Buy-to-Let Investors Jaded by the Mortgage Market

logo1Latest Young Index results from Young Group show that buy-to-let investors have all but given up hope of a better mortgage deal.

Results from the Q2 2009 survey of investor market sentiment show that fewer than 1 in 4 residential property investors are tracking their mortgage options on a regular basis. Only 24% of respondents now evaluate their mortgages at least every 6 months, compared to more than 80% of investors who were actively tracking new deals this time last year. Continue reading

“Charles & Kim Petty Share Virtual Real Estate Investment Tips that work in TODAY’s Real Estate Market”

Lithonia, GA, Charles & Kim Petty known as the king and queen in the virtual real estate investing industry share information on virtual turn key wholesaling which could lead to profits of ten thousand dollars or more per month. With many years experience and expertise Charles and Kim Petty share their knowledge with real estate investors looking to cash in on the profits from real estate investing. Charles and Kim offer information on; wholesaling real estate, real estate investments, online real estate investing and how to cash in on the foreclosure boom online

Charles and Kim Petty explains virtual wholesaling. “In today’s real estate market foreclosures and motivated sellers are everywhere. So what is the best money making strategy for you as an investor. That would be wholesaling the properties,” says Charles. What is wholesaling? Wholesaling is finding a bargain property and passing it on to another investor. That investor will either buy or hold the property or they will buy and resell it. The property can be a single family home, a multi family home, land, lots, commercial buildings, apartment buildings, pre-construction homes, condos or even new homes. It is simply finding a bargain property and passing it on to a bargain hunter. That bargain hunter will be an investor who will either purchase the property to resell it or purchase it to hold it for rental income. Profits as a wholesaler should be between five thousand and thirty thousand dollars on each house. In some cases it will be higher and some deals the profit may be a little lower. Continue reading

Buy-to-Let on the Rise Once More

index-homeLatest Young Index results from Young Group show the continuation of a rising trend; increasing numbers of buy-to-let investors are keen to return to the market as they believe property prices will stabilise and rise during the next 12 months.

Results from the Q2 2009 survey of investor market sentiment show that increasing numbers of residential property investors are considering purchasing additional UK properties within the next 12 months. Continue reading

Charles & Kim Petty Share Virtual Real Estate Investment Tips that work in TODAY’s Real Estate Market

Lithonia, GA, Charles & Kim Petty known as the king and queen in the virtual real estate investing industry share information on virtual turn key wholesaling which could lead to profits of ten thousand dollars or more per month.

With many years experience and expertise Charles and Kim Petty share their knowledge with real estate investors looking to cash in on the profits from real estate investing. Charles and Kim offer information on; wholesaling real estate, real estate investments, online real estate investing and how to cash in on the foreclosure boom online. Continue reading

Young London Stands up to Rogue Agents

Young London is the latest agency to join up to the National Approved Letting Scheme (NALS), accreditation set up to provide a much needed industry benchmark to protect landlords and tenants from the perils of ‘cowboy’ agents.

Under the strict accreditation guidelines, NALS members must comply with defined service standards, have in place a customer complaints procedure that offers independent redress through the Ombudsman for Estate Agents Scheme, have suitable Professional Indemnity insurance and protection for client monies as well as access to appropriate Tenancy Deposit Protection.

Young London currently has more than 300 properties under management and Neil Young, CEO of Young Group, is confident that NALS accreditation along with the company’s recent decision to join the voluntary Ombudsman for Estate Agents Scheme demonstrates Young London’s commitment to providing clients with exceptional service: “When choosing a new home to rent or making the decision to let your property, people need to have confidence in their appointed agent and be provided with peace of mind that the process will be dealt with professionally and as smoothly as possible.

“In adopting the UK-wide framework that NALS has established we make it clear to tenants and landlords that, in addition to our own strict professional code of practice, we now adhere to a set of standards put in place by an independent Government-supported scheme with the primary aim of raising standards in the private rented sector.”

The Scheme is supported by some of the most powerful voices in the property industry; The British Property Federation (BPF), National Landlords Association (NLA), the National Union of Students (NUS) and the Guild of Letting and Management are all Directors of the Scheme. Shelter, National Federation of Property Professionals (NFOPP) and RICS endorse NALS and recognise the benefit to the sector in having a single industry kitemark for the assurance of good customer service. Continue reading

Groundhog Day . . . with a difference

As the UK’s Bank of England Monetary Policy Committee (MPC) opts to hold the current base rate at 0.5%, the similarities between the current market and pre-credit crunch days become clearer – but so do the startling differences…

Neil Young, CEO of Property Portfolio Manager Young Group, believes that the Bank of England’s MPC base rate announcement’s recently are more reminiscent of the former Bank of England governor, the late Lord Eddie George’s, days of little change. “We seem to be heading back towards where we were before the credit crunch in as much as rates aren’t changing, the level of mortgage lending is stabilising and the majority of lending is through the high street rather than specialist lenders. However, the startling differences are that the base rate is now 0.5%, not the long term average of 5.0%, lending volumes are 60% lower and margins are at levels that the banks would previously only have dreamt of.”

Inflated Margins
Despite the fact that over the last 12 months three-month Libor has come down by 4.4 percentage points, the best trackers are only 3 percentage points lower.
“The treasury is fast to draw attention to the value of economic stimulus that it has provided, but much less quick to acknowledge that the treasury-owned lenders are amongst those sitting on the benefit of a record low base rate.” Neil Young, CEO – Young Group.
-ends-

About Young Group (www.younggroup.co.uk)
Young Group specialises in providing Property Portfolio Management services to private and institutional investors, offering asset management, acquisition and disposal off residential property investments in London.

At a Glance:
• 255: The number of apartments that Young Group clients have successfully completed on in 2008
• 67%: The percentage of new business generated through referral and by repeat investors
• £700 million: The value of property that Young Group has transacted since it formed in 2003
• 1,700: The number of apartments that Young Group has transacted since 2003
• 15: The number of developments offered to Young Group’s client base of global private investors
• 300: The number of assets currently under management by Young London – our lettings business
• £35 million: The value of mortgages written by Young Finance in 2008
• 272: The number of tenants who will sleep soundly in beds provided by Young Furnishing
• 99%: The proportion of investors who will hold their property assets for at least the next 12 months.

Young Group manages the entire investment process from sourcing opportunities through to financing (Young Finance: www.youngfinance.co.uk), furnishing (Young Furnishing: www.youngfurnishing.co.uk) and letting (Young London: www.younglondon.co.uk). Young Group is the principal in the majority of transactions and also retains a number of units for its own portfolio. As the principal, Young Group does not realise any profits until completion and has transacted in excess of 1,700 apartments, with a retail value of more than £700 million. The majority of our units are bought by clients for their private portfolios. The Group’s portfolio managers liaise with the Young London estate agency team in advance of completion to let investors’ apartments to quality tenants, often through corporate lets.

Young Group clients have access to all available finance products via Young Group’s FSA regulated mortgage desk, Young Finance.

• Young Group’s iconic Canary Wharf development, The Landmark (www.TheLandmarkE14.com), has been awarded two Daily Mail Property Awards in the categories of best high rise development and best high rise architecture. The Landmark East Tower rises to a height of 459 ft, making it one of the tallest residential properties in Europe.
• Young Group’s COO, Sylvana Young, has been named Bradford and Bingley’s Property Woman of the Year, 2008 for London.
• Young London (www.younglondon.co.uk) is a finalist in the national Estate Agent and Letting Agent Awards, 2009.

Young Group supports NORWOOD and CHILDREN with LEUKAEMIA, two charities particularly close to our heart, donating £50 per property exchange and providing additional support throughout the year.

Visit www.younggroup.co.uk to learn more.

If your Tenant Can’t Pay; Don’t Panic

ylondon_360px_wideTake these steps from Young London (www.younglondon.co.uk)
to make the best of a difficult situation: In the current economic climate, unemployment has become an unexpected reality for many. Hopefully it will never happen to one of your tenants but if it does and they can’t pay the rent, what are your options as a landlord?

Maintain a good relationship with your tenant
If the worse does happen and your tenant loses their job, you need to know about it! If you’re approachable then they’re more likely to let you know what’s happened. At the same time it makes sense to keep an eye on your tenant; make sure the rent is being paid on time and if isn’t, ask why sooner rather than later. If they have been made unemployed then paying their rent may not be high up on their list of priorities when faced with credit card bills and other debts. Make sure they understand early on how important it is to pay the rent.

Look at taking out insurance cover
Insurance cover is available to guarantee your rental income and legal expenses. For a regular monthly premium, these policies can be taken out when signing up a new tenant.

Find out if Local Housing Allowance is an option
Your tenant may be eligible for Local Housing Allowance. Landlords should speak to their local council to see if it’s an applicable option for the tenancy – and ensure they familiarise themselves with the additional responsibilities it may entail. This may seem like a lot of effort but it could mean you keep the tenant until the end of the tenancy agreement. Continue reading

Young London is Shortlisted at the Estate and Letting Agent Awards 2009

Young London (www.younglondon.co.uk) has been shortlisted at the prestigious Estate & Letting Agent Awards for 2009

The Southwark, London SE1, based agency was recognised for its excellent customer service as voted for by their clients – and the award comes just 6 months after the opening of Young London’s first high street agency office.

The trophy was presented at a lavish ceremony which took place at the five star Marriott Hotel in Mayfair, London attended by 300 of the UK’s top Estate and Letting agents.

The results of the competition were determined by research carried out amongst landlords who are asked a series of questions about the service they have received from their agent.

Tweedie Brown, Deputy Chairman of headline sponsor PSG said “what a comfort it is to me to be involved in these Awards where openness, honesty and transparency actually mean something. Where estate and letting agents are prepared to stand up and be counted by their clients in the most difficult of market circumstances”

Gold, Silver and Bronze trophies were awarded for each region and there were Grand Prix Awards for Best Estate Agent or Best Letting Agent in the UK. “Getting involved with the Estate Agent Awards was a natural fit for us” said Dan Lee, Chief Executive of Globrix.com the property search engine sponsor. “Our business model is centered around helping estate agents and we have quickly built important partnerships, brand recognition and trust amongst the agent community and so our involvement with these awards was an obvious choice.”

Phil Spencer who presented the awards said: “This is the 6th year of the Estate and Letting Awards and I’ve increasingly enjoyed being part of the celebrations on each occasion. It’s fantastic to see agents getting the credit they deserve after all the negative press they receive. Throughout the property industry there is a constant need to improve customer service and these awards go along way to help agents focus on keeping clients happy.” He added “After all the most powerful marketing tool for Agents is word of mouth so customer satisfaction is key.”

Neil Young, CEO of Young Group, Young London’s parent company, commented, “We’re delighted that just six months after opening our first Young London office in Southwark, London SE1, our landlords have voted us one of the best agents in London. It’s testament to our unwavering focus on providing the very best advice to clients and unfaltering customer service. I’m immensely proud that we’ve been recognised in this way and look forward to continuing to develop and enhance the services that we offer to landlords, right across London.”

The Awards are organised by Awards for Business. Anyone interested in participating in next year’s competition should contact Awards for Business on 01892 610245 or visit: www.estateagentoftheyearawards.com.

-ends-

About the Estate Agent and Lettings Agent Awards 2009
The Awards are organised by Awards for Business Ltd. For more information regarding the awards, contact Awards for Business on 01892 610245.

About Young London (www.younglondon.co.uk)
Part of Young Group, Young London specialises in newly built property, offering sales, lettings and management services across London from its SE1 agency office. Young London has more than 300 properties under management, assets totalling in excess of £100 million.

About Young Group (www.younggroup.co.uk)
Young Group specialises in providing residential Property Portfolio Management services to both institutional and private investors, offering the best direct investment opportunities across London.

Young Group manages the entire investment process from sourcing the opportunities through to financing (Young Finance: www.youngfinance.co.uk), furnishing (Young Furnishing: www.youngfurnishing.co.uk) and letting (Young London: www.younglondon.co.uk).

Young Group is the principal stakeholder in most transactions and also retains a number of units in each development for its own portfolio. As the principal, Young Group does not realise profits until completion and has transacted in excess of 1,700 apartments, with a retail value of more than £700 million.

The majority of our units are bought by clients for their private portfolios. The Group’s portfolio managers liaise with the Young London estate agency team in advance of completion to let investors’ apartments to quality tenants, often through corporate lets.

Young Group clients have access to all available finance products via Young Group’s FSA regulated mortgage business, Young Finance. Young Finance is an appointed representative of Thinc Assured Network, one of the UK’s largest financial advisory firms and is not tied to any group of lenders, nor does it charge commission or transaction fees.

Young Group supports NORWOOD and CHILDREN with LEUKAEMIA, two charities particularly close to our heart, donating £50 per property exchange and providing additional support throughout the year. Visit www.younggroup.co.uk to learn more.

Residential Property Asset Management

Property Portfolio Manager, Young Group, is extending its asset management service to institutional investors, property companies, lenders that have taken direct control of property, and developers with part built or completed stock with low/no sales volume.
The Portfolio Management team comprises senior accountants and surveyors with commercial and residential property experience. They take a strategic approach to asset management that is more commonly found within the commercial property arena.

Young Group’s Property Portfolio Management (PPM) service draws on the capabilities of the group companies to manage residential assets through the entire investment cycle. By having this single point of contact service, institutional clients benefit from a coherent strategic approach to management and, where appropriate, best value disposal of their residential assets.

The PPM service is supported on a day-to-day basis by Young London, Young Group’s own London-based estate agency, which manages more than 300 residential property assets across the capital, and by the Group’s furnishing business, Young Furnishing.

Young Group’s CEO, Neil Young points out: “Time and time again we find that Young Group can outperform more traditional approaches to holding, managing and disposing of residential property, particularly in this challenging market.”

Neil Young, continues; “our PPM service has already proved its worth for our global client base of private investors and in the current economic climate, institutional investors with an interest in residential property assets are turning to us for our expertise.

“We are already in discussion with a number of institutional investors and lenders in regard to developing and implementing a coherent strategy for managing their portfolios of residential property assets.

“It’s not rocket science to know that dumping portfolios onto the open market brings poor returns. The skill is in taking a strategic approach, looking at each specific asset, and ensuring that the best possible returns are generated.”

-ends-

About Young Group (www.younggroup.co.uk)
Young Group specialises in providing Property Portfolio Management services to private and institutional investors, offering asset management, acquisition and disposal off residential property investments in London.

At a Glance:
• 255: The number of apartments that Young Group clients have successfully completed on in 2008
• 67%: The percentage of new business generated through referral and by repeat investors
• £700 million: The value of property that Young Group has transacted since it formed in 2003
• 1,700: The number of apartments that Young Group has transacted since 2003
• 15: The number of developments offered to Young Group’s client base of global private investors
• 300: The number of assets currently under management by Young London – our lettings business
• £35 million: The value of mortgages written by Young Finance in 2008
• 272: The number of tenants who will sleep soundly in beds provided by Young Furnishing
• 99%: The proportion of investors who will hold their property assets for at least the next 12 months.

Young Group manages the entire investment process from sourcing opportunities through to financing (Young Finance: www.youngfinance.co.uk), furnishing (Young Furnishing: www.youngfurnishing.co.uk) and letting (Young London: www.younglondon.co.uk). Young Group is the principal in the majority of transactions and also retains a number of units for its own portfolio. As the principal, Young Group does not realise any profits until completion and has transacted in excess of 1,700 apartments, with a retail value of more than £700 million. The majority of our units are bought by clients for their private portfolios. The Group’s portfolio managers liaise with the Young London estate agency team in advance of completion to let investors’ apartments to quality tenants, often through corporate lets.

Young Group clients have access to all available finance products via Young Group’s FSA regulated mortgage desk, Young Finance. Young Finance is an appointed representative of Thinc Assured Network, one of the UK’s largest financial advisory firms and is not tied to any group of lenders, nor does it charge commission or transaction fees.

• Young Group’s iconic Canary Wharf development, The Landmark (www.TheLandmarkE14.com), has been awarded two Daily Mail Property Awards in the categories of best high rise development and best high rise architecture. The Landmark East Tower rises to a height of 459 ft, making it one of the tallest residential properties in Europe.
• Young Group’s COO, Sylvana Young, has been named Bradford and Bingley’s Property Woman of the Year, 2008 for London.
• Young London (www.younglondon.co.uk) is a finalist in the national Estate Agent and Letting Agent Awards, 2009. The overall winner is announced on 8 April 2009.

Young Group supports NORWOOD and CHILDREN with LEUKAEMIA, two charities particularly close to our heart, donating £50 per property exchange and providing additional support throughout the year. Visit www.younggroup.co.uk to learn more.

Tweet to Woo New Tenants

Young London Estate Agency Flies by Embracing Latest Web Technologies

London-based estate agency Young London (www.younglondon.co.uk) has added the Twitter facility to its popular property portal, enabling tenants, landlords, buyers and sellers to keep up-to-date with the latest property details and market news and information.

The Young London website consistently achieves 200% more website traffic than Google’s benchmark for Estate Agents, with each visitor viewing 25% more pages than the industry norm.

Neil Young, attributes much of Young London’s success to a strong and innovative online presence, which is at the forefront of the adoption of latest Web 2.0 functionality; “For our landlords, being able to market property quickly and effectively, targeting the demographic that it appeals to is vital. Potential tenants and purchasers are increasingly using the likes of Twitter to keep tabs on new property that is coming onto the market, virtually instantly.”

Twitter is not the only new functionality to be featured on the site. Young London enabled the new Google ‘Street View’ option on the very day that it launched in the UK, enabling visitors to the website to view pictures of the street and surrounding areas that properties are located on.

“Google Street View lets visitors to the Young London website take a virtual walk down the roads they’re interested in, to get a feel for the neighbourhood.”

Neil Young
CEO – Young London
Street View provides potential tenants and purchasers with a real flavour of the neighbourhood. People can take a virtual walk down their new High Street, see the shops and facilities that are nearby and even ‘walk’ the route from a property to the local tube or train station, all from the comfort of their desk.

Neil Young concludes; “These days a facebook presence and Twitter profile should be the norm, not the exception, in any effective marketing campaign. It’s all about broadening the reach and encouraging internet users to refer, recommend and chat to each other about your products and services. The days of putting together a website and then just waiting for people to come to it are long gone!”

Follow Young London on Twitter at: www.twitter.com/YoungLondon

Young London – www.younglondon.co.uk – T: +44 (0)845 356 1010