UK Student Accommodation Sector in Trouble
By Charles Kelly, Property Investor, Author of Yes, Money Can Buy You Happiness and creator of Money Tips Podcast.
The Universities Minister laid down a warning to a summit of student-accommodation providers to sort out the "awful and disappointing" problems that have seen more than 20 student housing schemes not completed on time, the BBC reports.
Private landlords have been increasingly undermined by the government which has favoured large corporate landlords with tax breaks denied to the smaller student accommodation providers.
Buy-to-let investors have been quitting the market in droves since punitive property tax measures were introduced by the former chancellor George Osborne. Some estate agents claim that Osborne’s landlord tax grab, combined with the 2016 Brexit vote, has effectively killed off the buy-to-let property market, with prices in some areas falling by over 20%.
However, plummeting property prices have created buying opportunities, especially among distressed and disgruntled landlords fed up with being treated like second class citizens.
Even property investors I meet who have not sold everything have held back on buying further property due to the loss of tax relief on buy-to-let mortgage loans, as well as higher rates on limited company loans.
But most traditional buy-to-let property investors are not aware of the ‘no money down’ strategies to own or control property without using mortgage lenders.
Smart investors are using these creative finance, ‘no money down’ tools to build massive property portfolios in a few short years, as their hands are not tied by mortgage lenders and the need to save large deposits and pay higher taxes.
If you’d like more information on how to acquire wealth building assets using none of your money, email me at Charles@CharlesKelly.net or send me a message through Facebook or my Money Tips Daily community.
See more articles at www.moneytipsdaily.com
How to Use Creative Property Financing to Beat the Banks
How to Use Creative Property Financing to Beat the Banks In the last few years, mortgage lending rules have been tightened up by UK regulators. Lenders now dig into your finances far more deeply than just looking at your annual income. Self-certificated mortgages are all but... see -http://www.moneytipsdaily.com/how-to-use-creative-property-financing-to-beat-the-banks/
There are more examples and practical steps to getting rich and being happy in my book, Yes, money can buy happiness, I cover the 3 R’s of Money Management, the Money B.E.L.I.E.F System and much more. Check it out on Amazon http://bit.ly/2MoneyBook.
Word of the Day
Section 24 (out of space on Anchor)
See - www.moneytipsdaily.com
Sorry, but due to technical issues with Anchor, I was unable to upload Friday's episode.
