2009年4月4日星期六

UK Property Market Predictions for 2009 for the Discerning Property Investor

This is the cycle and this is how it works, so don't attempt to force it, just understand it and learn the way to invest with it not force your way against it trying to hug out capital expansion from properties that simply do not have any now. You must be picking up bargains at noticeably below valuation and for far less than you might pick them up for only a couple of months back, so you are locking in equity and locking in more capital expansion potential for yourself. If you try and force capital expansion now, then you may be making your life tougher than you want to when you should be more centered yield. Financiers that traditionally have stuck to a purchasing method that's robust on yield and money flow should be doing well at this time.

The ones that are flying are ones that have not over stretched themselves and have money or heaps of equity to play with and have centered the basics of purchasing positive monthly money flowing properties. When these speculators realized that the mortgage market was getting tough they learnt other talents like ways to do lease to possess deals or they have successfully changed and done JVs to raise the capital to buy properties. there were a number of investment corporations that have appeared with claims of simple money from property and that all you should do is get it at their "discounted rate" and then relax and release equity in some months time and become rich this way over time.

2009年4月3日星期五

How to Make Money Through Property Passive Income

It is completely likely and normal folks are doing it common-or-garden.

The rationale property passive income can be so tough is that it lets you do everything else you need to do with your life. You do not have to slave away like a workaholic if you do not wish to, and you can spend more quality time with the folk you love and doing the things you would like to do. Rich folk typically do not work for a wage that's what the average people do. Made folk don't work the ground and get a pay check at the end of it. They have residual earnings that pays them even if they are on vacation sunning themselves in Barbados for a month.

When you're a property developer your earnings is contingent on you purchasing, developing and then selling properties. If you stop purchasing, developing and selling then your revenue will terribly quickly dry up.

If they set the right systems in place and have the right letting agents in place and so on.

They need have small to do with the properties ever again. They can just need to make the occasional call about them each now and again. The rest of the time they can spend doing whatever they like. If that be Salsa dancing, training football, working for a charity whatever. The reality is as the property market changes they could need to adjust their method. Bottom line is, this work can be very minimal particularly if they remortgage all their properties at the same time.

Are you beginning to see why it makes sense to invest in property!

Well you would be incorrect, if you talk to any one over the age of fifty who's had their place since the 70s the bulk of them will tell you how they needed to scrimp and save to pay for the house and to survive.

Sound familiar? Well it should do, because it is what folk are having to do today.

Do you suspect a few of these folk are kicking themselves now? Plenty of them are at retirement age and are rueing the day they did not take a touch of a risk and go against the bunch and buy even that one additional property. Today is the right time to get into property like the 70s was.

The sole query is : Are you going to recognize the facts and accept them? Or are you going to let others make all of the cash, whilst you sit and contemplate for another 10 years and then kick yourself at the end of it all saying,. Actually , if you had bought those two additional properties and now had £435,000 of equity in them, you might simply draw out a massive portion - shall we say £200,000, tax free to do what ever you wanted with.

Why do people invest in property?

Folk failed to always invest in property as they do now. Before the early 1980s property possession wasn't widespread in the United Kingdom.

However, that was lost with Margaret Thatcher and the 'Right to Buy' council house scheme she promoted, which gave folks the legal right to buy their council homes at a reduction. Since this time property possession has turned into a bit of an obsession amongst folk in the United Kingdom and due to this obsession we now lead the way with property possession in Europe. Moving on from our leadership of property possession, the general public in the United Kingdom now understand that though the property market has the occasional dip, it's been going up in worth for centuries.

The reality is the property market has always recovered from any dips.

Similarly if you are a buy-to-let property financier, so long as your properties are kept rented and are manufacturing monthly positive money flow, then you are reasonably safe any way. This is reason adequate for many to decide to take the plunge and invest in property. You could be startled to find out that a median semi-detached three-bedroom in Birmingham for £150,000 was worth only about £5,000 back in the early 1970s. History proves that long term it is sensible to take a position in property since historically property goes up in price ; really statistically, property doubles in worth each 7 to a decade. Why you want to invest in property as fast as practicable. Now imagine back in the 70s you had a brain wave and thought you would buy 2 more matching properties and lease them out and you managed to keep them rented for the bulk of the time.

专业解释

Terrace: 一般都没有后花园,只有一个称之为Yard的后院,前花园一般也不大,有的甚至没有。这种Terrace建得都比较密集,一排接着一排,Terrace分 为two double bed room或者three bed room,two living room的也有,不少Terrace感觉就是外面看起来小,里面可是别有洞天。

Cottage: 样子很象Terrace,但是价钱贵很多,都是大块的石头砌成的,价格非常昂贵。通常为具有历史意义的老房。

Town House: 排房,一般就只有五家或七家一排,多为Council House。一般这种楼宇结构都很结实,出名就出名在well built,不象现在新开发的房子都是木头板搭盖起来的,另外就是房大,three bed room的基本上Master room 和 Second bed room 都是差不多大,有的小房还可以放double bed。

Council House:类似香港‘公屋’,大部分为政府救济房,穷人们通过向local council申请然后安排入住,月租都是形式一下,大概1百多磅一个月左右。注意:最早的Council House的heating 是air flow heating,很多人现在都换成central heating了,但有的还保留着,买的时候要注意,换整个系统的话价格在3000-4000左右,买房的朋友们要有这个预算,也可以用这个来压买方价。


Ex-council house: 政府允许居住council house的居民在居住超过一定时间后用低价买下来,房子从Council变成Private,这样的房子俗称ex-Council. 买ex-council的时候要注意调查一下周围有多少的房子还是council house,如果比例高的话就是说穷人比例高,人也杂,而且你不知道下一手是谁申请搬进来住。这种区的房子投资风险比较高,第一是不安全,第二会影响以后 的房价。

Semi-Detach:半独立式房屋,最主要是前后都有自己的花园,空间比较大,没有排房那种很压抑的感觉。注意:Semi-Detach 的Council house 也不少,价格相对比Terrace高。

Detach:就是独立式别墅,前后独立花园,独门独户,价格相对较贵。

Flat:楼房,最主要的区别是Flat通常都是Lease Hold, Lease Hold, 也就是说不是永久产权。

购房程序(转载)

第一步:咨询Mortgage Adviser, 最重要的是要评估自己的最高可贷款额度为多少。通常方式有2种。一种是直接去银行咨询关于Mortgage服务,优点是免费咨询,但是通常最多可以贷到的 金额上限为工资收入的4倍。如果是夫妻,可以贷到的可能是两人工资总额的3.5倍。如果是学生,银行通常都不予考虑。另外一种方法:我们可以提供专业的 Mortgage服务,为客户申请贷款,基本要求为:1,没有任何刑事犯罪记录;2,没有任何银行不良记录 3,签证期限至少仍然半年以上。如果您符合以上3个基本要求,并且提供详细的银行资料记录,我们将在24小时之内告知您的贷款申请情况,并取得 AIP(Agree In Principle,也称作银行初步同意书 )

第二步:取得AIP后,需要做的事情是看房,选择自己合适的房 屋。通常都是通过房屋中介(Estate Agent)来寻找自己合适的住房。推荐网站:www.rightmove.co.uk (英国地区的房源信息发布) www.findaproperty.com (英国各地区房源以及价格分析比较)。通常在网上看到合适的房屋后,马上打电话去和中介预约看房,记住在使用网站搜索时注意选择最新加入的房屋信息最好为 3天以内,因为房源变化太快,如果不是3天以内,很可能已经卖出了。看房时,可以出示AIP给中介看,显示自己购买房屋的认真程度,并且可以在给 Offer (砍价)的时候有一定优势。

第三步:出价,通常看到自己喜欢的房子后,可以给出一个价格,不一定要比中介或者房东要求的高, 可以砍价,但是通常来讲余地不是很大。所有的中介和房主都喜欢First Time Buyer,因为没有 Chain,没有太多的麻烦,同时可以出具中介看你已经拿到的AIP,显示你对买房的认真程度。 中介会把你的价格提交给房主考虑,如果同意了,就达成了整个买房过程的第一个关键步骤。

第四步:法律程序1;这个时候,需要将你的律师信 息交给中介,包括律师所名称,地址,电话,律师姓名等等。通常在2天之内中介会给你及你的律师发信,确认你的初步购买意向,包括要买的房屋地址,详细资 料。拿到详细资料后,尽快和Mortgage Advisor联络,通知银行预约Survey,对房产进行评估,通常一周内可以知道具体结果。两周内可以得到正式的贷款同意书(Mortgage Offer)

第五步:法律程序2;到了这个时候,所有的工作基本都交由律师来处理,需要做的只是准备资金,根据购买房屋价值的不同,准备相应的资金,包括10%的房屋首付,以及律师费,印花税等。

第六步:交接手续:通常手续的完成时间将在6-8个礼拜左右,当完成所有法律程序后,在律师行进行手续交接,包括合同签字,领取钥匙。


注 释:关于Chain,这是目前最重要的一个话题,对买卖是否成功有很大影响。简单来讲是买卖双方交易时是否有涉及到另外一处房产的交易行为,如果有,也就 是说On Chain. 如果是第一次买房是最受卖家欢迎的,因为不存在Chain. 但是如果你看好的房子的房东在卖房的时候,本身自己也要买房,那就是说他的房子是On Chain, 很可能他没有买到房,也不会把房卖给你。即使你们已经给了Offer, 付了律师费,评估费,他们在完成交易之前,都可以随时终止合同,而且是完全合法的。这点目前在英国比较普遍,在伦敦,大约有1/3的机会发生这种情况,所 以,在考虑买房的时候,一定要考虑到这个因素。

mandy198420@gmail.com
phone:0044(0)7894220933

我在英国买房子之九

通话结果是令人失望的, 屋主以家中两个小孩还在上学的理由, 很直接的拒绝了我们的提议.

就这样, 第一次在英国买房子以失败而告终. 今天很多网友写email来骂, 说我每次都吊大家口味, 现在总算也可以给大家一个答案.


不过这都是去年4月的事情了, 之后几个月我们并没有因为失去了这宗交易而气馁, 八月的时候我们找到了现在我们住的房子, 十月的时候正式拿到了钥匙,现在还在DIY之中. 有空再和大家讲讲这个故事.


大概总结一下整个Kearsley的买卖. 其实象我们这样赔钱的例子, 在英国实在是数不胜数. 根据官方统计, 每三个房屋买卖里就有一个 Chain Fall Apart, 导致这个发生的原因有很多种, 当然也包括猴子去HOLIDAY等等, 不过最常见的当然是在survey里发现了 房子的毛病, 要再次谈价.对于买家来说, 可以说是非常不公平的. 所以英国政府将在2007年开始要求卖家提供一个 Seller Pack, 也称 做HIP (HOME INFORMATION PACK). 也就是说买方在决定买房之前可以得到相对更多的房屋资料, 具体的内容大家可以去网上找一 下, 这里就不多说了. 个人觉得在现有的体制下损失金钱的可能是很难避免的, 最好的方法就是不买on chain的房子, 当然相对就更加难找和抢 手. 很多买过房子的英国朋友都说买房子过程中没有比运气更重要的, 主要是get involve的人太多, 过程太长太复杂, 再加上英国人低下的工 作效率, 这1/3的高fail rate也就很容易理解了. 曾经向国内父母诉过苦, 他们可是对英国的买楼方式一万个不理解, 怎么没买成就亏了这么 多手续费. 我个人觉得大家唯一能够做的就是好的沟通, 要和中介和律师保持经常的联系, 不要以为律师是你给的钱他们就会帮你 催, some of them are really useless!!!!!! 所以要push他们, 给点压力他们才能够干活的.

今晚会在我的Blog上贴上Kearsley这家房子的图片, 大家一起诅咒它!!!........感谢大家一直捧场, 希望以后还能有'待续'!