, going for a vacation, debt consolidation etc.

Secured loans are a type of personal loans which can be easily availed from various lenders like banks and financial institutions. Here, you are required to pledge any property as collateral to secure the loan. The collateral placed can be your home, real estate or any other valuable asset. By placing collateral, you are assuring the lender that you will pay back the loan amount in due time. The loan amount you get basically depends on the equity value of collateral.

Under Secured Loans scheme, you can borrow an amount which ranges in between £5000-£75,000. One benefit of availing secured loans is that you get a longer repayment period which is in the range of 5-25 years. The rates of interest for secured loans are also quite lower as it is secured against collateral. With low interest rate, bigger loan amount and a longer repayment period, you can easily repay secured loans without facing any problems.

If you are facing bad credit problems such as CCJs, IVA, non repayment, arrears etc, you too can avail secured loans. The rate of interest charged will be comparatively higher. But by paying back secured loans within the stipulated time period, borrower can improve the credit score.

While availing secured loans, ensure to pay the installments regularly , so that your collateral cannot be repossessed by the lender. But with low interest and easy monthly installments, you can easily pay back secured loans. Further cheap rates can be availed by applying online.

With low interest and bigger loan amount, secured loans are the ultimate financial solution which helps to fulfill your desires.



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